Why High Growth Companies Use PEO/ EOR Secondment for Business Expansion
Looking to expand your business into Asia? Links International’s Employer of Record (EOR)/ Professional Employer Organisation (PEO) Secondment services is the most flexible and cost-effective to grow your business and employees. The advantage of Links PEO/ EoR secondment services includes:
PEO/ EOR Secondment is Best Suited for Companies who:
What is PEO/ EOR Secondment Service and how can it help your HR team?
With PEO/ EOR service, employees are hired on your behalf and seconded back to you under a special project agreement.
This solution massively simplifies global company expansions – letting the client hire staff immediately. Perform sales activities, market research, and kick-off the company in a location without setting up an entity in a new country.
Our service helps you get a team of employees on the ground and running without tying your company down with different local business entity regulations. Get in touch today to learn more about our project offerings.
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What to Expect from Links Asia Pacific PEO/ EOR Secondment Services
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Discuss terms of employment -
Prepare employment contracts with contract staff
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Handle pension fund enrollments and terminations
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Administer employee/ employer contributions
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Professional recruitment and sourcing support
Discuss terms of employment -
Provide workers compensation insurance
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Calculate employee salaries
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Maintain employee salary records
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Maintain and calculate annual leave
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Calculate employee statutory sick leave
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Maintain sick leave and unpaid leave records
Frequently Asked Questions (FAQs) in Hong Kong PEO
A professional employer organization (PEO) or employer of record (EOR) is an organisation that hires employees on behalf of the employer and seconds them back to the employer. In the case of foreign hiring, they help bypass certain barriers of entry, including the need to set up a business entity and provide additional benefits such as managing employee payroll. PEO allows businesses to have someone on the ground in as little as 48 hours.
PEO works as an outsourced HR unit supported by an external HR solution provider. Many aspects of HR is absorbed by the solution provider under a PEO model. This can vary depending on the service agreement but can include aspects such as employee administration, payroll processing, work permits, worker compensation insurance, benefits management, recruitment and onboarding, and more.
PEO is a flexible solution that allows companies to increase their workforce despite headcount and resource limitations. Good for companies looking to expand into new locations its benefits include:
- Short implementation process (ready in 48 hours)
- Cuts cost – lowers the barrier of entry into new markets
- Save time and money
- Ensures and maintains payroll compliance
- Creates smoother HR experience for employees
PEO is a highly inexpensive solution for businesses looking to expand into a new location. Starting at US$350/Month, businesses are able to have someone on the ground without the need of setting up a business entity that normally requires greater in-country capital and is often costly to set up and maintain.
As a professional HR service, PEOs can help you protect your business against fines and penalties by having compliance experts manage your HR function. This is especially beneficial for the management of new markets and foreign locations where you have limited knowledge of local payroll tax laws and reporting requirements, unemployment insurance, workers’ compensation, hiring and HR compliance.
In most cases, payroll falls under the scope of PEO. This is especially useful for companies growing their workforce rapidly or are struggling to keep up with local regulatory compliance, MPF contributions and more.
Once payroll is set up properly management (even for multi-country) is fairly straightforward. Quality PEO services ensure your employees are paid accurately, on-time and give companies the peace of mind that their business is fully compliant with local regulations around MPF contributions with dedicated help desk support.
Key aspects to note when deciding on a PEO partner:
- Service coverage (location & scope)
- Information security and data privacy
- Level of local knowledge and support
At Links, we offer flexible Asia payroll covering 18 locations across the Asia Pacific. Using a 100% in-country service delivery model, companies can safely rely on us to deliver their PEO.
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Get in touch with one of us today to start streamlining your HR processes across Asia
