PEO And EOR Services
A Professional Employer Organization of Record in BangladeshHiring, Benefits & Payroll
Statutory Compliance
Human Resources
International Expansion
Technology & Automation
PEO and EOR services enable businesses to develop globally without the need to establish legal corporations or deal with concerns such as talent acquisition, HR, benefits, payroll, taxation, and compliance. Hire people rapidly, test new markets, and respond quickly to changing business needs while we handle compliance and operations. If a corporation collaborates with a PEO, it must create a legal presence in each state or country where it employs people. However, if the company’s EOR is created across geographies, the EOR allows the corporation to legally employ individuals in those states.
You get control without taking on legal entity obligations, contractor risks, or sacrificing talent or time to market with our Professional Employer Organization (PEO) or Employer of Record (EOR) services.
PEO and EOR are significantly distinct in terms of quality, and they serve two very different needs. The following is the best approach to think about the two. PEOs are for businesses that want to improve their HR function by bringing in outside support. In this sense, it is a long-term solution geared toward the company’s HR department. Assume the PEO determines that the organization with which it has collaborated is too risky. In that instance, the PEO has the power to move the firm to a higher-risk category, raising the service price to an unaffordable level for the company.
EOR is a flexible approach to bring people onboard for organizations that want to expand rapidly, whether it’s by bringing in contingent workers to help with current business demands or by expanding geographically without the trouble of establishing up a physical company in another country or nation. EOR can be used for a segment of the workforce and takes over a portion of HR tasks. It gives services to between 1 and 5 employees. It enables businesses to relocate to another state or country without having to form a formal company.
Our PEO and EOR Services help to grow businesses in Bangladesh without setup entity.
Explore Our Consultancy Services
Save time & reduce costs
Improve the Experience
Employee training and development
Recruitment and hiring
Benefits of Our PEO Services
1. HR costs are reduced.
2. Payroll processing and tax preparation have been streamlined.
3. Better regulatory compliance and legal risk management
4. Best practices and benchmarks in the industry
5. Improved employee satisfaction
Benefits of Our Overall Services
- Risk Reduction
- Local Expertise
- Saving in both time and money
- Payroll processing for employee
- Focus on your business
Benefits of Our EOR Services
1. Takes care of all employment-related administrative tasks on a local level.
2. Establishes the contract in compliance with local labor legislation.
3. Payroll and payroll taxes are managed by this person.
4. Local benefits administration, such as health insurance, is provided.
5. Payroll, benefits, HR, tax administration, and regulatory compliance assistance.
Access To A New Market With Our EOR Services
Every country has its own benefits and challenges when it comes to expansion. Despite the current economic climate, business expansion has continued. We’ve discovered various growth prospects and prepared a list of the best places for global expansion during the pandemic in this new normal.
How Professional Co-Employment Service Works?
We hire your employee through our local legal organization, which handles the employment contract, offer letter, benefits, immigration/visa/work permit requirements, as well as continuing Payroll, HR, Tax, Accounting, and Compliance needs.
1. Hiring, Benefits & Payroll
Fast-track employee onboarding with legally compliant employment contracts, competitive benefits, and timely and accurate paychecks. We handle the entire payroll process and have formed strategic alliances with key payroll software suppliers.
2. Immigration & Global Mobility
Visas, work permits, worldwide mobility, and expatriate tax are all areas where we have a lot of experience. We assure strict adherence to visa and immigration requirements, handle all documentation requirements, and aid with relocation as needed.
3. International Expansion
Our international expansion solutions convert you to your own legal company when you’re ready, while we continue to manage your HR, payroll, accounting, tax, and other compliance, administrative, and operational needs. So get in touch with us today.
Our local knowledge guarantees that your employees’ needs are fulfilled quickly while keeping you informed about what is statutory, customary, and competitive in that country. As a professional employer organization (PEO) we provide the outsourced services of integrated, human resource services that help reduce employer risks by ensuring compliance.
Secure statutory benefits
Get statutory benefits and access to our full health insurance policies to enhance local mandatory benefits for worldwide PEO employees, even with minimal headcounts.
Propriety technology platform
Utilize our proprietary technology platform, to handle time and attendance, insurance and non-insurance benefits, expense, and other aspects of your business through an easy-to-use online interface.
FAQs PEO & EOR Services
Is my business the right size to use a PEO?
PEOs are ideally suited to small to medium-sized firms with less than 250 employees.
How much does a PEO cost?
Our PEO services at Eicra are customized for each company we work with. As a result, our fees differ from one client to the next. Please don’t hesitate to contact our team for a custom price and proposal.
Why choose Eicra as your international PEO?
With so many PEO firms on the market, picking which one to entrust with your global expansion can be tough. For over 15 years, Eicra has been assisting businesses in their growth by offering dependable recruitment and employment management support.
Is a PEO’s financial statement publicly available?
Most PEOs, like their company clients, are private entities with no public financial disclosures. Clients should, however, evaluate a PEO’s references, reputation, and financial history. Check to see if the PEO’s financial statements have been audited, get credit references, and do your homework. Verify that the PEO is properly licensed or registered in any areas where this is required. Many PEOs give clients with an attestation from an independent CPA regarding the PEO’s audited financial accounts, tax payments, and benefit plans.
Can a PEO help me with recruitment?
Yes, in addition to our PEO services, Eicra offers worldwide recruitment services. We offer the knowledge and skills to assist you in acquiring outstanding people, with over 15 years of experience and 5 global offices.
How many employees can I use a PEO for?
You can have as many or as few as you want. Eicra can provide competent PEO services whether you have a single employee or a large international team.