Not all EORs are built the same
Most providers resell a chain of partners. We run the chain ourselves. Here is what that changes for your team, your costs and your risk.
Thriver vs global EOR platforms
| Thriver | Global EOR platforms | |
|---|---|---|
| Who employs your team in Mexico | Our own REPSE-registered employer, run by our team | Their own entity or an in-country partner, depending on the country |
| Who runs payroll and legal | Our in-house payroll and labor law teams in Mexico | A central platform, often backed by local partners |
| Employer of Record fee | $499 per employee per month | Commonly $599 to $699 per employee per month |
| Exchange rates | Market rate on the payment date. 0% margin | A currency spread can be built into the rate |
| Employment structure | Designed per role by our legal and tax team, within the law | One standard model per country |
| Support | A named HR partner who knows your team | Ticket-based support that varies by plan |
| Where they are strongest | Mexico, with Contractor of Record in 12 LATAM countries | Breadth: many countries on one dashboard |
EOR, Global Payroll or Contractor of Record
Three ways to build a team abroad. The difference is who the legal employer is.
Employer of Record
Thriver is the legal employer. You need no entity. Full statutory benefits.
$499 per employee per month
Global Payroll
Your own entity is the employer. We run payroll, taxes and contributions for it in local currency.
Contractor of Record
Independent professionals, engaged and paid compliantly, with a monthly tax compliance review.
$325 per contractor per month
Talk to the team
Tell us who you need to hire and where. We follow up with a line by line cost breakdown before you sign anything.