By Paul Sleath, CMO at TopSource Worldwide
TopSource Worldwide is a leading provider of total employer services for all businesses looking to expand internationally.
We’re on hand to provide an array of employer of record (EOR) services — spanning across HR, legal and consultancy — in hundreds of countries around the world.
What does an EOR do?
An EOR is an outsourced company that provides complete HR support and employment services, covering anything from non-confidentiality and restriction clauses to salaries, bonuses, maternity/paternity pay and much, much more.
Above all, an EOR is there to ensure your business stays compliant with the dozens of different regulations in each of your expansion locations, guaranteeing you remain on the right side of the law at all times.
You’ll often see the term ‘professional employer organisation’ or ‘PEO’ thrown around in this context as well. In the United States, this term is generally used to describe a co-employment model whereby both the client company and the PEO have rights and obligations as an employer (like an EOR). The key difference with co-employment is that the client company must be a legally registered entity in the country where the employees are based.
Outside the states, a PEO (often known as an ‘international PEO’ or ‘global PEO’ to avoid confusion with the US term) is essentially the same as an EOR. They take care of all the legal and personnel-related functions while you continue to manage your employee’s day-to-day duties and activities.
How could you benefit from an EOR?
Trying to juggle running an international business while managing hundreds — or perhaps thousands — of employees all around the world is a mammoth task. So, why bother with the hassle when you can outsource everything to an EOR and focus on what you do best?
Putting your trust in an EOR allows you to receive hassle-free management of all your employees in every country. Not only will an EOR ensure you stay compliant with the various overseas statutory requirements, but you’ll also be relieved from dealing with contracts, hiring, employee benefits, payroll and termination if required.
Plus, an EOR helps you source the best employees from all corners of the world — meaning you’re never limited by distance or location!
Which EOR services does TopSource Worldwide offer?
We’re experts in providing world-class EOR services thanks to years of experience and knowledge across a considerable number of regions. From bespoke HR packages to full consultancy services, we’ve got a solution for your international expansion.
An EOR can act as your outsourced HR department. Having a thorough and responsive HR team is vital to safeguard the rights and wellbeing of every member of staff. And as each company is different, we’ll tailor our HR services to suit your business to a tee.
Our expertise spans both short and long-term HR, giving you total visibility over your employees’ needs and wishes.
Keeping compliant across multiple jurisdictions is no easy feat, particularly when regulations change so frequently and every country has its own playbook.
Global EOR services mean compliance becomes automatic. An EOR will guarantee your business stays on the right side of the law, so you don’t have to worry about the varying statutory requirements across hundreds of countries and cultures.
The legal prong of EOR services includes handling sick pay, enhanced employee benefits and arrangement of health insurance (if required) for your employees worldwide.
Even the most experienced corporations face challenges when expanding overseas. However, it’s an EOR’s job to be an expert in international employment and remove the headaches associated with growing your business. Whatever you require, an EOR is on hand to support you.
At TopSource Worldwide, we provide all kinds of support — from light advisory services to comprehensive, end-to-end solutions and project management. We’ll work with you to set realistic and achievable targets that’ll propel your business in the right direction, tweaking and refining any aspects of your organisation that need a little polish.
Which areas do we cover?
TopSource Worldwide’s EOR coverage is vast, spanning five continents and hundreds of countries therein.
What’s more, our knowledge of each nation is extensive and detailed, meaning your international expansion needs are met efficiently and accurately. If you’re looking to expand into new markets across the globe, we’re here to support you where you need it most.
TopSource Worldwide is your trusted global EOR. To find out how we can help with your international expansion, get in touch today.