Managing benefits related to medical treatments, dental care, vision therapies, and other benefits specific to culture or location. Employers of hr outsourcing service providers also manage benefits such as pension funds, benefits equivalent to pension funds, travel returns, flexible expense accounts, paid leave, paid sick leave, and more.
Salary: Establishment and management of direct deposits of international employees, taxes, tax provisions, payment schedules, and any other issue related to wages, alongside accounting and bookkeeping services necessary for each of these operations.
Human resources/legal field: Managing methods compliant with company recruitment and absorption standards, together with appropriate employee classifications, statuses, tax reports, registration, and more by the requirements of local laws.
Various services: Employer of record services can also include managing vacations for family or medical needs, short- or long-term disabilities, employee compensation, employee performance assessments and management, and even negotiations for layoffs.
The employer of record service model works like this:
Adoption: Globalization partners maintain a network of established business entities by offering one of the industry’s most robust and comprehensive global employers of record infrastructure. You find and test the ideal international candidates for your company.
Employee absorption: The legal entities are ready to sign employment contracts and classifications that comply with local standards. Once this phase is complete, move on to absorbing your employees into the established entity system.
Implementation: new international employees are officially embedded in the wage system and proprietary software.
Ongoing support: Globalization partners offer full end-to-end employer of record services. The unique ability to offer such a strong business partnership stem from the fact that they employ some of the world’s leading talents when it comes to labor law and international business law, including lawyers, consultants, and contractors with professional expertise in the country.