article thumbnail

Employer of Record: A Guide to Global Expansion

Global Expansion

However, businesses can significantly mitigate these risks by working with an Employer of Record (EOR). billion in 2020 to $394.33 An Employer of Record makes hiring, managing, and paying international employees easier while seamlessly expanding into new markets. billion in 2022.

article thumbnail

Understanding the Ecosystem of Managed Direct Sourcing Suppliers

LiveHire

The staffing partner may also offer payrolling services and act as the employer of record, or that role may be performed by another provider. Further, it’s important to be aware that whoever does the payroll will be the ‘employer of record’. Can you succeed without Payroll Partners? Can you succeed without an MSP?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Definitive Guide to Employer of Record (EOR) Services

Global Expansion

Utilizing an Employer of Record (EOR), however, is the smarter, simpler, and speedier route. In 2020, 32% of finance executives engaged with a global EOR. Here we take a deep dive into the many benefits of securing Employer of Record services.

article thumbnail

Managing Freelancers With EOR And HR Tech

HR Stacks Blog

Integrating Employer of Record (EOR) services with advanced HR technology offers a streamlined solution by handling legal employment responsibilities, payroll processing, and benefits administration on behalf of client organizations. What is An Employer Of Record (EOR)? Statista forecasts that by 2027, 86.5

article thumbnail

How To Attract Top Talent Internationally: 7 Strategies

HR Stacks Blog

Seamless immigration and compliance processes via Employer of Record (EOR) partnerships mitigate legal complexities and administrative burdens, while localized recruitment marketing, using region-specific language, imagery, and platforms, boosts candidate engagement.

article thumbnail

Work tech investments: Why HCM is leading so far

HRExecutive

Q1 2024 witnessed an uptick in investment, compared to quarters two through four of 2023, which LaRocque says aligns with levels observed in certain quarters of 2020 and earlier, before the record-setting spike that was 2021 and early 2022.

article thumbnail

Can EU citizens work in the U.K. after Brexit?

Global Upside

After a tortuous path, Brexit was finally implemented when the United Kingdom left the European Union on January 31, 2020. As the transition period commenced, the COVID-19 pandemic and resulting economic uncertainty took everyone by surprise and dominated business leaders’ attention throughout 2020. If your U.K.