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So you want to hire someone in Burkina Faso. Problem is, your company is located somewhere else.
If you’ve done some research, you’ve probably been told you should be using an Employer-of-Record (EOR). Why? Well, if your company isn’t located in Burkina Faso, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.
But there’s a catch: EOR solutions in Burkina Faso are expensive—usually at least $500 per month per employee—and can take time to set up. And because you’re complying with a different set of labor laws, logistics and benefits can end up costing you lots of time and money. While they will save you time from setting up your own entity, they’re rarely cheap or fast.
The good news? There’s another way to hire remote workers in Burkina Faso, and it doesn’t involve forking out huge amounts of money for an EOR.
The solution: Hire your teammates in Burkina Faso as contractors. If you’re hiring remotely and your teammates have autonomy, there’s a good chance you can make compliant contractor hires. You still have to use locally-compliant contracts, but the process is a lot easier, more affordable, and faster.
We built Thera to help you make contractor hires, in 150+ countries (like Burkina Faso). So you can hire the people you want on your team, without paying thousands for an EOR. You can get set up in a couple of clicks—and you’ll only pay $49 per contractor per month.
It’s just as easy as it sounds. No catch. Here’s what Thera looks like vs. an EOR in Burkina Faso:
Are you considering expanding your business to Burkina Faso? As a business owner or manager, you may be wondering about the best way to hire employees in a foreign country. One option is to use an Employer of Record (EOR) service. In this post, we'll break down what an EOR is, how it works in Burkina Faso, and why hiring an independent contractor might be a better option.
An EOR is a third-party service provider that acts as the employer of record for your employees in a foreign country. This means that the EOR takes care of all the legal and administrative tasks associated with employing workers, such as payroll, taxes, and compliance with local labor laws. As the client, you maintain control over the day-to-day activities of your employees.
Burkina Faso has a complex legal and regulatory environment for employers. The labor code is extensive and covers everything from working hours to social security contributions. Employers are required to register with the National Social Security Fund and obtain a work permit for foreign employees.
Using an EOR in Burkina Faso can help you navigate these legal and regulatory requirements. The EOR will ensure that your employees are paid on time, that taxes and social security contributions are deducted and paid, and that all necessary permits and licenses are obtained.
However, it's important to note that using an EOR can be expensive. EORs typically charge a fee for their services, which can add up over time. Additionally, you may have less control over the day-to-day activities of your employees, as the EOR will be responsible for managing their employment contracts.
Given the complexity and cost of using an EOR in Burkina Faso, hiring an independent contractor may be a better option for your business. Additionally, hiring an independent contractor can be more flexible than using an EOR. You can negotiate the terms of the contract directly with the contractor, and you'll have more control over the work they do. This can be especially important if you have specific project requirements or need someone with a particular skill set.
We’ve got two pieces of good news for you. For one, if you’re hiring remotely, it’s unlikely you’ll misclassify your contractors. Many of the things that qualify people as employees, such as company equipment and set working hours, don’t typically apply to remote work.
Still, it’s helpful to have the comfort of knowing you’re not at risk for misclassification. That’s why, at Thera, we’ve launched Misclassification Assurance: so you can hire contractors abroad, worry-free. Learn more about hiring with Thera below.
If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.
With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.
Sound interesting? Click here to book a demo and see the platform firsthand
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