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EOR
EOR stands for Employer of Record.
EOR stands for Employer of Record. They act as the formal employer for companies that wish to hire individuals in other countries but do not want to create a business presence there. EOR’s manage the legalities behind hiring and employing individuals globally, including payroll and benefits, tax remittance, and local compliance. Using an EOR is an easy way to hire employees in multiple countries. An EOR is the actual legal employer of the company’s employees.
Related Glossaries
Form 1099
A 1099 is another IRS form, most commonly used by employers when they hire contractors.
13th month
A thirteenth salary, or year end bonus.
FX
The FX stands for Foreign Exchange (FX) Market.
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