Employer of Record in Middle East
Establishing a distributed remote team in the Middle East region 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 the Middle East region, 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.
New Trends in Middle East Employee Benefits
According to the survey conducted by 2019-2020 Willis Towers Watson WTW Benefit Trends Survey, the following conclusions were made.
Focusing on talent experience
According to the Willis Towers Watson 2019 Middle East Benefits Trend Survey, talent experience and employee engagement with benefits are major goals for many multinational corporations.
According to the poll, 73% of respondents wanted to improve their communication of benefits to employees. However, it remains a major sticking point, with many businesses still trying to engage and excite their employees with their perks.
Enhancing both core and wider benefits
While essential benefits like health insurance, pension (or end-of-service benefits), and paid time off remain top priorities for employees, there is a rising emphasis on wider perks to attract and retain top personnel. In 2020, the emphasis will be on implementing a larger variety of benefits such as employee welfare, inclusion and diversity, and increased flexibility and choice.
According to the Middle East Willis Towers Watson 2019 – 2020 Benefit Trends Survey, the most effective organizations prioritize improving core and wider benefits. In fact, this was prioritized by 74% of organizations in this category.
Increasing the effectiveness of analytics, tools, and technology
Benefits strategies are concentrating on the use of analytics to understand employee behavior and requirements as firms move toward digital transformation.
According to the Willis Towers Watson 2019 Middle East Benefit Trends Survey, 88 percent of highly productive organizations utilize analytics to identify employee wants and requirements.
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How does an employer of record (EOR) work?
Skuad is an Employer of record in the Middle East region, 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 the Middle East region, 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 countries of Middle-East Region:
Talk to our People Ops experts to discuss your requirements and see how Skuad can help. Book a demo today!