How Ontop Increased Revenue by Adding EOR Services
Challenge
As a hiring solutions provider, Ontop was only hiring contractors and helping clients with a payroll manager. They wanted to offer more services to prevent misclassification, increase revenue and don't depend only on one or two products. Ontop needed a reliable local partner in Mexico to offer Employer of Record Services to their clients without having to set up their own legal entity in the country.
We now have more revenue and don't depend only on one product. Cornerstone Global HR has given us experience, great hiring times, quality, amazing service. — Camila Cortés, Product Owner, Ontop<br /> <br /> Partnering with Cornerstone has increased our revenue. They have experience, great hiring times, quality, and an amazing service. — Camila Cortes, Product Owner
Solution
Partnering with Cornerstone Global HR allowed Ontop to offer their clients full time employees in Mexico without having to set up a legal entity. Cornerstone provided comprehensive Employer of Record services through their own legal entity in Mexico, enabling Ontop to expand their service offerings beyond just contractors and payroll management. The partnership gave Ontop access to Cornerstone's expertise in local compliance, hiring processes, and HR management in Mexico.
Results
The partnership enabled Ontop to diversify their revenue streams and reduce dependency on a single product offering. They successfully transitioned from having 0 full-time employees to growing constantly, with their first hire completed within 1 month of starting the partnership in March 2022. The collaboration provided Ontop with increased revenue, experience, great hiring times, quality service, and amazing customer support. This allowed them to offer a more comprehensive suite of services to their clients while maintaining full compliance in Mexico.