What is a global nominal employer (EOR)?
An Employer of Record (EOR) is a company that has a network of entities around the world that can compliantly hire and pay staff on behalf of their clients.
They can provide client companies with a way to quickly hire staff in new international markets without the costs and risks of establishing a physical presence abroad.
What is the difference between a nominal employer and a professional employer organization (PEO)?
While there are similarities between an EOR and a PEO, the key differences between the two are the entity requirements and the shared legal responsibility for employees. A PEO in the traditional sense is a joint employment agreement, meaning that the PEO and the client company must have a registered entity in the country where the employee is located and the two organizations share the legal responsibility for the employee.
With an EOR, however, the client company does not have to share the legal responsibility of the employee or entity. Therefore an Employer in Name (EOR), such as Global Employment Outsourcing, is the preferred method for companies looking to quickly and compliantly hire international employees.
When should I use an EOR?
If you are involved in planning your company's global expansion, you know that there is a lot to consider. If moving too slowly or lacking local HR expertise is one of your company's biggest concerns, EOR may be a smart choice to achieve your global growth goals.
GEOR is one of the professional agencies for overseas jobs. If your company is looking to expanding overseas market for international talent employment or you are looking for an expat jobs in China, please feel free to contact us.