Solve HR and Payroll Needs With Ontop's Global Employer of Record Service
Partnering with a global Employer of Record (EOR) for hiring remote employees and contractors enables companies to have peace of mind and legally work with full-time workers from foreign countries without setting up legal entities. Ontop believes that international employment through the employer of record solutions is the first step towards expanding many companies.
A global employer of record services is ideal for companies starting to commit to a market, have a long-term working agreement, and don't have an extensive global expansion budget to open in new countries and optimize their global presence. With Ontop, the company won't have to wait to pay for setting up a legal entity or even search for the perfect candidate from the overwhelming talent pool for the role.
What's the Difference Between an EOR and PEO?
The terms PEO and EOR are often used interchangeably in the HR outsourcing industry, but there are important distinctions between the two services. A global PEO, or a global professional employer organization, typically offers HR support to businesses that already own entities in the country where they want to employ a worker. An EOR, or Employer of Record, on the other hand, actually employs workers on behalf of a client company without requiring them to set up an entity.
Whether a business works with an EOR or a PEO depends on its specific needs and circumstances. But regardless of which option they choose, outsourcing HR functions can provide much-needed support for companies operating internationally.
Better Than Any Staffing Agency: Benefits of an Employer of Record Service
Ontop is a company renowned internationally for taking overseas talent-hiring to the next level by acting as a third-party organization that offers local legal compliance, hiring, payroll, and HR solutions.
For small and medium-sized businesses looking to save money, leave it up to Ontop. They don't believe in barriers to managing a global workforce. As they aim to help companies in global markets, they are reinventing the mainstream hiring process and bringing out the best talent from different countries around the world. Here are some of the major benefits of EOR:
Benefits an Employer of Record Allows to Achieve:
- Using an employer of record service can improve employee retention.
- EOR allows a faster hiring process.
- Perks, payroll, and benefits administration made easy.
- Advantageous worker's compensation and work-life balance.
Global Employer of Record Solutions Can Enhance Staff Retention
Since Ontop provides an employer of record solutions across all industries, there is a higher chance of keeping international talent or a global workforce intact. The EOR allows businesses to scale faster by prioritizing both the needs of the company and the employee. By offering great perks and competitive compensation, they help companies overcome the challenges of retaining an unlimited number of employees across international borders.
World-class Benefits
Ontop believes every employee deserves the best, so they provide exclusive world-class benefits and partnerships that allow them to offer unique conditions and perks for international employees. Other benefits include direction, performance review, and control of day-to-day operations.
One-on-one Assistance
With Ontop, companies can fast-track growth in international markets while their workforce is cared for. Employees will be assigned a concierge to provide one-on-one assistance and take care of their onboarding process. They will provide their details and all required documentation to sign their new employment contract. With Ontop, companies can hire employees overseas or expand into a new market faster than ever before – with no need to set up a local entity in every country to manage their global team.
Streamline Hiring Process with Global EOR service from Ontop
Ontop is a platform that may seem complex to understand but is pretty simple. Their primary function is managing remote teams, while their focus is on building qualified overseas teams and making their payments easy.
In addition, Ontop allows companies to hire high-quality, full-time workers faster. Normal companies usually take weeks or even months to hire local teams. With Ontop, companies can employ internationally qualified people from anywhere in the world in only SIX days.
Ontop is ahead of the competition. They have already hired staff from over 150 countries and have more than 90 local experts working for them. Companies save time and money by hiring with Ontop.
Why Use a Global Employment Solution: Perks and Benefits that Motivate Remote Employees
When someone applies for a job, that position's benefits and perks are always in the back of the worker's mind. These perks are essential not only for accepting the job but also for staying in it. Offering a good paycheck is not enough. Ontop provides various extra benefits in different categories so that companies can take care of their employees when they build a journey together.
Advantages for Any Worker's Daily Life
Ontop offers a handful of benefits and gives employees multiple benefits and perks. These benefits cover just about everything, including; food, meals, shopping at supermarkets, transportation, games and apps, culture, wellness, and education. Now that's a lot of perks!
Benefits Tailored for Employee's Needs
The most valuable asset Ontop offers its workers is health insurance. They have partnered with a global health insurance leader to create four plans specially tailored to the needs of full-time, remote workers. This means coverage in their country of residence and when traveling overseas. The plans include digital assistance via their Ontop concierge and a center for emotional support.
Not to mention the discounts on WeWork coworking spaces featuring workspaces with desks and chairs, kitchens with coffee, water, tea, milk, beer and storage space, conference and meeting rooms, reception for your visitors and packages, 24/7 entry and access to more than 800 WeWork spaces around the world, wondering how to get there? That's easy. They also provide discounts on Uber and Lime.
International Expansion: Grow Your Business Anywhere in the World
Hiring full-time, global talent might seem daunting, but Ontop doesn't believe in global barriers. They overcome them. Ontop came to revolutionize the bureaucracy as a company that hates losing time. The company's secret is gathering experts to hire full-time employees in foreign countries where a company usually has to open a local entity.
Challenges of Opening a Local Entity
- It takes a lot of time, costs much money, and requires companies to have permanent administration in each country.
- The need to consider local taxes, payments, benefits, and legalities.
- Companies can get into compliance risks if they do not adequately comply with local law.
EORs like Ontop take care of the entire local hiring process by maintaining compliance with local regulations, payments, and human resources administration.
Ontop Delivers the Roles and Responsibilities of an Employer of Record Partner
Ontop has a crew responsible for managing all the paperwork. Don't worry about having questions, as their service is 24/7. All of their hard work is focused on the client's experience and solutions, with the platform being the least of a company's worries. Ontop has a team of experts that handles payroll for respective teams and pays them in their country's currency.
Ace Your Payroll, Hiring, HR, and International Compliance Process in One Platform
Companies have many questions about hiring and managing and what steps to take. With Ontop, companies can hire contractors and foreign workers way faster than usual.
How is that possible? Ontop establishes a legal entity as fast and assertively as possible with no mistakes. What differentiates them from other companies is that they can offer bulletproof employment contracts compliant with local employment laws in seconds and protect any business from unnecessary risk.
Companies can use an employer of record services from Ontop if they don't want to worry about in-country compliance. Ontop collects all the tax, permit, and compliance documents needed to ensure that full-time employees are all set up to work compliantly in any area in the world.
More information is available through this link: remote workforce management.
