Employer of Record (EOR) – State of the Market 2023
State of the Market Report

21 Dec 2022
by Priyanka Mitra, Samarth Kapur, Aman Kaushik, Pruthvi Sainath

Today, enterprises worldwide consider global hiring to be a business advantage and opportunity, which allows them to gain insights into new markets and access diverse talent pool. Hence, it is no surprise that enterprises have been increasingly adopting solutions such as Employer of Record (EOR) over the past few years.

An EOR partner enables companies to legally engage with workers in a new country or region without them having to set up a separate legal entity or face the risk of violating local laws. EOR offerings can span the entire employee administration value chain and include services such as onboarding, benefits provision and administration, time and expense management, and payroll.

In this report, we analyze the EOR market and examine it across various dimensions such as key growth drivers, buyer adoption trends, and provider investments.

Scope

  • All industries and geographies
  • Services: EOR solutions
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading EOR platform providers, client reference checks, and an ongoing analysis of the EOR market

Contents

In this report, we examine:

  • Evolution of the EOR market: market size and growth, expected growth, and deal trends across geographies
  • Key investment themes
  • Buyer feedback, challenges, and adoption drivers
  • EOR provider landscape

​​​​Membership(s)

Human Resources

Sourcing and Vendor Management

 

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