What is an Employer of Record (EOR) and when do companies need one?
An Employer of Record (EOR) is a third-party organization that employs a worker on your behalf in a country where you don’t have a local entity. It handles the administrative side of employment, payroll, taxes, benefits, and compliance with local labor laws. Which means you should consider using an EOR when you want to employ people in a new market without setting up your own entity.