EOR FOR EXPERT AND MANAGEMENT POSITONS

EOR service, also popular as PEO is a hiring solution offered by Professional Employment Organization Service (PEO) formally is a business service where one legal entity as Horizons Bulgaria – temporary job agency/provides to another legal entity – user company/client, personnel under its management and control.

This service is provided for a certain job completion, project or when the client company is not interested in forming a whole local business operation. In case a company is trying to expand to Bulgaria and interested only in having augmented staff, remote teams, the Staff Leasing Service is the perfect solution, popular as Employer of Record Solution.

FLEXIBLE SOLUTION FOR SPECIFIC BUSINESS CASES

In case your company needs new staff or additional employees to be recruited, but don’t want to or are unable to hire them permanently as an own employment. The employment solution is appropriate to cover temporary needs, overload or shortage. It is perfect for foreign companies without established legal entities in Bulgaria.

Global expansion, Remote Workforce Management, Talent Acquisition, Cost Reduction, Business Resik Mitigation.

These use cases highlight how EOR services can be an essential tool for businesses looking to streamline their international operations while maintaining compliance with local employment standards.

BETTER FINANCIAL SOLUTION

All startup companies, even the mature ones, have some financial limitations. The outsourced management of staff, gives the opportunity for better business goals achievements and decreases the administrative cost of the business. Outsourcing the whole payroll as a service creates a better business environment and confidentiality. Instead of hiring a payroll manager and accountant the Employer of Record Service is covering the needed resources. 

Outsourcing staff management and payroll through an Employer of Record (EOR) service can help startups and mature companies alike achieve their business goals more efficiently. This approach not only reduces administrative costs but also enhances the business environment and confidentiality.

BETTER HR QUALITY

The staff leasing/ Employer of Record, in most of the business cases, is combined with the service recruitment. Тhis allows better control over the HR quality and is followed by better organized management and administration.

Read more about Benefits of Staff Leasing during a pandemic

LESS ADMINSITRATIVE WORK

The volume of administrative work offen leads to extra cost of time and means. The staff leasing is a good solution, which outsource this boring, but mandatory activity and gives more time for following business targets.

BETTER COST CONTROL

Better control over the employees’ expenses. The Staff leasing company strictly manage all cost documents and initiation, presents them in a clear format to the business owners. All this is followed by extra levels of control, which ensures full transparancy and lack of fraud opportunities.

PAYROLL ADMINISTRATION

Horizons EOR services manage all aspects of payroll processing, including calculations, withholdings, and tax filings, ensuring compliance with local tax laws and regulations.

HR MANAGEMENT

This includes onboarding new employees, managing employment contracts, overseeing compliance with local labor laws, and ensuring that all employment practices meet the host country’s legal requirements.

BENEFITS ADMINISTRATION

Horizons EOR provider can manage and administer benefits such as health insurance, leasure activity cards, and other employee perks, tailored to the local norms and expectations.

STANDARD EOR

In this model, the Horizons Bulgaria EOR acts as the legal employer of record. They hire and pay employees, manage all HR-related tasks, and assume legal responsibility for these employees. The client company retains control over the day-to-day activities and management of the workforce.

HYBRID EOR/PEO

This model is similar to the standard EOR but includes elements of a PEO where the EOR co-employs workers. It is typically used in countries where the client company has an existing business entity but wants to outsource certain HR tasks.

PROJECT BASED/ REMOTE EOR

Horizons Bulgaria PEO manages employment for the duration of a project in a specific location. Specifically tailored for remote employees, this model allows companies to employ individuals in Bulgaria where the company has no physical presence. It is ideal for businesses that operate digitally or that have a globally distributed workforce.