Remote Launches Contractor of Record to Reduce Risk for Hiring International Freelancers

Remote, the global authority on remote employment, launched Remote Contractor of Record. Leveraging Remote’s technology and expertise in remote employment, companies can now use Remote Contractor of Record to engage and pay global contractors without administrative or compliance burdens. Remote Contractor of Record takes on the responsibility of engaging, administering, and paying international contractors, combining compliance confidence, scalability, and payment flexibility onto a single platform. Nearly 40% of companies now hire contractors internationally, according to a survey of 1,600 businesses in the U.S,, Europe, and Australia in Remote’s Global Freelancer report. But as contract talent is retained in new countries, risk and complexities multiply – including administrative overhead, payment timelines, and compliance with each country’s unique laws. Misclassification, in particular, can lead to legal penalties, back taxes, and reputational damage if contractors are incorrectly classified as independent workers when they should be treated as employees under local labor laws. HR Tech Insights: Remote Work Trends: Virtual Vocations’ Q3 2024 Report Spotlights Remote Work Leaders and Top Telework Careers Remote Contractor of Record allows companies to leave these operational burdens to Remote. Remote becomes the legal entity contracting with and paying the contractors, taking on everything from onboarding and invoicing to managing taxes and ensuring timely payments. This includes a misclassification assessment and uncapped indemnity where Remote handles compliance, protecting against potential legal and financial liabilities so customers can focus on growth. Remote Contractor of Record complements its existing solutions for simplifying global contractor management and compliance:

• Remote Contractor Management: Companies can use Remote to onboard, manage, and pay their contractors worldwide — with automated onboarding, globally compliant contracts, and one-click invoice approvals and payments.
• Remote Contractor Management Plus: Equips Remote’s customers with advanced safeguards against misclassification risk, including built-in global compliance and indemnity coverage of up to $1 million.

HR Tech Insights: Virtual Vocations Reveals 20 Top Employers Supporting Remote Workers with Benefits With Remote, companies can pay contractors in over 70 currencies, including stablecoin payouts, giving them the ability to compensate contract talent in the way that suits them best. “Contractors offer businesses unparalleled flexibility and access to specialized skills, but managing them across borders introduces unique challenges,” said Job van der Voort, co-founder and CEO of Remote. “With Remote Contractor of Record, we make it simple for companies to engage this class of talent effectively and confidently, allowing them to build agile, diverse teams."

HR Tech Insights: Remote Revolutionizes Hiring with AI That Finds the Best Global Talent Seamlessly

Source – businesswire