Whether you're working with an HR team or you're a business owner wanting to expand globally, it can be quite a challenge to figure out how to compliantly pay employees or contractors when they are located in a different country. With that, you'll need an employer of record service that simultaneously serves as a global payroll provider. Remofirst happens to have solutions for this.
What Is an Employer of Record?
To begin with, when working with an employer of record (EOR), you manage your employee's day-to-day while the EOR functions as the legal employer for tax reasons. The employer of record assumes all traditional employment tasks and obligations for employees located in other countries. Moreover, an EOR is a low-cost option to outsource global payroll services and human resources activities in countries where you don't have an entity.
The EOR invoices your company monthly in your currency and pays your employees in their local currencies. It's safe to say that if your team is looking to expand globally by hiring remote teams and managing global teams overall, an employer of record will work best.
If you're looking for a simple, quick, inexpensive way to hire the best talent in countries where you don't have a legal entity, choosing a reliable EOR like Remofirst will save your company time and money.
Remofirst Employer of Record
Remofirst is an employer of record & compliance solution capable of assisting you in managing global remote teams. Its platform allows you to hire and manage remote workers from anywhere in the world with just a single click. Thanks to its availability in over 150 countries, you can obtain same-day onboarding at the best price, regardless of location.
Remofirst's EOR solution, whether used locally or globally, enables you to hire professionals in numerous countries without establishing a company locally. Remofirst will onboard your new team member and handle all local compliances and administrative tasks on your behalf.
This reduces the expense of creating several overseas subsidiaries and enables the onboarding of new staff to take place within days. Beyond that, the people behind Remofirst are also compliance specialists who know all applicable legal standards and are accountable for non-compliance, allowing your business to function smoothly.
Key Features
Same-day Onboarding: Provides same-day onboarding for global remote teams and 24/7 customer care.
Global Employer of Record: Allow Remofirst to hire full-time personnel on your behalf in over 150 countries, so you don't need to spend months and tens of thousands of dollars establishing a local entity.
International Contractors: All contractors are compensated, supervised, and onboarded via locally compliant agreements. This reduces misclassification concerns and lets you manage and pay your global staff in one place.
Global Payroll Solution: When you utilize Remofirst, your team's hours, time off, holidays, bonuses, and commissions are automatically incorporated into payroll. Compliance documentation is securely available through your dashboard, making international HR administration simple.
International Benefits: Put in place accurate global payroll and benefits at the same time. Offer premium health insurance (medical, dental, and vision), equipment provisioning around the world (laptops, monitors, etc), and financial benefits such as pension plans for your global team.
Compliance: Worker misclassification is a significant legal violation with severe repercussions ranging from substantial fines to prison time. As one of the leading global payroll companies, Remofirst assists in avoiding costly compliance blunders by configuring everything in accordance with your employees' local regulations. In return, you avoid penalties and litigation down the road.
Technical Support: If you have a question regarding perks, Visas, or anything else about global team employment, you can get answers quickly from a dedicated account manager. You may also get answers from their team of professionals by using the embedded platform chat option.
International Workforce Management: Dashboards are readily available to show you how your staff is organized, how much money you are spending, and other information. You can also request a cost simulation to determine how much it would cost you to hire someone in X country at Y salary.
The best part is that it's simple to get started with their services. All you have to do is provide your global candidate's information to Remofirst, and they will estimate how much it will cost to employ your candidate in that area.
Ultimately, working with an EOR provider like Remofirst is the best way to scale your remote staff worldwide without making huge financial commitments. This allows you to concentrate on building your business rather than figuring out global HR rules and regulations and assures compliance with local labor laws in each location.
Who Invested in Remofirst?
Remofirst raised $14.1 million in 2022, in a funding round led by Mouro Capital and QED Investors, with participation from Counterpart Ventures. The goal of the funding round is to make EOR services more affordable so they can be accessible to any company.
Their service costs $199 per month for full-time global employees and is free to use for paying global contractors.
Schedule a demo with Remofirst today and you can start hiring tomorrow.
