How to choose the right PEO partner

(a) Importance of PEO for a successful overseas business expansion

(b) Worried about Overseas Business Expansion? Choose the right PEO partner.

Overseas Business Expansion is not an easy task. We understand the entrepreneurial challenges that a SME or an organization looking forward to open newer business operations can face. Between figuring out how best to expand, researching and complying with the numerous local laws as well as handling local employment steps amongst many other things, expansion remains a considerable challenge for most businesses looking to enter a new market.

The good news is that it doesn’t need to be such a hassle! Indeed, when partnering with a local Professional Employer Organisation (PEO), you can expand quicker with more ease, whilst reducing costs, risk and continue the focus on core business (product /market).

The PEO model is a unique option for small & medium business enterprises (SMEs); looking for affordable services for overseas business expansion. In fact in today’s world, the model (PEO services) is also opted by large companies as it brings efficiency by taking baby steps without investing battery of own resources for testing the waters in any new market. Remunance is one such company that offers PEO services. Deploying an efficient PEO partner has its own benefits, like: 

  • Lesser administrative tasks: If you partner with a PEO, all the humdrum administrative tasks of managing your business are out of your hands. This gives you more time to focus on the day-to-day operations of your business.

  • Benefits: The PEO model provides small businesses the opportunity to enroll in benefits that are usually only available to large corporations. Your employees often have access to health plans at lower costs compared to dealing directly with insurance companies. This means better healthcare, retirement and workers’ compensation coverage for your business and its employees.
  • Legal compliance: PEOs have trained professionals whose job is ensuring your business complies with state and federal regulations. This includes tax structures, HR law changes, worker safety compliance and other risk compliance factors. Knowing that your business complies with federal, state and industry rules and regulations can give you a lot of peace of mind.
  • Talent acquisition: With better benefits and stronger HR policies, you can attract top talent in your field. If you need help hiring, onboarding or even terminating an employee, PEO services can help. They also provide other resources for posting job openings online and managing the interview process.
  • Legal protections: Most PEOs provide civil defence and employment liability insurance in case a former employee sues your company for discrimination or wrongful termination. 

Remunance has been in the business of providing PEO / EOR services from 16+ years. It is a seasoned player with extensive experience, spanning across sectors, of setting up successful companies in India from 15 + countries. Remunance offers one stop solution to all foreign companies who are aiming India as next business operations destination.

As a foreign company that does not have any establishment in India cannot directly hire employees to work in India. If this foreign company does not wish to establish an entity in India or would prefer to test the waters before that, going through a PEO/ EOR agency like Remunance is the ideal way forward in order to build the team in India.

A Professional Employer Organization (PEO) is an excellent starting point for small, medium and growing business to venture into a new country. PEO is a company that acts as a legal employer for the employee in another country while the employee works for his actual employer company (Client).  The PEO agency takes care of cost-effective services for HR, payroll, insurance, benefits, and risk management. Remunance goes one step further – in addition to what generally PEO agencies offer, we provide extended services like leave management, recruiting, employee training, office infrastructure and HR management. 

The other allied services of Remunance include- HR, Accounting, Taxation & Payroll management. Remunance comes with a proven experience of establishing over 56 global companies in India. Remunance has been offering the PEO/EOR services for over 15 years and this long experience, maturity, seamless processes & professional approach helps establish any foreign entity in India in the easiest manner.

For more information, visit :https://www.remunance.com