So, you want to build a team that ‘works from anywhere‘. But is the thought of cross-border logistics putting your head in a spin?
If only there was a way you could access great talent all over the world, while someone else took care of all the legal and HR side of managing a globally-dispersed team…
Well, thankfully, there is—and they’re called EORs (Employer of Records).
Below, we cover everything you need to know about them—from what they are to why they’re becoming so popular these days.
First thing’s first—what on earth are EORs?
An Employer of Record (EOR) is a third-party business that hires people on behalf of your business.
They’re legally responsible for things like:
- Payroll (in the UK and abroad)
- Employee taxes
- Visa applications
- Setting up contracts according to local employment laws
- Hiring and ending employment
- Doing background checks
How do EORs work?
Let’s say your team works in different countries. Instead of managing all the different payrolls and local employment laws in-house, you partner with an EOR, and they take care of all that for you.
“What makes them different from working with a law or accounting firm?”
When you work with a law or accounting firm, it looks like this:
You hire your team > You outsource payroll and logistics to the firm.
With an EOR, it’s like this:
You partner with an EOR > They hire someone to work as a member of your team > As that employee is hired by the EOR, they are responsible for payroll, logistics and all of the other responsibilities listed above.
What are the benefits of EORs?
You get a dedicated team member
When you hire through an EOR, you get a dedicated member of your team. They’ll fulfill the role you set. They’ll communicate on your company Slack. They might even join you for the annual team retreat. It’s just like having an employee, except you don’t have to deal with the HR and legal stuff.
Avoid legal pitfalls
Working with teams across borders can come with some challenges, especially from a legal perspective. EORs are fully responsible for paying the team and adhering to all the legislation and tax rules in different countries. So, if you’re completely flabbergasted by all this stuff (we can’t blame you), it’s no problem.
You have big plans to scale your business globally and give your team the option to ‘Work from Anywhere’, but that would mean growing your HR team and setting up corporate entities in various countries. That takes time and money.
When you hire through EORs, you can start going global from the word ‘go’.
Access global talent
One of the biggest benefits of EORs? All of a sudden, that talent pool goes from London to Lisbon, Los Angeles or Lagos—the entire world. Think of all the amazing people who could join your business then?!
Insurance? It’s covered
EORs aren’t just responsible for payroll, they’re also fully responsible for each employee’s insurance. That’s one less thing for you to think about.
You get ‘ready-to-work’ team members
EORs typically handle onboarding—so, when a new person joins your team, they can hit the ground running.
Who are the best EORs to work with?
As we mentioned above, an EOR is a partner—and so, the best EOR to work with is the one who reflects the values and the culture that you’ve built in your business. It’s truly different for everyone.
If you need somewhere to start, check out our recommended Partnership Hub. (We promise, they’re nice!)
Unleash your employees’ ability to work from anywhere
With the payroll taken care of, how can you make that experience for your team even better when they’re working from anywhere? Introducing…The Hubble Pass.
Now your team really can ‘Work from Anywhere’.