Employer of Record in Africa

Employer of Record in Africa

Establishing a distributed remote team in Africa comes with challenges like hiring the right talent, managing their payroll, staying compliant with local laws, and more. These tasks are essential, but also very daunting. 

With an Employer of Record (EOR) in Africa, you can now have a team of your own without setting up a local legal entity. Skuad is an Employer of Record that simplifies hiring and compensation of full-time employees in a foreign country.

Key Stats and HR Trends in Africa 

Attracting the best talent is critical for capitalizing on Africa's economic expansion. The African continent's growth rates are likely to reach unheard-of heights. By 2050, the region's workforce will be larger and younger than that of China or India.

Africa's one-of-a-kind labor market

• It is critical for companies to consider cultural differences when hiring with purpose.
• According to our 2018 Talent Trends survey, including a stronger sense of purpose into the Employee Value Proposition (EVP) unlocks individual potential and motivates employees to be change agents. 
• Employees seek mobility, learning, and experimenting in order to find meaning. If it is not accepted, they will seek it elsewhere. 
• For example, 39 percent of South African employees who are content with their current jobs intend to quit owing to a perceived lack of development opportunities.

Africa as a Human Centric model

• Africa's economic potential is appealing owing to factors such as the richness of its natural resources, its young population profile, the growth of a middle class with more purchasing power, and rising urbanization. 
• For these different reasons, international corporations are rushing to enter this market; nonetheless, they are sometimes misled into viewing Africa as a totally homogeneous continent or even a single country.
• In fact, it is a geographical collection of 54 nations with as many cultures, languages, currencies, and economic profiles as the United States, China, India, and all of Europe together, and whose surface area exceeds that of the United States, China, India, and all of Europe combined.

How does an employer of record (EOR) work?

Skuad is an Employer of record in Africa, which serves as a Global HR Platform for companies looking to hire and pay remote talent. Partnering with an employer of record allows organizations to legally and effortlessly hire the best talent in Africa, without setting up a local legal entity. Skuad manages the hiring and onboarding of employees, runs payroll and provides statutory benefits,  gives ongoing legal and HR support, and much more.

Skuad provides Employer of Record services in the following African countries: 

• Nigeria
• South Africa
• Egypt
• Ghana
• Ivory Coast
• Sierra Leone
• Mali
• Kenya
• Togo
• Chad
• Tunisia
• Malawi
• Rwanda
• Benin
• Niger
• Liberia
• Senegal
• Tanzania
• Zimbabwe
• DR Congo

Talk to our People Ops experts to discuss your requirements and see how Skuad can help. Book a demo today!

FAQs

What is an employer of record in Africa?

An Employer of Record (EOR) in Africa, is a third-party organization that legally employs your global workforce without a local entity and compliantly manages payroll, taxes, benefits, devices, work visas, background checks and more.

How much does an employer of record cost in Africa?

The Employer of Record in Africa usually costs between $300 to $1500+ per month depending on the EOR you choose. For instance, the EOR provided by Skuad (A Payoneer Company) starts from 199 USD per employee.

What is the difference between an employer of record and a payroll?

An Employer of Record legally employs the workforce of a client business and takes responsibility for payroll management, taxes, compliance, benefits, work visas, devices and more while a payroll company only helps with distributing employee salaries.

What are the benefits of EOR?

An Employer of Record helps client companies with quick market expansion in new locations, locally compliant recruitment and management of international employees without a local entity, reducing administrative overhead and handles onboarding, payroll management, taxes, benefits administration, insurance, devices, work visas, background checks and more.

What is the difference between an EOR and a PEO?

An Employer of Record (EOR) becomes the legal employer of your workforce and manages payroll, taxes, benefits, compliance and more without a local entity whereas a Professional Employer Organization (PEO) co-employs your employees with shared responsibilities of payroll and HR via a local entity.

What is the best Employer of Record in Africa?

Skuad, a Payoneer company, is one of the best employer of record in Africa. Partner with Skuad EOR to compliantly hire and manage payroll, benefits, taxes and more without a local entity.