4 ms·
There are pretty serious costs involved in hiring globally, especially due to managing the tax implications but that's not the only reason. Usually you can get
by amalcon 4y ago
There are pretty serious costs involved in hiring globally, especially due to managing the tax implications but that's not the only reason. Usually you can get around this by hiring foreign contractors instead of employees, but not always.
There are companies that specialize in handling this for you, though. Some of them are on the list! Most of the others probably contract someone to handle it for them.
- actionfromafar 4y agoYou basically hire someone from a "contractor", but the "contractor" has a business entity in the country where the worker is, and employ the worker, pay taxes, insurance if applicable and so on. There are some large companies which have a presence in a hundred or so countries. (There's a term for this, but it escapes me at the moment.)
- triyambakam 4y agoAt previous company I was hired as a contractor and the contractor company was my own S-Corp
- tinglymintyfrsh 4y agoWere the tax advantages better as an S-Corp than an LLC?
- dimisdas 4y agoThey are called payroll providers who act as the Employer of Record (EOR).
- convolvatron 4y agoin the US we often call them body shops
- pcthrowaway 4y agoNot exactly the same thing. With a body shop, you pay the shop and they supply "someone" With EOR you post your job position, select your hire, and then pay the EOR to be their "official" employer, since they are multinational, and then the EOR provides "services" to you.
- actionfromafar 4y agoEmployer of Record was the term I couldn't remember.
- pcthrowaway 4y agoI've also heard them called Professional Employment Organizations (PEOs) - https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/whatisapeoanditsadvantagesanddisadvantages.aspx https://www.shrm.org/resourcesandtools/tools-and-samples/hr-...