Know how having a criterion can simplify your decision of selecting a PEO in India
Choosing to work with an international PEO in India is a wise decision. A PEO (Professional Employer Organization) creates a partnership to address all of a company’s specific needs while minimizing costs, reducing risk, and increasing your team’s productivity. It is an all-in-one solution for your HR functions and responsibilities.
You cannot beat the value of a PEO who plays an unavoidable role in remote team building, employee benefits, payroll processing, and other tasks while remaining compliant with local labor laws. You get to hire remotely in India and scale your business exponentially.
PEOs make it simple and efficient for expanding their operations and setting up business in India. But before starting a business with a Professional Employer Organization in India, you need to consider certain criteria.
Every International PEO provides compliant services and effective HR solutions. Having criteria simplify your search and can help you evaluate a PEO service provider in India based on its unique services that set them apart.
To help you make a learned decision, we are sharing with you such 4 unique criteria that can prove to be instrumental while selecting an International PEO in India.
Top 4 criteria to select a PEO in India
Apart from basic criteria like remote services, affordable pricing, and management benefits here are 4 criteria that are critical for selecting a PEO in India.
- Capability to hire competent resources
All employers are required by law to provide appropriate HR paperwork for their employees for perfect local compliance. Failing to do so will have regulatory consequences for the Indian PEO service provider.
Before partnering up with a professional employer organization, ensure you are signing up with a compliant organization. To be certain, investigate the management and administrative expertise, certifications, and accreditations for a better insight into the PEO competency. Examine the agency’s track record and ask for referrals if needed.
- Employee retention support for the employees
Without setting up a subsidiary in India, a PEO model provides you with options for hiring remote employees. Partnering with PEOs in India that have developed their own network offer assistance in a background check and other verification protocols. This is necessary especially when hiring outside your country.
Choosing a PEO service provider to make hires on your behalf is just the beginning. Search for businesses that will deploy reliable and solid HR practices, and provide recruitment consultations, human resource training programs, and consultations on employee-related issues.
Providing benefits like health insurance, maternity leaves, ancillary insurance, and so on can go a long way toward maintaining employee satisfaction and engagement with the workplace. Through such employee retention support, PEO service providers guarantee resources they are engaged for you, are competent, and happy with the workplace thereby reducing staff attrition rates.
- Managing onboarded resources
As you are aware, the PEO model is employed to hire staff prepared for the workplace. Payroll, employee benefits, taxation, and other duties continue to be handled by the Indian PEO. However, a top PEO partner would also assist you in getting the most out of your remote team’s throughput and enhance productivity.
Extended IT and HR support can help to accomplish this. Ensuring there are no obstacles in the way of employees performing their best work is the goal. For this, understand if the PEO provides tailor-made employee benefits and if their staffing procedures fulfill your HR requirements.
- Turnaround times of PEO agencies
When deciding to select a PEO in India, consider the timeline that the PEO service providers can offer. Turnaround times are important because they represent the PEO’s skill and experience. A new PEO service provider can get stuck up in the process and cause unnecessary delays.
You might not always have the luxury of waiting for your Indian remote workforce to be operational. A PEO partner with expertise in the Indian marketplace who can expedite the hiring process is always a plus point.
Allowing your PEO partner that has a firm grasp of legalities and processes to take over the HR responsibilities can help while setting up your business foot in India. Hiring an International PEO is the most suitable choice for any overseas company planning to expand its business operations in India. Don’t forget to check reviews and testimonials on channels such as Facebook, LinkedIn, and on Google website. These reviews help in understanding whether a PEO resonates with your company’s needs and can provide the required services for your organization.
How can you guarantee success with your PEO venture?
The goal of working with a PEO is to lighten your workload. Knowing that their PEO is taking care of their more administrative needs while they concentrate on the core of their business gives business owners peace of mind. The PEO in India ensures, among other things, that taxes are filed accurately, that the company complies with Indian employment laws, and that particular employee-related disputes are effectively resolved. Selecting a PEO after carefully studying the market can guarantee success in your business expansion plans in India.
Remunance as a success partner
Rajendra Vaidya, Founder of Remunance, has conducted deep research on the PEO model and successfully molded it into the Indian scenario. Today, Remunance is powered by an accomplished team of experts who understand local compliance like the back of their hands.
We provide comprehensive solutions through our end-to-end HR services. That includes talent sourcing and onboarding, and resource induction under Remunance. It also includes payroll processing, employee taxation, insurance, and other employee benefits. When you sign up with Remunance, the entire journey from selecting resources to making them operational is way more convenient. Simply put, working with Remunance as your PEO partner in India will allow you to focus on building client relationships and expanding your business on Indian soil.