One does not need to be knowledgeable on the labor and tax laws of the country a client is hiring from. This benefit comes in handy, especially if the client owns an overseas business. The EOR will ensure that your business is compliant with all the applicable laws. The EOR makes sure that your payroll processing complies with employment laws in the country. It is the responsibility of the EOR to stay informed on local laws to save you from the hassle monitoring compliance.
Partnering with an EOR will allow business owners to have more time on your hands. Since you would not have to deal with HR and payroll matters anymore, you can save hours. Furthermore, the EOR will help you save costs since you will pay them a set rate for every hour the employee works.
Local incorporation and registration are necessary if you choose to skip hiring a third party. These processes are costly and time-consuming since you would need skilled accounting and legal support. Hiring an EOR will let you ensure compliance without the hassle of local incorporation.