Why Employer of Record is becoming increasingly popular in the UK
Employer of Record (EOR) is a service that acts as the legal employer of a company's employees, taking on the responsibilities and liabilities of employment. In recent years, EOR has become increasingly popular in the United Kingdom, as more and more businesses are recognizing the benefits it can provide. But why exactly is EOR becoming so popular in the UK? In this blog post, we'll explore some of the key reasons why EOR is becoming increasingly popular in the UK.
Outsourcing HR and Payroll
One of the main reasons for the growing popularity of EOR in UK is that it allows businesses to outsource their HR and payroll functions. This can free up time and resources for businesses to focus on more important aspects of their operations, such as growing their customer base and increasing revenue. Additionally, outsourcing these functions to an EOR provider can help to reduce the administrative burden on businesses, making it easier for them to stay compliant with UK employment laws and regulations.
Another reason why EOR is becoming increasingly popular in the UK is that it provides businesses with a high degree of flexibility. EOR providers can easily add or remove employees as a business's workforce needs change, without the business having to worry about the administrative burden that comes with it. This is particularly beneficial for businesses that have a fluctuating workforce, such as those in the gig economy.