"Ontop provides employers with a fully integrated solution to manage their employees, including all aspects of payroll and HR. With our team at the helm, you can focus on what matters most by leaving everything else up to us."
What is an Employer Of Record (EOR)?
Hiring an international employee can be difficult and time-consuming. You'll need to set up contracts, deal with different legal systems, and provide benefits like health care or vacation days—the list goes on!
But all this hassle is a thing of the past if you use EOR services, which enable companies in one country to hire someone else from another nation without having them become independent contractors by themselves first; it's easy as pie for your company because everything happens online.
An Employer of Record (EOR) is a third-party organization that hires and pays an employee on behalf of another company and takes responsibility for all formal employment tasks, allowing you to have a global team in countries where you don't have a legal entity.
What does an EOR do?
With an EOR (Employer Of Record), the client company hands over employment responsibilities to a third party that handles payroll solution and administrative tasks. An EOR also ensure compliance with local laws and may conduct talent searches or vet candidates on behalf of their clients.
Ontop (Employer Of Record), agrees with the Client to employ a worker and act as its employer. Nevertheless, the work performed by the employee is done so in favor of the Client. The client is who benefits from the employee's work, but the EOR is legally the party responsible for complying with the obligations of an employer. In this model, Ontop acts as an EOR between the Company and the employee.
When to use an EOR?
There are many reasons to use an employer of record when looking for employees:
- Your company is seeking for expansion and wants people on the ground in another country
- You need compliance with local labor laws
- You want full-time workers without opening up a subsidiary
- You want significant savings downline while still meeting compliance demands
Why use Employer Of Record?
The idea of working with a reputable business partner offers many advantages. Employing an EOR allows the company to manage its time efficiently.
The client can experience immediate effects on:
- HR operations
- Employee benefits
- Local payroll
- Compliance issues relating to the domestic and internationally applicable laws
Ontop offers the same services to several nations across the United States, Canada and +15 countries in Latin America. The reformation of the company's cost dynamics allows for improved financial performance and savings.
The Role of an Employer of Record
Employer records are a business entity based on a governmental entity placed in a governmental relationship between employees and employers.
Therefore, despite its duties, the Employment and Labor Commission does not have the responsibility to participate in daily work activities.
Why International Expansion Is Critical for Business Growth?
Expanding internationally is a great way to grow your business and increase revenue. You'll be able to expand into new markets and build credibility with customers by being seen as a successful company that can deliver on its promises.
You can also see benefits in profitability, productivity, performance, engagement and even retention, facts that would help your business growth.
Ontop - the Benefits of Hiring Internationally
Hire, onboard, and pay your team anywhere in the world with Ontop without opening up a legal entity. We've got everything you need!
We can seamlessly integrate & streamline HR processes for any size business.
Thanks to our EoR solution, from taxes to payroll, from health insurance compliance solutions to all that tedious paperwork Ontop get you covered, saving businesses time by doing it all behind the scenes with our team of experts in every region around the world who will offer a range of services that includes legal advice on contracts & labor law.
Ontop is aware of local employment laws, handles its business with the utmost professionalism and offers you access to top-notch professionals and employees at your fingertips!
You can also read 5 reasons for companies to hire remote workers
If you're looking to grow your company and build a global team with the best international talent, Ontop can help.
We offer candidates any form of employment with competitive benefits and compliance with local regulations.
And because we take care of all the paperwork for you, onboarding employees is fast and easy.