Eyeing India as the new Business Territory, Choose the right PEO

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Eyeing India as the new Business Territory,
Choose the right PEO
A perfect PEO partner for establishing business
in India Embarking new business into one of the
worlds fastest growing economies - India, is
undoubtedly a progressive decision. And now is
the time to take the right steps in choosing the
perfect PEO partner who can support in
establishing the business - the way you want.
More importantly a PEO partner having seamless,
transparent efficient processes with economies
of scale. On the search, there are several PEO
Service Providers In India - some great, some not
so great. Some offer few services and some
specialise in efficiency and have solutions that
go a long way to form a strong plinth for
successful business. If you think your business
needs a PEO, we
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recommend that you do your thorough homework. The
first step in your research process should be to
establish your needs so you know exactly what
features and services you want before you start
talking to different companies. Mentioned below
are 10 broad pointers that one should keep in
mind while narrowing the search for a PEO
partner 1. Industry-accredited PEO The
accreditation (of the PEO), is an added advantage
and will ease the overall process of setting up
the entity in addition to the business and
industry understanding. 2. Services
considering business growth As your business
grows, will the PEO service be able to cater to
the growing business requirements, and does it
have the capability to add the services upon
growth. The PEO should be a partner in progress.
The PEO should be a catalyst and natural
progressive partner in the business growth. 3.
Exit Clause What is the contract structure and
the termination Or the cancellation policy. The
entry and exit policies of the PEO partnership
should be mutually flexible for both parties. 4.
Trained Seasoned team The PEO must have a
trained team that is well versed with the state
and local labour laws and relevant compliances.
It will be best if the PEO partner has your
industry specific knowledge and understanding. 5.
Solutions, Control and Accessibility It is
important to know what kind of user access does
the PEO offer, like is there an online payroll
portal or mobile app? Transparency and Control
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of operations should be easy and accessible to
both parties for smooth and seamless operations
leading to successful business establishment. 6.
Commercials The cost structure is also one of
the main factors to sign up for the PEO service
provider. Whether the charging model is - on the
basis of number of employees Or a percentage of
total payrolls. The commercials should be suiting
your budgetary requirements keeping in view the
prevailing business conditions. 7.
Customization of services All business
establishment requirements are not the same. They
change as per the business objectives also it
may differ from company to company and industry.
Can the PEO tailor its services to fit your
businesss needs? The ability to create bespoke
solutions is utmost important as each and every
business / industry requirement is different. The
flexible yet compliance ready approach is a must
for a PEO partner. 8. Service after business
hours Customer service is of utmost importance
for the PEO. It is important to know if the top
management can have personal access to the lead
team of skilled professionals. Also, if there is
an IT support line in case you have technical
problems after hours. The accessibility,
especially after the usual business hours
availability, considering the usual business time
and varied time zones is extremely important. The
teams availability -physical Or virtual, for
seamless operations is must. 9. Communication
channels What support channels does it offer?
Some companies offer live chat in addition to
email and phone support. Which communication
method would your business prefer?
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The mode and model of interaction - professional
and global approach is also important for a PEO
partner. 10. Business Referrals Last but not the
least, industry referrals are the best
testimonial to partners. The PEO must have
appropriate referrals. If the PEO service
provider has positive referrals then it is the
biggest strength and most valuable credential.
Combing through online reviews and talking with
other business owners can help you understand if
the PEO practices what its sales team
preaches. Remunance has been in the business of
providing PEO services for 16 years. It is a
seasoned player with extensive experience,
spanning across sectors, of setting up successful
companies in India from 15 countries. Remunance
offers a one stop solution to all foreign
companies who are aiming India as the next
business operations destination. As a foreign
company that does not have any establishment in
India cannot directly hire employees to work in
India. If this foreign company does not wish to
establish an entity in India or would prefer to
test the waters before that, going through a PEO/
EOR agency like Remunance is the ideal way
forward in order to build the team in India. A
Professional Employer Organization (PEO) is an
excellent starting point for small, medium and
growing businesses to venture into a new country.
PEO is a company that acts as a legal employer
for the employee in another country while the
employee works for his actual employer company
(Client). The PEO agency takes care of
cost-effective services for HR, payroll,
insurance, benefits, and risk management.
Remunance goes one step further - in addition to
what generally PEO agencies offer, we provide
extended services like leave management,
recruiting, employee training, office
infrastructure and HR management. The other
allied services of Remunance include- HR,
Accounting, Taxation Payroll management.
Remunance comes with a proven
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experience of establishing over 56 global
companies in India. Remunance has been offering
the PEO/EOR services for over 15 years and this
long experience, maturity, seamless processes
professional approach helps establish any foreign
entity in India in the easiest manner.