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Employer of Record (EOR)
Employer of Record (EOR) services provide a range of benefits, offering a comprehensive solution for businesses. These services play a crucial role in mitigating liabilities and compliance risks, ensuring that international ventures are streamlined and operate with increased efficiency. By simplifying global operations, EOR services contribute to cost-effectiveness, allowing businesses to allocate resources more strategically.
Moreover, EOR services help in securing talent and intellectual property, ensuring that companies can navigate immigration logistics seamlessly. The transition of contractors into employees is facilitated smoothly, providing a structured approach to workforce management.
One of the significant advantages of EOR services is the optimization of operational taxes and employment costs, benefiting both local workers and expatriates. This integrated approach to employment and compliance offers businesses a holistic solution for their global operations.
Overview of Employer of Record Services in Armenia
1
Employees v. Contractors
Discover the differences between employees and contractors to find the more suitable option.LEARN MORE
2
Procedure for Hiring
Explore details on the hiring process, encompassing the hiring requirements, laws on leaves as well as overtime work compensation.
3
Immigration Requirements for Foreign Employees
Delve into our dedicated section for requirements when hiring foreign employees.
Frequently Asked Question
An Employer of Record (EOR) is a third-party organization that extends its services to hire and manage employees on behalf of other companies, alleviating the burden of formal employment responsibilities. By undertaking comprehensive roles, an EOR ensures seamless operations and compliance, encompassing key aspects such as:
• Providing a registered entity for running a local, compliant payroll.
• Ensuring immigration compliance by arranging for visas, work permits, residence permits, etc.
• Making sure that the labor laws pertaining to local and expat workers are complied with
• Advising the client of required notice periods, termination rules, severance pay, et
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