Expanding business operations into Canada can quickly get complicated, frustrating and complex. With the differences in employee management, standards, and payroll, there are new Canadian-specific laws, regulations, and protocols that must be learned, understood, and followed. Plus, the administrative requirements that must be met before you can start hiring workers and selling your products and services into Canada can waste months of your time and be very costly. It’s no wonder that many firms decide to partner up with an employer of record (EOR) for recommendations, advice, and support. An EOR can handle the administrative and back office tasks, like payroll and HR, which can be overwhelming to handle alone.
But when you’re searching for an employer of record service provider, it can be daunting to ensure that you make the right decision. Choose to partner up with the wrong service provider and you can find yourself with more hassles and headaches than you originally started out with. Work with the right employer of record, on the other hand, and you’ll get the help you need to achieve success in the marketplace.
So to make sure you’re making the right decision, here are the skills you should look for in an employer of record service provider.
The biggest stress international companies have when expanding their business operations into Canada is complying with the employment laws, health and safety standards, and payroll protocols of the country. Canada is strict when it comes to employment standards, and every company must follow them to the letter. Naturally, you won’t know the ins and outs of Canadian legislature—and you probably don’t want to spend all of your time learning the ropes. When looking for an EOR, choose one that has legal experts on staff who knows every single law that applies to your business activities and employees. This skill is critical to your success and to ensuring that you’re always in compliance, so you aren’t hit with fines and penalties.
Human resources encompass a wide range of responsibilities. From hiring, terminating, and training employees to handling human rights claims and making sure paperwork is in order, it takes a real pro to get every aspect of HR right. That’s why it’s so important to find an employer of record that can handle it all—an EOR that knows all of the rules and regulations—and keeps up to date on changing legislature. The EOR you choose should be an expert in human resources and offer comprehensive services in this area of business.
When you outsource your payroll processing to an EOR, you can save yourself a lot of time, money, and effort—but only if it’s done correctly. There’s a lot to know, from making the correct deductions, knowing the remittance deadlines, and accurately filing annual taxes and keeping track of vacation days, expenses, commission, and RSP contributions, and benefits. If your EOR isn’t well rounded enough to be able to handle any payroll issue that comes up, for any of your employees, you could be in trouble. Your employer of record should know the ins and outs of payroll processing.
It’s an Investment
Working with the right employer of record for your unique business needs is a sound business investment. Perform your research, do your due diligence, and find the right partner for your company so you can increase your chances of achieving success in Canada. EORs vary in skill level, service offerings, and professionalism, and it’s vital for you to find the one that will be the biggest benefit to your expansion.