Hiring in Switzerland with an Employer of Record (EOR)

Looking to hire employees in Switzerland? An EOR can assist.

Switzerland, a highly developed country known for its political stability, economic prosperity, and high standard of living, offers numerous opportunities for businesses looking to expand their global operations. With its strong economy, world-class infrastructure, and highly skilled workforce, Switzerland is an attractive destination for international companies.

If you’re looking to expand your business’s presence in Switzerland, an Employer of Record or EOR can help you navigate the complex regulatory landscape and streamline your hiring process. By partnering with an EOR, you can quickly and efficiently hire talent in Switzerland without the need to establish a legal entity.

An EOR acts as the legal employer for your Swiss workforce, handling all HR and compliance responsibilities, while you maintain control over day-to-day operations and strategic decision-making.

Why choose an EOR for hiring in Switzerland?

Employers of all sizes, from small businesses to medium-sized enterprises, trying to figure out a global expansion into Switzerland may be without the in-house expertise and resources to handle local regulations. By partnering with an EOR, businesses can streamline their operations in these regards and focus on core competencies.

By partnering with an EOR to make new hires in Switzerland, businesses can:

• Accelerate hiring and onboarding of top talent in Switzerland without the need for a local entity.
• Streamline HR by outsourcing payroll, benefits, and compliance tasks to the EOR.
• Ensure compliance and minimizing legal risks by ensuring full compliance with Swiss labor laws and tax regulations.
• Optimize resource allocation by delegating core HR and compliance responsibilities to the EOR, empowering yourself to focus on strategic initiatives.

An EOR is the legal employer for your Swiss workforce, taking on HR and compliance responsibilities. This gives you the space to concentrate on your core business while maintaining regulatory compliance.

Choosing between an EOR and PEO in Switzerland

Businesses’ two biggest choices for rapidly expanding into Switzerland are an EOR and a professional employer organization, or PEO. To make the right decision, it’s important to be knowledgeable about the main differences between an EOR and a PEO.

The rational choice for any employer that wants to offload all risk for compliance with employment law in Switzerland is an EOR.

How to select the right EOR provider in Switzerland

When selecting which EOR is best for your expansion into Switzerland, several key factors should be considered. A bad choice in an EOR can lead to issues with compliance, ballooning costs, and a blow to your employee experience.

It’s crucial to assess the EOR’s understanding of Swiss labor laws, regulations, and cultural nuances. Not all EORs have the wherewithal to perform in Switzerland. Here’s what to look for:

• Legal compliance: The right EOR for you will have a significant understanding of labor law in Switzerland, related regulations, and the cultural landscape. Furthermore, look for a provider that knows your industry’s specific challenges in Switzerland.
• Customer service: A reliable EOR should provide exceptional 24-7 human-first support and dedicated account managers for every customer. Multiplier offers all of this, with actual human beings and a dedicated manager, not bots, available to discuss your account around the clock every day of the week.
• Transparent pricing: Hidden fees and unexpected costs are issues with many EORs, which may seem like a good deal at first. Choose an EOR with clear and transparent pricing models. Make sure to figure out the actual cost of commencing with an EOR.
• Total cost of ownership: While initial costs are important, so are the long-term hidden costs and value with an EOR provider. A low-cost provider may compromise on quality of service or compliance, which you do not want. It is imperative to invest in a reliable EOR that can deliver exceptional value and is capable of mitigating risks.

How EOR services work in Switzerland

Step 1: Send that contract over

Once you’ve found the EOR of your choice, generate a locally compliant employment contract. Multiplier’s automated HR functions will produce contracts fully compliant with Swiss labor law in less than five minutes. You then have the opportunity to customize terms such as job responsibilities, working hours, remuneration, and termination conditions. Multiplier will then securely send the contract for signature, streamlining the onboarding process.

Step 2: Enhance compensation with competitive benefits

Want to include a competitive benefits package? To attract and retain top talent, you probably should. Instead of saddling yourself with the monumental task of vetting a slew of local providers, turn to your EOR can help you select suitable benefits that align with local regulations and employee preferences.

Step 3: Get all your documentation in order

To simplify the onboarding process and set up payroll, your EOR will collect necessary documentation, including tax and banking information. This ensures a seamless start for your new hires. Onboarding employees in Switzerland can seem tough, but an EOR like Multiplier at your side will streamlines the process for you.

Step 4: Run payroll for employees based in Switzerland

Running payroll in Switzerland can be complex due to specific tax rates and required social-good contributions. By partnering with an EOR like Multiplier, you can ensure accurate and timely salary payments, all while the EOR handles all local payroll and tax obligations. With a global payroll solution, you can manage payroll for your entire global workforce from a single platform.

Step 5: Manage your employees and leave HR compliance to the EOR

Multiplier handles everything post-hire about onboarding. Your Swiss employees receive their pay from the first paycheck to the last on time and calculated correctly. Additionally, Multiplier will manage involuntary terminations and voluntary leaves to make sure these are compliant with local labor laws.

Moving forward with Multiplier EOR in Switzerland

For businesses looking to expand quickly into Switzerland, an EOR is a highly recommended solution. By outsourcing HR and compliance functions to an EOR, you can streamline operations, mitigate risks, and focus on core business activities.

A comprehensive solution for expanding your workforce in Switzerland, Multiplier’s Employer of Record (EOR) services empower your organization to hire top talent without having to establish your own local legal entity there. With Multiplier, there is a smooth hiring, onboarding, and employee management processes. There is also locally compliant contracts, managed payroll, and a range of customizable benefits tailored to Swiss labor law.

Book a demo today to learn how Multiplier can help you achieve your global expansion goals in Switzerland.