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Employer of Record (EOR) solution allows companies to hire, onboard, and manage employees in multiple countries without having to establish a local entity. It manages all payroll-related tasks and compliance but leaves the supervision and work assignment to the sponsor organization. It also handles all the legal and admin tasks associated with being an employer, like paying salaries, withholding taxes, managing benefits and processing onboarding. Apart from helping companies avoid the hassle of setting up a local entity, this arrangement helps in reducing legal risks and is also cost effective as the fee paid to EOR may be lower than the costs of fully employing contractors directly. It is widely used by medium and large enterprises looking to expand into new markets. EOR differs from Professional Employer Organization (PEO) in the sense that a PEO acts as a co-employer, while an EOR is the legal employer of an organization’s distributed workforce.

• Skuad
  4.8

  15 Reviews

Professional Employer Organization (PEO) providers help businesses to outsource their human resources functions to mitigate the burden of complex HR administration responsibilities.PEO providers perform various employee administration tasks, such as employee benefits, compensation and payroll administration, workers' compensation, and employment taxes. They are also responsible for processing employee wages, benefits, and payroll while helping in maintaining compliance by keeping track of complex employment laws and offering risk management strategies. This helps to reduce administrative costs, improve productivity, and increase profitability. These services are widely used by small and medium enterprises.

• Skuad Professional Employer Organization (PEO) Providers
  4.0

  1 Review