PEO & EOR for Business Expansion
Are you looking to expand your business into Asia? If you are looking for an efficient way to grow your employees fast and professionally in your field, then Links International’s Employer of Record (EOR) or Professional Employer Organisation (PEO) is the most flexible, cost-effective method for both your business and employees to grow. Links International is an award-winning innovative HR outsourcing and recruitment agency in Hong Kong.
What is a PEO and EOR?
PEO/ EOR essentially involves a PEO service provider legally employing staff on your behalf and seconding them back to you under a services agreement (i.e. the PEO provider becomes your employer of record). This arrangement massively simplifies your expansion – enabling you to effectively hire staff immediately to perform your sales activities, market research, set-up activities without the need for the various costs, times and commitment associated with setting up an entity.
Why Choose PEO or EOR?
Be it business expansion or a solution to a headcount freeze, PEO and EOR provide clients with great flexibility. PEO employment ensures that you can quickly scale up and down before taking the plunge. This is especially true in the case of business expansion. As a guideline, hiring under a PEO arrangement is at least 50% cheaper than setting up a legal entity when expanding your business to a foreign location.
The cost savings, are driven by PEO employment, removing the need for the administrative costs of maintaining a legal entity. Most importantly, a good EOR/ PEO service provider will save you time by enabling you to hire immediately and remove any HR administration, visa applications, employee insurances, pension, and tax payments that prevent you from focusing on your business growth.
What is the Difference Between a PEO and EOR?
Both PEO and EOR are very similar in services, however, there are differences between the two. An EOR will put a proportion of your business and your workers on its payroll whereas a PEO will take on all of your employee workforces and also provide your business with all Human Resources administrative services and functions. When working together with PEO, you may hold employment contracts but when working with an EOR, the EOR keeps the employment contract and you collaborate on a service agreement.
Need Help With Hiring?
If you are looking to recruit in Hong Kong and Asia, or if you are interested to know more about the hiring trends in your industry, contact us now for a chat.PEO/EOR for Business Expansion and Growth
Are you interested in building an effective business expansion strategy? Business growth strategies can be effectively executed when you utilise PEO/EOR services. So how can PEO/EOR help with Business Expansion and Market Expansion for your company?
- Professional HR administration:
PEO/EOR can create procedures and strategies for an effective HR hiring process. Providing professional tracking services, policies and guidelines that comply with laws and regulations.
- Effective HR Management:
Gain access to payroll records, employee benefits, personnel data, vacation and sick-time reports regardless of internal staff availability. - Work culture:
Partnering with PEO/EOR will help redefine your company’s work culture, work ethic and attract the right talent to your business. Improvements in employee productivity will also positively impact your market expansion. - Lower HR Costs:
PEOs/EORs will work with your employees to generate better buying power. They will regulate and process benefits, salaries and HR administration to keep management costs down, allowing you more room, space and means to expand your business.
What Does Links International’s PEO/ EOR or Secondment Services Include?
- Discuss terms of employment
- Prepare employment contracts with contract staff
- Handle pension fund enrolments and terminations
- Administer employee/employer contributions
- Provide workers compensation insurance
- Calculate employee salaries
- Maintain employee salary records
- Maintain and calculate annual leave
- Calculate employee statutory sick leave
- Maintain sick leave and unpaid leave records
Contact Us
Get in touch with one of us today to start streamlining your HR processes across Asia
