Partnering with an EOR ed document
                     Best HR Practices for business  
growth
Best HR practices play an important role in your business 
expansion plan.  Making use of a good HR strategy will help in 
delivering quality business  execution. A good HR practice is as 
relevant as the sales and marketing  strategies of your company. 
Your employees are ultimately your biggest  asset, and when you 
treat them well, they will reciprocate in a way that will  take your 
business to the next level.
Partnering with an EOR (Employer of Record) or PEO (Professional  
Employer Organization) in India will be beneficial for you when 
hiring  remote teams or an employee. For the EOR will co-partner 
with the  responsibility of implementing the best HR practices for 
your business  growth.
EOR (Employer of Record) services in India, an ally for best HR  
practices
Joining hands with an Employer of Record in India will take the  
administrative load off your shoulders. They will become your on-
paper  employer for your resources. The EOR will look after HR-
related employee  activities, local compliance, and payroll. A 
good EOR will work on creating  a mutual understanding and 
most importantly employ the best HR  practices for your business 
growth.
Best HR Practices for business growth
Adopting the best HR practices is important for your business. It 
will  improve your work culture, and employee satisfaction, and 
promote  business growth. Here’s looking at why adopting 
healthy, employee-centric  HR practices is good for your business 
growth.
Here are some of the best practices you can consider:
An open-door policy
Creating an approachable environment is important for your 
employees.  An open-door policy will encourage transparency in 
your business. It will  give your employees easy access to senior 
management. It will give them  a platform to talk about their 
ideas and work-related issues. You can then  offer them solutions 
accordingly by addressing their issues rightfully.
Also, implementing an open-door policy will not make your 
employees feel  undervalued and search for better job prospects 
elsewhere.
Emphasis on creating a happy workplace culture
When you provide your employees with a comfortable work 
environment, it  will boost their mood and morale. Building a 
strong organizational culture
will motivate them to come to work, instead of being forced to. 
You can  make their life more convenient by providing them with 
free healthy meals,  office transportation, and paid parental and 
child care leaves. This will lead  to better employee preservation.
Rewarding their performance with bonuses and other perks
When you reward employees for their efforts with bonuses and 
other  perks, it will make them feel appreciated. This will 
encourage them to stay  in your company and ultimately enhance 
employee retention.
The process of finding a replacement is as tedious in terms of 
cost, as  putting in time and effort to find the right talent. A study 
conducted by the  Society for Human Resource Management 
suggested that a salaried  employee’s (senior executive) 
replacement is equal to six months’ wages.  This will impact your 
employee turnover financially, cause project delays  and loss of 
productivity.
Sharing resources and knowledge
When your employees will work together as a coherent team, it 
will  encourage them to achieve a common business goal. You can 
implement  strategies like maintaining a knowledge base data, 
and storing inputs and  takeaways of employees. Especially after 
attending seminars, webinars,  and skill development programs 
are a great way to a systematic  knowledge preservation 
approach. Sharing their knowledge and insights  will help your 
employees to achieve a common goal.
Encouraging a neutral evaluation system
The approach of giving a neutral evaluation system will give your  
employees the confidence to continue putting in their best 
efforts. All  junior, mid, and senior-level executives should be 
evaluated fairly. They  should be given appropriate and 
constructive feedback as well. Also,  encouraging cross-functional 
feedback will give your employees an insight
into bettering their performances and identifying their strengths. 
Evaluating  your employees on their performances and not 
connections will motivate  them to give their best.
Being open to feedback from all
It creates a business in which your employees will feel invested. 
Employee  feedback is one of the most important data sets in 
your company which  can be determined by conducting 
employee satisfaction surveys.  Following this practice will 
ultimately help you gain trust and make your  employees feel 
valued as well.
Encouraging innovation and new ideas
This HR practice will promote a healthy work culture in your 
company that  will encourage innovation and new ideas. When 
your employee feels they  can contribute, and their suggestions 
are respected, it motivates them ever  more to deliver well. This is 
essential for your business growth.
Discouraging seniors from favoring their favorites
You should ensure there is no room for discrimination or 
favoritism. It will  pit colleagues against each other and hamper 
team bonding. This will  create a toxic work environment and 
affect business growth ultimately.
One rulebook to rule them all
You should ensure that your company follows one rulebook for all. 
 Irrespective of the position or designation, following the same 
rulebook, is  as important as adopting best HR practices. 
Regardless of the position  they hold, everybody in your company 
should be treated equally and fairly.
Key to a happier work environment
The key to creating a happy work environment is to encourage 
your  employees to be involved at work. You should motivate 
them to participate  in different work activities and team-building 
exercises. You should also  encourage them to find solutions to 
end conflicts.
Google, Zappos, Warby Parker, Chevron, Twitter, and Facebook are 
a few  examples of companies that avoid micromanaging, 
prioritize employees’  well-being and create a friendly work 
culture environment.
Adopting the best HR practices will help your business deal with 
attrition,  encourage employee satisfaction and in turn improve 
work productivity.  Aligning these HR practices with your 
organization’s business strategy will  ensure efficiency. A good 
HR strategy will make your employee’s lifecycle  a fulfilling one.
Remunance, your co-partner for implementing the best HR practices
Our mission at Remunance, as an EOR service, is to offer you the 
best of  both worlds. Our intention is to create a winning team 
culture for your  foreign company through an ideal selection 
process. Our team of HR  professionals will find the right fit who 
will contribute to your business  growth. We follow a structured 
recruitment process to improve hiring  efficiency.
We will shoulder your employee responsibilities as we have an in-
depth  knowledge of the trends in employee and HR policies in 
India. We ensure  every employee aligns with your company’s 
objectives and policies.
Our EOR services will handle HR support, employee training, and  
recruitment. Our expert team of accounting, HR, and legal 
professionals  will handle employee taxation, employee benefits 
and salary processing.  We have a fully transparent and self-
servicing employee portal. We know  the Indian pulse well and will 
tailor the best HR practices for your foreign  business company.