The growing economy of India is one of the attractions for foreign companies planning to enter the country. The other attraction is the highly skilled and diversified talent pool of the country. However, this also makes the business environment pretty competitive.

For most companies, entering a new market means the need to meet the regulatory, administrative, and legal complexities. Recruiting employees is one such challenge, especially in a foreign jurisdiction. This is where EOR service providers in India can be a big help.

When you partner with an EOR or an Employer of Record, your business is allowed to operate in the country without establishing a legal entity. EORs are third-party organizations. They hire employees and manage them on behalf of your company.

How can an employer of record company make your business strong, making it easy to expand in India ,and why partnering with one in India can make your business competitive.

What Is an EOR Service Provider?

The EOR employs staff on behalf of your business. The day-to-day work and performance of these staff members are directly under your control. However, the EOR manages The Other essential parts of the workforce. This includes -

●Payroll processing

●Tax deductions

●Making and finalizing employment contracts and offer letters

●Handling employee benefits administration

●Regulatory compliance

●Termination and offboarding procedures

Typically all the back-end and administrative work is handled by the EOR. Partnering with the right EOR service providers in India empowers your business to stay focused on growth while reducing administrative and legal risks.

Original Source: https://indibloghub.com/post/expanding-into-india-here-s-how-an-eor-service-provider-can-help