Employer on Record (EOR) expertise by third-party vendors helps simplify global employment & helps you focus on what matters. EOR experts help companies with international payroll, benefits, taxes, compensation and benefits compliance.

Different countries have different policies and regulatory practices around payroll processing and comp and ben computation. Leave it to the hands of a capable provider like NSquare IT Offshore Agency to take the guesswork out of the global hiring process.

Benefits of EOR services

[1] EOR makes it easy to scale businesses

Over the years, EOR has evolved for the better. Global employers in multiple countries have become familiar with the EOR methodology. The baseline of using an EOR to complete the hiring process still stands, but scoping and flexibility have grown exponentially.

Naturally, businesses won’t have time to cope with the evolving nature of such progress. They prefer to leave it to the hands of EOR experts for successful hiring and payroll processing.

[2] EOR simplifies a time-intensive process.

The time-intensive EOR workflow begins with an RFQ (Request for Quote) submitted by the employer to a third-party services provider. Depending on the company’s needs, they will incorporate various aspects like payroll solutions, HR, Payroll companies, ERP solutions etc., with EOR services.

The experts have the tools, resources, and experience necessary to deliver results on these. You don’t have to recreate the wheel for these processes when they can be taken care of by an EOR expert.

[3] Wide range of services

An expert like NSquare IT Offshore Agency has a proven track record in different services. They can provide complete guidance with the IT company registration process in India.

They also offer high-quality PEO service in India and HR consulting services in India. Such wide coverage under one roof makes these EOR specialists a must-have for your organization.

[4] Ensure immigration compliance

EOR specialists are adept at ensuring immigration compliance. With ease and convenience, they help you avoid violations of immigration laws. They also help foreign employers to comply with statutory regulations set forth by the government of their respective nations.

This is particularly useful for businesses operating in or expanding to multiple countries. The Employer of Record in India will streamline visa and related paperwork to ensure a smooth travel and immigration experience.

[5] Ensure international recruitment

The recruitment process is a lengthy one, even for the most established employers. But with an EOR in place, it’s easy to ensure recruitment compliance. All processes are carried out with complete diligence and transparency. This makes it easy to comply with the rules and regulations.

EOR takes help from local subsidiaries to help with talent sourcing and staffing processes without any risks to the organization. EOR also helps track candidate performance and also helps with the onboarding process.

To ensure a smooth running of the process, an organization needs to enlist the services of a third-party payroll company to help them stay on top of international payroll operations.

[6] Ensures a happier workforce

Retaining team members is crucial. And timely payments and tax compliances will ensure a happier workforce loyal to the company. An EOR will accomplish this objective by simplifying complex payroll and taxation management without hassles associated with taxes, deductions, benefits, or retirals.

This advantage of an EOR business model helps you stand out in the competitive recruitment market.

[7] Enhanced security

Organizations in the international payroll industry face security challenges every day. While these challenges are not necessarily threatening in nature, they are commonplace and need to be addressed promptly. An EOR model ensures that all security needs have been met with the help of a third-party payroll company.

It helps global HR management to maintain confidentiality with employee records and their sensitive data. The EOR’s robust security systems ensure there are no breaches of such sensitive data and reduce your cost of investing in such cyber security infrastructure.

This way, EOR experts ensure that all processes are carried out without any compromise on the security of the data or the process.

To sign off

These are just a few aspects of EOR. The list is long enough to convince businesses to bring an expert like NSquare IT Offshore Agency on board. Our team can also help businesses expand their operations in foreign lands while ensuring complete legal compliance.