International businesses that deal with different legal entities and jurisdictions have many of the same challenges when it comes to managing their employee payroll. Find out here why EOR global services might be the solution that you are looking for to streamline your international payroll and HR needs.
What is Employer of Record?
An employer of record (EOR) is a third-party organization that acts as the employer for an employee working in a different country. The EOR takes on the responsibilities and liabilities of employment, including payroll, taxes, and benefits.
The advantage of using an EOR is that it allows businesses to hire employees in foreign countries without having to set up their legal entities or navigate the complexities of local employment laws. This can be a valuable solution for businesses that want to expand their operations into new markets but are not ready to commit to setting up a long-term presence there.
What are the benefits and how can BIPO EOR global services help businesses?
There are many benefits of using BIPO EOR global services for your business. Here are some of the advantages:
There are many advantages of using employer of record global services for businesses. Perhaps the most significant advantage is that it can help businesses save time and money. In addition, it can also help businesses tap into new markets and expand their reach. If you are thinking of expanding your business globally, then consider using an employer of record service to make the process easier and more efficient.
Established in 2010 and headquartered in Singapore, BIPO is a global payroll and people solutions provider. Designed for businesses of any size from SMEs to MNCs, our total HR solutions include Human Capital Management solutions, Global Payroll Outsourcing, and Employer of Record service across 150+ global markets.
One-all-one HR global platform with integrated features to manage your business.