Employer of Record (EOR) – State of the Market 2023 – Update
State of the Market Report

21 Dec 2023
by Priyanka Mitra, Samarth Kapur, Aman Kaushik

Today, enterprises worldwide consider global hiring as a business advantage and opportunity, enabling them to gain insights into new markets and access a diverse talent pool. However, navigating global expansion can be a complex and time-consuming process, with organizations contending with new legal systems, tax structures, and global payroll processes.

As a result, it comes as no surprise that enterprises have increasingly embraced solutions such as Employer of Record (EOR) in recent years, recognizing it as one of the simplest ways to swiftly enter a new market. An EOR is a third-party organization that assumes responsibility for paying an employee (permanent or temporary) on behalf of another company. Through an EOR, enterprises can efficiently onboard and manage talent without the need to establish an entity in a particular region.

In this report, we analyze the EOR market and examine it across various dimensions such as key growth drivers, buyer adoption trends, and provider investments. The report relies on primary and secondary data collection, including conversations with various market participants such as enterprise buyers, outsourcing providers, and EOR specialists.

Scope

  • All industries and geographies
  • The report is based on primary and secondary data collection, conversations with market participants (buyers and outsourcing providers), and fact-based research

Contents

In this report, we analyze:

  • The EOR market landscape, including market size, trends, and use cases
  • Buyers’ take on the EOR market
  • Provider landscape
  • Key investment themes in the EOR market and outlook for market stakeholders

Membership(s)

Human Resources

Sourcing and Vendor Management

 

Page Count: 55