Employee Leasing in Singapore Made Simple
What you Need to Know About Using a PEO Service in Singapore
Singapore is centrally located in Asia-Pacific making it an ideal location for companies to establish or base their Asia-Pac staff out of.
While many companies do not want to go to the hassle of setting up a new entity in a foreign land, others may only be interested in testing the waters of the area before fully committing to establishing a legal entity.
Employee leasing offers the perfect middle ground to be present in a location without having to commit to forming a new entity.
Employee leasing allows your company to hire employees through a Professional Employment Organization (PEO) service. A PEO service hires the employees on your behalf, taking on the legal responsibilities as an employer, while you directly manage your employees.
Expectations vs Reality: Employee Leasing in Singapore
While there are many myths about employee leasing or PEO service, two main myths are that (a.) it will cause confusion among your employees and (b.) that you will lose control over your employees.
- PEO service is straightforward in that your employee is hired locally but still managed directly by you. This is set out clearly from the start, clearing up any confusion right away. Just as with any new rules or regulations, these have to be clearly communicated, something that NNRoad helps with. Employees and the employer will understand how and why the PEO service will benefit them and then be more willing to accept this arrangement.
- While it may seem risky to outsource your HR to an agency, doing so can help you streamline operations and not lose control over your employees. A PEO service will ensure all local rules and regulations are followed and all fees are paid correctly in the country where your employee is located. This ensures that you in compliance with local laws, and everything is taken care of on the administrative side. Additionally, you will manage your employees directly, meaning there is no loss of control over their work and productivity.
Do you have other concerns about using an HR agency for PEO service? Check out our blog on the top employee leasing myths and facts.
How to Use an HR Agency for Employee Leasing in Singapore
Using an HR agency in Singapore for PEO services is quick and easy.
It is as simple as identifying your needs in terms of employees to hire, when you want to hire them and pay them, and when they shall start with your company.
Once you have these details in place, reach out to a professional PEO service provider with your requirements.
When reaching out to NNRoad our experienced staff will provide you with a full quote and discuss your specific requirements and the steps to take to onboard your employees in a fully compliant, and quick manner.
To see more details about hiring employees in Singapore explore NNRoad’s Guide to Employee Leasing here.
NNRoad is a full-service PEO provider in Singapore and 38 other countries. We provide one point of contact no matter how many countries you operate in, making it simple and straightforward to outsource your HR needs globally. Contact us today to discuss your global expansion plans.