Employer of Record - What We Offer

EMPLOYER OF RECORD IN BULGARIA

GET IN TOUCH WITH US FOR HR clients requests +359 886 83 71 81

Horizons Bulgaria is a licensed company in staff leasing services according to the recent changes in the Labor Code.

If you’re looking to hire employees from Bulgaria without the hassle of opening and maintaining your own entity there, our Employer of Record (EOR) service offers a legal solution. We’ll handle all aspects of the employment process, including compliance with local labor laws and the processing of salary, taxes, benefits, and other required contributions. Our experienced accountant will take care of all necessary payroll documents on a monthly and yearly basis. To use our service, you’ll transfer the funds for salary, taxes, benefits, and other contributions to us in advance of the pay date.Our service is suitable for the expert and management positions.

EMPLOYER OF RECORD FOR YOU BUSINESS

Staff leasing is the process of hiring employees through a third-party company. This works the same as seat leasing where the third party provides the office space complete with equipment and connection needed for their work. Only, they will cover the administrative duties for them.
The company (Professional Employment Organization) and the business owner share employment responsibilities for the staff. Their work duties will come from the employer while the third party will take care of the salaries, benefits, and tax payment, all paid by the employer.

WHAT WE OFFER EOR

YOUR EOR BENEFITS AS OUR CLIENTS

Pay to people only when you have enough work
Use more people when you need extra resources
Release people when you don’t need their services
Save the time for accounting and payroll
Selection and/or approval of the offered employees as another service
Labor contracts – preparing, registering, concluding, termination
Remunerations – calculating, preparing, payment, generating relevant documentation
Regular reporting
Administration of all processes related to the performance of the employee

WHEN AND FOR WHOM IS EOR APPROPRIATE?

Foreign companies and NGOs, who are not (yet) registered in the country
Organizations with little personnel, who do not consider it profitable to hire a person with such functions
With temporary projects that require additional resources – promotions, marketing research, campaigns, seasonal hiring, temporary hiring, when the risk of laying off that staff is with the employer of record
Headcount and payroll limitations
Public companies who wish to reduce the income /cost to the number of personnel ratio
Reducing administrative load for the HR department

FINANCIAL ASPECTS OF THE SERVICE EOR

Remunerations, health and social payments, taxes and other payments are handled by the Employer of record also known as a professional employment organization, based on a detailed report to the client
The employer of record adds a service price on top of the above mentioned elements, the price being calculated according to the number of employees, type of work, the period of using the service
The total amount for the service could be fixed per person, per group of people, and as a percentage of the remuneration as well. It could also include a guarantee for replacing employees in case of resignation or leaving, for new recruitment and other conditions

THE REASONS WHY EMPLOYERS DECIDED TO DO EOR

Ease the burden on administrative services. With staff leasing, the Professional Employment Organization can handle the administrative services needed for staff employment, including tax payment, benefits application, etc.
Hire for maintenance and other services. To focus on the main tasks, employers lease staff to do maintenance work.

PEO IS FLEXIBLE CRISIS SOLUTION

We will hire the people for your business by the employer of record service. We will take care of documents, social payments and institutions – You will pay us the salary, securities and our commission as a single amount.
Save your time for the important business issues and give us a call to learn more about the Staff Leasing service in Bulgaria and how your business can benefit from it!

EMPLOYER OF RECORD (EOR) KEY SERVICE ASPECTS

Legal Employment Relationship

The EOR establishes a legal employment relationship with the workers. This means that the EOR is responsible for adhering to labor laws, managing taxes, and handling employment-related legal matters.Payroll and Benefits: The EOR manages payroll processing, tax withholding, and benefits administration for the workers. This includes tasks like calculating wages, deducting taxes, and providing access to employee benefits.

Compliance and Regulations

The EOR ensures that all employment-related laws and regulations are followed, including minimum wage laws, labor standards, and workplace safety requirements.

Risk Management: By partnering with an EOR, companies can offload some of the legal and financial risks associated with employment. The EOR takes on the responsibility of compliance, reducing the risk for the client company.

Administrative Support:

The EOR handles administrative tasks related to employment, such as issuing employment contracts, managing timesheets, and addressing employee inquiries.Flexibility: An EOR arrangement allows companies to quickly and flexibly hire workers without committing to long-term employment contracts. This is especially useful for projects, seasonal work, or expansion into new markets.

Geographic Expansion: EORs can be particularly helpful for companies looking to hire workers in different regions or countries, as they are well-versed in local labor laws and regulations.

Focus on Core Activities: By outsourcing employment-related tasks to an EOR, companies can focus on their core activities and business objectives without getting bogged down in administrative tasks.

SEND US A REQUEST FOR EOR

EMPLOYER OF RECORD (EOR) USE CASES

Employer of Record (EOR) services are increasingly utilized by companies looking to expand their operations globally without establishing a legal entity in new countries. Here are some common use cases for EOR services:

GLOBAL EXPANSION

Companies aiming to test new markets can use Horizons Bulgaria EOR to hire employees in Bulgaria without setting up a local office, thus reducing the risk and cost.

REMOTE WORKFORCE MANAGEMENT

EOR services enable businesses to legally and efficiently manage remote employees spread across various jurisdictions, ensuring compliance with local labor laws and regulations.

SPEEDY MARKET ENTRY

EOR services can expedite the process of entering new markets by managing the complexities of local employment laws, payroll, and HR tasks.

TALENT ACQUISITION

EORs allow companies to tap into global talent pools by employing skilled people in different regions without the hassle of navigating foreign employment legislation.

COST REDUCTION

By using Horizons Bulgaria EOR, companies can avoid the costs associated with establishing and maintaining a local entity, such as office lease, legal fees, and HR staffing.

RISK MITIGATION

Horizons Bulgaria EORs help mitigate risks by ensuring compliance with local Bulgarian labor and employment laws, thus avoiding potential legal and financial penalties.

BENEFITS OF EMPLOYER OF RECORD TOPICS

✿ Employee leasing advantages
✿ Employee leasing cost
✿ How can employee leasing save money

CONTACT US FOR HR, EOR & RECRUITMENT SERVICES +359 886 83 71 81

What We Offer – EOR