Have you ever wondered how companies can expand internationally without setting up local offices or navigating complex labor laws? Employer of Record (EOR) services make it possible. In this article, we will explore how Employer of Record works, their key benefits, and the value they provide to businesses.
The role of an employer of record: how does it work?
An Employer of Record (EOR) is a third-party service provider that acts as the legal employer for part or all of a company’s workforce. While the company retains control over the day-to-day tasks and strategic direction of its employees, the EOR handles the administrative and legal aspects of employment. This includes processing payroll, managing employee benefits, ensuring tax compliance and compliance with local labor laws, which can vary from country to country.
Explore WTS Energy EOR service
At WTS Energy, we specialize in EOR services tailored to your needs. Explore our solutions here and take the first step toward seamless workforce management.
Key services provided by an EOR
Key services provided by an EOR include:
Payroll Management
EORs process employee salaries, handle tax deductions and ensure timely payments in accordance with local tax laws.
Work Permits and Visas
They handle the legalities of obtaining permits for international hires, ensuring compliance with immigration regulations.
Labor Law Compliance
EORs ensure that employment contracts comply with local standards, including working hours, leave entitlement and termination policies.
Benefits Administration
EORs administer benefits such as health insurance, pensions and other statutory requirements, tailored to the specific laws of the region.
By taking on these responsibilities, an EOR allows businesses to focus on growth and managing their distributed workforce effectively.
The process of partnering with an EOR
Partnering with an EOR involves several key steps to ensure a smooth and productive relationship. Here’s a breakdown of the process:
Legal compliance and risk management
As mentioned above, Employer of Record (EOR) services help companies minimise compliance risks by managing payroll, benefits and HR tasks in strict compliance with local labour laws.
At WTS Energy, we ensure compliance through our experienced local teams, and tailored solutions for the energy and infrastructure sectors.
Talk to an expert today
We will find a solution that fits your company’s needs. It’s free.
Tools and technology used by EORs
Normally, EORs use advanced tools and technologies to streamline workforce management. Cloud-based HR platforms, automated payroll systems and compliance monitoring software are common technologies used to manage employee data, process payroll and efficiently navigate complex regulatory requirements.
However, in high-risk sectors such as energy, technology alone is not enough. Imagine managing HR and payroll for a team on a remote oil rig or in a high-pressure power plant. In these environments, fast and reliable decision making is important. Navigating complex software at critical moments can delay solutions and potentially escalate operational risks.
At WTS Energy, we combine advanced technology with a human-centred approach to address the unique challenges of the energy industry. While our systems streamline administrative tasks, we emphasize direct communication and personalized support. The direct communication ensures immediate response to issues, building trust and enabling tailored solutions that adapt to unforeseen challenges.
Cost implications of using an EOR
Using an EOR involves service fees, but it eliminates the costs of setting up local entities, managing compliance, and handling payroll. This reduces legal risks and administrative burdens, allowing businesses to focus on growth.
Get a quote today
Are you ready to simplify compliance, payroll, and HR tasks while focusing on growth?
If this sounds like what you need, get a quote from WTS Energy today and let us support your international expansion with tailored expertise and seamless solutions.
