GROWING UTILITY OF PEO/EOR SERVICES AND HOW BUSINESSES CAN IN INDIA

2020 saw a growing interest among businesses, in Professional Employer Organization or Employer of Record Services (PEO/ EOR). This service can play a crucial role in not just helping businesses sustain, but also grow and expand. A PEO is a professional employer organization, It is also known as EOR (Employer of record) in some countries, like the UK. It’s a third-party organization that hires and pays an employee on behalf of another company and takes responsibility for all formal employment tasks. PEO services include recruitment, payroll and benefits, on-boarding of new recruits, taxation, labor regulation compliance, and other statutory compliances. PEO’s don’t just help small local business ventures grow. They can also help remove the complications of setting up a new foreign subsidiary and help businesses cut down on excessive avoidable costs, by employing talented individuals on behalf of these businesses and handling all other essential related steps, ranging from drafting terms and conditions of employment contracts, to payroll, taxation and managing insurance schemes thus helping these foreign businesses with expedited market entry into lucrative Indian markets. Read more https://husys.com/blogs/professional-employer-organization-uses/