Is your organization considering an Employer of Record (EOR) service to outsource some or all of your Human Resources function? An EOR is a great solution for companies who wish to expand in the U.S. or abroad without running into the complexities of foreign labor and employment laws. However, in the beginning, it can feel daunting researching the various EOR providers and determining which partner is the right fit for your organization. With that said, here are four considerations on what to look for when comparing multiple providers, and how iWorkGlobal can help.
Pricing transparency is crucial when making the decision to partner with an EOR. In order to adhere to contingent workforce budgets, organizations need clarity around spend when engaging independent workers. iWorkGlobal provides a clear understanding of all taxes, markups and additional costs for any worker engagement, anywhere in the world.
There are several employers of record from which an organization can choose – some offering low costs and lightning-quick onboarding. While these factors are important in evaluation, deep expertise and knowledge regarding employer of record services should be a determining factor when evaluating partnership. At iWorkGlobal, our experts collectively share over 70 years of experience in the industry, and have been providing global payroll solutions since 2011.
It’s important when engaging remote workers that an EOR partner is responsive when dealing with issues such as onboarding, offboarding or terminations. With U.S. based and on-the-ground international teams, iWorkGlobal employs deliberate communication expectations with a focus on transparency. In practice, this translates to a two-hour maximum response time from staff for all inquiries posed.
References and Reputation
Any organization exploring the use of an Employer of Record should seek a variety of references from which they can seek answers to the above criteria. Reputation is everything, and it’s an unofficial slogan at iWorkGlobal. We know our reputation for world-class service precedes us and to maintain this, engage in a formal training program for all staff members conducted twice a year.
At iWorkGlobal, our team of experts are here to help you expand down the hall, across the country, and around the globe. With over 70 years of combined industry experience, we have helped companies of all shapes and sizes confidently build and sustain thriving contingent workforces. Find out how you can get started by checking out our three simple steps!
Ready to dive deeper and understand how an EOR partner can help your business expand domestically or internationally, check out our Guide to Global Expansion!