Level up 💪 your contractor compliance with Remote’s new Contractor of Record

Did you know 36% of companies admit to “sometimes or always” misclassifying employees as contract workers?

In 2023, Nike faced over $530 million in potential tax fines for misclassifying thousands of temporary workers. But, misclassification isn’t just a challenge for multinational companies — it’s an issue for businesses of all sizes navigating the complexities of hiring abroad.

Managing contractors means tackling compliance, understanding local labor laws, ensuring timely payments, and mitigating risks.  At Remote, we understand how overwhelming this can be for growing businesses.

That’s why we’re thrilled to introduce Remote Contractor of Record (COR) — a powerful solution designed to simplify contractor management and provide unparalleled legal protection.

What is a Contractor of Record?

A Contractor of Record is an all-in-one solution that enables businesses to outsource the onboarding, management, and payment of contractors. 

Unlike our traditional contractor management solution, Remote COR assumes greater legal responsibility for your contractors, allowing you to focus on growth while we handle the complexities of compliance, risk mitigation, and administration.

How can a Contractor of Record help businesses?

We get that global businesses face ongoing hurdles when managing contractors, including:

• Compliance challenges: Local labor laws differ across jurisdictions, increasing the risk of misclassification and legal disputes.

• Administrative overload: Onboarding, contract setup, payroll management, and tax filings can consume valuable time and resources.

• Risk management: Misclassification of contractors can result in costly fines and litigation. 

• Global payments: Ensuring accurate and timely payments across multiple currencies is logistically challenging.

Remote Contractor of Record solves these problems by assuming all contractor-related responsibilities and liabilities, giving businesses peace of mind and operational efficiency.

Why choose Remote Contractor of Record?

With Remote Contractor of Record, the contract is between Remote and the contractor, providing an added layer of legal security for your business.

Here's why Remote COR can be a game-changer for your business.

1. Get instant access to compliance expertise with uncapped indemnity protection

A major challenge businesses face in managing contractors is mitigating misclassification risks. Research indicates that 40% of freelancers believe they have been misclassified.

Remote Contractor of Record helps minimize these risks, ensuring legal compliance and peace of mind. From day one, Remote assumes liability with uncapped indemnity protection, shielding businesses from legal exposure when managing international contractors.

2. Streamline administrative workflows

With our COR, you no longer need to waste hours on tedious administrative tasks. Remote handles everything from a single platform freeing up time to focus on business growth without getting bogged down by administrative complexities.

Remote COR handles:

• Onboarding, offboarding, and contract management

• Contractor classification and compliance

• Quick and easy global payments

One tool to replace all of the multiple tools and manual processes required to manage contractor onboarding, payments, compliance, and admin.

3. Simplify global expansion

Use our Contractor of Record to make it quick and easy to scale your team globally. We can enable businesses to onboard talented contractors in new markets without the need to set up local entities.

By managing contractor administration, including local agreements, onboarding, offboarding, and compliance, Remote COR eliminates operational headaches and ensures accuracy across a global workforce.

This approach allows businesses to test new markets quickly and efficiently, accelerating global expansion and unlocking opportunities for growth with reduced risk and greater flexibility.

4. Efficient payment processing

Our research shows that 85% of freelancers have their invoices paid late at least some of the time.

We solve this problem by making it super easy to pay contractors no matter where they are based. With support for over 70 currencies and multiple payment methods — including bulk payments and cryptocurrency — COR automates international payments for you with our:

• Bulk payment workflows

• Automated invoice approvals

• Real-time payment tracking and alerts.

Your contractors will be paid accurately and on time, with minimal effort.

5. Localized contracts and IP protection

Remote provides COR-specific localized Contractor Services Agreements (CSAs) are signed between Remote and the contractor⁠. These standardized and localized contracts ensure compliance with local regulations while protecting both parties⁠

Remote also implements a 2-step IP process that ensures your intellectual property remains fully under your control. This process is designed to eliminate risks and streamline ownership, giving you peace of mind.

Like what you see? Take a demo of Remote Contract of Record.

Hassle-free contractor management and compliance with Remote

Remote’s Contractor of Record isn’t just a solution — it’s your trusted partner 🤝 for seamless global contractor management.

With Remote COR’s end-to-end support, legal expertise, and seamless payment solutions, you can scale your business with confidence, compliance, and efficiency. 💪

Let us handle the complexities so you can focus on what truly matters — driving growth and success. 🚀

Remote COR is your all-in-one solution for global contractor management. Don’t wait — learn more and get started today!