Any company in Spain that wishes to expand into new markets needs to hire an Employer of Record Spain. Currently, around the world outsourcing is a trend that is becoming more popular. Therefore, it can be concluded that a subcontracted personnel agency is a good strategy for business expansion.
In this article, you will see everything you need to know about the employer of record in Spain. The first thing we are going to teach you is that it is an employer of record or EOR, so you can better understand its functions; and in turn, understand why you need to hire these types of companies for the expansion of your company. In addition, you will see what are the main differences between PEOs and EORs.
- Do you know what Employer of Record services is?
- Learn what are the functions of the EOR Spain
- Do you know what are the differences between EOR and PEO?
- Contact Iberia EOR to have access to the best EORs in all of Spain
1. Do you know what Employer of Record services is?
If a company plans to expand internationally as part of its business plan, it must take certain things into account. One of these is the process of hiring international workers. In this way, if you have an EOR or Employer of Record Spain, you can greatly simplify this.
This is because an Employer of Record Spain will provide your company with a very efficient process for recruiting new employees. In addition, it will be able to enter new global markets without the need to establish a separate entity in another country.
2. Learn what are the functions of the EOR Spain
Creating a new entity abroad for your business is a very laborious job. However, this process can be greatly facilitated thanks to the Employers of Record Spain who perform very important functions. In this way, you must take into account banking, taxes, insurance, and Spanish labor law, this way you can ensure that the local infrastructure is set up and can employ workers.
An Employer of Record Spain will provide you with a structure that will eliminate the need that companies have for these tasks. In addition, they provide companies with the opportunity to hire employees in global markets in a compatible manner. In this way, they will not need an entity or a process to incorporate local employees.
EOR providers will hire the workers on behalf of the company and will assume all legal responsibility for them. Also includes compliance with the total processing of payroll and employment, as well as the entire employment process including.
- The issuance of employment contracts.
- Not need work visas.
- Payments of wages, benefits, and taxes.
- All human resources functions.
3. Do you know what are the differences between EOR and PEO?
Some core elements are very similar. However, an Employer of Record is slightly different from a Professional Employer Organization (PEO). PEOs are known as co-employment agreements, which are essentially the outsourcing of human resources.
In addition, we also find the administration of the company’s payroll. In this way, the company will be able to focus its efforts on the management of its employees, without worrying about administrative tasks such as payroll.
Global PEOs is the name given to outsourcing similar services, but without the need for a local entity. This is essentially an Employer of Record and this is why the terms are confused. Thus, you see that the main difference is the entity requirement and legal liability.
4. Contact Iberia EOR to have access to the best EORs in all of Spain
If you want to have the services of an Employer of Record Spain, you should visit IberiaEOR for more information. Here you can find the best EOR in the country with a long history. In addition, you can contact us by writing to email at [email protected].