Employer of Record

When a company hires employees, it assumes responsibility for all HR and employment tasks, costs, and liabilities.
But not all businesses want to deal with that responsibility so they can use
an Employer of record (EOR) which is a third-party entity that legally employs workers on behalf the other business.

The EOR takes full responsibility for all aspects of employment by offering EOR services that include compliance, payroll, taxes, and benefits. Employers of record can be located within the same country as the business it employs workers for or in another country with different employment laws.This enables the business to expand globally, without having to establish an entity or worry about local employment laws and taxes.

A licensed EMPLOYER OF RECORD for Bulgaria provides temporary employment services and assumes
the legal responsibilities of being the official employer for the employees.

The Employer of record performs all personnel and employment functions and duties, including:

Compliance with local employment laws - support businesses to ensure employees are hired in accordance with local laws and provide them with compliant employment contracts;

Onboard new team members and manage the employment agreements;

Collect and process time sheets;

Process payroll and file local taxes - fully managed by the EOR;

Manage compensation and benefits which may include health insurance, time-off policies, parental and/ or sick leave, etc.;

Handle unemployment and contracts termination;

Maintain a certificate of insurance.

An Employer of record is a cost-effective way to outsource payroll and HR functions.
The business pays the EOR a set hourly or monthly rate for the employee’s work,
and the EOR handles all tasks, and: