Today’s level of globalization and increased international communication have enabled even small businesses to access parts of the world that were inaccessible just half a century ago.
This has led to the development of Employer of Record (EOR) services, which provide small businesses with the means to expand their operations across the globe. The EOR platform offers services such as payroll, remote contractors, and benefits management.
But as the EOR market becomes more and more saturated, it can become difficult to determine which services are worthy of your business. Additionally, it’s common to show a little distrust of unfamiliar software. That’s why we’ve compiled a list of the best his EOR platforms.
So without further ado, let’s dive into the 5 best rated EOR services on the market today.
What is the Best Employer of Record Service?
It goes without saying that the best EOR services come with multiple useful features that businesses can benefit from. That way, you can be sure you’re getting a real service with solid results.
However, sometimes there is only one EOR platform requirement. In that case, it’s best to find a company that specializes in that service. For example, there is little point in consulting a remote contractor expert if all you need is payroll services.
And of course, the best EOR platform has to stay within budget. These types of services are used primarily by small businesses as a cheap alternative to manage their own outsourcing operations, so they need to be cost-effective.
Our list of the best EOR companies includes many companies that offer affordable and comprehensive services that are perfect for small to medium-sized businesses. Check out the final list of the top 5 Employer of Record services below.
time doctor
For all EOR services available, there is one question that every potential purchaser of EOR software wants answered. Where is the time tracking feature?
The truth is that many providers don’t offer time tracking functionality and seem to ignore the transparency and productivity that this type of software allows.
Time Doctor is a great project management, outsourcing and payroll service all rolled into one. It is used by both large and small businesses to increase productivity and simplify international business operations.
Its sophisticated integration features make it a very useful piece of software that offers everything you can expect from an EOR service and more. For more in-depth insight, let’s check out some of its key features.
A. Payroll integration
With validated timesheets and customizable features, Time Doctor’s payroll integration can go a long way in reducing the manual work typically associated with paying employees across your company.
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B. Staff Leasing
Time Doctor’s remote staff management tool allows you to non-invasively track employee work habits. They provide valuable insight into employee productivity levels and day-to-day efficiency.
This way, you can manage your remote team from anywhere in the world and help them work as efficiently as possible. This also creates transparency and accountability for business operations and puts greater trust in remote staff in terms of flexible working environments.
You can also win clients by proving your company’s productivity. Watch your profits and performance skyrocket with Time Doctor’s comprehensive EOR service.
C. Time tracking
Without time tracking software, it’s difficult to quantify the amount of work an offshore team produces. I don’t know if my employees will meet their deadlines. It’s hard to hold employees accountable and put all your trust in them.
But with Time Doctor’s employee time tracking software, you can optimize business processes by monitoring efficiency and workload without compromising employee privacy.
Deal
Deal A prominent EOR platform at the forefront of the industry. With a range of services embedded, it offers one of the most extensive and sophisticated software solutions and is used by some of the most prestigious clients. It’s designed to help businesses of all sizes manage their payroll and HR processes in one place, reducing the need for multiple tools and systems.
Main function
- Access to talent around the world.
- User-friendly interface for easy payroll and HR management.
- Global reach supporting over 50 countries.
- Comprehensive services including payroll processing, benefits and tax compliance.
- Tools for effective employee management, including onboarding and offboarding, time tracking, and self-service portals.
- Significantly reduced onboarding time.
- Simple and dignified offboarding.
- Focus on data security and privacy.
- High level of customization.
price
Rates for hiring remote contractors and accessing other EOR services start at just $49/month.
remote
With a focus on global human resources and benefits management, remote is another well-known EOR service that offers excellent offshore management capabilities. A platform built to connect businesses with remote workers and help manage remote workers.
Main function
- Hire incredible offshore talent.
- Make compliant payments to your employees anywhere in the world.
- Cost calculation service.
- Benefits localized for remote teams.
- Provides tools for managing remote teams.
- It features a variety of remote job listings.
price
Remotes are relatively inexpensive when paid by a contractor. If you pay this way, it’s $29/month.
employment hero
employment hero is a cloud-based HR and payroll platform that boasts award-winning payroll software and EOR services that go beyond standard offerings. Handles leave accrual and requests, shift scheduling, and attendance records, as well as personnel and benefits management. We focus on streamlining HR processes and improving the employee experience.
Main function
- Seamlessly integrated platform and services.
- An automated, compliant payroll solution.
- Easy hiring and access to global talent.
- Fast growing company with multiple awards and recognition.
- It streamlines HR processes such as payroll, benefits, and includes time tracking.
- Provide an employee self-service portal.
- Customizable to suit your business needs.
- We have a variety of HR resources and support.
price
The HR Standard plan is $8 per employee per month, HR Premium is $11 per month, and HR Platinum is $15 per month.
oyster
Offering rapid growth prospects and abundant resources, oyster For small businesses looking to expand internationally, EOR is a great option. It helps companies manage HR processes, employee information, benefits administration, and compliance.
Main function
- Get the latest on labor laws and compliance requirements including COBRA, ACA and more.
- Friendly team with great customer support.
- Access to free HR tools and a wide range of EOR services.
- Track employee information, job titles, and other HR-related data.
- Manage employee benefits such as health insurance and pension plans.
- Streamline onboarding and offboarding.
- Automate time off requests, approvals and tracking.
- Customizable to suit your business needs.
- Evaluate employee performance and provide feedback.
price
Custom pricing options are available, but it’s only $29/month for a single contractor.
final thoughts
Employer of Record services are plentiful, but only certain offer the right and reliable software for managing offshore teams. While many EOR platforms are sophisticated, the extent and usefulness of Time Doctor, with its automated time tracking services, payroll, staff leasing opportunities, and proven benefits to productivity, performance, and profits, falls short. Nothing compares.
moreover, 14 days free trial Go, so why not try today? We ensure that your company gets results regardless of its size or needs.
