Native Teams offers two comprehensive solutions for global hiring - Employer of Record (EOR) and entity management. While both of these solutions help you hire with compliance, they differ in terms of ownership, responsibilities, cost, and level of control. Here’s how they compare:
Employer of Record (EOR)
With an EOR partner like Native Teams, you can hire employees in foreign countries without opening your own entities anywhere. Your EOR takes over the responsibility of legally employing your team, as well as managing payroll, contracts, and compliance on your behalf.
As such, EOR solutions can be beneficial for:
- Companies that want to explore and test new markets.
- Companies that want to hire a small number of employees in a certain country.
- Companies that seek short-term, flexible arrangements with minimal setup.
Entity management
With our entity management solution, companies can set up their own entities or add their existing ones to the Native Teams platform. With this, you get full ownership over your setup and control over employment workflows. You also manage payroll, contracts, and compliance with expert support, while our platform centralises and automates everything in one place.
Our entity management solutions are the ideal option for:
- Companies that want to establish a long-term global presence.
- Companies that want to hire at scale in specific regions.
- Companies that want to own their hiring infrastructure, have full control over employment workflows, and benefit from cost-efficient setups.
Choosing between EOR and entity management depends on how quickly you want to hire, how much control you want, and whether you plan to establish a long-term presence in the specific market. If you’re still unsure of which model works best for your business goals and needs, please book a demo call. Our team will be more than happy to guide you through the options.
Not the answer you were looking for? Please feel free to contact our support team for more assistance.