Employer of Record (EOR) is a human resources outsourcing service that has become increasingly popular in recent years. An EOR acts as the official employer for a company's employees, taking care of tasks such as payroll, taxes, and benefits administration. This allows companies to focus on their core business functions while offloading administrative tasks to the EOR. The EOR typically takes on the legal and financial responsibility for the employees, which can reduce risk and liability for the company. Bolds EOR program is especially beneficial for companies looking to expand in the US market, as it simplifies compliance with local labor laws and regulations.
Our goal is to work with you in understanding your needs, and building custom benefits packages to suit your specific business needs. We help you understand what is standard and what you should add in in order to become a competitive employer in the US.
why choose EOR
Employ without the commitment and liability whether you are expanding or testing out a new market without taking on unnecessary risk and expenses
We will save you the cost of paying expensive retainers such as lawyers, accountants and payroll specialists
Through our expert knowledge on employment laws we ensure you are covered state by state giving you the freedom to employ anywhere in the US
How it works
We take the time to understand your business, your goals and your budget when employing in the US. We explain the difference between mandatory and non-mandatory benefits and the impact different state laws has on your hiring decisions.
We build customized benefits packages according to your requirements & budget taking into account some of the various options available such as:
- Health Insurance
- Dental / Vision Insurance
- Life Insurance
- Pension / 401K
- Computer Leasing
ONE month deposit
Upon signing and before onboarding, we require a one month deposit (salary + benefits) per employee
We prepare the employees employment contract compliant with US state & federal law. From here, the employee is added to our payroll systems and all additional benefits packages such as healthcare are set up
ONE monthly bill
At the end of each month you will receive a monthly invoice for all services provided by Bolds
“Coming together is a beginning. Keeping together is progress. Working together is success.”
Transparency is key to building trust in business. With Bolds you know exactly what you are paying for without any surprises at the end of the month. We work on a flat rate fee model for our EOR program.
employee management fee monthly - $ 800
Management of payroll (base salary + mandatory benefits + paid time off)
once-off on-boarding fee - $650
HR compliant contracts, payroll and mandatory / non mandatory benefits package setup
once off UN-boarding fee - $450
Termination of employment contract, final payroll,
BOLDS Management fee per additional Non mandatory benefit - $50
Health insurance, dental/vision insurance, life insurance,
pension/401k, bonus plan, computer leasing, software & IT Support (additional hourly cost)