We partnered with Remote Work Advocate & Revenue Leader, Hanna Larsson, to discuss the concept of "Freedom of Work" and how it is revolutionizing the Future of Work.
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An Employer of Record (EOR) is an organization that helps companies expand internationally by hiring and paying employees on behalf of another company. EORs assume the responsibility for all formal employment tasks, including payroll processes and compliance documentation.
Simply put, using an Employer of Record (EOR) allows companies to legally and efficiently employ workers in other countries without having to set up a local entity or risk violating local employment laws.
An Employer of Record (EOR) officially hires employees in other countries on behalf of their client. For example, if your company is legally registered in the United States and you want to hire an employee in Portugal, you can do so through an Employer of Record (EOR).
In this partnership, the employer (client) is still in charge of the employee's day-to-day operations -- such as tasks, meetings, performance reviews, and termination decisions -- while the EOR handles the administrative burden of managing a foreign workforce.
Whether you are working with international contractors, full-time remote employees, or both, you can manage your entire global team from one dashboard, no matter where they are located or which currency they are compensated in.
Remofirst makes it easy for you to keep track of your global payroll spends in one currency, while still paying out your employees in multiple currencies. See how many employees you have in each country at any time, and how each of them are classified.