Employer of Record

An EOR is a third-party professional employment organization that is registered to do business in a foreign country and can therefore legally employ personnel in that country on behalf of the client organization, taking on the responsibilities of contract administration, payroll processing, employer-side tax payments, mandatory payroll tax withholdings and remittances, statutory benefits management, and labor law compliance.

UMB as a state organization is restricted from hiring employees who are based outside the US. Through MGIC, International Operations is well-positioned to facilitate the hiring of international employees. MGIC has established a strategic partnership with EoRs across various countries.

International Operations plays a pivotal role in coordinating the engagement with EoRs, ensuring UMB can access global talent while remaining in full compliance with all relevant laws and regulations.

Here is how International Operations facilitates this process:

1. Assessment and Planning
   We works closely with UMB departments to understand their specific needs and the roles they are looking to fill internationally.

2. Selection of EOR
   Based on the geographical location and specific requirements, we select the most suitable EoR partner from our network, ensuring they align with our standards for compliance, reliability, and ethical employment practices.

3. Onboarding and Management
   We coordinate with the selected EoR to ensure a smooth onboarding process for the new hires and manages the ongoing administrative and compliance aspects of their employment.

4. Support and Advisory
   We provide continuous support to the employees ensuring that any challenges are promptly addressed and that the employment relationship remains beneficial for all parties involved.