How Employer of Record (EOR) Services Can Streamline Your Business
Employer of Record (EOR) services are rapidly gaining popularity across the professional world as a great way to streamline and simplify a business' processes when it comes to managing employees.
By utilizing EOR services, you can easily expand your business into new regions, streamline your onboarding and hiring processes, and manage employee payroll and taxes — all without having to worry about the complexities of local employment law.
Expanding into New Regions
EOR services simplify international hiring by removing the need for businesses to set up new local entities when expanding globally. Instead of having to invest resources in establishing new international entities, organizations can use their EOR partner to hire employees in new regions on their behalf.
The employer will still retain full control over the day-to-day management of these employees, but the EOR partner is responsible for work permits, visas, country compliant payroll and taxes, adherence to local laws, and other risks.
Atlas owns and directly manages more than 160 in-country local entities worldwide to support your expansion into new regions.
Streamline Hiring and Onboarding
EOR providers can speed up your hiring and onboarding processes significantly by saving you months of compliance administration.
Through an EOR provider, you can commence operations in a new country within a few weeks. Say for example, if you need to hire a remote working team in China — you simply provide the EOR provider with the information of who you want to employ, along with remuneration details. The EOR then handles everything in the background such as navigating local laws and facilitating the hiring of the new employees.
Atlas can serve your hiring needs by providing a unified view of your international expansion strategy on its single dashboard. Furthermore, the platform tailors itself to your needs by recommending regions that suit your hiring goals.
EOR also makes onboarding new hires easier by streamlining the process. The EOR provider handles all the paperwork for onboarding new employees so that you can focus on running your business. Thus, EOR removes the cost, time, and stress of onboarding international employees.
Some businesses ignore the benefits of having a global workforce as they are put off by the complex processes and paperwork associated with hiring and onboarding international employees. EOR gives businesses more global flexibility by eradicating these challenges through streamlining the hiring and onboarding process.
Atlas makes onboarding new hires easier by streamlining the process. Our onboarding calendar sets out key delivery dates for each new employee and tracks all the stages in the hiring process, from making the job offer to gathering payroll data. The platform is automated so that tasks become checked off once they are completed and clients are sent email reminders if they neglect any stage of the onboarding process. This is beneficial for your new hire experience as nothing is left to chance.