Remunance| EOR services in India

Remunance EOR Services Make India a Great Place to Work

Working with your remote team in India can be a rewarding experience when you avail the expert services of an EOR in India like Remunance.

We have the experience, resources, and knowledge capital to help businesses—from SMBs to large enterprises, enjoy the multifarious opportunities India offers.

We manage everything from hiring, onboarding, HR services, IT & infra-support to legal and regulatory compliance matters.

Meet Your Business Objectives Quickly and Cost-effectively

As one of the most experienced EOR service provider in India, Remunance has the resource depth, knowledge base, and local network to help you:

Remunance Expertise

Recruitment

India has a vast talent pool, and we have the resources, network, and expertise to help organizations tap into this pool. Our HR team, for instance, has a multifarious understanding of job descriptions (JD), the process of headhunting, screening and negotiating to get you the talent you need at the lowest possible costs. We have access to resource portals, local networks, campuses, etc., to make smart hiring a snap.

Employee Onboarding and Lifecycle Management

Over the years, we, at Remunance have perfected our processes and protocols to help onboard your new employees smoothly with airtight contracts. They are legally compliant and aligned with your values, performance expectations, and frameworks that simplify the management of your team. Through our self-serve HR portals, you have full access—and control—of every aspect of your employee’s engagement, from observing individual employees’ status to monitoring certain aspects of their performance. Think of us as an extension of your HR department in India!

Office & Infrastructure Support

Need prime office space in any Indian metro? No problem. Through our affiliated network of rental and co-working spaces, Remunance can accommodate your India team’s space needs, no matter how large or small, quickly and cost-effectively.

Subsidiary Formation

Once you have established your presence and consolidated your business in India, the next logical step is to incorporate your own entity. And we’re with you at every step of your India journey. Over the years we have helped our PEO clients go from new entrants to the Indian sub-continent to flourishing businesses with their own legal entities. The benefits are substantial, and we can help you experience them all.

IT Infrastructure Support

For remote working to be successful it is critical that your people have a robust IT ecosystem that can lean on. Remunance has the expertise and network to ensure this. Remunance offers all the support you need, including

Purchase/leasing of IT hardware

Management of hardware through tagging and tracking

Remote desktop support

Payroll and Compliances

Remunance started out as a professional payroll management company, so we are more than conversant with payroll processes such as tax deductions, salary transfers, and maintaining records of

https://remunance.com/employer-of-record-services-in-india/

Expanding Business to India

India leads an attractive business destination for global brands owing to its optimistic spending behavior, business-friendly policies, and rich talent pool that can be hired at affordable resource costs. When a business aims at expanding in India, it focuses on establishing an overseas territory and growing its strength to service clients.

Overseas businesses usually promote remote teams and virtual working environments. This is to facilitate their need for infrastructure as no bar. Hiring talent is one part but retaining that resource remains a challenge.

Also, for any company from across the globe willing to set up an operation in India, it is essential to research and navigate local labor laws to steer clear of employment risks. Keeping track of these changes requires you to incorporate finance, HR, and payroll specialists into your team.

Wouldn’t it be easier if you could get away from this nightmare of adhering to complex Indian statutory tax and labor law compliances? Hiring employees in a new country is lengthy, complicated, and expensive. You have to establish a local entity or a subsidiary, and deal with currency conversions and overseas banking. These tasks are tedious and take time away from productive work.

To avoid this hassle, PEO (Professional Employment Organization) and EOR (Employer of Record) concepts were introduced in the early 1970s. For companies operating in a foreign land, PEO became a useful way of outsourcing particular HR functions and reducing costs. Whereas, for businesses looking at hiring talent in other countries without forming a legal entity, EOR became the right fit.

The early version of PEO services: US-based model

In the US domestic model, the early version of the ‘co-employment’ model got recognized by the legislature. It gained popularity as a way of cooperating in the administration of employment contracts between the employing company, an administrative company, and the employee. On a formal basis in law, the PEO agencies began offering more comprehensive services than employee leasing.

The DIY (do-it-yourself) approach of incorporating, registering, and running a local payroll was worthwhile for companies looking at commitment to a country. But for those willing to enter new markets in other countries, leveraging international PEO/ EOR became an ideal alternative.

The modern structure of International PEO/ EOR services

There are small differences between the traditional PEO/EOR model and the International PEO/EOR. Some firms coined the terms International PEO/EOR to describe the services offered globally rather than a country-based model. In short, the difference between the two can be better understood as – in the case of PEO, you must have a local entity in foreign land whereas, for an EOR, you don’t need a local presence.