What is an Employer of Record (EOR)?
An employer of record (EOR) is a third-party company that handles employment responsibilities on behalf of a company. It helps them outsource their tax compliance, human resources management, payroll, and other related tasks to minimize their liabilities and risks in setting up an offshore operation.
When companies hire an EOR, the latter gets to be the formal employer of their employees. Though, they will render work in the company the same as a regular employee does. This is perfect for small companies that want to enter a new market while having limited HR capabilities.
Employer of Record Philippines
Hiring an EOR is applicable not just for overseas employment but also for offshore staffing. Many EORs in top outsourcing countries such as the Philippines offer comprehensive and affordable employment solutions for small and large businesses.