For many international companies looking to expand, our services will be truly ideal for your company.
Establishing a local office, hiring human Resources to ensure you remain compliant with local labor laws can be time and financially draining.
The Commonwealth of The Bahamas spans 700 islands and Cays and provides an ideal economic hub to grow any business.
Employer of Record services is largely for companies and business owners who want growth by global expansion or want to tap into the international talent market with ease while remaining fully compliant with local regulations. HRSG is the legal employer of the company’s employed personnel here in The Bahamas. EOR is defined as an employer of record, this translates to an organization that takes care of some HR activities like legal obligations that relate to employees’ payroll, employment, benefit negotiation and management, local tax management and retainment, immigration, etc. on behalf of a company/business.
Although as an employer of record we are responsible for some HR functions, we do not carry out daily activities within the company nor take over the roles of the business employer/manager.
Therefore, instead of being at the forefront of seeking and recruiting new employees, we handle it amongst other undertakings while the international company can focus on setting up and managing their business, thereby working together for success.
Overview of the EOR services we provide.
As your EOR partner, we will take on employment duties such as payroll administration, benefits management. A contract is the first step and an agreement is made. WE, as EOR, assume the role of the employer, however, the company still has control over the running of day-to-day business operations. Employee roles and duties are still assigned by the company. The company is also still responsible to cater to and provide the employees’ pay accordingly. We will not be liable for safety or health guidelines as the case may be, especially with the recent occurrence of the Covid19 pandemic. The company is responsible for that.
Companies that often take on the EOR solution are small and medium-scale businesses that are looking to advance into the international market. The EOR thus becomes a means to facilitate easy market entry by hiring employees or independent contractors, depending on their needs. Companies and organizations go for the third-party employer option because of the numerous gains that come with employing its services and the wide range of roles in which EOR plays in an organization. In our next article, we will address the benefits that our EOR services can provide you.
The Human Resources Solutions Group Ltd. Established August 2013. Registered company in The Bahamas Contact us at 242-422-4774 Info@humanresourcessolutionsgroup.com www.humanresourcessolutionsgroup.com