Embracing Innovation: How Employers of Record are Enhancing Employee Experience

Welcome to the dynamic landscape of work in 2024!  

From talent shortages and quiet quitting to anxieties over the rapid advancement of A.I. tools, it often seems like the challenges facing HR leaders are insurmountable.   

And yet one of the most exciting developments in the world of Employer of Record (EOR) services can help global organizations tackle, at least in part, a lot of the challenges they are facing today.  

Improving employee experience.  

Why Employee Experience is Crucial 

There’s a reason why EOR providers like Atlas are starting to prioritize how their tools and services enhance employee experience for their partners. 

In today's competitive market, the modern workforce expects more than just a paycheck. Employees are looking for meaningful work, flexibility, and opportunities for growth.  

This means that the quality of employee experience can make or break an organization's ability to attract and retain top talent. As businesses face talent shortages and shifting workplace norms, focusing on employee experience is not just beneficial — it's essential. 

The Evolution of EOR Services 

Initially, EOR services emerged as a solution for companies looking to hire talent in new countries without establishing a local entity. This made global expansion quicker and more efficient, especially for small and mid-sized organizations.  

But as the landscape of work evolves, so too have the offerings of EOR providers. In the past few years, EOR’s have evolved beyond simple facilitators of global hiring to become key partners in enhancing the overall employee experience of the organizations they partner with.  

This evolution is crucial for helping organizations not only attract but retain top talent in an increasingly borderless world. 

How EORs are Enhancing Employee Experience 

Here are just a couple of the ways that EOR service providers are delivering improved employee experiences for their partners: 

• Enhanced Employee Benefits 
  One of the standout ways EORs are making a difference is through offering enhanced employee benefits. Traditionally, benefits varied significantly by geography, leading to inconsistencies that could affect employee morale.
  Now, leading EOR providers are leveraging their global presence to negotiate comprehensive benefits packages that are consistent across regions. These packages often include enterprise-level healthcare, stock options, and even unique perks like relocation assistance and bonuses.
  This ensures that employees, no matter where they are, receive equitable and competitive benefits, fostering a sense of fairness and loyalty. 

• Learning and Development Opportunities 
  With the rapid adoption of new technologies like Generative A.I., continuous learning is more important than ever. Recognizing this, many EORs have integrated learning and development platforms into their services.
  For instance, Atlas recently launched Atlas Learning in partnership with Coursera, offering over 9,000 courses to employees worldwide. This initiative empowers employees to upskill and reskill, keeping them engaged and prepared for future challenges.
  Offering such opportunities not only boosts individual growth but also enhances overall organizational capability and retention rates. 

• Facilitation of Remote and Hybrid Work 
  The debate over remote versus in-person work continues, but the future is undoubtedly hybrid. EORs are at the forefront of facilitating flexible work models, which are now a critical component of employee experience.  
  By handling the complexities of international employment, such as compliance and local labor laws, EORs make it easier for companies to offer remote or hybrid work options. This flexibility is highly valued by employees and can significantly enhance job satisfaction and productivity. 
  Crucially, the best EOR services will also offer support to talent in their local language and time zones. I believe that this element is a key differentiator to consider when choosing an EOR partner, because the dedication to addressing cultural nuances and sensitivities can make the world of difference for an employee. 

These innovations in employee experience are more than just perks — they're strategic differentiators in a competitive market. As we move forward, it's clear that the organizations that invest in enhancing employee experience will be the ones that thrive.  

EOR providers are not just service providers; they're becoming essential partners in creating workplaces where employees feel valued, supported, and engaged. Looking ahead, it's exciting to see how these advancements will shape the future of work.  

By prioritizing employee experience, organizations can elevate and reach new heights in 2024 and beyond.  

To find out more about how EOR service providers are helping global organizations to enhance the way their people work, check out Atlas’ Global Employer of Record Report: 2024. In this, we uncover key insights and strategies that will help you transform your organization into a place where the best talent wants to work.