Unlocking Efficiency: Top Employer of Record Services in the Philippines
Every business, whether small or large, has once dreamed of expanding across borders. Expanding internationally, especially in the Philippines, offers exciting opportunities for growth, but it also comes with a number of challenges. This is where the employer of record Philippines becomes invaluable. An EOR acts as a third-party organisation that legally employs your international workforce on your behalf, handling all the intricacies of compliance.
This allows your business to focus on its core operations and strategic expansion, without the burden of navigating unfamiliar employment laws. You avoid the hassle of managing payroll, benefits, taxes, and adhering to local labour laws. Making it accessible and compliant for businesses of all sizes, an EOR simplifies global expansion.
This blog explores the importance of EOR services for your business and the top employer of record services in the Philippines.
Key Takeaways
- The EOR services simplify global expansion by handling legal compliance, payroll, and benefits, allowing businesses to focus on core operations.
- The Philippines offers a rich talent pool and strategic location for international business expansion.
- Navigating the top employer of record services in the Philippines can vary significantly in their offerings and benefits.
Understanding Employer Of Record Services
Struggling to hire employees and optimise your workflow? The employer of record Philippines has got your back. Managing all aspects of local employment compliance, payroll, taxes, and benefits, they help employ your team members legally in the Philippines. Your company expands its global talent pool without the complexities of setting up a foreign subsidiary, thereby reducing the associated legal risks.
While the EOR acts as your legal employer, your company retains full control over the day-to-day management of your employees.
Given below is why EOR services are important for your business:
Legal Compliance
The employer of record Philippines ensures that your business remains compliant with all local requirements.
Faster Market Entry
Your business can establish a presence in the Philippines quickly, without the need for setting up a local entity.
Cost Savings
You can save significantly on operational costs by avoiding the expenses associated with setting up and maintaining a foreign subsidiary.
Access To Top Talent
Using the employer of record Philippines, your business can access a wider pool of skilled professionals, enhancing your team’s capabilities.
Focus On Core Business
While the EOR handles all employment-related responsibilities, your internal teams can concentrate on strategic initiatives and business growth.
Top Employer Of Record Services In The Philippines
When it comes to expanding your business to the Philippines, choosing the right EOR service is crucial. The best EOR service provider will provide comprehensive services that simplify the complexities of international employment, ensuring compliance and efficiency.
Here are some of the top EOR services available:
1. Multiplier
Being one of the top providers of employer of record Philippines, Multiplier stands as a premier platform. Designed to simplify global employment, it enables businesses to hire and manage remote teams in the Philippines with ease. From payroll management and benefits administration to tax compliance and adhering to local labour laws, Multiplier covers everything.
Given below are its key features:
Global Payroll Management
Ensuring accurate and on-time payments to your Filipino employees in their local currency, Multiplier offers automated payroll processing.
Benefits Administration
They provide a wide range of statutory and supplementary benefits packages tailored to the Philippines.
Tax Compliance
Keeping your business compliant with Philippine tax laws, Multiplier handles all local tax registrations, calculations, and filings.
2. RemoFirst
RemoFirst offers comprehensive employer of record Philippines solutions for businesses looking to expand into the Philippines. They provide robust services for payroll, benefits, and local compliance, simplifying the hiring process and ensuring legal adherence.
Given below are its key features:
Simplified Onboarding
RemoFirst simplifies the hiring of employees by streamlining all necessary paperwork and legalities.
Payroll and Tax Management
You can manage payroll processing and tax filings for your Filipino workforce, ensuring accuracy and compliance.
Comprehensive Benefits
Whether statutory or supplemental, RemoFirst ensures your employees receive competitive benefits.
3. Tarmack
Tarmack offers tailored employer of record Philippines services, focusing on providing efficient and compliant solutions for international hiring. They specialise in simplifying the complexities of global employment, allowing businesses to seamlessly integrate top talent into their operations.
Given below are its key features:
End-to-End Compliance
From contract generation to termination, Tarmack ensures full compliance with Philippine labour laws.
Automated Payroll
Ensuring timely and accurate payments to your employees, their system automates payroll processing.
HR Support
Tarmack provides comprehensive HR support, assisting with employee relations, disputes, and other HR-related matters.
4. Horizons
Horizons provides a robust employer of record Philippines solution designed to support businesses expanding into the Philippines. From legal compliance to benefits administration, their expertise lies in managing all aspects of international employment and workforce management.
Given below are its key features:
Global Mobility Solutions
Ensuring a smooth transition for your global workforce, Horizons offers solutions for employee relocation and immigration.
Localised Benefits Packages
They create competitive benefits packages that align with local market standards and employee expectations in the Philippines.
Dedicated Account Management
Businesses receive personalised support from dedicated account managers who provide guidance and ensure seamless EOR operations.
5. Deel
Deel offers a comprehensive platform for employer of record Philippines service that simplifies global hiring and payroll. An all-in-one platform to manage international teams efficiently and compliantly, it is designed for businesses of all sizes.
Given below are its key features:
Global HR and Payroll Platform
Deel provides a unified platform for managing global payroll, HR, and compliance for your workforce.
Automated Compliance
It automates compliance with local labour laws, ensuring all contracts and practices adhere to Philippine regulations.
Flexible Payout Options
Deel offers various payout methods for employees, ensuring timely and convenient payments in their preferred currency.
6. Velocity Global
Velocity Global provides employer of record Philippines solutions, making it easier for businesses to expand into the country without establishing a local entity. They offer end-to-end support for global workforce management, including payroll, benefits, and compliance.
Given below are its key features:
Global Workforce Management
Velocity Global streamlines the management of your international employees, ensuring adherence to local labour laws and regulations.
Payroll and Benefits Management
They handle all aspects of payroll processing and offer competitive benefits packages tailored to the Philippine market.
Legal and HR Compliance
Ensuring your business remains compliant with all Philippine employment laws, Velocity Global provides expert guidance on legal and HR matters.
Final Thoughts
Expanding into a new market like the Philippines offers immense opportunities for growth, but it comes with its share of complexities. However, using a strategic approach and the right EOR services, you can navigate the complexities easily.
Ready to give your expansion a boost? Multiplier is your trusted partner. As one of the leading providers of employer of record Philippines, they ensure compliance, efficiency, and give you access to top talent. Contact them today and fuel your global expansion.
FAQs
1. What exactly is an Employer of Record (EOR) service?
An Employer of Record (EOR) service is a third-party organisation that legally employs your international workforce on your behalf.
2. Why should I use an EOR service for expanding into the Philippines?
Using an EOR service simplifies your expansion into the Philippines by handling all legal compliance, payroll, taxes, and benefits.
3. How does an EOR service ensure compliance with Philippine labour laws?
An EOR service has in-depth knowledge of local labour laws, ensuring all employment contracts, payroll, and benefits adhere to Philippine regulations.
4. Can an EOR service help with managing employee benefits in the Philippines?
Yes, EOR services can help manage statutory and supplementary employee benefits in the Philippines, ensuring competitive and compliant packages.
