Hiring internationally can be tricky with compliance, labor laws, and payroll. These challenges can slow you down and drive-up costs.
An Employer of Record (EOR) lets you hire globally without the hassle of setting up a local entity. Stay compliant and let the EOR handle the details.
EOR services come with fees, but the right strategy can slash those costs. Choose wisely and optimize your global hiring process!
An Employer of Record (EOR) is a third-party entity that employs individuals on behalf of a company. This organization manages employment agreements, payroll, social security contributions, and adherence to local labor regulations. Even though employees work for the hiring company, their official employment is with the EOR.
EOR services can be broken down into three key areas:
HR Activities: This Involves onboarding, managing contracts, and handling employee inquiries.
Payroll and Invoicing: This function covers payroll processing, distributing salaries, and invoicing clients.
Support Handling: This includes addressing employee support requests and offering continuous assistance.
Typically, EORs like Deel, Remote, Velocity Global, and Globalization Partners charge an initial setup fee, along with a monthly service fee that ranges from $300 to $1500.
Employee onboarding is essential for ensuring that new hires get up to speed quickly and efficiently. By drafting legally compliant contracts and completing necessary administrative tasks, companies can ensure a smooth transition for employees as they start their new roles.
Visa and employment management help businesses hire globally without hassle. By taking care of entry permits, visas, medical screenings, and necessary documentation, companies ensure their employees are fully compliant and ready to work in any location.
Managing payroll and expenses efficiently is key to employee satisfaction. With accurate payroll processing every month and rapid reimbursement for expenses, companies can ensure their workforce is happy and productive, fostering a strong, trusting relationship.
Staying compliant with local labor laws and providing essential health insurance and social benefits is a vital responsibility for employers. This ensures employees are protected and that the company avoids any legal risks while fostering trust with its workforce.
With dedicated, locally-based HR and administrative experts available 24/7, businesses can ensure that employee issues and administrative tasks are handled quickly and efficiently, ensuring smooth daily operations and employee satisfaction.
HR Activities: When it comes to HR activities, like welcoming new hires and getting them all set up, there’s just a small setup fee involved. For instance, in India, it’s a mere $200.
Payroll and Invoicing: Each month, you’ll only shell out a payroll fee that ranges between $60 and $150 per employee, depending on where they are in the world. This fee takes care of all your payroll processing and employee invoicing needs.
Support Handling: Got employee questions or local issues? No worries! Employee support is completely free and ready to assist.
So, the only regular cost you need to think about each month is that payroll fee. All those important EOR services like HR activities and support handlings are either part of the setup fee or come at no cost whatsoever!
| Feature | Other EOR Providers (e.g., Deel, Remote ) | Globaine PEO | Why Globaine PEO Stands Out |
|---|---|---|---|
| Cost (Setup & Monthly) | $1000 Setup + $500 – $1500/month Per Employee | $250 setup + $60-$150/month Per Employee | Save Up to 90% In Costs |
| Payroll Cycles | Single Cycle Per Month | Two Cycles Per Month | Boosts Cash Flow Efficiency |
| Expense Reimbursement | Delays Of 30-45 days | Reimbursed Within 24 hours | 10x Faster Reimbursements |
| Currency Exchange Fees | Hidden Margins, Lack Of Transparency | 0% Margin, Full Transparency | Eliminates Hidden Costs |
| Onboarding Time | Lengthy Process (4-6 Weeks) | Quick process in 10-14 days | 50% Faster |
| Support Quality | Limited, Generic, and Delayed Support | 24/7 Dedicated Local Support | Unmatched Employee Satisfaction |
| Country | Setup Fee | Monthly Payroll Fee (Per Employee) | HR Activities | Support Handling | Total Cost |
|---|---|---|---|---|---|
| India | $250 | $120 | Included in setup fee | Free | PAYROLL FEE ONLY |
| UAE | $299 | $150 | Included in setup fee | Free | PAYROLL FEE ONLY |
| Brazil | $250 | $100 | Included in setup fee | Free | PAYROLL FEE ONLY |
| Mexico | $300 | $80 | Included in setup fee | Free | PAYROLL FEE ONLY |
| United States | $500 | $150 | Included in setup fee | Free | PAYROLL FEE ONLY |
Learn more about the countries we handle and how we can help you expand worldwide.
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