Report
Best Employer of Record 2024: Insights from the G2 EOR Report
Employer of record
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Key takeaways
- G2 is the largest and most trusted software marketplace. More than 90 million people annually—including employees at all Fortune 500 companies—use G2 to make smarter software decisions based on authentic peer reviews.
- G2 rates products from the Employer of Record (EOR) category algorithmically based on data sourced from product reviews shared by G2 users and data aggregated from online sources and social networks.
- Deel EOR has been named the G2 leader based on having the highest user satisfaction score and largest market presence among Employer of Record products.
Who will benefit from this report?
HR and people teams, finance and operations leaders, client solutions teams, procurement specialists, and technology buyers who aim to identify the most suitable EOR software for their organizations.
Report overview
The G2 report rates products from the Employer of Record category algorithmically based on data sourced from product reviews shared by G2 users and data aggregated from online sources and social networks.
To qualify for inclusion in the Employer of Record category, a product must:
- Facilitate the hiring of international workers through an Employer of Record legal arrangement
- Streamline and track the onboarding process for global employees
- Provide access to compliance and benefits information for both employers and employees
- Take on risk and mitigation when dealing with compliance and local hiring laws
What’s included
This G2 Employer of Record report provides a comprehensive and unbiased overview of the leading EOR software solutions, displayed in detailed grids and tables. It includes:
- Satisfaction ratings from EOR software users
- Key industries that are reaping the EOR software benefits
- A breakdown of the highest and lowest-rated EOR software features
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FAQs
What is an Employer of Record software?
Employer of record (EOR) software allows businesses to hire employees in other countries without establishing their own legal entity in those countries.
EOR platforms enable users to source, screen, and hire employees in other countries. Employers can run payroll, administer benefits, monitor compliance, and more. Employees can use the software to go through onboarding, receive payment, request time off, and develop their skills.
While the original company looking for employees is the de facto employer—giving out assignments and managing performance—the Employer of Record serves as the legal employer, taking on the risk and liability for a worker hired in another country.
The Employer of Record typically manages HR tasks such as benefits, taxes, compliance with local labor laws, and payroll processing. This arrangement is ideal for companies looking to hire globally without setting up a legal entity in foreign countries and allows them to hire quickly and compliantly.
EOR software providers may also offer services such as payroll services, benefits administration, or immigration assistance.
EORs differ from PEO providers, an outsourcing arrangement in which a company acts as a co-employer and performs administrative HR tasks.
An EOR Platform may integrate with other core HR software, onboarding software, or performance management software.
EOR Software is one type of global employment platform (GEP), a wider category that includes multiple legal entities for hiring. GEPs have a software-centric approach to global hiring that may involve a number of legal arrangements, such as an Employer of Record, professional employer organization, or Agent of Record for engaging contractors.
What are the benefits of using an Employer of Record?
Hiring through an EOR can be a powerful global expansion strategy. It enables organizations to engage and retain top talent from highly skilled and cost-effective markets without undergoing the long and costly entity setup process.
This hiring approach simplifies the adoption of remote working models, allows for greater agility during unstable market conditions, reduces compliance risks, and improves the overall worker experience. It also centralizes workforce management and makes the organization more appealing to investors.
How is the data in this report collected?
This report’s data is based on reviews gathered from the G2 user community and data aggregated from online sources and social networks. The G2 review site applies a unique algorithm (v3.0) to this data to calculate the satisfaction and market presence scores in real-time.
This latest report is based on scores calculated using the G2 algorithm v3.0 from reviews collected through 27 August 2024.
