A reliable EOR partner can help make the transition process smooth for businesses going through a merger, acquisition, or spin-off. Once a transaction closes, payroll, benefits, and other HR processes are typically disconnected from the original company and transferred to the new one. This means that the newly formed company will need new structures and solutions in place before the transition is complete — adding complexity and urgency to the process. The EOR provides all of this HR infrastructure ‘off the shelf,’ enabling the buyer or new company to transition their team quickly and smoothly after the transaction closes.
To ensure the transition is as efficient as possible, we will need to assess how we can best replicate the current systems and benefit offerings. Remofirst can provide a detailed side-by-side comparison, covering topics like health, dental, vision, and pension plans, as well as specific issues like replicating payroll schedules, technology solutions, integrations, and reporting capabilities.
Another important consideration is employee tenure or seniority. In most countries, the longer an employee is employed with the same company, the more benefits they accrue. These could include additional notice periods for termination of employment, extra paid time off allowances, and more.
EORs can take over the administrative tasks associated with hiring and managing employees, such as payroll, benefits administration, and tax withholding. This can free up time and resources for you to focus on other priorities and aspects of the transition.
EORs have expertise in employment laws in multiple jurisdictions, so they can help you ensure your business complies with all applicable laws and help protect it from costly fines and penalties.
Employees who are going through a corporate restructuring process may feel anxious or uncertain about their future. An EOR can help to reassure employees that their employment is secure and they will continue to receive the same benefits and protections they had before. This can help to reduce employee stress and improve morale.
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You've sourced a full-time employee or contractor located in a country where your company is not incorporated.
Pass us the details of your candidate and we will let you know exactly what it costs to employ your candidate in that country.
Sit back and relax as we onboard your new team member and take care of all the local compliances and admin work.