Data-Driven Workforce Development: Turning Insights Into Action

Employers of Record (EORs) and Agents of Record (AORs) are becoming a go-to solution for companies in all industries, simplifying hiring and workforce management in an increasingly globalized market.

But here’s something you might not realize: A good EOR or AOR partner can also become your strategic guide, using data insights to help you make smarter workforce decisions.

​MBO Partners shares how leveraging data-driven capabilities from a global workforce solutions provider offering EOR and AOR services can provide your business with a competitive edge.

The Data Advantage of Modern Workforce Solutions Providers

Top global workforce solutions providers will gather and analyze valuable data about employment, including hiring trends and team productivity across different countries.

This information can help you compare salaries across regions and track hiring timelines in different markets. It also lets you measure employee satisfaction globally and identify trends that impact retention.

Working with a partner that specializes in data analysis often provides you insights that would be difficult and costly to gather on your own. These insights can have a positive impact on several aspects of your organization:

Supporting Expansion into New Markets

Expanding into new countries without reliable local data can be difficult. A talent solutions provider with strong data expertise can help new markets before investing too much time or money.

For example, your provider can analyze the talent pool in a region and provide insights on average pay rates. You might discover that hiring programmers in Location A is more cost-effective than in Location B, but turnover rates are higher.

With a clearer view of the market, you can make informed decisions that balance cost savings with workforce stability.

Building Fair and Competitive Pay Packages

Attracting top talent while keeping costs under control requires a careful strategy.

A workforce expert that specializes in EOR and AOR services can provide critical insights, including:

• Up-to-date salary benchmarks for specific roles in each region
• A breakdown of total employment costs, including benefits and taxes
• Analysis of how different pay structures affect performance
• Guidance on balancing competitive pay with cost management

With these insights, you can make informed decisions that attract the right talent without exceeding your budget.

See: Common Myths About Working With an Employer of Record; Common Myths About Working With an Agent of Record

Improving Your Hiring Process

Effective hiring across multiple markets requires more than good intentions. A data-smart talent partner tracks important metrics and helps you improve your hiring process based on what works in each location.

For example, your partner might discover that certain hiring tactics perform better in specific regions, or that your interview process takes too long compared to others, causing you to lose good candidates. They might also identify skills that are becoming harder to find in particular markets.

In the end, you can focus your recruitment efforts where they’ll be most effective instead of using the same approach everywhere.

Reducing Compliance Risks

​Violating employment laws, like misclassifying workers, can lead to major fines and hurt your company’s reputation. Top workforce solutions providers track changes in job rules across cities and countries to stay ahead.​

Being aware of these changes early allows you to plan your workforce more effectively. This way, you can avoid surprise costs and keep your business running smoothly while others rush to catch up.

When a consulting firm wanted to improve their workforce compliance, they worked with MBO Partners. Together, we created a program that reduced enrollment time, saved money, and improved satisfaction—saving the firm over $6 million.

Discover: How an AOR Can Help You Reduce Compliance Risks

Improving Employee Retention and Engagement

In 2023, the average annual employee turnover rate in the U.S. was 41%, according to the Bureau of Labor Statistics. Similar rates have occurred in many other countries worldwide. This turnover can be expensive, especially in competitive hiring markets.

Companies with EOR/AOR services use data analytics to help identify factors that may cause workers to be dissatisfied. For example, your EOR might find that workers have issues with your onboarding and training process.

What’s more, they can also track engagement metrics to identify early warning signs of burnout or dissatisfaction, which helps you take action before employees decide to leave.

Making Strategic Workforce Decisions

One of the biggest advantages of working with a data-driven EOR/AOR partner is improving your workforce strategy. With the right partner, you can make better hiring decisions using performance and cost data.

Your partner can also help you find the right balance between full-time employees, contractors, and project-based workers. They also provide insights into which roles work better with remote teams versus in-office teams.

Understanding how different work arrangements affect productivity and employee satisfaction helps you build a workforce that aligns with your business goals.

Check Out: Essential Questions to Ask When Evaluating EOR Options; Essential Questions to Ask When Evaluating AOR Options

Discover Why MBO Partners Is a Top Choice for EOR and AOR Solutions

If you’re considering partnering with one of today’s leading AOR or EOR service providers, contact MBO today. We work with clients in over 100 countries, including this Big Four consulting firm that expanded their international operations with our support. Let us handle your workforce management, so you can focus on growing your business.