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Atlas HXM is a robust Employee of Record (EOR) service | Image Credit: Atlas
In the world of startups, the difference between success and failure can often boil down to talent.
As businesses go global, startups can no longer rely only on their backyard to build the best possible team.
“The workplace developments of the last three years have transformed the way business leaders approach these challenges,” says Atlas in its latest whitepaper looking at the versatility of employer of record (EOR) solutions.
The whitepaper highlights how the pandemic changed the landscape of work, with remote work found to be more effective than the traditional style of work.
However, one third of global CEOs say talent recruitment and retention remains their biggest challenge.
To overcome this, startups have to look beyond their borders, which can be complex and come complete with unexpected hurdles.
However, an Employer of Record (EOR) partner can not only help startups and businesses find diverse talent across borders, but also ensure that they do so with compliance and meet local legal framework. Download the whitepaper here.
Why should you download Atlas’ EOR trends whitepaper?
Before we answer that question, it is important to understand the meaning of an Employer of Record (EOR).
An EOR is an organisation that manages the legal, HR, tax, and local compliance responsibilities of employees in any country where a company doesn’t have an operation.
For example, an American tech startup can easily hire talent in Europe even if they don’t have an operation there with the help of an EOR organisation.
In such a case, the EOR will act as the legal employer managing onboarding and paying staff on behalf of their client.
“An EOR hires the employees in the new country under its local business entity and takes on all the legal risks,” Atlas explains in its whitepaper.
With a global talent shortage affecting the technology and startup sectors in particular, an EOR allows an organisation to access talent that was previously unattainable.
Whether you are a startup founder, an entrepreneur, or a C-suite executive, the whitepaper from Atlas HXM shows how organisations can benefit from a global workforce.
It looks at the changing landscape of work and paints a clear picture of how talent shortages are impacting the European startup scene.
The whitepaper also offers solutions to the uncertainty caused by the economic volatility and shows how some organisations are successfully reaching scale through different case studies.
“We’ve done record-setting onboarding in crazy amounts of time. We also can rely on Atlas to handle the paperwork properly, to ensure that employees have answers to their important questions that are relevant to their country and status,” says Mike Hickman, Former Chief Financial Officer, Perform[cb].
How to download the EOR trends whitepaper
As tech companies and startups prepare to navigate the second half of the year after a tumultuous start, they are also tasked with a balancing act.
On one hand, they need to retain the best talent while on the other hand, they also need to bring new talent onboard without bloating costs.
“An EOR is the equivalent of hiring a local advisor – it understands the challenges, knows how things work and can tell you exactly where to find the talent,” Atlas explains the significance of EOR in its whitepaper.
To find out how EOR can help startups find and hire talent across borders, download the EOR trends whitepaper here.
Advantages of an EOR service in 2023
Atlas’ whitepaper on EOR shows the biggest trends in the industry right now.
From a changing work landscape to competition for talent in Europe’s startup ecosystem to finding scalable stability, organisations are facing plenty of challenges.
To top them all, they also face the challenge of building a diverse yet capable team that can help them reach new heights.
While every startup will find its own unique way to tackle business and economic challenges, Atlas sees EOR services as the prudent solution to manage the talent crisis.
“By taking on all legal risks and compliance responsibilities, an EOR frees up companies to focus their resources on what they do best: building the best product possible and achieving sustained growth,” the company observes.
Katie Kokkinos, Chief Operating Officer of Vetspire, says, “Since hiring the first person, we’ve added two more employees to our virtual UK office through Atlas’ Direct EOR platform. Their understanding of HR compliance and legal requirements has been instrumental in helping us get our UK employees what they need.”
Here’s a look at the benefits of EOR with Atlas:
- Direct EOR Service: The biggest advantage Atlas offers startups is the ability to expand, onboard, manage, and pay employees globally. As a direct EOR service, it will tap into its existing infrastructure and expertise to overcome HR challenges in countries where startups don’t have a legal entity.
- Payroll & HR: Through its centralised Human Experience Management (HXM) platform, Atlas streamlines HR and payroll processes for startups globally. It means startups can execute compliant global payroll without worrying about legal regulations.
- Consulting: In addition to helping startups expand and onboard new talent, Atlas also helps its clients navigate the “tricky complexities of global tax, labour laws and compliance that come with expansion.” From local HR, legal, payroll, GDPR compliance to transition, project financing, and accessing a diverse global network of M&A partners, Atlas offers services that go beyond EOR.
- Made for startups: What sets Atlas apart from other EOR organisations is its startup support. Atlas has built its platform with agility and flexibility in mind, two of the key attributes that make startups successful. It also has a team of experts capable of offering tailored support to the needs of small and medium-sized startups.
To know how your startup can benefit from an EOR organisation like Atlas , download the EOR trends whitepaper here.
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