Enterprises are leveraging Employer of Record (EoR) solutions to enhance their agility, adaptability, and resilience in hiring workers globally. The shift towards remote work, combined with labor laws’ growing complexity across various regions, has accelerated the EoR model’s adoption. These services offer businesses a streamlined way to comply with local labor regulations while managing payroll and HR functions across multiple countries.
EoR providers play a crucial role in enabling companies to expand globally without the need to establish a legal entity in each new market. By handling complex compliance issues and ensuring smooth HR operations, these providers make it easier for enterprises to onboard talent from diverse regions. Providers are continually investing in advanced platforms that enhance the employee experience with intuitive, self-service tools, virtual assistants, and offer businesses actionable, data-driven insights that support informed decision-making.
In this report, we assess 23 EoR providers and position them on the EoR Solutions PEAK Matrix® as Leaders, Major Contenders, and Aspirants based on their market impact and vision and capability. This report includes sourcing considerations for enterprises, outlining each provider’s key strengths and potential limitations.
Scope
All industries and geographies
Services: EoR solutions
The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading EoR providers, client reference checks, and an ongoing analysis of the EoR market
Contents
This PEAK Matrix® report, we examine
Everest Group’s PEAK Matrix® evaluation of EoR providers and categorize them into Leaders, Major Contenders, and Aspirants
The provider landscape
Enterprise sourcing considerations and providers’ strengths and limitations for each of the 23 service providers evaluated
