When entering a foreign market, as a business entity or employer, you might find your competitors to be in the same market as you. Therefore, it is likely to become a war for talent. When you need to get talents onboard with your company as quickly as possible, Employer of Record (EOR) is the perfect solution to help you get up and running quickly while continuing to plan for your future brick-and-mortar company.
Not long before the pandemic hit and put the majority of the workforce to practice remote working, half of the population of software developers have already been working remotely. Therefore, it is less troublesome for software developers to transition to a remote working setting in comparison with the other departments. However, with the recent social distancing restrictions that have been lifted, many companies demand their employees to conduct their work on-site. Most of the management teams are still not very inclined to hire remote workers due to various reasons.
One of the biggest myths of remote working is that employees lie around in their room watching Netflix or having a Monday brunch instead of working on their share of responsibility. But the truth is, the benefit of remote working is that remote workforce is now able to do all those while maintaining their working performance. On-site employees are able to show up from 9 to 5, five days a week, and yet they are most likely struggling to optimize their productivity compared to the remote employees.
Are you planning to expand your business globally as you grow your team? When considering international expansion, many businesses assume that the only way to achieve this is by setting up their own physical company entity abroad. However, setting up an entity can be time-consuming and complicated. Employer of record (EOR) services can be considered as an alternative to help you achieve this goal without all the hassles.
Counterintuitively, with the backlog in resignations, the number of burnout workers is increasing. With the vaccine starting to become widely available earlier this year, it indicates that the economy will start to recover. As burnout becomes one of the predictors of resignation, many workers decided to take their time off this year despite the bounce back in the economy.