What Is “Employer of Record” and Do I Need It?

The Employer of Record (EoR) is the easy solution to your international administration and staffing challenges. If you need legal, administrative, and payroll support for employees from another country, this is your answer.

At FatCat Coders, our Employer of Record package includes everything needed to legally hire full-time employees in Serbia through our legal entity. 

This package covers basic legal, administrative, and payroll support tailored to your needs and in compliance with Serbian law.

Let’s go through the details of EoR, including what it covers, what you can expect from us, costs, and when you should consider it.

What Is FatCat Own Team™ Service?

FatCat Own Team™ is our Employer of Record service for Serbia, designed to simplify and streamline your payroll and benefits administration.

In addition to the core services, FatCat Own Team™ offers an optional comprehensive benefits package, including health insurance and paid time off, to help companies attract and retain top talent. 

Our team of HR experts ensures compliance with all relevant labor laws and regulations, providing companies with peace of mind knowing they are meeting their legal obligations.

Why Do People Prefer Full-Time Employment?

Many people prefer full-time employment over B2B contracts because it provides security and protection under Serbian labor laws, which align with European Union standards.

Besides security, full-time employment positively impacts credit scores and pension plans.

Having that in mind, here are some of the most important Serbian Labor Law highlights: 

• Employees are entitled to 20 days of paid time off annually.

• Employees get a day off on public holidays (~10 days yearly).

• Six-month probation period with a five working days notice period.

• After six months, the notice period is a minimum of 30 days.

You can find more information about Serbian Labor Law here. 

That is why we developed a service that allows employees to benefit from labor security while providing employers with the fastest and most convenient way to hire people in Serbia.

How Does FatCat Own Team™ Work?

In just four easy steps you can have your next Serbian employee:

1. Sign the NDA.

2. We will share with you the draft of our Service Agreement and Employee Work Contract.

3. Introduce us to the employees you want to hire through us.

4. FatCat will legally employ your employees and handle the administration for you.

You can book an introductory call for more information.

How Much Does This Service Cost? 

The Employer of Record (Core Service) can be paid either monthly or annually. The price covers all administrative, legal, and payroll costs as per Serbian law, as mentioned earlier.

Employer of Record Pricing:

• €400 per month if paid monthly.

• €350 per month if paid annually.

What About the Benefits Package?

Besides the Core Service, we also offer various benefits that enhance employee motivation and support a healthy work-life balance.

In addition to benefits mandated by Serbian labor law, you can provide your employees with additional optional benefits to strengthen your position as an attractive employer and improve employee retention rates.

Here is the list of these additional benefits:

You can always contact us for pricing details. We can discuss these benefits further, analyze costs, and tailor a special benefits package for your Employer of Record (EoR) employees to suit your needs.

What Should I Know More About Hiring In Serbia?

There are several benefits to hiring employees in Serbia. Here are some of them:

• Convenient time zone (GMT+1)

• High English proficiency

• Cultural compatibility

• Presence of major tech companies

• Experience with remote work

To learn more about the benefits of hiring people from Serbia, you can check out our blog article.

With our extensive experience supporting over 30+ full-time employees in Serbia, you can potentially extend your team with a fully onboarded teammate in less than 24 hours. 

Visit our hiring platform to view all currently available profiles.

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