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In 2023, the top three EOR services are Workpay, Globalization Partners, and Elements Global Services. These providers offer flexible solutions, comprehensive services, and compliance expertise, making them ideal choices for companies looking to expand while ensuring adherence to local labor laws.
More African companies are adopting EOR (Employer of Record) services. However, since it is a relatively new concept, statistics are limited.
Still, there is high hope for EOR services in Africa and globally, driven by the need to access talent from anywhere while ensuring meeting local labour laws. Similarly, the desire to reduce costs is another factor that could help EOR services skyrocket.
Some companies have already transitioned to using EOR services for various needs, including hiring and managing employees. Innovative entrepreneurs choose EOR companies with the experience and tools to gain high-quality results.
So which are the best EOR services in 2023? The information below provides information on the five best employers of record services.
But first, here's what makes them stand out.
Good EOR services offer flexibility to meet the specific needs of a company. Companies have varied needs based on their size, industry, and speciality. A good EOR company can conform to a company's specific requirements, helping them achieve their goals.
Good EOR companies often provide a wide range of services. Most offer all employee-related services, including HR management, organizing and running payroll, tax filing, hiring and onboarding, and processing benefits.
Good EOR service providers let their partnerships and reviews speak for them. A strong reputation means the company can achieve high-quality results and consistently put in effort, grow, and improve.
All companies, including those providing EOR services, must have good customer services characterized by responsiveness, knowledgeability, and ease of contacting through various means.
Good EOR service providers well-understand local labour laws and regulations. In addition, they should know compliance requirements in various jurisdictions. The whole point of hiring an EOR service is compliance, so the company should be very good at it.
Effective EOR service providers use modern technology that automates and streamlines the process. The company should make it easier to manage employees and HR processes.
And finally, a good EOR service provider retains transparency throughout the process. They ensure that fees and services are clear and concise from the beginning. Contracts and pricing have no hidden costs.
Workpay is an EOR service provider in Kenya offering a wide range of management solutions t. The company assists companies entering the African market. Some of Workpay's highly-rated services include:
Globalization Partners is a leading EOR company with a good reputation among countries worldwide. Some of the services they offer include:
Elements Global Services is another well-recognized EOR service provider recognized in Asia, North America, and Europe. Elements Global Services serves clients in the following ways:
Papaya Global is a globally-functioning EOR. The company has headquarters in Tel Aviv, Israel, New York City, London, and Kyiv. Some of the solutions Papaya Global provides include:
Finally, Velocity Global is an EOR service provider based in Colorado. However, it has additional UK, Brazilian, and Singapore offices. The enterprise is a significant player in the EOR industry, providing services such as:
To summarize, EOR services are becoming more popular in Africa and globally as the world becomes more connected. More companies must access top talent from anywhere while keeping costs low and ensuring compliance with local authorities.
Companies should rely on good EOR services that ensure flexibility, extensive services, good customer service, modern tech solutions, and expert compliance. The above companies have proven themselves as top EOR companies that can help companies venture into new markets without hassle.
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