Definition
A third-party organization that legally employs staff on behalf of another company, handling payroll, benefits, and compliance. When you want employees but don't want the legal responsibility of actually employing them.
Example Usage
We're using an EOR to hire contractors in India, which simplifies payroll and ensures local compliance.
Origin
Became prevalent in the 2000s with globalization and remote work expansion
Fun Fact
The EOR industry grew 45% in 2023 as companies sought to expand internationally without setting up local entities.
Source: Global HR and employment compliance
Related Terms
Translate This Term
See “Employer of record (EOR)” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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