Other Forms of EOR
Partnering with a Professional Employment Organization (PEO) has become a very popular option for small and mid-size businesses that need help managing a wide range of administrative tasks.
PEO vs Staff Leasing Company
Professional Employer Organization (PEO)
PEOs only provide services for client companies and their existing employees. Once the contract between PEO and the client is terminated, employees stay with the company — their ties with the PEO stop. PEOs usually don’t provide the company with a supply of new employees.
An Employer of Record is a specific solution commonly offered by a PEO. In addition to EOR, a PEO also often offers recruitment, payroll outsourcing, HR strategy, and other company services.
Staff Leasing Company (SLC)
Employee leasing companies provide the company with new employees — usually for temporary projects. After completing the work, employees head back to the SLC which assigned them the short-term jobs.
Temporary Staffing Service is similar to SLC — recruiting workers for special situations such as seasonal shortages, temporary shortages of employees with specific skills, or when full-time employees are absent.
Other employment models explained
Outstaffing
The EOR/PEO does not engage in recruitment but forms in their staff list employees already working for the client. Staff continues to work for the same company as before — suitable for companies in good financial condition needing to reduce headcount for stock listings, IPO, or specific corporate policy.
Outsourcing
One company provides another with part of its functions or services. The client uses the provided services, not just employee labor. Suitable for secondary functions — maintenance, cleaning, support activities — not fundamental to the business and variable in workload.
Payroll administration
Outsourcing of labor contract registration and administration, payroll, remunerations, compensations, bonuses, sick leaves, and vacations. Suitable for smaller companies where the number of personnel cannot justify a dedicated payroll position, or when strict confidentiality is required.
Read more about Benefits of Staff Leasing during a pandemic →
Other forms of staff leasing — useful resources
What HR services we offer
Employer branding
Professional management of your employer brand using our years of HR expertise.
Executive search
High-end consultancy practice for strategic talent recruitment — Horizons Executive Search.
Headhunting
Direct, proactive and confidential approach to high-calibre professionals in competitive organizations.
Onsite recruiter
Experienced and dedicated recruiter(s) deployed at your site on a temporary or permanent basis.
Trainings
Expertise in training, organizational development and human resource management.
Recruitment
Research and selection method for middle management and expert level positions.
Start with Employer of Record
Hire people in Bulgaria officially without forming a legal entity.