How to Grow Your Startup Recruitment Business with an Employer of Record (EOR)
Building a startup recruitment business can be challenging. Between managing candidates, clients, and compliance, you may find yourself bogged down in administrative tasks instead of focusing on growth. That overwhelming feeling can become an even bigger roadblock when it comes to global expansion, especially in the profitable and complex US market.
That’s where an employer of record (EOR) steps in, offering a valuable solution to streamline operations, reduce administrative burdens, and foster the growth of your startup recruitment business in a new, unfamiliar market. A report by Valuates found that the EOR industry will see more growth in the next few years due to how they make international markets easily accessible for businesses of all industries and sizes. The report also found that the US is the market where EORs are being used most, which makes a lot of sense because it’s highly profitable and provides a lot of opportunity with it’s massive workforce and dynamic economy.
How can an EOR help your startup recruitment business grow?
EORs help businesses of all sizes employ workers in new markets, but they can be especially beneficial for recruitment businesses who are expanding into the US for the first time and need the ability to scale operations up or down, depending on customer demand.
Local presence, entity, and expertise
As an international recruitment startup looking to grow your business in the US market, it’s always beneficial to work with local experts such as US legal, accounting, and compliance professionals. An EOR has a deep understanding of the US market, including employment laws, regulations, and cultural nuances. When you work with the right EOR, your recruitment business will gain a trusted partner who will expedite your growth by offering guidance regarding the local market, legal compliance, and best practices.
Another plus of working with an EOR as a recruitment startup is that you won’t need to establish a local entity to begin growing your business across borders. EORs act as the legal employer for your US workforce, meaning you get to save the time and cost associated with establishing your own US entity.
Streamline operations for success
Managing a growing workforce in a new, competitive market, like the US, can come with a lot of administrative responsibilities for a recruitment business. Thankfully, an EOR simplifies the onboarding process for recruiters and reduces the administrative burdens that come along with managing a growing contractor workforce. From onboarding new contractors to payroll processing, benefits administration, and tax compliance, an EOR takes the day-to-day operational tasks off your plate, allowing your startup to focus on its core competencies- sourcing and placing top talent.
Why work with an EOR to grow your recruitment business in the US?
- Access ongoing guidance and support from experienced, local professionals
- Save time and money by not having to establish a local entity
- Offer efficient onboarding and payroll processing
- Ensure compliance with local employment laws
- Streamline your administrative processes
- Scale up or down as needed
If you’re a recruiter supporting the US or considering it, book a call here to learn more about how an EOR can help you succeed: https://leadandgain.com/contact-us/
Disclaimer: This post is provided for informational purposes and should not be considered legal advice, the final word on this topic or a political opinion.