Introduction
During & Post Covid-19 pandemic time has increased working remotely. Post-COVID-19, the practical feasibility of remote working has been accepted all over the world and accepted by companies also. In fact, organizations plan to adopt the remote working revolution & changing their guidelines.
India is the second largest country by population in the world and after America, India is an English-speaking country. There is no doubt that India is equipped with different talents. That is the big reason that most countries prefer hiring employees remotely.
How to Hire staff remotely:
There are 03 ways to hire staff and pay in India:
a) set up a foreign entity
b) partner with an employer of record
c) engage with contractors in India.
Set Up a Foreign Entity in India
If a US company is planning to hire a team from India, the company has to prepare a legal entity in India by creating a local branch or subsidiary. Doing so allows the company to handle hiring and employment logistics internally, resulting in fewer employment costs.
Partnership with an Employer of Record
Partnering Employer of Record (EoR) allows the company to quickly hire employees in India without establishing a foreign entity. Working through an Employer of Record (EoR) will reliably handle all of the hiring, payroll services, benefits, and taxes on your behalf to ensure local compliance and support for your Indian workforce.
Engage Contractors in India
Companies can target specialized expertise that falls out of their regular scope of work while saving time and money that would otherwise be spent on training, administration, and payroll.
Reasons to hire employees via an EOR :
Because employment laws and regulations are different in each country, there are compliance & supervision risks when hiring employees in a foreign market. When expanding your workforce into the Indian market, it’s very important to understand the different regulations and laws of India to pay employees as there are rules and regulations for salary is vary in every state.
If a company is making revenue from a fixed location in India, failure to understand and identify permanent establishment will lead to agreement risks, such as unpaid taxes, legal issues, employer liabilities, etc.
EOR can establish a guideline to hire staff remotely, to track their progress
Companies with remote teams see the increased productivity of the company and can scale sustainably & effectively.
As an employer of record (EOR) we help u to hire, board, and pay the best talent from all over the world.
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Learn more about how to access a team remotely
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