PEOs in India. Things you should know… (1)

PEOs in India. Things you should know…

PEO industry in India

The Professional Employer Organization industry, better known in the west as the ‘PEO industry’ is still in the stage of infancy in India. It is an industry born out of the need to service overseas businesses in the west, primarily in the US.

Remunance is a pioneer and a leader in India specializing in offering PEO service to overseas businesses from Aug 2020. Till date it has more than 50 clients from 7+ countries.

Rajendra, the founder of Remunance, spent significant time researching PEOs in the US. He then carved out a business model that works for India. His team did extensive research to ensure PEO business is compliant and offers strategic geo advantages to overseas businesses.

Taking advantage of India’s surplus talent pool

Indian tech professionals have made a mark on the world stage, leading iconic organizations like Google, Facebook and Twitter to name just a few.

Curating high-caliber talent for you

The number of high caliber Indian professionals is growing at a faster rate since 2014 after the Hon Shri Narendra Modi led BJP (Bharatiya Janata Party) has come to power. It has introduced huge reforms since then. This is evident from the fact that India’s position has gone up 79 positions from 142nd (in 2014) to 63rd (in 2019) in the ‘World Bank’s Ease of Doing Business Ranking 2020.

Recognizing this, Remunance established an in-house team of recruitment specialists. We source professionals from 7+ channels including tier-1 universities. Also, from portals like Naukri.com and Indeed.com to source high-caliber talent for you.

Get hassle-free remote teams 

With this innovative service made available by Remunance, there’s no need for you to form your own legal entity in India. This means, your legal compliance perils are gone! 

When you use Remunance’s PEO service, you get a remote team but Remunance becomes the “legal employer” for all your employees based in India. Remunance is responsible for everything except project execution and management. 

Remunance, your one-stop full-service PEO service firm

Remunance provides end-to-end HR service to your staff members. These include: 
1) sourcing talent 
2) onboarding new staff members, 3) transferring employees from your other entities to Remunance,
4) setting up their bank accounts, 5) conducting timely and accurate payroll, 6) calculating employee’s taxes, 7) taking out their insurance and, 8) administering benefits. You don’t have to do any of that, You simply need to work with them on your projects.

Huge ROI from Remunance’s PEO service 

Remuance’s PEO service has an immediate impact on your business as it;

  1. lowers your operating costs
  2. increases your efficiency, and
  3. increases your productivity as it enables you to hire more staff for the same salary budget.

This is a cost-effective alternative to using freelancers because your staff has a fixed salary. Their compensation does not depend on scope of work.

Compliance is not your responsibility any longer

Remunance undertakes all HR admin tasks. This includes tasks like making accurate salary deductions, paying government taxes and all the related paperwork before, during and after employment. This gives you the freedom and the peace of mind to have high-performance, motivated remote teams.

Retain your employees longer 

Remunance is an experienced best-practice employer who knows what it takes employees to stay loyal to businesses. Our remuneration structure, benefits and processes are aligned to ensure staff stays motivated and focused on delivery. This creates superior working relationships and happy employees.

Remunance, your success partner 

Remunance is your long term partner when you use our PEO service. We handle all your employee admin. We also have specialized teams that handle IT support, Facilities Management and selected business concierge services. This is to ensure support to your employees through all stages of their employment lifecycle.

For more information on how we can help you.