Looking to hire Canadian employees?
Professional Employer Organizations (PEO) and Employer of Record (EOR) services are essential for businesses looking to streamline their HR processes, especially when expanding globally. These services handle various employee-related tasks, including payroll, benefits, and compliance, allowing businesses to focus on their core activities.
Factors Influencing PEO & EOR Costs
The PEO/EOR cost varies depending on several factors. Understanding these can help businesses make informed decisions:
- Number of Employees: More employees typically mean higher costs due to increased administrative work.
- Service Scope: The range of services provided by the PEO/EOR, such as comprehensive HR support or specific tasks like payroll, impacts the cost.
- Location: Costs can vary significantly based on the country or region, with specific regulations and compliance requirements affecting the price.
- Industry: Certain industries may have unique needs that influence the cost of PEO/EOR services.
