An Employer of Record (EOR) is a third-party organization that takes responsibility for all formal employment tasks on behalf of another company. The EOR allows companies to legally and efficiently engage with overseas workers either in a new country or state, without having to set up a local entity or risk violating local employment laws. Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively.

In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services. A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization.

Some firms take Employer of Record (EOR) business same as PEO and we abide this attribution in corresponding situation.

This report aims to provide a comprehensive presentation of the global market for Employer of Record study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.

Global Employer of Record Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Employer of Record market was valued at 4423.6 million in 2021 and is projected to reach US$ 6877.6 million by 2028, at a CAGR of 6.5% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Aggregator Model Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Employer of Record include Adecco, Randstad, Aquent, FoxHire, Infotree Global, Safeguard Global, Velocity Global, Globalization Partners and Shield GEO, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

The study provides the Employer of Record companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Segmental Outline:

Global Employer of Record Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Employer of Record Market Segment Percentages, by Type, 2021 (%)

Aggregator Model

Wholly Owned Infrastructure Model

Global Employer of Record Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Employer of Record Market Segment Percentages, by Application, 2021 (%)

SMEs

Large Enterprises

Global Employer of Record Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Employer of Record Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Employer of Record revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Employer of Record revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Adecco

Randstad

Aquent

FoxHire

Infotree Global

Safeguard Global

Velocity Global

Globalization Partners

Shield GEO

Acumen International

Remote Team (Gusto)

Deel

Remote Technology

Elements Global Services

Papaya Global

Universal Hires

CIIC

Links International

New Horizons Global Partners

Sky Executive

This Report Addresses:

– Market Intelligence enables effective decision-making

– Market estimates and forecasts from 2022 to 2028

– Growth opportunities and trend analysis

– Segment and regional revenue forecast for market evaluation

– Competitive strategy and analysis of market segments

– List of product innovations to stay on top.

– The impact of COVID-19 and how to survive in these fast-growing markets.

1 Introduction to Research & Analysis Reports

1.1 Employer of Record Market Definition

1.2 Market Segments

1.2.1 Market by Type

1.2.2 Market by Application

1.3 Global Employer of Record Market Overview

1.4 Features & Benefits of This Report

1.5 Methodology & Sources of Information

1.5.1 Research Methodology

1.5.2 Research Process

1.5.3 Base Year

1.5.4 Report Assumptions & Caveats

2 Global Employer of Record Overall Market Size

2.1 Global Employer of Record Market Size: 2021 VS 2028

2.2 Global Employer of Record Market Size, Prospects & Forecasts: 2017-2028

2.3 Key Market Trends, Opportunity, Drivers and Restraints

2.3.1 Market Opportunities & Trends

2.3.2 Market Drivers

2.3.3 Market Restraints

3 Company Landscape

3.1 Top Employer of Record Players in Global Market

3.2 Top Global Employer of Record Companies Ranked by Revenue

3.3 Global Employer of Record Revenue by Companies

3.4 Top 3 and Top 5 Employer of Record Companies in Global Market, by Revenue in 2021

3.5 Global Companies Employer of Record Product Type

3.6 Tier 1, Tier 2 and Tier 3 Employer of Record Players in Global Market

3.6.1 List of Global Tier 1 Employer of Record Companies

3.6.2 List of Global Tier 2 and Tier 3 Employer of Record Companies

4 Market Sights by Product

4.1 Overview

4.1.1 by Type - Global Employer of Record Market Size Markets, 2021 & 2028

4.1.2 Aggregator Model

4.1.3 Wholly Owned Infrastructure Model

4.2 By Type - Global Employer of Record Revenue & Forecasts

4.2.1 By Type - Global Employer of Record Revenue, 2017-2022

4.2.2 By Type - Global Employer of Record Revenue, 2023-2028

4.2.3 By Type - Global Employer of Record Revenue Market Share, 2017-2028

5 Sights by Application

5.1 Overview

5.1.1 By Application - Global Employer of Record Market Size, 2021 & 2028

5.1.2 SMEs

5.1.3 Large Enterprises

5.2 By Application - Global Employer of Record Revenue & Forecasts

5.2.1 By Application - Global Employer of Record Revenue, 2017-2022

5.2.2 By Application - Global Employer of Record Revenue, 2023-2028

5.2.3 By Application - Global Employer of Record Revenue Market Share, 2017-2028

6 Sights by Region

6.1 By Region - Global Employer of Record Market Size, 2021 & 2028

6.2 By Region - Global Employer of Record Revenue & Forecasts

6.2.1 By Region - Global Employer of Record Revenue, 2017-2022

6.2.2 By Region - Global Employer of Record Revenue, 2023-2028

6.2.3 By Region - Global Employer of Record Revenue Market Share, 2017-2028

6.3 North America

6.3.1 By Country - North America Employer of Record Revenue, 2017-2028

6.3.2 US Employer of Record Market Size, 2017-2028

6.3.3 Canada Employer of Record Market Size, 2017-2028

6.3.4 Mexico Employer of Record Market Size, 2017-2028

6.4 Europe

6.4.1 By Country - Europe Employer of Record Revenue, 2017-2028

6.4.2 Germany Employer of Record Market Size, 2017-2028

6.4.3 France Employer of Record Market Size, 2017-2028

6.4.4 U.K. Employer of Record Market Size, 2017-2028

6.4.5 Italy Employer of Record Market Size, 2017-2028

6.4.6 Russia Employer of Record Market Size, 2017-2028

6.4.7 Nordic Countries Employer of Record Market Size, 2017-2028

6.4.8 Benelux Employer of Record Market Size, 2017-2028

6.5 Asia

6.5.1 By Region - Asia Employer of Record Revenue, 2017-2028

6.5.2 China Employer of Record Market Size, 2017-2028

6.5.3 Japan Employer of Record Market Size, 2017-2028

6.5.4 South Korea Employer of Record Market Size, 2017-2028

6.5.5 Southeast Asia Employer of Record Market Size, 2017-2028

6.5.6 India Employer of Record Market Size, 2017-2028

6.6 South America

6.6.1 By Country - South America Employer of Record Revenue, 2017-2028

6.6.2 Brazil Employer of Record Market Size, 2017-2028

6.6.3 Argentina Employer of Record Market Size, 2017-2028

6.7 Middle East & Africa

6.7.1 By Country - Middle East & Africa Employer of Record Revenue, 2017-2028

6.7.2 Turkey Employer of Record Market Size, 2017-2028

6.7.3 Israel Employer of Record Market Size, 2017-2028

6.7.4 Saudi Arabia Employer of Record Market Size, 2017-2028

6.7.5 UAE Employer of Record Market Size, 2017-2028

7 Players Profiles

7.1 Adecco

7.1.1 Adecco Corporate Summary

7.1.2 Adecco Business Overview

7.1.3 Adecco Employer of Record Major Product Offerings

7.1.4 Adecco Employer of Record Revenue in Global Market (2017-2022)

7.1.5 Adecco Key News

7.2 Randstad

7.2.1 Randstad Corporate Summary

7.2.2 Randstad Business Overview

7.2.3 Randstad Employer of Record Major Product Offerings

7.2.4 Randstad Employer of Record Revenue in Global Market (2017-2022)

7.2.5 Randstad Key News

7.3 Aquent

7.3.1 Aquent Corporate Summary

7.3.2 Aquent Business Overview

7.3.3 Aquent Employer of Record Major Product Offerings

7.3.4 Aquent Employer of Record Revenue in Global Market (2017-2022)

7.3.5 Aquent Key News

7.4 FoxHire

7.4.1 FoxHire Corporate Summary

7.4.2 FoxHire Business Overview

7.4.3 FoxHire Employer of Record Major Product Offerings

7.4.4 FoxHire Employer of Record Revenue in Global Market (2017-2022)

7.4.5 FoxHire Key News

7.5 Infotree Global

7.5.1 Infotree Global Corporate Summary

7.5.2 Infotree Global Business Overview

7.5.3 Infotree Global Employer of Record Major Product Offerings

7.5.4 Infotree Global Employer of Record Revenue in Global Market (2017-2022)

7.5.5 Infotree Global Key News

7.6 Safeguard Global

7.6.1 Safeguard Global Corporate Summary

7.6.2 Safeguard Global Business Overview

7.6.3 Safeguard Global Employer of Record Major Product Offerings

7.6.4 Safeguard Global Employer of Record Revenue in Global Market (2017-2022)

7.6.5 Safeguard Global Key News

7.7 Velocity Global

7.7.1 Velocity Global Corporate Summary

7.7.2 Velocity Global Business Overview

7.7.3 Velocity Global Employer of Record Major Product Offerings

7.7.4 Velocity Global Employer of Record Revenue in Global Market (2017-2022)

7.7.5 Velocity Global Key News

7.8 Globalization Partners

7.8.1 Globalization Partners Corporate Summary

7.8.2 Globalization Partners Business Overview

7.8.3 Globalization Partners Employer of Record Major Product Offerings

7.8.4 Globalization Partners Employer of Record Revenue in Global Market (2017-2022)

7.8.5 Globalization Partners Key News

7.9 Shield GEO

7.9.1 Shield GEO Corporate Summary

7.9.2 Shield GEO Business Overview

7.9.3 Shield GEO Employer of Record Major Product Offerings

7.9.4 Shield GEO Employer of Record Revenue in Global Market (2017-2022)

7.9.5 Shield GEO Key News

7.10 Acumen International

7.10.1 Acumen International Corporate Summary

7.10.2 Acumen International Business Overview

7.10.3 Acumen International Employer of Record Major Product Offerings

7.10.4 Acumen International Employer of Record Revenue in Global Market (2017-2022)

7.10.5 Acumen International Key News

7.11 Remote Team (Gusto)

7.11.1 Remote Team (Gusto) Corporate Summary

7.11.2 Remote Team (Gusto) Business Overview

7.11.3 Remote Team (Gusto) Employer of Record Major Product Offerings

7.11.4 Remote Team (Gusto) Employer of Record Revenue in Global Market (2017-2022)

7.11.5 Remote Team (Gusto) Key News

7.12 Deel

7.12.1 Deel Corporate Summary

7.12.2 Deel Business Overview

7.12.3 Deel Employer of Record Major Product Offerings

7.12.4 Deel Employer of Record Revenue in Global Market (2017-2022)

7.12.5 Deel Key News

7.13 Remote Technology

7.13.1 Remote Technology Corporate Summary

7.13.2 Remote Technology Business Overview

7.13.3 Remote Technology Employer of Record Major Product Offerings

7.13.4 Remote Technology Employer of Record Revenue in Global Market (2017-2022)

7.13.5 Remote Technology Key News

7.14 Elements Global Services

7.14.1 Elements Global Services Corporate Summary

7.14.2 Elements Global Services Business Overview

7.14.3 Elements Global Services Employer of Record Major Product Offerings

7.14.4 Elements Global Services Employer of Record Revenue in Global Market (2017-2022)

7.14.5 Elements Global Services Key News

7.15 Papaya Global

7.15.1 Papaya Global Corporate Summary

7.15.2 Papaya Global Business Overview

7.15.3 Papaya Global Employer of Record Major Product Offerings

7.15.4 Papaya Global Employer of Record Revenue in Global Market (2017-2022)

7.15.5 Papaya Global Key News

7.16 Universal Hires

7.16.1 Universal Hires Corporate Summary

7.16.2 Universal Hires Business Overview

7.16.3 Universal Hires Employer of Record Major Product Offerings

7.16.4 Universal Hires Employer of Record Revenue in Global Market (2017-2022)

7.16.5 Universal Hires Key News

7.17 CIIC

7.17.1 CIIC Corporate Summary

7.17.2 CIIC Business Overview

7.17.3 CIIC Employer of Record Major Product Offerings

7.17.4 CIIC Employer of Record Revenue in Global Market (2017-2022)

7.17.5 CIIC Key News

7.18 Links International

7.18.1 Links International Corporate Summary

7.18.2 Links International Business Overview

7.18.3 Links International Employer of Record Major Product Offerings

7.18.4 Links International Employer of Record Revenue in Global Market (2017-2022)

7.18.5 Links International Key News

7.19 New Horizons Global Partners

7.19.1 New Horizons Global Partners Corporate Summary

7.19.2 New Horizons Global Partners Business Overview

7.19.3 New Horizons Global Partners Employer of Record Major Product Offerings

7.19.4 New Horizons Global Partners Employer of Record Revenue in Global Market (2017-2022)

7.19.5 New Horizons Global Partners Key News

7.20 Sky Executive

7.20.1 Sky Executive Corporate Summary

7.20.2 Sky Executive Business Overview

7.20.3 Sky Executive Employer of Record Major Product Offerings

7.20.4 Sky Executive Employer of Record Revenue in Global Market (2017-2022)

7.20.5 Sky Executive Key News

8 Conclusion

9 Appendix

9.1 Note

9.2 Examples of Clients

9.3 Disclaimer

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)