Remote work has truly opened up the global talent pool. And companies are increasingly hiring international workers. While this new option does have its advantages, you can't ignore the complexities of hiring overseas. Cross-border team management often brings challenges such as payment delays, navigating global tax and legal compliance, and addressing data security fears. That's where an employer of record (EOR) service like Teamed steps in.
How Do Best EORs Help You Hire Global Talent?
An EOR is a third-party organisation that hires employees on your behalf and takes over all HR/administrative tasks. They become your partner in hiring international talent.
You don’t need to deal with the hassles of setting up a legal entity in the country where you want to build a team.
While many EORs are branching out into recruitment, we at Teamed firmly believe that the best EORs remain true to their core strengths, focusing on delivering:
- Swift and personalised support in contracts, onboarding, compliance, and benefits.
- A streamlined and user-friendly solution.
- The right people and processes in place to simplify global employment for their clients.
In this post, we will look at the best EOR service companies with detailed features and reviews.
But, before that, let's find out what features to look for in an EOR.
What Matters When Selecting the Best EOR Service Provider for Your Business?
Selecting the best EOR can indeed be a steep learning curve. As you explore various EOR websites, you're greeted with a plethora of features and services. Assessing each of these to determine how well they align with your specific needs can be a challenging task.
To simplify your decision, we have gathered nine key factors to check when choosing an EOR.
1. Entity Presence
Do they have their local entities in their operating countries, or do they work with third-party vendors?
You can observe a change in customer service or delay in communication when third parties are involved.
Having local entities also helps in compliance with labour laws, tax regulations, and other legal requirements.
2. Countries Supported
Are they available in the countries you want to hire, and how experienced are they in that region?
3. Locally Compliant Contracts
Do they help in creating contracts in line with local labour laws and regulations?
4. Payroll Support
Do they handle payroll for international employees (including calculating salary, withholding deductions, and processing payments based on the pay schedule) ?
5. Taxes and Compliance
Do they help with tax filing, paperwork, and compliance requirements?
6. Localised Benefits Packages and Administration
Do they offer benefits packages as per local labour laws and expectations of employees in that region?
7. Customer Support
Do they have a dedicated support team well-versed in local labour laws, tax regulations, and HR practices to address the queries, and how responsive is the team?
8. Pricing
Is the EOR transparent about its pricing and services covered in each price tier?
9. Speed and Time to Set Up
How quickly can they onboard your employees and set up global payroll systems for them?
Why Teamed is the best EOR Service to watch out for in 2023 and beyond?
Teamed is the Best yEOR Service Through Affordability and Superior Service Levels
Antony Vallee, a serial entrepreneur, observed the challenges of hiring cross-border employees. Not only did he find the process time-consuming and complex, but he also observed remote employees felt isolated. He tapped into this issue and started Teamed, an EOR aiming to provide the right HR support to international talent. Be it with employee onboarding or access to local HR experts for addressing queries.
Highlights
Pricing (As of September 2023)
- £29 per contractor per month
- £199 per employee per month
2. Deel: The EOR for Enterprises Seeking Comprehensive Reach with Large Budgets
Alex Bouaziz and Shuo Wang, two ex-MIT students, launched their businesses after college. There was one thing they both struggled with in their respective ventures: hiring international employees. The duo came together to launch Deel. Since then, Deel supports remote work and provides EOR solutions to companies.
Highlights
Key Features
Pricing (As of September 2023)
- Employee: Starting at $599 per month per employee
- Contractor: Starting at $49 per month per employee
- Global payroll: Price quote shared on request.
3. Remote: The EOR for global remote teams
Remote is another EOR platform which supports remote work. They started right before the COVID-19 pandemic and grew as remote work became more common. The company is currently offering its services in 50+ countries.
Highlights
Pricing (As of September 2023)
- Employee: Starting at $599 per month per employee
- Contractor: Starting at $29 per month per employee
- Global payroll: Price quote shared on request.
4. Omnipresent: The EOR that combines human expertise with automation
Matthew Wilson and Guenther Einsinger met at an entrepreneurial event and picked up the problem of global hiring. Together, they launched Omnipresent and the company is growing rapidly and has increased its services to 160+ countries.
Highlights
Key Features
Pricing (As of September 2023)
- Lack of transparent pricing; quote available only on request.
5. Globalization Partners: The EOR for ADP TotalSource customers looking to hire overseas
Nicola Shain, a traveller herself, observed how many talented people do not have access to good opportunities. She started Globalization Partners in 2012 as an offline service to create more job opportunities. Eventually, the platform was automated and the EOR is currently raising funding to promote growth.
Highlights
Pricing (As of September 2023)
- Lack of transparent pricing; quote available only on request.
6. Papaya Global: The EOR for companies needing global payroll tools
Eynat Guez, Ruben Drong, and Ofer Herman started Papaya Global in 2016 to support global payroll only. The company wanted to help businesses process payroll as local laws for their employees
Pricing (as of September 2023)
- Employee: Starting from $650 per month per employee
- Contractor: Starting from $2 per month per contractor
- Supplemental benefits packages: Starting from $190 per month per employee
- Full-Service Payroll: Starting from $12 per month per employee.
7. Rippling: The EOR with automated HR processes
Park Cornard, a serial entrepreneur, had an insight into HR processes through this previous startup, Zenefits. After exiting Zenefits, he launched Rippling, aiming to bring all HR processes of hiring and managing international employees into one platform. The platform is continuously launching many integrations to bring all HR data into one platform. The company has been growing since COVID-19 and went global in 2022.
Highlights
Pricing (As of September 2023)
- Hidden pricing; custom packages based on the services required
Looking for the Best EOR for International Expansion?
When choosing an EOR to help you expand your business, you need dedicated human support rather than an automated platform. The best EOR should enable you to swiftly onboard employees and assist you in undertaking vital HR and administrative tasks compliantly.
Teamed is trusted by 220+ companies around the world for its quick and easy onboarding process, global HR and payroll, localised benefits, and local tax and compliance. Unlike the rest, our affordable pricing makes us a lucrative option for you in your global expansion plans.
Our experts personally guide your employees through onboarding over a call and, within 24 hours, we share a compliant employment contract to complete the process. We are also available 24/5 to answer any questions you may have.
“Through our working abroad policy, we’ve been able to give employees a flavour for living in a new country and experiencing new things, while still remaining employed by MyTutor.” - Michael Cole, MyTutor
Book a demo now to find out how you can onboard international employees the right way.
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