It’s becoming harder than ever to find the right skilled candidates for emerging industries or roles that have severe talent shortages, but with the help of a resourceful Employer of Record (EOR), it can be easier than ever to build a workforce that matches your scaling ambitions.
As new technologies like artificial intelligence enter the workplace, it’s becoming increasingly difficult for employers to find the talent they need for growth.
Despite investment in corporate training growing by around 30% in the decade prior, around 75% of US employers now struggle to find skilled talent, according to data gathered in 2023. The readings make for the largest skills gap in the US workforce for 17 years.
The good news is that Employer of Record services, which not only provide access to international talent pools but also handle the complexities of onboarding new recruits in brand new jurisdictions, are becoming easier to use than ever before.
In fact, the global EOR market is expected to grow from $5.97 billion to a value of $10.47 billion by 2035, underlining its growing importance in supplying more businesses with the skilled workers they need.
But what EOR service providers are the best for supporting you and your bid to close your industry talent gap? Let’s explore the five best Employer of Record services for your business needs today and why they can make a valuable contribution to your growth aspirations:
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Remote People
One of the most comprehensive solutions if you’re looking to cast your net wide while managing all the necessary compliance is Remote People, which is capable of onboarding employees from over 150 countries.
The platform has incorporated an AI Command Center that covers considerations like payroll, annual leave, and compliance no matter where you’re looking to hire, helping to provide a greater level of peace of mind that’s especially valuable if you have a small HR team.
Remote People is also ISO 27001 and SOC 2 Type II certified and is fully audit-ready with integrated compliance records.
With prices starting at $199 per month per employee, RemotePeople is a comprehensive and intelligent solution that can help you to tap into brand new talent pools to manage your recruitment needs.
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Deel
Deel is largely recognized as a market leader when it comes to EOR services and specializes in supporting fast-growing companies with their needs in onboarding both contractors and full-time employees to manage large-scale scaling operations.
In terms of reach, Deel also spans more than 150 countries and can begin recruiting new members of staff in a matter of minutes, depending on the requirements you may have for new hires.
One of the reasons why Deel is such a popular EOR service is because it offers largely automated payroll workflows, compliance contract generation, and fully integrated equity and immigration services, making it much easier to onboard international remote employees effectively.
However, at an entry cost of $599 per employee per month, Deel’s industry-leading reputation comes at a relatively high price for decision-makers.
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Rippling
There’s no getting away from the quality that Rippling has when it comes to bundling workforce infrastructure into one single dashboard.
If you’re taking your first steps into the world of EOR services, then Rippling’s ease of use could be an ideal starting point. The platform even links payroll directly with local device management, corporate card administration, and software app provisioning, creating a frictionless global payroll system that can be administered in just 90 seconds.
It’s for this reason that Rippling has an industry-leading payroll lead time of just five days throughout popular markets and 12 days in less common markets.
The pricing for Rippling can vary depending on your specific business needs, so it’s worth getting a quote to better understand how competitive the cost of the service will be based on your growth goals.
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Papaya global
One of the most resourceful options if you really want to scour global talent pools for the right prospects, Papaya Global is a powerful EOR service that leaves no stone unturned in your hunt to bridge your industry skill gaps.
Papaya Global is capable of orchestrating and consolidating complex enterprise-grade international payroll architectures throughout more than 160 countries, and is capable of supporting automated funding across over 100 currencies.
This high level of flexibility can be extremely useful for US multinational companies looking for a more comprehensive level of cost control, and together it makes for a frictionless onboarding experience regardless of the regions that you’re hiring in.
At $499 per employee per month, Papaya’s suite of EOR services is competitively priced, making it an attractive option if you have more complex talent requirements for your business.
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G-P (Globalisation partners)
As an especially compliance-focused EOR services provider, G-P leans heavily on a wide network of in-house legal and tax experts who are well-equipped to handle complex cross-border employment with ease.
G-P is a highly intelligent platform that allows you to automatically generate compliant employment contracts in seconds with full customization for every individual. The provider also has its own built-in AI compliance assistant, G-P Gia™, which is on-hand to help you safely navigate local labor laws.
If you’re concerned about the threat of noncompliance, G-P is a great solution that’s renowned for its high-touch customer care. However, the EOR provider’s $599 per employee per month starting price makes it one of the more costly solutions to use on this list.
Choosing the right EOR rpovider
It’s important to consider your own specific business needs when it comes to choosing the right EOR provider to support your growth.
Factors like price can be an important concern for smaller businesses, while larger employers may be willing to pay more for comprehensive compliance assurances.
For the many US companies looking to bridge industry skill gaps, EOR services can provide the perfect bridge to help you scale up your company, and choosing the right provider to support you every step of the way is key for long-term success.
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