Employer of Record
Ready to take your workforce international? Global payroll services allow you to pay your team members all over the world with ease. Whether you have a few remote employees or a fully distributed team, Borderless is here to help.
What's an Employer-of-Record
An employer of record (EOR) is a global employment services provider that helps you employ people legally in other countries. Your EOR handles payroll, benefits, taxes, stock options, and local compliance, freeing you to focus on your team.
Businesses rely on employers of record to help them hire employees in multiple countries. With an EOR, a company can expand operations into another country without having to set up a local entity, which can be expensive and take months or longer to accomplish. Working with an EOR allows businesses big and small to employ and pay workers in other countries quickly and affordably.
More recently, businesses have started to use Employer of Record structures for team within their core jurisdiction in order to empower team benefits offerings and create smoother hiring & firing journeys as well as accessing the Borderless™ cost optimization structures we have built.
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What does an Employer-of-Record do?
An employer of record employs workers in another country on your behalf. For example, if your company exists in the United States and you want to hire an employee in the UK, you may do so using an EOR.
An employer of record can perform a number of HR and legal functions, including:
- Allow businesses to hire full-time workers in other countries legally
- Run payroll for employees in other countries
- Handle benefits administration for global workers
- Manage international contractors
- Distribute employee stock options across national borders
An employer of record can also help businesses employ workers in other states or regions within the same country. For instance, a company in Texas may use an employer of record to employ a worker in Colorado.
Borderless operates as an EOR in dozens of countries around the world.
Why does my business benefit from using the EOR structure?
1. Reduced costs & Increased EBITDA
We charge a small monthly payroll administration charge but this is only a fraction of the the savings we optimize your business to make.
2. Amplified employee experience
From on-boarding to off-boarding, we give your employees the care and consideration they deserve.
3. Iron-clad I.P. protection
Borderless IP Guard ensures you always retain full ownership of your IP and invention rights.
4. Dedicated local Legal & compliance
We partner or own entities in multiple countries and consult with expert council to scrutinise local legislation for the hiring, firing, taxation.