A Professional Employment Organization (PEO) is a solution that allows companies to outsource their payroll. A PEO acts as a co-employer between the company and the employee. While the company is responsible for hiring and onboarding the employee, the PEO provides payroll services compliant with the local laws of the country where the business is located.
The PEO manages the payroll processing for your staff, including collecting payroll information, calculating and paying salaries, and taking care of mandatory benefits and taxes declaration.
Because payroll processing, especially when conducted in other countries, is complex and can lead to losses, using the services of a PEO can greatly reduce your business risks and costs.
Job tittle, work responsibilities, salary and other benefits for your employees.
A local contract adjusted to your offer and in compliance with the country's labor law.
Your payroll, tax, compliance & administrative tasks on a monthly basis.
We collect your information and introduce you to NNRoad’s policies, procedures and online portal. Work calendar, processes, templates, benefits & salary structures are confirmed and loaded into the payroll system.
Payroll information and salary changes (if any). Monthly invoice generated & settled. NNRoad transfers employee salaries & updates online payroll portal. Employee pay-slip and notification sent out.
Work calendar for the coming year confirmed. Annual salary report prepared, confirmed and reported to the relevant government authorities.
Handover of accounts, materials and information. Off-boarding employees begins.
Last invoice including historical balance, prepared and paid. Employees off-boarded. Accounts and material handed over to client. Unsettled cases are closed and client deposit returned.
Our global coverage & local expertise can help your company expand abroad in a legal and cost-effective way.
Hire and manage employees world-wide without a local entity with our Employer of Record service.
Use NNRoad’s Employer of record service to hire and manage teams overseas in over 50+ countries.
Managing payroll is complicated. Companies usually need a robust and mature payroll team to manage the payroll process. What makes the process more complex is the fact that every country has different rules regarding payroll. That is why many companies prefer to outsource payroll to an experienced agency.
What are the benefits of doing this?
Our PEO service can be customized to your specific needs and it is a cost effective solution. Regardless of your company size or requirements – be it full corporate payroll services or limited processing services, we can efficiently and securely manage your payroll saving you time and huge costs.
Peo, Payroll & mandatory benefits are included in our Employer of Record service.
PEO and Employer of Record are oftentimes interchangeable. However in some countries, PEO and Employer of Record are different services.
With Employer of Record (EOR), the service provider takes on the responsibility & liability of the employer since the client does not have a legal entity in the country of interest.
With Professional Employment Organization (PEO), the service provider manages hiring, employment and payroll, but does not take on the responsibility or liability of the employer since the client has a legal entity in the country of interest.
An Employer of Record/PEO service is regarded as the modern approach to moving operations overseas. With an employer of record, you can legally hire and manage employees in most countries, avoiding the time and money required to open a subsidiary.
We can hire a local employee within a week, give or take a few days depending on the country.
Yes. Our Employer of Record service applies both local and foreign staff.
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UK: +44 73 9205 8401
India: +91 82 6462 5260
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