Topic

Partnering With A Global EOR

Looking for a timely entry into a foreign market while ensuring high operational efficiency at low costs? One of the key strategies of overseas expansion is to work with the right partners. You can leverage on the local infrastructure and HR expertise of the Global EOR in areas outside your scope and knowledge.

What do Global EOR services entail?

A Global EOR has the proper infrastructure and resources available to employ and pay local workers. This ensures that all your compliance, tax, HR and the associated administrative needs will be fulfilled according to local laws with high operational efficiency. These are some segments that a Global EOR can perform on your behalf:

Payroll Process Outsourcing Onboarding for employees

Payroll Process Outsourcing Manage human resource related tasks (Dispute resolution, payroll, employee benefits, etc.)

Payroll Process Outsourcing Ensure labour law compliance

Why are organizations engaging with Global EOR services?

Partnering with a Global EOR essentially means that the EOR will be the one managing your offshore team while ensuring compliance with the local payroll regulations and tax laws. This eases the resources, time, and effort you spend on administrative, and HR activities, allowing you to focus on your business and profit generating activities.

Apart from that, here are a few other reasons why organizations are engaging with Global EOR services:

Payroll Process Outsourcing To outsource their HR functions due to resource constraints, or for the in-house team to focus on other strategic HR planning functions.

Payroll Process Outsourcing Leverage on the EOR’s knowledge, connections, and local expertise to grasp a better understanding of the local workforce requirements and labour regulations.

Payroll Process Outsourcing Start-ups and SMEs lack the resources and may not choose to risk investing in a subsidiary or building an entity from scratch in a new country with unascertained probabilities of success.

Payroll Process Outsourcing Obtain assistance with time critical market entry into new environments.

Payroll Process Outsourcing Keep costs low when testing new markets.

Payroll Process Outsourcing Manage a transitioning workforce from an organization’s merger and acquisition activity.

Find out more about partnering with a Global EOR!

Sign up for a free consultation today :  https://lnkd.in/gmCQX3z

Follow us on Telegram Channel: http://t.me/tg_hr_sg

Follow us on LinkedIn: https://bit.ly/3yMsgLJ

Follow us on Facebook: https://bit.ly/3xHURAy