Why do small and medium-sized businesses need an EOR partner?

91% of the business population is being represented by small and medium-sized companies. With 52% of SME entrepreneurs complaining about labor quality, the chase for talent is becoming really tough. Let’s explore solutions that may aid SMEs to thrive instead of failing

What is an employer of record?

In this article, we’re going to discuss how employer of record services can be beneficial for growing businesses: SMEs.

Management Skills and Human Factors

Risk and Innovation

International Growth

As your business grows and you are starting to figure out your target audience, catching the moment and tapping new appearing markets is crucial. A timely leap you make at the moment of boost can make your business worth it in the long run.

SMEs have to expand their operations internationally, providing products and services wherever they can be most competitively consumed by their target audience.

SMEs seeking to expand into foreign markets should carefully analyze the full costs, risks, and benefits of such a strategy. Political requirements regarding local content, sales ventures, and repatriation of funds, and much more. Acvian employer of record provider takes care of all the hassle mentioned above while you just manage your international employees as you would any other.

Building Partnerships

Employer of Record for SMEs

  • Ensuring the legal rights of the employees to work in the state where the EOR is located. It includes arranging visas and work permits, avoiding delays and refusals;
  • Keeping the client updated in terms of local labor laws and organizing all the working processes in compliance with them;
  • Managing all payroll-related matters inside the offshoring country;
  • Bookkeeping and accounting administration;
  • Tax planning and consultation;
  • Administration of employee benefits, such as medical insurance, day-offs, sick leaves, and more;
  • Operating as a shelter for a client during the interaction with authorities of the host country.

At the expansion stage, it is paramount to choose the right partner, a reliable and competent EOR provider that will guide you in the process.

By choosing Acvian as your EOR provider you will get:

  • Adaptability and flexibility in solution selection
  • Swift processing and setup (within 72H per setup)
  • Single point of entry with access to 118 countries
  • Professional consulting
  • Discount system for loyal clients and non-profits.

Connect with the Acvian team today and start growing your business tomorrow.

Employer of Record Services in 118 Countries