What is an Employer of Record (EOR)?

 Introduction Being a business owner, it must be one of your ambitions to expand your organisation’s global presence. Of course, the “why” that fuels you to attain this goal is not something obscure. After all, enhancing the global footprint of your venture will enable you to mark your presence in a new market, reach a wider customer base and broaden the talent pool. For any growing business, branching out to a new country is one of the most crucial key metrics for success, if not the only one. If your plans of global expansion are facing a hurdle from the complex local compliances of the new country and administrative difficulties, partnering with an Employer of Record or EOR service partner is going to aid you miraculously. What is an Employer of Record (EOR)? An Employer of Record (EOR) is a third-party organization or entity that takes charge of being the legal employer of your workforce and shoulders the responsibility of completing all employer-related obligations and tasks o...