Employer of Record (EOR) for Australian Financial Services Companies Hiring in the Philippines

By: Martin English

Published: May 29, 2026

Last Updated: September 10, 2026

Australian financial services firms can hire employees in the Philippines without setting up a local company.

 

Smart Outsourcing Solution acts as your Employer of Record. We employ your Philippines-based team members locally and manage their employment contracts, payroll, statutory administration and HR support.

You remain responsible for the employee’s daily work, training and performance. SOS manages the local employment requirements and provides support throughout the process.

SOS provides EOR services for Australian businesses hiring in the Philippines for a flat fee of US$190 per employee per month.

Recruitment is included. There are no hidden SOS provider fees, FX markups, onboarding fees or provider termination or exit fees. Employee salary, statutory contributions, 13th-month pay, benefits, allowances, equipment and other employee-specific costs are billed separately where applicable.

What is an Employer of Record?

An Employer of Record allows an Australian business to employ people in the Philippines without establishing its own Philippine entity.

SOS becomes the local employer and manages the employment administration. Your business continues to manage the employee’s daily responsibilities, work priorities, training and performance.

An EOR can be useful for firms hiring:

  • Paraplanners
  • Client service officers
  • Mortgage processing assistants
  • SMSF administrators
  • Bookkeeping and accounting support staff
  • Finance assistants
  • Compliance administration staff
  • Back-office operations teams

If you are planning your first hire, see our guide to hiring employees in the Philippines without setting up a company.

Why Australian financial services firms use SOS

Australian firms often need more than access to offshore talent. They also need a clear employment structure, reliable payroll, local HR support and proper documentation.

SOS helps businesses:

  • Hire employees in the Philippines without establishing a local entity
  • Build dedicated finance, administration and client-service teams
  • Manage local employment contracts and payroll
  • Administer statutory requirements
  • Keep day-to-day control of the employee’s work
  • Maintain clearer records for internal review and provider oversight
  • Move suitable contractors into formal employment
  • Receive support from a real team throughout the employment process

For a provider comparison, see the best EOR options for Australian financial services companies hiring in the Philippines.

What is included in the SOS EOR service?

SOS manages the local employment administration for your Philippines-based employees.

Service or cost How it is treated
SOS EOR management fee US$190 per employee per month
Recruitment and candidate selection Included
Employment contracts Managed by SOS
Employee onboarding Included, with no separate onboarding fee
Payroll and payslips Managed by SOS
Statutory administration Managed by SOS
HR and employment records Managed by SOS
HMO or benefit enrolment Supported where applicable
Provider termination or exit fee None
FX markup None

See EOR pricing in the Philippines for the full pricing structure.

What is billed separately?

The US$190 fee covers the SOS EOR service. Costs directly related to the employee are separate where applicable, including:

  • Employee salary
  • Employer statutory contributions
  • 13th-month pay
  • HMO or other benefits
  • Allowances
  • Equipment
  • Other approved employee-specific costs

These costs are listed separately. There are no hidden SOS provider charges or unexplained FX markups.

For a more detailed cost model, see the EOR cost breakdown.

How the process works

1. Confirm the role

We discuss the position, required experience, salary, working hours, benefits and equipment.

2. Recruit and select candidates

SOS supports recruitment and candidate selection. Recruitment is included in the EOR management fee.

3. Prepare employment documents

SOS prepares the local employment documentation and supports the employee through onboarding.

4. Manage payroll and HR administration

We manage payroll, payslips, statutory administration, employment records and local HR support.

5. Continue managing the employee

Your team manages the employee’s daily work and performance. SOS continues to support the local employment requirements.

What your business manages

An EOR manages the local employment structure. Your business remains responsible for the employee’s work and your own Australian obligations.

Your business manages SOS manages
Daily work and priorities Local employment
Training and supervision Employment contracts
Performance management Payroll and payslips
System access Statutory administration
Client confidentiality HR records and support
Internal controls and approvals Local employment compliance

An EOR does not transfer your Australian regulatory responsibilities. Your firm remains responsible for supervision, data access, client confidentiality, internal controls and provider oversight.

Read our data security and employment compliance guide for Australian finance teams and our guide to CPS 230 and offshore teams in the Philippines.

When should you use an EOR?

An EOR may be suitable if your business wants to:

  • Hire one or more employees in the Philippines
  • Build a dedicated offshore support team
  • Employ staff without opening a Philippine entity
  • Move an existing contractor into formal employment
  • Keep control of the employee’s daily work
  • Work with a provider focused on Philippine employment administration
  • Replace or move away from a global EOR platform

Before selecting a provider, use the Australian financial services EOR vendor scorecard.

If you are reviewing contractor arrangements, read our guide to converting contractors to employees in the Philippines.

If you already use another EOR, see how to switch EOR providers without disrupting your team.

Speak to an EOR Specialist

If you’re exploring hiring finance or accounting staff in the Philippines, Smart Outsourcing Solutions can provide:

  • Salary benchmarks in AUD
  • All-in offshore hiring cost breakdowns
  • AFSL outsourcing compliance guidance
  • Payroll and statutory compliance support
  • EOR onboarding typically within 1–3 weeks

Transparent EOR Pricing

  • Flat fee of US$190 per employee per month
  • No setup fees
  • No recruitment fees
  • Transparent fixed pricing

Speak with an EOR specialist experienced in supporting Australian accounting, mortgage, and financial services firms hiring in the Philippines.

Book an Introductory EOR Call today!

Frequently asked questions

How much does SOS charge for EOR services?

The SOS EOR management fee is US$190 per employee per month. This is the only standard management-fee rate. It is not a starting price, estimate or price range.

Is recruitment included in the EOR fee?

Yes. Recruitment and candidate selection are included. There is no separate recruitment fee.

What costs are separate?

Employee salary, employer statutory contributions, 13th-month pay, benefits, allowances, equipment and other employee-specific costs are separate where applicable.

Are there hidden fees or FX markups?

No. SOS does not charge hidden provider fees or FX markups. Any employee-specific or approved third-party costs are listed separately.

Are there onboarding or termination fees?

There is no separate SOS onboarding fee, provider termination fee or exit fee. Employee-related final pay or statutory obligations required under Philippine law remain separate where applicable.

Who manages the employee?

Your business manages the employee’s daily work, priorities, training and performance. SOS manages local employment, payroll, HR administration and statutory requirements.

Do we need to set up a Philippine company?

No. An EOR allows your business to employ people in the Philippines without establishing its own local entity.

 

Build your Philippines team with SOS

Planning to hire finance, compliance, administration or client-service staff in the Philippines?

Speak with a Philippines EOR specialist about your hiring requirements, employment structure and next steps.