The term “Employer of Record” describes the legal way of hiring workers in a new global market without having to deal with the legal and financial liabilities of setting up a local entity in a foreign country. Omnipresent acts as the employer of the individual, ensuring that all labor laws and regulations are observed and the worker is taken care of.
In an EOR capacity, Omnipresent is responsible for:
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Complying with all local payroll and employment regulations
Issuing payslips and processing local payroll
Onboarding new employees with contracts compliant with local employment regulations
Providing ongoing, around the clock HR support
Filing local taxes and managing benefits and contributions