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The Global Employer of Record Market is Projected To Reach USD 6794.5 Million By 2028 With A CAGR Of 6.9% - Valuates Reports
An Employer of Record (EOR) is a third-party organization that takes responsibility for all formal employment tasks on behalf of another company. The EOR allows companies to legally and efficiently engage with overseas workers either in a new country or state, without having to set up a local entity or risk violating local employment laws. Hiring an EOR gives the client's company the opportunity to manage their time more efficiently and effectively.
In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services.
A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization.
The major players in the global employer of record market include Adecco, Randstad, etc. The top 2 players occupy about 10% shares of the global market. North America is the main market, which occupies about 43% of the global market.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-7D9395/global-employer-of-record
Employer of Record Market By Type
-Aggregator Model
-Wholly Owned Infrastructure Model
Employer of Record Market By End User
-SMEs
-Large Enterprises
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Employer of Record Market By Region
-North America
-Europe
-Asia-Pacific
-Latin America
-Middle East & Africa
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Employer of Record Market By Company
-Adecco
-Randstad
-Aquent
-FoxHire
-Infotree Global
-Safeguard Global
-Velocity Global
-Globalization Partners
-Shield GEO
-Acumen International
-Elements Global Services
-Papaya Global
-Universal Hires
-CIIC
-Links International
-New Horizons Global Partners
-Sky Executive
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Inquire for Customization: https://reports.valuates.com/request/chaptercost/QYRE-Auto-7D9395/Global_Employer_of_Record_Market
SIMILAR REPORTS:
Global Talent Management Software Market Insights, Forecast to 2028 - https://reports.valuates.com/reports/QYRE-Othe-1P496/talent-management-software
Global Officer Field Training Software Market Size, Status and Forecast 2022 - https://reports.valuates.com/market-reports/QYRE-Auto-8I2562/global-officer-field-training-software
Global PEO Software Market Insights and Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-2T6374/global-peo-software
Global International PEO and EOR Service Market Research Report 2022 - https://reports.valuates.com/market-reports/QYRE-Auto-17Y9882/global-international-peo-and-eor-service
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