Global Employer of Records Services

Features of Global Employer of Record (EOR) in Singapore

Global EOR is a separate company that helps various businesses and firms manage their international employees. It is a kind of employer for employees across borders of your business in different countries.

Today, hiring skilled professionals from around the world is one of the most critical steps in business growth and development. However, hiring foreigners entails legal and HR issues, financial transactions, etc. It is all of these points that EOR Singapore’s global service deals with. However, any business needs to understand how things work before going global.

Extensive local expertise

Once you have selected the right candidate for your organization, EOR global services will start managing and providing comprehensive support. The scope of EOR services includes:

preparing the employment contract according to the rules of the candidate’s country;
monitoring compliance with all benefits requirements for your international employees;
assistance with benefits and insurance, as well as vacations.

However, you should not confuse EOR services with PEO ones. These are two different concepts, which we’ll talk about separately.

Legal employer

Companies usually turn to registered employers (EORs) or professional employer organization (PEO) to effectively recruit employees from other countries. But there are some nuances.

For example, an EOR can hire employees in other countries without setting up its own business in that country or having joint employment status. A PEO requires you to be a legal entity in a particular country or region; it is only under these conditions that cooperation is possible.

Working with a PEO may be a more affordable option if you are legally registered in a particular country. If you are not a registered legal entity, it is much cheaper and more comfortable to work with an EOR.

International Employer of Records

The employer of record is responsible for setting up its legal entity in the country of search on behalf of the client, which is very comfortable for the latter. Delegation always makes life easier, including for companies. It also takes care of:

payroll calculation;
employment contracts;
vacation;
taxes and much more.

The business owner is left with the day-to-day work and control of the routine affairs of his employees. It facilitates the development of your own business because you can not be distracted by the peculiarities of cooperation with remote workers.

Human resources services

The productivity and profitability of every business depend on the people who make up the team, as well as the leadership skills of the owner. Global Employer of Records in Singapore provides professional services to every business owner, including:

detailed analysis of the labor market;
strategic recruitment planning;
corporate training;
personnel payroll accounting;
employee management;
control over fulfillment of all requirements according to the company’s compliance.

Such comprehensive support from employer of record allows you to create a strong team of professionals and build a successful business with less risk.

Expanding your business operations

Expanding a business can benefit owners, from increasing market share and customer numbers to reducing costs. It can cause concern if you don’t have the right tools to implement an expansion plan.

Expanding your business usually happens when a company has reached a certain growth point and is looking for additional opportunities to increase its revenue. There are different directions and formats possible here, namely:

acquisition of new assets;
opening additional business units;
providing new products or services;
recruitment of sales personnel;
increasing the number of advertising projects;
finding new markets, and much more.

The owners must conduct market research, write a clear plan, make financial projections, and take action to expand their businesses.

HR for international companies

Candidate counseling for international companies is also a priority for EOR Singapore. It provides detailed information on issues such as:

labor law;
drafting agreements with shareholders and partners;
execution of franchises and licenses;
merger or acquisition of a company;
registration of a new business;
preparation of agreements.

Such services allow you to delegate some of the issues of the employer of record and concentrate on those points where the company’s owner is competent. The outsourcing agency will handle all recruitment issues and help the new employee adapt to the new team.

Global solutions advisors

The specialized consulting services in Singapore are available to business owners, medium-sized companies, and foreigners. It is necessary to review the information on the website of the consulting center to select the appropriate services. The assistance of HR for international companies is available to clients who have applied to lawyers for the first time or have not contracted any legal advisor before but wish to do so now. An agency that works in human resources services can also apply for assistance.

The company continues further cooperation with clients, maintaining trustworthy and reliable relations and creating individual solutions to get the best results for each specific request of remote working. Applying different approaches and tools allows to work more efficiently and remain among the best service providers in this sphere.