Our Employer of Record (EOR) services make global hiring simple and efficient. As your EOR, we take care of all the administrative and legal aspects of employing international talent, from managing payroll and benefits to ensuring compliance with local labor laws. This allows you to quickly onboard employees in new markets without the need to set up a local entity. Focus on growing your business while we handle the complexities of global employment, providing a seamless and compliant solution for your workforce expansion.
There are 2 main types of services.
- Aggregator Model.
- Wholly owned infrastructure model.
Services: -
- Payroll management: handling employee salaries, deductions, tax withholdings, and compliance with local payroll regulations.
- Benefits Administration: Managing employee benefits such as health insurance, retirement plans, and other perks.
- Tax Compliance: Ensuring adherence to local tax laws, including filing and remittance of payroll taxes.
- Human Resources Support: Providing HR services such as onboarding, contract management, and employee relations.
- Legal Compliance: Ensuring compliance with local labor laws, including employment contracts, termination processes, and labor regulations.
- Workforce Management: Managing employee records, time tracking, and performance evaluations.
- Global Employment Solutions: Facilitating the employment of international workers, including visa sponsorship and compliance with cross-border regulations.
- Risk management: managing liabilities and risks associated with employment, such as worker's compensation and unemployment claims.
- Recruitment Support: Assisting with hiring processes, background checks, and ensuring candidates meet the required legal standards for employment.
Simplifying global business expansion with Gsinfotechvis, Employer of record services
Step 1: Understanding Business Needs Thoroughly assess the business owner’s HR requirements, challenges, and preferences. Identify the scope of services needed
Step 2: Consultation Services Our expert consultation services cover HR management, compliance with Indian & 150+ countries' labor laws, payroll administration, employee benefits, work permits, and legal entity setup assistance.
Step 3: Employee hiring or transferring Facilitate hiring based on client preferences. handle the paperwork for transferring existing employees to India or anywhere globally in 150+ countries
Step 4: Residency and work permit Assist employees in obtaining work permits and residency documentation. ensure compliance with immigration laws.
Step 5: payroll and benefits administration set up payroll systems, manage salary disbursements, and administer employee benefits.
Step 6: Legal Entity Establishment Support In case clients want to establish their legal entity anywhere in India or globally, we help them to transfer the employee's data as per requirement.
How to Choose an Employer of Record Partner in India
Selecting the right Employer of Record (EOR) partner in India is crucial for ensuring compliance, cost-efficiency, and seamless workforce management. Here are key factors to consider when choosing an EOR in India:
1. Local Expertise and Compliance: Look for an EOR with a deep knowledge of Indian labor laws, tax regulations, and statutory requirements. Ensure the EOR has a proven track record of maintaining compliance and mitigating employment-related risks in India.
2. Comprehensive Service Offering: Choose an EOR that provides end-to-end services, including payroll processing, compliance management, employee contracts, visa and work permits, HR administration, tax compliance, risk management, and benefits administration. Consider additional services like cultural sensitivity training and global expansion support.
3. Pricing and Cost Structure: Many companies choose to hire talent in India due to the lower wages compared to other countries. Therefore, it doesn't make sense to pay high EOR fees for low-wage employees, as it can significantly impact the cost-effectiveness of hiring in India. Look for an EOR provider that offers affordable pricing without compromising on the quality of services. Flat-fee pricing models are often more predictable and cost-effective than percentage-based pricing, especially for companies with a large number of employees or those hiring employees with lower salaries.
4. Technology and Automation: Opt for an EOR with advanced HRIS and payroll software to streamline processes and provide real-time insights. Look for features like automated compliance checks, digital onboarding, and self-serve platforms.
5. Reputation and Track Record: Research the EOR's reputation, client testimonials, and industry recognition. Assess their experience working with companies in your industry and of similar size.
6. Scalability and Flexibility: Ensure the EOR can accommodate your current and future hiring needs in India. Look for flexibility in service offerings to match your evolving requirements.
7. Local Presence and Support: Choose an EOR with dedicated local teams in India for prompt support and cultural understanding. For India-specific hiring, consider an India-exclusive EOR like Wisemonk for focused expertise.