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Calculate the cost of hiring in a new country
Globalization is a reality for many businesses today, and with it comes the need for navigating complex regulations and procedures when it comes to hiring employees in foreign countries. Fortunately, there is an option that can help you navigate these waters: using an international employer of record. In this article, we’ll explore the benefits of using an International Employer Of Record and how they can help your business succeed in expanding globally.
Introduction to International Employer of Record
An international employer of record is a company that employs workers in other countries on behalf of their clients. The International Employer of Record assumes full legal and compliance responsibility for the employees, taking on the risks associated with employing them in a foreign country. This arrangement allows businesses to hire international workers without having to set up their legal entities or deal with complex employment laws in other countries.
Advantages for Businesses
There are many advantages for businesses when they use an International Employer of Record. International Employer of Record can help businesses with the following:
Conclusion
Overall, using an international employer of record from BIPO can be a great solution for businesses looking to expand their operations into new countries. This cost-effective and hassle-free option gives companies access to the local knowledge and expertise they need to get started quickly and safely with no added stress or financial burden. With all of these advantages, it is easy to see why the use of an international employer of record has become increasingly popular among businesses operating across borders.
Established in 2010 and headquartered in Singapore, BIPO is a leading global payroll and HR solutions provider, supporting businesses in over 170 countries.
We deliver multi-country payroll outsourcing and Employer of Record (EOR) services, integrated with our award-winning, cloud-based HR Management System and Athena BI analytics tool — powered by tech and driven by data — to automate HR processes, ensure compliance, and provide workforce insights.
With 50+ offices worldwide, BIPO combines global compliance, local HR expertise, and scalable technology to manage the entire employee lifecycle for global and remote teams.
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