What is EOR?
EOR stands for Employer of Record. An employer of record (EOR) is an entity that legally employs workers on behalf of another business, taking full responsibility for all aspects of employment including compliance, payroll, taxes and benefits.
Focus on Growing your Core Business
Benefits of EOR
- Global Expansion
If you’re looking to enter new international markets, an EOR can help you hire Singaporeans & Malaysians talent quickly without a legal entity in Singapore or Malaysia. This can save significant time and resources.
- Cost Savings
Avoid the costs associated with setting up and maintaining a legal corporate entity in Singapore and Malaysia. The cost of maintaining a legal entity in Singapore can range between USD2K to 15K per year. Additionally, EORs can help you avoid fines and penalties related to non-compliance.
- Scalability
Whether you’re scaling up or down, an EOR provides the flexibility to adjust your workforce as needed without the complications of hiring or terminating employees directly.
How we help teams grow across borders
The next steps with Tisch Global as your EOR
Initial consultation
Schedule a consultation to discuss your specific needs, the scope of services, and any legal or compliance requirements.
Contract agreement
This contract outlines the responsibilities of both parties, including payroll, benefits, compliance, and termination procedures.
Onboarding process & management
We will handle setting up of payroll, benefits, and ensuring all legal documentation is completed. As well as benefits administration, compliance with local labour law, and handle any issues that arise during the employment period.
Regular communication
Maintain regular communication with us to ensure everything is running smoothly, and to address any concerns or changes in your business needs.
How your industry peers succeed
Examples of industries that commonly require finance function outsourcing.
- Finance and fintech
- Technology and Startups
- Manufacturing
- Legal and professional services
- Retail industry
More questions?
While both EORs and PEOs handle HR tasks, an EOR becomes the legal employer of the workers, whereas a PEO co-employs the workers along with the client company.
Companies might use an EOR when expanding into new markets, managing remote teams, or needing help with complex compliance issues.
We stay up to date with local labour laws and regulations, ensuring that all employment practices are compliant and reducing the risk of legal issues.
The employment act, The child development co-savings act, The employment of foreign manpower act, Work injury compensation act and The workplace safety and health act.
Industries such as technology, healthcare, finance and any sector with a need for international expansion or remote workforce management can benefit from EOR services.
We handle the entire onboarding process, including setting up payroll, benefits, and ensuring all legal documentation is completed.
At Tisch Global, we prioritise our clients’ confidentiality and data protection. We implement robust security measures and adhere to strict privacy policies to ensure that all client information is handled with the utmost care and integrity.