What does EOR (Employer of record) mean in business?

Under an EOR service, a business will not have to legally set up an entity in the country whereby the employee resides.

Hence, an EOR service provider technically acts as your legal employer, hiring and transferring staff on behalf of your company under a service agreement.

Once a candidate has been chosen, the EOR assumes the risks and obligations associated with day-to-day employment activities and back-office duties like payroll, carrying your burden by becoming the employee's actual employer.

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