3C Global's lexicon of workforce related acronym's, terminology & definitions is an essential guide to the various terms & acronyms used within the worlds of Contingent Workforce Solutions, Staffing and Recruitment, Employment Services, Flexible Employment, Hybrid, Remote, Digital Nomads and HR Solutions.
EOR - Employer of Record
An Employer of Record (EOR) is an entity that serves as employer for tax purposes while an employee performs work for an end-user hirer or a staffing firm or other business.
An Employer of Record handles all personnel functions, including payroll processing and funding; tax deposits and filing; and employment contracts and paperwork.
An employer of record also administers or provides benefits; terminates employment; and may perform background checks including drug screenings and handle worker performance issues.
In the US, the Employer of Record will also be responsible for maintaining a Certificate of Insurance, I-9, and E-Verify forms; unemployment insurance; and workers’ compensation.
AOR - Agent of Record
An Agent of Record (AOR) is a term used describe a service whereby the provider acts as a third-party intermediary, called an between a staffing firm or client and one or more independent contractors, administering the back-office functions related to engaging independent contractors, including payroll and government reporting requirements.
ICM - International Contractor Management
An International Contractor Management (ICM) company specialises in the administration and support of freelancers, hybrid and remote workers working across borders.
An ICM oversees contract negotiations, payment processing, and ensures compliance with local tax and employment laws in different countries.
The company assists with logistical challenges such as visa provisions, travel coordination, and lodging arrangements for freelancers on international projects.
Moreover, an ICM provides ongoing support to both freelancers and hiring organizations, addressing issues and facilitating smooth operations globally.
GPS - Global Payment Solution
A Global Payment Solution (GPS) is a service to ensure that a company or staffing agency's international contingent/contract workforce is engaged compliantly and paid legally, no matter where in the world they are located or the engagement model used.
GES - Global Expansion Solutions
Global Expansion Solutions (GES) help businesses expand internationally by providing services like market entry strategies, compliance with local regulations, hiring, payroll, and legal support. GES enables companies to establish a presence in foreign markets efficiently and legally while minimizing risks and operational challenges.
ICCA - International Contractor Compliance Audit
An International Contractor Compliance Audit (ICCA) is designed to ensure your business’s engagement with international contractors adheres to local labour laws, tax regulations, and classification rules across the different countries in which you engage talent or carry out projects.
Conducting a detailed audit, we help safeguard your business from costly penalties and ensure all legal obligations are met when working with international contractors.
The ICCA gives you a clear understanding of any compliance gaps, enabling you to take corrective action and maintain a secure, legally sound approach to managing your global contractor workforce and protecting your interests.
