Employer of Record (EOR) from INS Global is a company that assists in managing a foreign workforce without the need to establish a legal entity. The EOR acts as the employer for your staff, providing assistance in employment compliance, payroll, and taxes. This enables you to focus on your primary business activities while avoiding the hassle of creating and maintaining a local entity.
In Poland, the first step in expanding your business is to register it with the local authorities, a process that can be time-consuming and complicated. However, with the help of an EOR, this can be circumvented. The EOR will register your business with the Polish authorities, and act as your employer of record, handling all employment-related matters.
By partnering with an EOR in Poland, your company can receive assistance with recruitment, payroll, and benefits administration. Furthermore, the EOR can ensure that you are compliant with local employment laws and regulations, including tax laws and labor regulations.
When expanding your business to Poland, you can benefit from the country’s large and highly skilled workforce, with a strong foundation in engineering, technology, and science. With a favorable tax environment, Poland can be a perfect location for companies looking to expand into Europe.
It is essential to distinguish between a PEO and an EOR when expanding your business to Poland. While both services can help you manage your workforce in a foreign country, they have different structures and responsibilities.
A PEO (Professional Employer Organization) is a company that can assist you in managing your workforce in a foreign country, but as a co-employer, you will remain the employer of record for your employees. This may add to the complexity of your business expansion, as you are still accountable for complying with local employment laws and regulations.
However, an EOR acts as the employer of record for your employees, shouldering the responsibility for employment compliance, payroll, and taxes. This simplifies the process of expanding to a foreign country, as you do not have to set up a legal entity, and can instead concentrate on your primary business activities.
If you’re considering expanding your business to Poland, you have two options to manage your workforce: a recruitment agency or an Employer of Record (EOR). While both options can help you find and manage employees, using an EOR can offer significant advantages over a recruitment agency.
One of the main benefits of an EOR over a recruitment agency is legal compliance. Poland has many employment laws and regulations, such as minimum wage requirements and termination procedures, that you must comply with when managing your workforce. While a recruitment agency can help you find and hire employees, they often lack the resources and expertise to ensure compliance with all of these laws and regulations. In contrast, an EOR in Poland acts as the employer of record, taking on the responsibility for compliance, payroll, and taxes.
Using an EOR in Poland can also provide a more streamlined process for expanding your business. With a recruitment agency, you will have to manage the entire process of finding, hiring, and managing employees, which can be time-consuming and complex, particularly when navigating local employment laws and regulations. An EOR in Poland will handle all of these tasks for you, including recruitment, payroll, and compliance, freeing up your time to focus on other aspects of your business.
Using an EOR can also be a cost-effective option for managing your workforce in Poland. Many of the costs associated with finding, hiring, and managing employees are included in the EOR service, which can help you save money in the long run. Additionally, using an EOR can help you avoid costly mistakes and penalties that can result from non-compliance with local employment laws and regulations.
In summary, expanding your business to Poland can offer growth opportunities, but it’s crucial to have the right workforce management resources. While a recruitment agency can assist with hiring employees, opting for an EOR can bring several advantages, such as complying with employment laws, simplifying the process, and being cost-effective.
Working with an EOR provider like INS Global Consulting in Poland can allow you to concentrate on your primary business activities and ensure efficient and effective workforce management, ultimately helping you reach your expansion objectives.
