Employer of record Services in Indiaby Steve Manon Content Promoter
Situated in the south of the great Himalayan range, India is the second most populated country in the world. Due to its diverse weather, growing industries, and most importantly, skilled workers, many multinational companies are opening their branches in this country. Since the last century, the Indian government has opened its doors for foreign direct investment. The tax scenario of India for foreign companies is pretty agreeable as well.
The Indian market is mainly consumer-oriented. This is clearly a big advantage in the context of business expansion. That is why business owners from America, Europe and Southeast Asia are coming to India for a budget-friendly and effective international business expansion. This article focuses on the employer of record India and its services mainly.
Why should the business owners partner with the employer of record India?
Although the employer of record is a third-party organization, they handle all the minutes of employment-related tasks for the company in a foreign land. The Indian employer of record is known for its vast local networks. They help you adhere to the local cultures and keep you away from tax-related legal issues. Many client companies have referred to the employer of record India as their best friend in the foreign country for business expansion.
Services of Employer of record
· Recruitment process
The main role of the Indian employer of record is to hire the right candidates for the company offices in India. Every year, lakhs of talented students pass out from reputed institutes of India. The employer of record India screens those students and recruits them for these multi-national foreign companies. During the interview, the EOR team helps the interviewers to abide by the local culture, etiquettes, and laws.
· Immigration and visa
If the company relocates a hired candidate to India or to some foreign country, the employer of record India helps there too. They help the employees with immigration-related tasks. Also, the EOR team can arrange for temporary accommodation on foreign land and a work permit on request. In addition, the Indian employer of record keeps track of the visa status of the employees serving the company in a foreign land. If there is any change in the foreign visa rules and regulations, they will appraise the employees about those updated notices.
· Holidays, vacations, and leaves
The Indian employer of records monitors the paid holidays and leaves of the employees over a long term. They adjust the salary of the employees according to these data. When it comes to maternity leaves, the Indian government has certain rules. Every company working in India is bound to follow those rules and regulations. These EOR sets aside a few days for the employee vacations as well.
· Employment benefits and insurance
The Indian employer of record takes care of the employment benefits as well. They send a certain amount to the pension fund of the employees. They even monitor the health insurance, health cover, life insurance of the employees at the request of the company.
· Payroll service and tax
The Employer of record is mainly known for its payroll services. The team of EOR assists the company with tax filing, business account management, on-time salary payment, etc. Due to all these services, many people confuse the employer of record with PEO.
· Termination of employment
The Employer of record drafts the employment contracts and termination letters of the employees. They add the termination grounds on the employment contract and hand it over to the employees post the hiring process. If the employees violate the termination grounds, the team of EOR sends the termination letter to them stating the end of employment.
The employer of record will fit in your business expansion budget as they charge a very minimal amount. They even help the parent companies with the decision on business strategy. So, if you are thinking about global expansion, you must contact them from the very beginning. They have a team of experts who will advise you on several aspects. Also, before choosing any particular employer of record service, you should do some research on your own.
Created on Aug 14th 2021 09:54. Viewed 231 times.