Uploaded on Sep 16, 2022
Companies often face hurdles finalising their international business expansion strategies because hiring locally becomes a challenge. Global PEO EOR services are meant to take care of this snafu for anyone who wants to hire remote resources.
Global PEO EOR Services for Business
Global PEO EOR Services for
Business Growth
Companies often face hurdles finalising their international
business expansion strategies because hiring locally becomes a
challenge. Global PEO EOR services are meant to take care of this
snafu for anyone who wants to hire remote resources. To see how
global PEO EOR services are the best way to expand
internationally, let us look at the 3 prominent ways a company
can establish an international presence. For example, we will
consider whether y ou want to establish a business presence in
India.
1. Incorporate subsidiaries in the target location:
Once you incorporate a subsidiary in India, you are legally
allowed to hire resources directly from the Indian talent pool. The
caveats of this process are explained in our blog on subsidiary
formation so we won’t get into details here. Instead, let’s
understand if this is a suitable option.
This method of international business growth is suitable only if
you plan to create a substantial presence in the Indian
marketplace. But if you’re only looking to tap into the Indian
resource talent pool, this is not a feasible option
It creates a separate legal entity in India. You are liable to pay
taxes on all operations and transactions you carry out. You will
need a dedicated accounting division to handle accounting,
taxation, and employee compliance.
If all of this seems a bit too extravagant just for hiring remotely,
look for other options.
2. Register as an employer in the target location:
This method is the least expensive of all, but is also largely
dependent on prevalent laws in the target location. For example,
this option is not available in India yet but maybe available in
other countries.
However, if you choose to go this route upon confirming it is
available, you will not have a local representative for the target
country looking after hiring. It will be your head office, situated
abroad, who will look after scouting for resources and choosing
the best ones. They will be the ones formalizing employment
contracts and looking after employee compliance . If they do not
understand the local bylaws, they will land up in trouble.
3. Employ global PEO EOR services to make local hiring
partners:
Of the 3 methods, global PEO EOR services offer the fastest
turnaround times. A global EOR / PEO service provider in India will
act as the legal employer of your resources in India. The agency
assumes employer responsibilities like employee compliance,
employment tax, and employee benefits.
If you choose to go this route, you will find employees become
operational in almost no time. You also create a local partnership
in India, which has huge benefits in terms of understanding the
underlying market conditions.
EOR / PEO services in India:
When seeking partnerships with the PEO industry, you must look
at how well the Professional Employer Organization understands
the Indian market. Another deciding factor when choosing a PEO
agency in India, is how well the PEO service provider
understands your business objectives.
Remunance offers an amalgamation of both the above pivotal
points. We understand the Indian pulse and are familiar with the
fluctuations and trends in the Indian markets. We also have very
big listening ears to understand your business goals in India.
Take a look at our PEO offering to see if we’re compatible with
each other. If we are, the Enquiry button is always available!
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