Employer of Record (EOR): The Key To Quickly Growing Your Business

Employer of Record (EOR) The Key To Quickly Growing Your Business

Employer of Record (EOR): The Key To Quickly Growing Your Business

In the next five years, 54% of respondents to the CFO Research’s Survey claimed their organizations will hire an EOR to support their global business strategy. These figures are not shocking given that EOR provides businesses all around the world with a lot of wonderful advantages.

Company estimates that up to 70% of the world’s workforce is currently available for remote work. 

Time, money, and connections to a bigger talent pool are all benefits of practical EOR solutions for your company.

Let’s see what people think….

1. What Do Consumers Believe About Eor Being Crucial To An Organization?

Answer Type

Agree

Strongly Agree

Disagree

Strongly Disagree

Response (%)

15.9%

23.6%

8.11%

5.9%

Percentages (%)

21.3%%

54.7%

24.8%

6.9%

Being Crucial To An Organization

2. Is Using An Employer Of Record Legal?

Answer Type

Yes

No

Response (%)

48%

2%

Percentages (%)

89%

0. 5%

Using An Employer Of Record Legal

3. Are Services Provided By An Employer Of Record Expensive?

Answer Type

Yes

No

Response (%)

42%

8%

Percentages (%)

92.3%

0.6%

Employer Of Record Expensive

4. Who Has The Most Need For Employers Of Record Services?

Answer Type

Entrepreneurs

Mail Forwarding

Telephone Answering

Response (%)

17.4%

28.5%

9.3%

Percentages (%)

33.5%

44.6%

17.9%

Most Need For Employers Of Record Services

5. What Services Could Our Employer-of-record Be Able To Offer Your Business?

Answer Type

Local knowledge

Tax compliance

Long-term strategy

Cost-effective

Selection (%)

19.3%

15.4%

16.8%

18.2%

All Question Responses

24.5%

21.3%

26.7%

37.8%

Employer-of-record Be Able To Offer Your Business

6. How Does The Employer Of Record Concept Work?

Answer Type

Cost

Need

Strength

Quality

Selection (%)

17.4%

11.3%

26.7%

19.2%

All Question Responses (%)

36.2%

21.2%

32.11%

41.6%

How Does The Employer Of Record Concept Work

7. What Adjustments Do You Think We Should Make To The Employer Of Record?

Answer Type

Flexible and varied work environments

Employees ought to be paid promptly

Local benefits for employees

Selection (%)

22.3%

26.8%

19.9%

 All Question Responses  (%)

32.3%

2.3%

28.9%

Do You Think We Should Make To The Employer Of Record

8. Are There Any Services We Could Provide To Immigrants As A Record Employer?

Answer Type

Persons with no residence

Residency

Permit holder

Selection  (%)

8%

21.6%

21.5%

All Question Responses (%)

4.6%

28.3%

22.1%

Immigrants As A Record Employer

9. When Does Your Business Need The Assistance Of An Employer Of Record?

Answer Type

Employ several workers

Improve employee experience

Save time & money

Selection (%)

25.6%

11.6%

21.8%

All Question Responses

44.1%

19.3%

11.12%

Assistance Of An Employer Of Record

10. How Valuable Is An Employer Of Record (Eor)?

Answer Type

Very Valuable

Not Very Valuable

Response (%)

33.8%

19.2%

Percentages (%)

85.3%

28.3%

How Valuable Is An Employer Of Record

The geographical location of employees is no longer important to businesses nowadays as long as they can meet predetermined goals. But it’s not easy to hire a remote, international crew. Most businesses now use Employer of Record services in order to create a successful worldwide team without having to deal with foreign business setup hassles. Scaling an ideal international team is made much more flexible using EOR.

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