Employee benefits are the non-salary parts of a job package, such as health cover, retirement contributions, paid leave, insurance and allowances. Some are required by law in each country; others are offered by choice.
An employer of record (EOR) is a company that legally employs workers on another business's behalf in a country where that business has no entity. The EOR holds the employment contract, runs payroll and meets local employment duties, while the client directs the daily work.
A professional employer organization (PEO) is a firm that shares employer duties with a client through co-employment. It runs payroll, benefits and HR administration, while the client keeps its own legal entity and stays an employer.
Total cost of employment is everything an employer spends to keep someone on staff, beyond gross pay. It adds employer social contributions, mandatory benefits, insurance, equipment, statutory leave and any EOR or admin fees.
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