The Role of an Employer of Record (EOR) in Managing Payroll
Expanding globally or hiring remote employees across different countries comes with complex legal and administrative challenges. Managing payroll, taxes, and employee benefits across multiple jurisdictions requires in-depth knowledge of local labor laws, tax regulations, and compliance requirements. This is where an Employer of Record (EOR) plays a crucial role. An EOR acts as the legal employer for a company's international workforce, handling all aspects of employment compliance, including payroll processing, tax deductions, and employee benefits administration. This solution allows businesses to hire employees in different countries without establishing a legal entity, ensuring compliance with local labor laws while streamlining HR operations. Understanding the Payroll Responsibilities of an EOR Payroll management is one of the most challenging aspects of global employment. Different countries have varying payroll structures, payment cycles, and tax obligations. An EOR takes o...