<aside> 💡 What is an EOR ? Pennylane is not allowed to hire employees outside of the countries where its business is located (for now France). Therefore it is necessary to have a third-party called an EOR to act as an intermediary. An Employee of Record (EOR) is an entity that legally employs workers on their country of residence on behalf of another business.
What does this mean for you ? You will be formally employed by Deel, which has a separate agreement with Pennylane that outline the missions you will accomplish for Pennylane. You’ll have an employee status and will follow the labour law in your country of residence. You will receive stock options in the form of BSA in similar conditions as French contracts receive BSPCE.
How to onboard on Deel ? Watch this video to learn more about how to onboard on the platform Deel. You’ll receive the email once Pennylane gives you access to Deel.
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Those perks are for EOR in every country.
Read more about perks in this file :