Ontop, a YCombinator-backed startup established in 2020, offers innovative Employee of Record (EOR) services designed to help global companies reduce hiring expenses significantly. With its latest tool, the employee cost calculator updated in 2024, Ontop enables businesses to determine the cost of hiring workers in various countries, potentially saving up to 25% on employment costs. This tool aids in making informed decisions by providing insights into different countries' labor laws, tax structures, and additional hiring costs. Moreover, Ontop's EOR Services facilitate companies in hiring employees globally without the need to establish a legal entity, thereby focusing on core business functions and accelerating success rates.



Ontop's EOR services mission is clear: to empower companies expanding globally to save up to $100,000 USD annually. Ontop, the innovative YCombinator backed startup founded in 2020, is making waves in the global business landscape with the expansion of its EOR Services, and with them, a series of tools that helps companies save by taking informed decisions.

MIAMI, March 11, 2024  Ontop's EOR services mission is clear: to empower companies expanding globally to save up to $100,000 USD annually.

Ontop, the innovative YCombinator backed startup founded in 2020, is making waves in the global business landscape with the expansion of its EOR Services, and with them, a series of tools that helps companies save by taking informed decisions.

One of the latest tools that has been launched is the employee cost calculator, updated in 2024. The tool enables businesses to calculate the cost of hiring workers in different countries, facilitating businesses to save up to 25% by hiring the right talent in the right country. It is not an easy task, companies can save a 10% in employees contributions hiring in Chile instead of Brazil, but at the same time they will find several type of talents in both countries, so at the end is a matter of having the correct information at the right time as Santiago Vicaría, VP of Marketing, says:

"Securing the best talent at the most cost-efficient price is a global competition. With Ontop, you've won. This is our motto, our highly talented distributed team it's a greatest part of our success, and it's why we want companies to achieve the best talent at the best cost. One of our bets to reach this goal is to develop a series of tools that helps HR VPs, chiefs of staff, financial and payroll directors and founders make the right decisions hiring talent and scaling globally."

The calculator not only provides a side-by-side comparison of employee expenses but also takes into account the intricate regulatory frameworks. By factoring in diverse labor laws, tax structures, and additional costs associated with hiring in these regions, businesses gain comprehensive insights into the financial landscape.

However, it's not just information that aids in cost savings for companies. Ontop is also extending its EOR Services to assist businesses looking to globally hire employees through an EOR. This eliminates the need to invest significant time and resources, often amounting to thousands of dollars, in establishing a legal entity. Companies can redirect their focus to their core operations, while Ontop handles the rest.

The advantages of leveraging an EOR for hiring are widely recognized and embraced by large-scale enterprises. Delegating compliance, tax, and legal responsibilities to an EOR enables companies to achieve success at a faster pace. Because securing the best talent at the most cost-efficient price is a global competition. With Ontop, you've won.

The Employee Cost Calculator is now available at https://www.getontop.com/employee-cost-calculator

About Ontop

Ontop is a Miami-based startup that enables businesses to make their global payroll process smooth and simple. Building a high-tech product to effortlessly streamline the global payroll process, they help companies onboard new hires, sign their contracts, automate their payments, and also give their workers the possibility to access state-of-the-art financial services.

Learn more at www.getontop.com