The Employer of Record (EOR) service enables clients to optimize costs for support functions and establish
effective personnel management in full compliance with the labor legislation of Armenia. Key aspects of the
service include:
An Employer of Record (EOR), also known as a Global Employer of Record, is a third-party organization that offers comprehensive services for hiring and managing employees on behalf of other companies, both domestically and internationally. These services alleviate the formal employment responsibilities burden for businesses, ensuring seamless operations and compliance. Key aspects covered by an EOR include:
The Employer of Record (EOR) service also includes:
The Employer of Record EOR services offer the following advantages:Reducing commitments and risks associated with compliance.
Streamlining international operations.
Simplifying global operations and increasing their profitability.
Transforming contractors into official employees.
Optimizing operational taxes and employment costs for both local and expatriate workers.
In essence, an Employer of Record acts as the legal employer for international workers, allowing companies to hire abroad without establishing a local legal entity. This approach enables businesses to focus on their core activities while entering new markets, such as Armenia, without the administrative burden of maintaining a physical Зарегистрированный presence in each location.
- Personnel accounting organization
- Personnel records management
- Payroll calculation
- Additional services.
An Employer of Record (EOR), also known as a Global Employer of Record, is a third-party organization that offers comprehensive services for hiring and managing employees on behalf of other companies, both domestically and internationally. These services alleviate the formal employment responsibilities burden for businesses, ensuring seamless operations and compliance. Key aspects covered by an EOR include:
- Ensuring compliance with labor legislation, both for local and foreign workers.
- Consulting clients on notice periods, termination rules, severance pay, etc.
The Employer of Record (EOR) service also includes:
- Preparation of timekeeping records, handling vacation and business trips, sick leave records, as well as work on weekends and holidays.
- Preparation of internal documents, including labor and civil contracts, additional agreements to them, employment orders, transfers, and dismissals, as well as the issuance of rewards and disciplinary measures.
- Preparation of reference letters for employees upon request.
The Employer of Record EOR services offer the following advantages:
In essence, an Employer of Record acts as the legal employer for international workers, allowing companies to hire abroad without establishing a local legal entity. This approach enables businesses to focus on their core activities while entering new markets, such as Armenia, without the administrative burden of maintaining a physical Зарегистрированный presence in each location.
