A PEO (Professional Employment Organisation) is essentially an agency that acts as the legal employer in another country on behalf of a foreign company (the actual employer) and enables it to hire employees in that country.
Why PEO delivers for businesses in Saudi Arabia - WhitepaperAlexis Aboagye
Professional
employer organisation services, or the
shorter PEO as its usually called, is rapidly heading
towards being the next business trend As more
companies expand into new markets, it's often a way
for them to improve staff benefits and administrative
processes that they would not be able to otherwise
PEO also allows companies access to a range of support
services that facilitate business growth, expedite the
hiring process and give an increased access to expert
support
Having HR, legal and finance in sync is important when hiring international employees. Will they be contractors or employees? What types of contracts are required? Do they need to set up an entity?
At PEO Broker LLC, we understand the difficulties and bottlenecks for finding the right PEO for your business. That’s why we devise an outstanding plan for PEO Human Resource Management running through multiple checks, comparisons, and industry insights. We help you with our transparent PEO Payroll Services through one-point contact. You can reach us at 713.822.1508.
If your company is considering international expansion and moving / hiring staff around the globe this guide is a must-read.
It deals with the main aspects to consider for achieving the best expansion plan.
From budgeting correctly and choosing the right entity type to sending expats and running a shadow payroll this guide has you covered.
Our guide also illustrates the typical global mobility and international expansion issues encountered by other organizations so you can learn what NOT to do from other people's mistakes vs at your own expenses.
To find out more about planning for international expansion and understanding your global mobility needs, view this SlideShare.
DISCLAIMER: the content of our guide has been prepared for informational purposes only, and is not intended to provide, nor should you rely on it for, legal, tax, or accounting advice in any jurisdiction. You should consult your own legal, tax, and accounting advisers as part of your international expansion and global mobility plans.
HR Challenges and Solutions - Maintaining Compliance and Mitigating Future RiskADP Marketing
Many companies are facing increasing challenges to stay up to date with risk and compliance. Learn how to take control of compliance and manage risk in your business.
A PEO (Professional Employment Organisation) is essentially an agency that acts as the legal employer in another country on behalf of a foreign company (the actual employer) and enables it to hire employees in that country.
Why PEO delivers for businesses in Saudi Arabia - WhitepaperAlexis Aboagye
Professional
employer organisation services, or the
shorter PEO as its usually called, is rapidly heading
towards being the next business trend As more
companies expand into new markets, it's often a way
for them to improve staff benefits and administrative
processes that they would not be able to otherwise
PEO also allows companies access to a range of support
services that facilitate business growth, expedite the
hiring process and give an increased access to expert
support
Having HR, legal and finance in sync is important when hiring international employees. Will they be contractors or employees? What types of contracts are required? Do they need to set up an entity?
At PEO Broker LLC, we understand the difficulties and bottlenecks for finding the right PEO for your business. That’s why we devise an outstanding plan for PEO Human Resource Management running through multiple checks, comparisons, and industry insights. We help you with our transparent PEO Payroll Services through one-point contact. You can reach us at 713.822.1508.
If your company is considering international expansion and moving / hiring staff around the globe this guide is a must-read.
It deals with the main aspects to consider for achieving the best expansion plan.
From budgeting correctly and choosing the right entity type to sending expats and running a shadow payroll this guide has you covered.
Our guide also illustrates the typical global mobility and international expansion issues encountered by other organizations so you can learn what NOT to do from other people's mistakes vs at your own expenses.
To find out more about planning for international expansion and understanding your global mobility needs, view this SlideShare.
DISCLAIMER: the content of our guide has been prepared for informational purposes only, and is not intended to provide, nor should you rely on it for, legal, tax, or accounting advice in any jurisdiction. You should consult your own legal, tax, and accounting advisers as part of your international expansion and global mobility plans.
HR Challenges and Solutions - Maintaining Compliance and Mitigating Future RiskADP Marketing
Many companies are facing increasing challenges to stay up to date with risk and compliance. Learn how to take control of compliance and manage risk in your business.
Business demand is never constant. There are times when there is a surge in demand which may be seasonal or due to a major project that you have secured. These are temporary phases when you need extra staff and once the demand falls or the project is over, they are no longer required.
Top 10 key features of payroll software for startups!.pdfleenadavis3
Many SME business owners postpone the implementation of payroll and HR software till
they come to a certain size. They think that manual payroll processing, or a limited
desktop software, is sufficient for their organisation
The article focuses on the Return on Equity (ROE)as the benchmark .docxmattinsonjanel
The article focuses on the Return on Equity (ROE)as the benchmark for assessing a business’s financial health.
Do you agree with this approach? (Support your response with 2 - 4 examples of financially healthy companies.).
Additionally, this article presents a spreadsheet analysis for commission-based businesses. What approach would you implement for a manufacturer?
How would it differ for a service organization, such as a CPA firm, staffing firm, or consulting firm?
ommission-based organizations’
values are affected by factors that
are not typical of manufacturing or
other retail business entities. One such
example is an insurance agency, which
exemplifies three factors germane to a
commission-based business. First, an
agency acts as an intermediary by pro-
viding the service of arranging insur-
ance coverage between an insurer and
an insured party. Thus, one of the
agency’s most valuable assets is its
client list. Second, the agency has the
fiduciary responsibility of either collect-
ing or arranging for the payment of pre-
miums by the insured to the insurer.
Third, an agency business typically is
not capital intensive, and owners gener-
ally take most of the profits of the
agency as bonuses or salary.
Our purpose in this article is to show
how a simple spreadsheet model can be
used to demonstrate the impact of dif-
ferent operating and capital manage-
ment strategies on the financial perfor-
mance of a commission-based business
such as an insurance agency. The model
is easy to develop and understand and is
flexible enough to allow for numerous
strategies. Instructors can use the model
to isolate the impact of a single strategy
or measure the impact of a combination
of strategies on performance.
The objective of the manager of a fee-
based business is to coordinate the
resources available in such a way as to
maximize financial performance. Man-
agement must determine growth, operat-
ing expenses, investment opportunities,
cash management opportunities, and the
level of profit retention. All of these fac-
tors affect financial performance and will
be considered in the model.
A typical business has various mea-
sures of financial performance that are
used in evaluating its health. Although
various measures have been developed
for evaluation of the productivity and
profitability of a commission-based
business, in this article we focus on the
rate of return on equity (ROE). Owners
and managers affect the numerator of
ROE by controlling growth, operating
expenses, investment opportunities, and
cash management opportunities. Own-
ers and managers affect the denomina-
tor of ROE by determining the profit
retention rate and, thus, the equity posi-
tion of the business. Successful business
owners should strive to maximize ROE,
which serves as a proxy for maximizing
the value of a business.
The Model
The model is a spreadsheet model that
can be used for any commission-based
business, such as an insurance agency,
travel agency, fo ...
There are few constants in this world, but the way in which we do business is not one of them. Instead, companies must actively adapt to change within the marketplace. As the international landscape continues to grow smaller due to advances in technology, businesses are realizing the importance of operating on a global scale. As with any equally ambitious venture, although there is great potential for a strong return on investment (ROI), moving to a global model – or even strengthening one’s current global infrastructure – comes with a unique set of challenges. Among the most prevalent are the needs to operate around-the-clock, extend influence within emerging markets and implement a global vision throughout the enterprise.
View the original Blog post: http://www.eprentise.com/blog/the-changing-enterprise/preparing-for-tomorrows-market/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
There are few constants in this world, but the way in which we do business is not one of them. Instead, companies must actively adapt to change within the marketplace. As the international landscape continues to grow smaller due to advances in technology, businesses are realizing the importance of operating on a global scale.
View the original Blog post: http://www.eprentise.com/blog/the-changing-enterprise/preparing-for-tomorrows-market/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
India is the new start-up nation! With third highest start-ups launched in the world after US and UK in the year 2015. To build the investors’ confidence and brand reputation, to drive the top line growth and protect the bottom line, it’s imperative for any start-up to be ready! As startup our plan should focus all three aspects of a business i.e. Commercial, Financial and Compliance.
Outsourcing payroll also comes with additional data security as these consultancies will be equipped with highly updated resources and strategies to protect the sensitive information of employees.
How Third-Party Payroll Companies Improve Compliance Accuracy.pptxpaysquare consultancy
Within the framework of business management, the issue of salary and its complicities can become spiritually fragmented. It is a very complex process and demanding stuff that involves calculating taxes, finding all the regulations for the changing ones and many more things that involve much attention to detail. This is where the 3rd party payroll services enter the picture as they provide a great deal of needed support to the businesses which desire to smooth the administrational burden by offering accuracy and compliance in their operations.
What Are Financial Statements?
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.
Business demand is never constant. There are times when there is a surge in demand which may be seasonal or due to a major project that you have secured. These are temporary phases when you need extra staff and once the demand falls or the project is over, they are no longer required.
Top 10 key features of payroll software for startups!.pdfleenadavis3
Many SME business owners postpone the implementation of payroll and HR software till
they come to a certain size. They think that manual payroll processing, or a limited
desktop software, is sufficient for their organisation
The article focuses on the Return on Equity (ROE)as the benchmark .docxmattinsonjanel
The article focuses on the Return on Equity (ROE)as the benchmark for assessing a business’s financial health.
Do you agree with this approach? (Support your response with 2 - 4 examples of financially healthy companies.).
Additionally, this article presents a spreadsheet analysis for commission-based businesses. What approach would you implement for a manufacturer?
How would it differ for a service organization, such as a CPA firm, staffing firm, or consulting firm?
ommission-based organizations’
values are affected by factors that
are not typical of manufacturing or
other retail business entities. One such
example is an insurance agency, which
exemplifies three factors germane to a
commission-based business. First, an
agency acts as an intermediary by pro-
viding the service of arranging insur-
ance coverage between an insurer and
an insured party. Thus, one of the
agency’s most valuable assets is its
client list. Second, the agency has the
fiduciary responsibility of either collect-
ing or arranging for the payment of pre-
miums by the insured to the insurer.
Third, an agency business typically is
not capital intensive, and owners gener-
ally take most of the profits of the
agency as bonuses or salary.
Our purpose in this article is to show
how a simple spreadsheet model can be
used to demonstrate the impact of dif-
ferent operating and capital manage-
ment strategies on the financial perfor-
mance of a commission-based business
such as an insurance agency. The model
is easy to develop and understand and is
flexible enough to allow for numerous
strategies. Instructors can use the model
to isolate the impact of a single strategy
or measure the impact of a combination
of strategies on performance.
The objective of the manager of a fee-
based business is to coordinate the
resources available in such a way as to
maximize financial performance. Man-
agement must determine growth, operat-
ing expenses, investment opportunities,
cash management opportunities, and the
level of profit retention. All of these fac-
tors affect financial performance and will
be considered in the model.
A typical business has various mea-
sures of financial performance that are
used in evaluating its health. Although
various measures have been developed
for evaluation of the productivity and
profitability of a commission-based
business, in this article we focus on the
rate of return on equity (ROE). Owners
and managers affect the numerator of
ROE by controlling growth, operating
expenses, investment opportunities, and
cash management opportunities. Own-
ers and managers affect the denomina-
tor of ROE by determining the profit
retention rate and, thus, the equity posi-
tion of the business. Successful business
owners should strive to maximize ROE,
which serves as a proxy for maximizing
the value of a business.
The Model
The model is a spreadsheet model that
can be used for any commission-based
business, such as an insurance agency,
travel agency, fo ...
There are few constants in this world, but the way in which we do business is not one of them. Instead, companies must actively adapt to change within the marketplace. As the international landscape continues to grow smaller due to advances in technology, businesses are realizing the importance of operating on a global scale. As with any equally ambitious venture, although there is great potential for a strong return on investment (ROI), moving to a global model – or even strengthening one’s current global infrastructure – comes with a unique set of challenges. Among the most prevalent are the needs to operate around-the-clock, extend influence within emerging markets and implement a global vision throughout the enterprise.
View the original Blog post: http://www.eprentise.com/blog/the-changing-enterprise/preparing-for-tomorrows-market/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
There are few constants in this world, but the way in which we do business is not one of them. Instead, companies must actively adapt to change within the marketplace. As the international landscape continues to grow smaller due to advances in technology, businesses are realizing the importance of operating on a global scale.
View the original Blog post: http://www.eprentise.com/blog/the-changing-enterprise/preparing-for-tomorrows-market/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
India is the new start-up nation! With third highest start-ups launched in the world after US and UK in the year 2015. To build the investors’ confidence and brand reputation, to drive the top line growth and protect the bottom line, it’s imperative for any start-up to be ready! As startup our plan should focus all three aspects of a business i.e. Commercial, Financial and Compliance.
Outsourcing payroll also comes with additional data security as these consultancies will be equipped with highly updated resources and strategies to protect the sensitive information of employees.
How Third-Party Payroll Companies Improve Compliance Accuracy.pptxpaysquare consultancy
Within the framework of business management, the issue of salary and its complicities can become spiritually fragmented. It is a very complex process and demanding stuff that involves calculating taxes, finding all the regulations for the changing ones and many more things that involve much attention to detail. This is where the 3rd party payroll services enter the picture as they provide a great deal of needed support to the businesses which desire to smooth the administrational burden by offering accuracy and compliance in their operations.
What Are Financial Statements?
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.
Similar to Why peos-are-important-in-a-global-payroll-strategy (20)
Looking to expand your business globally? You would need the help of an international Employer of Record (EOR) services company in India. EOR also takes care of all compliances of the team, payroll processes, tax computations.
Looking to expand your business globally? You would need the help of an international Employer of Record (EOR) services in India. EOR also takes care of all compliances of the team, payroll processes, tax computations
Employee records that document the individual’s personal and professional details need to be maintained. This also helps to meet stipulated guidelines and regulations
The key differences between the MDR and IVDR in the EUAllensmith572606
In the European Union (EU), two significant regulations have been introduced to enhance the safety and effectiveness of medical devices – the In Vitro Diagnostic Regulation (IVDR) and the Medical Device Regulation (MDR).
https://mavenprofserv.com/comparison-and-highlighting-of-the-key-differences-between-the-mdr-and-ivdr-in-the-eu/
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
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Kyiv PMDay 2024 Summer
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Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
1. Why PEOs are Important in a Global Payroll
Strategy?
The COVID-19 pandemic has brought virtual teams and remote working at the
front and center of almost every outward looking organization’s employment
strategy, especially in the case of startups and SMEs planning international
market expansion. In their endeavor of spreading their geographical reach to
newer territories, it can become increasingly overwhelming for companies to
manage the complexities of employment laws, salaries, union negotiations,
employee benefits, taxes, and other necessary compliances across different
regions all by themselves. This is because every nation has its own set of
unique labor laws and regulations which need to be complied with and failure
to do so could potentially lead to heavy penalties which can be a significant
setback for a growing company.
2. Adding a Professional Employment Organization (PEO) to the global mix can
significantly help foreign companies in consolidating and maintaining a Global
Payroll Strategy. A PEO essentially provides value added services such as
recruiting, local tax and compliance, payroll processing, benefits
management, salary requirements, work permits, etc. and takes over all non-
core activities thereby taking over the burden of managing these aspects from
the foreign company. Moreover, while the remote teams would be hired on the
PEO’s payroll, the foreign company would still maintain control over the
employees’ deliverables and daily activities. In short, hiring a PEO would give
a foreign company direct control over a dedicated remote workforce without
the hassles of managing local compliances in the various regions in which the
workforce is physically located.
For a global payroll strategy to be successful, it needs two main components
– timely computation and payments as well as 100% local compliance. While
the former is relatively easier to manage, compliance management becomes
a complex task because different countries have different rules and
regulations which exposes payroll professionals to higher risks because of the
increasing regulatory complexities being laid out by different governments
across the world.
For instance, some countries in the European Union require salaried
employees to keep track of their time spent at work. If these salaried
employees work more than the required hours, they may be entitled to
overtime pay and non compliance to these local labor and payroll laws can
expose the company to heavy penalties.
Here are some examples of country-specific fines and penalties:
Hong Kong: Any company that has not set up a Mandatory Provident
Fund (MPF) plan may be liable for criminal prosecution with possible
fines of up to HK$100,000 and six months imprisonment; persistent
offenders risk a penalty of HK$200,000 and one year in prison.
Australia: Misclassifying workers as independent contractors in
circumstances where they are employees could make a company
3. liable for a penalty of up to A$54,000 and A$10,800 per occasion for
any individual involved in the infringement such as a director or
relevant manager.
Mexico: Companies must provide and record skills and competency
training for employees. Failure to do so will result in significant fines.
Running a business across different geographies can be a challenging task
especially for a startup or an SME which is on a rapid growth path. In most
cases, companies struggle to find a single vendor for all their global payroll
requirements and end up hiring multiple vendors across different geographies
for their different needs. As companies grow in size and enter newer markets,
it becomes increasingly tedious and cumbersome to manage multiple vendors
across multiple time zones. Moreover, while these vendors would be very
efficient in delivering the specific results in terms of filing returns or processing
payroll, they don’t assume any of the risks associated with non-compliance, if
at all any.
Consolidating all these different vendors via a PEO not only takes away the
stress of managing these non-core activities and related compliances, it also
gives the company more bandwidth to focus on business growth. Moreover,
the PEO agency would assume the majority of the compliance related risks
and bear this burden on behalf of the foreign company which can be a real
game changer for rapidly growing startups and SMEs.
In a nutshell, PEOs help companies successfully navigate the complexities of
global payroll by providing the following services:
Payroll compliance: Fully managing payroll across various
jurisdictions. This typically includes producing payslips, submission of
statutory filings and payments, and generating year-end reports
Payroll funding: End-to-end delivery of global payroll funding
services across multiple geographies
Expatriate payroll: Access to support such as hypothetical tax
estimation and withholding, tax equalization, shadow payroll, tax
planning, etc
4. Global business support: Additional services that go hand in hand
with payroll and help companies leverage other solutions for global
business expansion
Ongoing compliance: Access to competent research teams that
keep track of regulatory changes as they occur so that companies can
mitigate any risks
By bringing a PEO on board, companies can hire and onboard employees
quickly with 100% legally compliant employment contracts, gain access to
comprehensive employee health insurance benefits and ensure that payroll is
timely and accurate irrespective of the geographical location of the employee.
So, if you’re a startup or SME looking to expand your business to India,
Remunance, regarded as one of the best Indian PEOs, has all the right
solutions to help you consolidate and efficiently manage your global payroll
strategy. Unlike a regular PEO, Remunance not only takes care of cost-
effective services for HR, payroll, insurance, benefits, and risk management, it
goes one step further to provide extended services like leave management,
recruiting, employee training, office infrastructure, and HR support. The
competent team of experts at Remunance essentially take overall
administrative activities so that clients can focus their attention on core
business activities instead of worrying about compliances, regulations or
payroll management!