India is a burgeoning economy that many companies are interested in both from a consumer and a workforce perspective. While India continues to develop, its future holds great possibilities. It is set to be the third-largest consumer market after China and the U.S. It is also among the top six markets for contingent workforce engagement. Tapping into this market before it is fully matured gives your company a foot up compared to your competition.
HR outsourcing in India makes it easier for companies to tap into tremendous talent while complying with the often-complicated local labor laws. A Professional Employer Organization (PEO) is a top way to leverage Indian talent. Many ask how exactly a PEO works and how it can work for your business.
Essentially, a PEO allows you to hire your employee through a local Indian entity so you can legally hire and pay the employee in India. This employee will be directly managed by you and working on your company’s behalf exactly as if he or she were your employee.
Hiring under the local entity means you don’t have to set up an entity in India, and that you can hire in days rather than weeks or months. Hiring, payroll services, and any other HR needs are taken care of through a PEO such as NNRoad’s HR outsourcing services.
The flexibility of a PEO allows you to retain local talent while the in-country requirements of an employer are fully taken care of.
There are different reasons big and small businesses consider outsourcing their HR needs:
Regardless of the size of your company, HR outsourcing enhances your productivity and return on investment. It can help companies of any size further their reach and growth in India.
When you outsource your HR in India you can focus on core business needs while tapping into a highly skilled pool of talent.
Your HR functions are fully supported so you can bring more effective and efficient processes for your organization.
Payroll is completed accurately and on time allowing you to forgo any worries about HR in a foreign land. With your local Indian employees fully supported through HR outsourcing, you can save time, costs, and focus on the important growth factors for your business. Additionally, HR Outsourcing is an advantage to your business in the ways below:
Are you interested in learning more about HR outsourcing in India? If so, be in touch to set up a call with one of our experienced consultants today. We can discuss your specific requirements and how HR outsourcing can assist your business.