BUSINESS INSIGHTS
THE GROWTH OF EMPLOYER OF RECORD IN THE MIDDLE EAST AND AFRICA
The Middle East and Africa are home to some of the world ' s fastest-growing economies , with the oil and gas sector being a key driver of this growth . However , the COVID-19 pandemic has disrupted many industries , including oil and gas , and many companies are now looking for more flexible and costeffective ways to manage their workforce as they continue to expand into the region . This has led to a growing interest in the services of Employer of Record ( EOR ) providers , which can help companies manage their HR and payroll needs more efficiently . Nobuntu Ndlovu , VP of Marketing / MEA , Atlas HXM , explores this emerging trend .
An Employer of Record ( EOR ) is a service provider that takes on the legal responsibility of employing workers on behalf of a client company . This means that the EOR handles HRrelated tasks such as payroll processing , benefits administration and tax withholding , while the client retains control over the day-to-day job duties and management of the workers . forced many companies to embrace remote work , and this trend is likely to continue even after the
EOR services are particularly useful for companies that need to manage a remote or distributed workforce , as they allow the client to focus on its core business activities without having to worry about HR and compliance issues .
Growth of EOR in the Middle East and Africa
One of the key advantages of EOR services is that they allow companies to quickly and easily expand their operations in new markets . This is particularly important in the Middle East and Africa , where there are many emerging markets that offer significant growth opportunities .
For example , in the Gulf Co-operation Council ( GCC ) countries , the non-oil sector is expected to grow by around 3 % per year between 2020 and 2024 , driven by sectors such as construction , tourism and healthcare .
EOR services can help companies that want to enter these markets by providing them with a fast and flexible way to manage their workforce , without having to set up a legal entity in each country .
Another factor driving the growth of EOR in the Middle East and Africa is the increasing trend towards remote work . The COVID-19 pandemic has
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