CORE Compliance+
Employer of Record
“Our Core Comliance+ Employer of Record (EOR) in the Philippines is a Third Party Compliance company that acts as the legal employer for foreign businesses hiring Nearshore employees.
This means that CORE takes care of all employment-related compliance requirements for your team, including payroll, taxes, and benefits, while you focus on managing day-to-day work affairs with your employees.”
What is an Employer of Record?
“The Employer of Record (EOR) serves as an intermediary in the employer-employee relationship, handling regulatory and legal employment obligations such as payment and payroll. While the EOR is the formal employer on paper, managerial decisions regarding projects, job duties, compensation, and terminations remain with the original employer or client
The Employer of Record is the registered employer of the employees in paper, hence the name Employer of Record. Nonetheless, the EOR does not have management or supervisory roles allowing you to test new Geographic Labor Markets without major Capital Investment. The client employer or the client still makes all the decisions regarding projects, position duties, compensation, and termination.”
Test New Markets
“The Employer of Record offers a comprehensive range of services that can be tailored to meet the specific requirements of each client. Typically, the EOR manages personnel functions delegated by the client while ensuring the client retains full operational control. Services provided by the EOR encompass a holistic business solution and include:
• Processing employee payroll
• Facilitating work permits and visas
• Streamlining invoicing processes
• Analyzing local labor laws and contracts
• Advising on legal benefits
• Acting as a liaison with government authorities
• Handling worker onboarding
• Managing timesheets and implementing incentive programs
• Facilitating employee terminations on behalf of the client”
This version conveys the broad service scope of an Employer of Record while focusing on the specific operational and compliance-related tasks they manage for clients.”
What does the EOR do?
Focus on your business
How is this different than Independent Contracting?
“EOR ensures Compliance Monitoring, You don’t need to be familiar with the labor and tax laws of the country where you’re hiring, which is particularly beneficial for overseas businesses. The Employer of Record (EOR) ensures your compliance with all relevant laws, handling payroll processing according to local regulations. Staying updated on local laws is the EOR’s responsibility, saving you the hassle of monitoring compliance.
Engaging independent contractors internationally carries risks of tax and employment law violations. An EOR manages all procedures in compliance with your host country’s regulations, reducing the chance of penalties for non-compliance.”
