Employer of record – is the service when a service provider company legally and compliantly hires a professional in the interest of another company – client, who reimburses the service provider its expenses on such professional plus service commission. This service has been widely used by middle and big companies, especially international. The market of this service has been growing exponentially, because of its advantages comparing to direct hiring:
- It decreases the headcount of the company client
- Passes a significant part of HR workload from own HR professionals to the service provider
- Gives the possibility quickly and compliantly hire professionals in other markets
Speaker:
Volodymyr Klymenko
Director for international expansion, LLC Brain-source International. Volodymyr is a seasoned professional with consulting, financial and operational background. He has more than 25 years of experience working in private equity funds, and investment banks in management positions.
