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In the increasingly digitized world, it has become common for people to work fully or partially remotely. Companies are constantly looking for international expansion and hiring remote talent to grow their business. However, employers must be careful with remaining compliant with varying local tax and labor laws. That’s why employer of record (EOR) solution providers like Remote allow companies to access global talent by helping them remain compliant with local laws.
An EOR is a third-party company that assumes the responsibility for any full-time employees or independent contractors your company hires in countries or states where you do not have a business entity or subsidiary. Engaging such a company absolves you and your business from any financial and legal risks associated with hiring international workers. It also ensures that you access a global pool of diverse talent. Therefore, choosing the best EOR for your business is integral to the success of hiring global talent.
What is Remote?
One of the best EORs for your business is Remote. The EOR service provider enables companies of all sizes to employ global teams. Remote handles human resources tasks such as international payroll, taxes, benefits, and compliances. With local legal entities in more than 120 covered countries, Remote provides companies with an extensive pool of global talent. It also maintains a proprietary network of in-country payroll providers, labor law attorneys, accountants, and HR specialists. To achieve more transparency, speed, flexibility, and cost efficiency for companies, the vendor operates directly in the job market without intermediaries.
The primary services that Remote offer businesses include:
- Hiring and onboarding remote talent
- Preparing compliant and legally binding contracts on behalf of your company
- Ensuring that all hiring of contractors and employee complies with local labor and tax regulations
- Providing contractors and employees with insurance and benefits
- Managing employment and payroll features, including paid leave, tax withholdings, and payments in local currency
- Assisting with contractor and employee visa applications
- Making sure your business is compliant with local termination regulations before laying off independent contractors
What Makes Remote Unique
Remote stands out as an EOR service provider, helping growing businesses to employ talent from around the world. The EOR solution provider may be the right fit for your business when you want to hire talent internationally, but you are not willing or ready to establish a legal entity in a foreign country. Some of the vendor’s key features include:
- Owned Local Entities
- Contractor Management
- Salary Simulations
- Compliance management
- Global Payroll and Remote Enterprise plans
- Intellectual Property Protection
- Visas and Immigration
- Refugee discounts
- Startup and nonprofit discount
As an Employer of Record Solution, Remote is specially designed for remote teams and employers of remote workers. With fully owned legal entities in countries covered, the platform allows companies to work directly with Remote instead of relying on third parties to hire and manage employees.
Is Remote EOR Right for You?
If you are looking for the best EOR for your business, your answer may be lying with Remote. The EOR vendor can help your business streamline its remote hiring process, offering you one of the most cost- and time-effective solutions to hiring an international workforce. Although Remote is not the most budget-friendly EOR solution, the platform has an elaborate flat fee structure. Businesses know how much they will pay monthly without the worry of billing surprises.
Remote is a global human resource solution that provides top-of-the-line digital support to startups, multinational corporations, local and international mega-retailers, and small & mid-sized businesses (SMEs). One of the EOR provider’s features is the international employee API, which enables employers to connect their staff and payroll data across the entire HR stack. This gives your business more flexibility and control over your global talent management.
The Bottom Line
Employer-of-record service providers offer companies the ability to hire full-time employees and independent contractors residing in virtually any country. As businesses look to hire global candidates, they also need to comply with local labor and tax laws where their employees and independent contractors reside. Utilizing the solutions of an EOR provider like Remote can quickly and effortlessly expand your business by allowing you to hire and retain the best talent in the world.
