Add right talent at reduce cost with Indian PEO (1).pdf
1. Add right talent at reduce cost with Indian PEO
Finding “local high-quality talent” is indeed a challenge in countries like the US,
the UK, most European countries, and Australia. It is not affordable. Talented
people are in demand in large businesses and houses having deep pockets.
These large businesses are also fishing for talent in the same talent. The result,
is higher salaries, a high rate of job switching, and reduced loyalty toward
employers. This creates a perfect environment for an unstable workforce,
something that SMEs cannot sustain.
How can small business owners and SMEs overcome this
challenge?
By thinking out of the box. Looking for high-quality talent outside your local area
or even overseas? In eastern countries where English is their second language.
Countries like India, Nepal, Pakistan, Sri Lanka, Bangladesh, Bhutan, Vietnam,
Philippines, and Singapore are all multicultural countries that conduct business in
English. Their workforce is largely graduates from colleges and universities
where English is the second language.
Amongst all these nations, India has the largest pool of high-quality talent and is
the undisputed leader. India has come of age after 2014, post the Narendra
Modi-led BJP (Bharatiya Janata Party) government came to power and showed
remarkable achievements.
With such massive transformational initiatives underway there is no doubt that
India has become the “go-to” place for hiring talent as well as a lucrative 1.3
billion strong market. Several G20 countries like the US, the UK, Australia, and
countries from the European Union have started flocking to India to access its
market and source high-quality talent.
This is evident from the fact that many countries including Australia and the UK
have decided to increase their trade with India and have signed bilateral free
trade agreements. Google launched its digital wallet platform and online
payment system G-Pay in India before rolling it out to the rest of the world.
The billionaire investor Vinod Khosla once said, “Educational competition in India
and societal chaos helps hone their (Indian tech professional’s) skills in addition
to the rigorous technical education.”
According to Wikipedia in 2020, India has over 1000 universities, with a break
up of 54 central universities, 416 state universities, 125 deemed universities,
361 private universities, and 159 Institutes of National Importance which include
AIIMS, IIMs, IIITs, IISERs, IITs, and NITs among others.
Some of the world’s premier business houses are relocating their significant
business operations to India including manufacturing plants like Apple Inc. These
business units are not just coders but they undertake deep sophisticated work in
the field of data science, strategy development, sophisticated design, and state-
2. of-the-art software development in the field of AI, Deep & Machine learning, IoT,
AR, VR, Drones and research in several other cutting edge sectors.
Wouldn’t you want to tap into this amazing
opportunity?
There was a time when this was really difficult because of complex regulations
and inefficiencies in the Indian legal system. This has all changed. Indian states
are making rapid changes. There is healthy competition to attract business
investments. As a result, India has jumped 79 positions from 142nd (2014) to
63rd (2019) in the Ease of Doing Business ranking since Honorable prime
minister Shri Narendra Modi took over.
According to sources in the MF and the UN, India’s economy has become one of
the largest in the world with a GDP of $2.94 trillion, overtaking the UK and
France in 2019 to take the fifth spot. India’s GDP (PPP) is $10.51 trillion,
exceeding that of Japan and Germany. Now India is on aiming to become a $25
trillion economy before this government goes to poll again in 2027.
How is Remunance poised to offer you a strategic
advantage?
Remunance is uniquely positioned to harness this opportunity for you.
Remunance is an Indian business modeled on the basis of US PEO companies
and PEO service providers (professional employer organization) and the
European EOR (Employer of Record) companies, making it really easy for foreign
firms to hire high quality Indian talent.
3. Pioneering the way forward in India
Remunance is pioneering the way forward in India to create a brand new PEO
industry. Never before was this even thinkable, leaving aside actually having a
functional remote team running within 3 weeks without having a legal business
entity in India. Up until a few years ago, businesses used to “outsource” projects
to Indian IT companies which spawned huge growth in the IT sector during the
80s and 90s. India became a world leader in IT service. Now Indian companies
are building their own platforms and products. India has recently hit a century of
unicorns and growing. During the pandemic, the Indian workforce has become a
lot of savvy in working with foreign firms. Now they routinely work as part of a
global team.
Remunance makes it very easy for you
Remunance experienced HR professionals advertise the position, curate the
applications received, and present you with a few hand-picked high-quality
resumes that fit your selection criteria. Remunance’s experienced HR admin
team coordinates interviews with you, across time zones. You interview and
select the candidates, shortlist the winning candidate and Remunance does the
rest including negotiating the salary as per your budget, issuing appointment
letters, background checks, fixing the joining date, and managing their on-
boarding. A couple of weeks later, you have a productive staff member onboard
ready to work on your projects. Easy?
Feel free to speak with one of our friendly strategy consultants to discuss your
requirement.