An Employer of Record (EOR) is a legal entity that employs staff on behalf of another company, usually operating in a different country. It helps companies hire globally without the hassle of setting up local entities, thus effectively dealing with all the responsibilities associated with employment.
As more businesses tend to go global, the issue arises of managing the legal and administrative aspects of employing staff in foreign countries. In order to make this complicated process smooth, companies can use EOR services which will free you of the legal complexities of hiring in another country, allowing you to focus on your primary goals. Businesses looking to hire in the UK, can take full advantage of the strategic position of the area in the global market through the use of an EOR service, as they can reap the rewards of the highly lucrative market without the worries of navigating with its robust legal framework.
EOR services make the whole hiring process simpler which sets it apart from the traditional way of international hiring. Traditional hiring models involve setting up a legal entity in the country where the company is looking to hire. This would require a lot of time, effort, and capital. Firstly, to set up a legal entity in another country would require you to understand the local laws and regulations, and stay in compliance with them, as any non-compliance would lead to hefty fines as well as negatively impact the brand image. Other than that, when moving abroad it is vital to be aware of the local customs, the culture, the norms and values of the people otherwise it would be extremely difficult to settle in. Remire’s EOR Services in UK simplify it all. With Remire there’s no need to deal with these complexities, as they mitigate all these risks acting as a local partner in foreign settings while also ensuring that you stay compliant.