International PEO Services,
Make Working in India Quick and Easy
International Professional Employer (PEO) agencies offer a simple, straightforward solution for overseas companies that already have professionals—freelancers and consultants —working for them in India, to provide employment benefits to their resources.
Remunance as a PEO in India smoothens the way past legal hurdles and bureaucratic tangles, helping overseas businesses get off the ground quickly and cost-effectively—without establishing a local entity. As an International PEO, Remunance provides HR-related services and employee leasing services, i.e. it employs staff on your behalf if you don’t have a legal entity in India.
How an International PEO
Can Change The Game for
The act of doing business involves several essential but non-core activities like managing employees, payroll management, HR-related services, etc. All these come at a relatively higher cost for SMBs and are time- and effort-intensive. Remunance’s International PEO services take on these HR-related tasks without you ceding control of your operations, processes, or performance management. In effect, a PEO agency liberates you to focus on what you do best: grow your business.
Who Can Benefit From
Remunance’s International PEO Services?
sing the knowledge of an external agency or third-party experts, a business organization can outsource its least critical functions at reduced costs. The external agency can choose the best associates from a larger pool of resources to complete the assigned task for you. By outsourcing human resources and non-core functions, companies can easily focus on their critical business activities and conduct their operations in response to changing needs or market conditions.
It is true that working with an external agency allows you to take off your administrative responsibilities. However, hiring outsourcing as a business model can be very risky and challenging for businesses due to the high risk of IP violation, lack of authority and direct communication over the team, and bundle rate charge.
Concerned about flexibility? Freelancing provides an opportunity to hire internationally without any administrative load or effort. Freelancing reduces overhead costs and ensures work flexibility as freelancers are hired as per project requirements. You can also hire freelancers with specialized skill sets and experience as per project suitability, which can be upsized or downsized as per your requirements.
However, in comparison to full-time remote employees, working with freelancers may result in work inconsistency as they have no long-term obligations. Due to the lack of long-term commitment and high attrition rate of freelancers, your ongoing or existing work can be interrupted, thereby, leading to continual talent acquisition.
One of the easiest ways to build a market presence and capitalize on growth opportunities can be by incorporating a subsidiary in India. The subsidiary formation will allow a high level of operational control, allowing parent corporations to coordinate and integrate subsidiary activities with overall corporate objectives. With local networks and a proper understanding of market culture and legislation, legal entities can directly hire local talent, and address risk reduction connected with currency fluctuations, political instability, or changes in trade legislation.
However, incorporating a subsidiary company can be cost-intensive, which normally requires huge capital for considerable upfront expenditures, such as legal fees, infrastructure setup, staffing, and operating expenses. Overseas companies need to have a thorough understanding of regulatory compliance, local laws and regulations, and reporting requirements which can be a challenging or time-consuming process. Moreover, the legal entity can have different business objectives in comparison to parent companies developing a conflict of interest.
International PEO or Employer of Record (EOR) offers all the human resources and employment-related responsibilities and helps you build collaborative remote teams in India. EOR becomes the legal employer of your remote employees in India managing their administrative functions including payroll and taxation. Overseas companies, however, retain operational control of these remote employees while an International PEO or EOR helps you hire, onboard, handle payroll, manage remote teams, and support your remote operations anywhere in India.
What do You get With Remunance
as Your International PEO?
Our team of experts in accounting, HR, laws governing employment, health/insurance benefits, expat support, taxation, and regulatory compliance
Full payroll processing and taxation management
Native understanding of the local culture, market, and employee sensitivities
Self-serve platform for higher transparency
Total control over your India team, processes, performance, and budgets
What is an International PEO?
By definition, an International PEO is a company that acts as a legal employer on behalf of a foreign company for its employee in another country while the employee continues to work for the foreign company. The PEO agency takes care of cost-effective services for HR, payroll, benefits, and risk management. Some agencies like Remunance go a step further to provide extended services like time and attendance, recruitment, employee training, and performance management.
What services are offered by an International PEO?
The ideal International PEO can help you identify and employ best-fit resources (recruitment) and offer other HR-related services, such as payroll processing, insurance, benefits, and risk management. In short, all the services you might need to expand your business to India quickly and cost effectively–without creating a permanent local entity in new geography. Some PEOs like Remunance go a step further to provide extended services like time and attendance, recruiting, employee training, and performance management.
What are the advantages of a PEO over Outsourcing?
Choosing to hire a team in India through a PEO versus an outsourcing agency offers the following advantages:
- The hiring process is transparent and collaborative. The team is hired based on your requirements in India, and you are involved at every step of the process
- The team is dedicated to working only for you with direct reporting and periodic interactions
- The employee policies are mutually decided by the PEO agency and you in order to incorporate the same company culture as your office abroad
- You get the undivided attention of a dedicated workforce and have better control over their deliverables and efficiency
- It helps you test the waters before establishing your own subsidiary in India for subsequent business expansion
- The trained and experienced team, which is hired for you by the PEO can be seamlessly transferred to your own subsidiary in India at a later stage, whenever it is formed
How can the International PEO model save costs for you as a startup?
You save on company formation and registration charges
You avoid annual compliance and audit charges
- You do not require in-house HR, a lawyer, CA, etc.
- You can transfer your existing staff to India or hire resources from India
- Your workforce will be onboarded for you in India, and you can begin operations within days
- You get assured mandatory compliance of your staff as per Indian laws
- Your employees are covered under a group insurance policy
- Your monthly payroll, compliances, and taxation of your employees are executed through accredited professionals
- You get guidance on the required visa procedures and paperwork for the smooth processing of visa and work permits
- Accurately manage relocation expenses and reimbursements, as necessary