Employer of Record (EOR) Market Will Hit Big Revenues In Future | Safeguard Global ,Velocity Global ,FoxHire
Research Reports
Nov 06, 2021
The Employer of Record (EOR) Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
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An employer of record is a company that is the leader for tax functions whereas the worker performs work a special company. The employer of the record takes on the responsibility of traditional employment tasks and liabilities. It manages the risks and guarantees that the company’s employees benefit from following the local and worldwide HR and tax laws.
In 2021, Vistra launched the Employer of Record service to support the full lifecycle of doing business internationally. It provides companies the ability to access local talent in their target location in a quick and seamless manner while complying with all the required regulations.
Major Players are:
Safeguard Global (United States),Velocity Global (Hong Kong),FoxHire (United States),Elements Global Services (United States),iWorkGlobal (United States),Globalization Partners (United States),New Horizons Global Partners (Germany),Shield GEO Services (United States),Vistra (Hong Kong)
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The titled segments and sub-section of the market are illuminated below:
Components (Solution, Services), Enterprise Size (Small and Medium Enterprise, Large Enterprise), Sales Channel (Online, Offline), Features (Processing and funding payroll, Depositing and filing taxes, Handling unemployment, Handling workers’ compensation, Others)
Market Trends:
Development of a Software with Automated Functions with Help of Artificial Intelligence and Internet of Things
Market Drivers:
Rising Demand for the Financial Aspect of the Organisations and Tax and Employer Laws
Challenges:
Requirement of Skilled Labour in Handling and Operations
Opportunities:
Rising Digitization and Need of Smart Solutions for Employer of Record to Manage Wider Workforce
Years considered for this report:
- Historical Years: 2015-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2021-2026
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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Employer of Record (EOR) Market
Chapter 05 – Global Employer of Record (EOR) Market – Pricing Analysis
Chapter 06 – Global Employer of Record (EOR) Market Background
Chapter 07 — Global Employer of Record (EOR) Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Employer of Record (EOR) Market
Chapter 09 – Global Employer of Record (EOR) Market Structure Analysis
Chapter 10 – Global Employer of Record (EOR) Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
What are the market factors that are explained in the Employer of Record (EOR) Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Questions Answered in the Report:
- How much is the Employer of Record (EOR) MarketWorth?
- What is the Growth Rate of the Employer of Record (EOR) Market?
- Which Segment ofthe Employer of Record (EOR) to Hold the Highest Market Share?
- Which Segment ofthe Employer of Record (EOR) Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Employer of Record (EOR) Market?
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GET FULL COPY OF United States Employer of Record (EOR) market study @ ——— USD 2000
And, Europe Employer of Record (EOR) market study @ ——— USD 2500
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