An EOR, or Employer of Record, is a third-party company that manages employment-related tasks of a foreign company who wish to hire offshore employees.

 

When should I use an EOR?

Hiring an EOR is definitely helpful to organizations and businesses that want to expand their reach overseas. If you’re interested in working with an EOR, we’ve listed some situations where this partnership will be useful:

• Expand and explore new markets
• Expand capabilities and reduce cost through offshoring and outsourcing solutions
• Guard against untrustworthy independent contractors
• Facilitate and acquisition
• Act as an entity stopgap

 

Why Choose Loft?

Since 2012, we have been helping startups and foreign companies expand their business by outsourcing here in the Philippines. We have a solid team of legal counsels, business consultants, HR & recruitment specialists and accounting experts who can help you with your offshoring needs. We have worked with companies in the US, Australia, Singapore as well as other international cities across the globe.

 

What are the benefits of using an EOR?

Every country has its own employment laws and regulations, as well as requirements for foreign companies and entities. It’s certainly very challenging for these foreign companies to meet all those rules on their own.

Using EOR services can help your company save time and resources, which you can allocate for income-generating activities and other priorities. Aside from these, there are other excellent benefits of using an EOR:

• No need for local incorporation
• Reduced accountability for employee welfare
• Compliance with local laws and regulations

 

 

Employer of Record Services at Loft

With Loft as your EOR, we can handle the payroll processing, HR management, employee benefits and tax compliance of your employees here in the Philippines.

Our end to end services can extend to providing an office space for your employees, work permit processing, IT support and other corporate legal assistance that you need. If you’re interested, feel free to get in touch with us via email, via our website’s contact form, or by calling 0917 899 0044.