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I'm currently trying to figure out how to expand my business internationally. The hiring process seems complicated and expensive, especially when you need to set up a local entity in each country. I’ve heard about using Employer of Record (EOR) services, but I'm not sure if they actually save money in the long run. Does anyone have experience with this? How does the cost of using an EOR compare to the traditional way of hiring employees in other countries?
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I’ve worked with an EOR service before, and honestly, it was a lifesaver when it came to managing international hiring. While the initial cost may seem a bit higher, it saved us a lot in the long run. By using an EOR, we didn’t have to deal with the legal complexities of setting up offices or entities in different countries. It also reduced the need for extra staff to handle compliance, payroll, and other HR tasks. The best part is that the EOR platform helps streamline everything. You can find more about how it works and the cost benefits on their website here(https://theemployerofrecord.com/services/eor). It really made the whole process more cost-effective and less stressful.
Hi Pletan,
If you’re planning for a long-term presence in a country with a stable and growing team, it might be more cost-effective to establish a local entity. You can visit my escape road project. Experience a realistic city setting with meticulously crafted 3D graphics, bringing the action to life.
Sounds like using an EOR is a pretty smart choice for international hiring. I’ve heard that dealing with local employment laws can be a nightmare, so having someone take care of that for you could save a lot of time and energy. I think it’s a good option for smaller businesses that want to expand without a lot of upfront costs. But I’d also suggest doing some research to make sure it fits your needs.
