Iraq Employer of Record (EOR) and Professional Employer Organizations
In Iraq Employer of Record (EOR) and Professional Employer Organization (PEO) services are fairly new ideas that emerged with the fast development of private sector after 2003. At first, there were many problems surrounding laws & rules of employment for small and medium sized businesses, which really affected how they approached human resources.
As these organizations tried to expand into new territories or markets, what was once rather simple became more and more complex and needed in-depth deep knowledge of HR management. Small and medium sized businesses, as well as big corporations, began to look for ways to meet their human resource requirements. As a result, PEOs and EORs stepped in to provide their clients with the HR skills and knowledge they needed.
So, what exactly is an Employer of record, and how is it different from a Professional Employer Organization?
Professional Employer Organization (PEO)
The Professional Employers Organization operates as an outsourcing firm providing services to businesses and small companies by performing most of its human resource management tasks. Additionally, Human resources, payroll, compensation, and risk management are programs delivered by PEOs at a low cost. Many PEOs also provide additional HR services such as time and attendance tracking, recruiting, employee training, and performance management.
In short, PEOs are for companies looking to improve their HR function with external help. In this sense, it’s a solution directed towards the company’s HR function and is more long term.
Benefits of using a PEO service:
- Improved operating performance
- Make the most of your organization’s talent.
- Access to workforce Management Technologies
- Easy Payroll Processing
- Reduce risk
- Compliance with employment laws.
- Access to Human Resource Consultants
Iraq Employer of Record (EOR)
In Iraq Employer of Record (EOR) is crucial for any international business that wishes to access Iraqi. Market. It also works as one of the services that a PEO provides. It is mostly used to overcome the regulatory and cost hurdles when employing workers in a remote location. Since every country has its own employment, payroll, and work permit requirements for non-resident companies doing business. The challenge of meeting those rules can be a major obstacle to a business expansion.
However, EOR has the greatest benefit when doing business in foreign countries, where the cost, complex difficulty, and compliance risk of local employment may be way too high.
Benefits of Using Shull's in Iraq Employer of Record Services
- Access to new markets will be easily achieved.
- Guaranteeing compliance to local laws and regulations.
- Allowing you to focus on your core business functions.
- Using cutting-edge technologies and tools
Payroll Processing remotely. - Securing valuable supply management.
- Managing risks and avoiding penalties.
For businesses looking to develop quickly in Iraq market , using in-Iraq Employer of Record service is a flexible way to bring on new talent. As well as helping businesses to grow globally without the hassle of creating a local presence.
Choose your Tailored Solution
Employer of Record and Professional Employer Organizations are similar tools created for different purposes. They can both help businesses to grow and expand their workforce. Although, each service is used in different circumstances. But how do you know which one better suits for your needs?
Basically, PEO services outsource your HR department while still allowing you some measure of control. While EOR services are to employ and maintain a smaller contingent workforce.
The leading In-Iraq Employer of record
If you are looking for a PEO & EOR service provider in Iraq & Kurdistan, then Shull Employment Solutions will give you just that. As the leading professional employer organization and employer of record in Iraq & Kurdistan, we offer a full suite of HR management services to help local and international organizations expand into Iraq and the Kurdistan region.
When establishing a business in Iraq, our services also provide you with the expertise, guidance, resources, and solutions you need to grow faster, save money on administration, and reduce employee turnover.
When you choose Shull Employment Solutions as your Employer of Record or PEO in Iraq and Kurdistan
We will offer you tailor-made services to provide end-to-end support for HR, payroll, and benefits administration. our HR professionals use their expertise to create a unique solution for your business. As a result, Shull’s HR Outsourcing solutions start with us taking the weight of your HR challenges and end with your business growing beyond your goals.
Not to mention, we operate in Iraq and Kurdistan area as a PEO, EOR, payroll, and HR outsourcing firm that will give you the ability to outsource all the difficult administration and compliance work for your business with a dedicated in-house recruitment team. We can also help you to find, hire, and onboard new workers in Iraq and Kurdistan.
You can even use our local subsidiary as your employer of record if you don’t have an established business, giving you all the benefits of hiring in Iraq and Kurdistan without the hassle.
Any Questions?
If you have any questions or comment, our team is ready to gladly answer all of your inquiries and elaborate more about how can Shull contributes to your business success in Iraq and the Kurdistan Region.