An employer of record (EOR) plays a valuable role in today’s hiring environment. By serving as the designated employer for contingent workers, the EOR assumes the liabilities and responsibilities of employment, including payroll processing, tax withholding, benefits administration and more. As the contingent workforce continues to grow and companies increasingly rely on a globally diverse…
When addressing your organization’s hiring needs, two of the most common options are an MSP (managed service provider) and EOR (employer of record). Of the 5 trillion global gig workforce, around 70% consists of independent contractors (IC) and digital workforce management, while direct sourcing and SOW account for 20%. Less than 2% of global…
The global pandemic has redefined the term “uncertainty.” Companies all over the world had to suddenly adapt to overwhelmingly unprecedented levels of changeable events. Shipping delays, logistical disruptions, and material and labor shortages were just a few crises that caught business leaders off guard. As a consequence, these events led many to discover just how…
In recent years, there’s been a significant shift in the way companies hire employees for their workforce. The traditional methods of conducting business through brick-and-mortar offices full of permanent employees are gone. Now, contractors, freelancers, consultants, and other contingent workers have experienced a rapid increase in demand. These types of workers are typically hired on…
As we enter into 2023, let’s take a moment to assess what this past year had to offer. With great advancements in technology, communication in the business world has become more diverse than ever. Organizations and employees have finally settled into the remote work model. This convenience of telecommuting has led to a rise in…
As much as 30% of the global working population is performing some kind of remote or independent work. Among these, contingent workers have become strategic pillars in various global industries, including manufacturing, automotive, logistics, and information technology fields. Several reports indicate that this trend is only expected to increase, as more companies turn to the…
Opening a foreign branch for your company is an exciting undertaking. Not only does it make new global markets accessible, but it offers greater access to a broader talent pool. However, expanding your business’s global presence can seem easier said than done. With all the responsibilities involved with legal procedures, foreign employment regulations, tax documentation,…
As companies look for ways to stay agile in a highly-competitive and changing market, demands for contingent workforces increase each year. The year 2020 already sent shockwaves through the global workforce, affecting workplace trends, business demands, and recruitment strategies. Now, as the world attempts to recover from the pandemic and its resulting new reality, companies…
When it comes to streamlining your staffing operations, few partnerships can be more beneficial than an employer of record (EOR). The right EOR partner will take on all the responsibilities and liabilities associated with employment, from performing background checks to providing unemployment insurance. Chief among the areas that an EOR takes over are the legal…
We live in an increasingly globalized world. Thanks to the rise of freelancing and remote work, a small business based out of Kansas could employ individuals from across the country — or even outside the country. For larger enterprises, the likelihood of expanding operations into overseas markets or hiring individuals from outside their home country…
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