This article’s author shares three reasons your company should have an EOR and discusses the benefits of an EOR company.
Advantages of Having an EOR
An EOR company that acts as the official employer for employees of a remote worksite. There are many advantages to using an EOR, including:
– Reduced administration costs. The EOR handles all the administrative tasks associated with employing workers remotely, such as issuing paychecks and tracking hours worked.
– Reduced errors. With an EOR in charge, there’s less chance of human error resulting in incorrect paychecks or hours worked.
– Increased security. An EOR can ensure that workers are legally employed by the company they work for, providing added security.
Whether you are a small business or a large organization, hiring an employer of record is an important step in keeping your business running smoothly. Hiring an EOR company can help you keep track of all the taxes and other legal requirements that apply to your company, and also ensures that payroll and benefits are handled correctly. If you’re unsure whether or not an EOR would be right for your business, don’t hesitate to get in touch with BIPO. We would be happy to discuss the option with you and answer any questions you may have.