What is a non-compete agreement?

What is an EOR?

An employer of record (EOR) is an entity that legally employs workers on behalf of another business. An EOR takes full responsibility for all aspects of employment, including compliance, payroll, taxes, and benefits.

Is it hard to switch from another EOR provider?

Switching from one employer of record partner to another can be seamless with the right planning and support. Oyster offers a dedicated team of specialists who guide you through the process compliantly, while keeping your team members’ experience at the center.

What is an EOR in payroll?

An employer of record is an entity that employs workers on behalf of another business. An EOR partner takes on the responsibility of many HR services, including payroll administration. When you work with an EOR partner to employ global talent, you provide funds to the EOR and they will handle salary disbursement, ensuring proper tax withholding, social security contributions, and retirement account funding.

What’s the difference between an EOR and a PEO?

An employer of record (EOR) directly employs workers on behalf of another company, while a professional employer organization (PEO) co-employs workers with the employer. Professional employer organizations manage specific HR tasks like payroll, taxes, and employee benefits, while the employer retains control over day-to-day operations and employee management. With PEO services, the employer shares liability with its professional employer organization partner. In contrast, an EOR assumes full liability for compliance with labor laws, payroll, taxes, and benefits management.

Is using an employer of record (EOR) legal?

Using an employer of record (EOR) is legal, and helps businesses manage distributed teams without setting up local entities which can be costly and time-consuming.