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How does Remunance PEO/EOR look after you?

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Ojas Panse
How does Remunance PEO/EOR look after you?

Times are uncertain. We have just had a year-long pandemic. There is a war going on. There was a severe earthquake in Turkey and Syria. The geopolitical situation continues to be volatile with several nations on the brink of bankruptcy and civil war. There is an impending recession. In all this chaos and uncertainty the IMF’s latest Outlook said, India retains the crown of “a bright spot”.

 

The impact of hiring

It is not surprising that recruiters in India are busy hiring talented Indians to work for their foreign client’s companies.

This is not as straightforward. For foreign companies that have a local entity in India, there’s no problem. They can simply hire people in their Indian entity. However, for companies that don’t have any footprint in India, it is a challenge. Generally, to around this issue, foreign companies hire professionals directly as freelancers or contractors. Sometimes they hire professionals through other local Indian businesses, like for e.g. their outsourcing partner. While this may seem fine, it creates an administrative nightmare for foreign businesses.

There seems to be little attention paid to hiring Indians directly, in a way that is compliant, sustainable and beneficial to everyone involved.


Remunance leads the way

At Remunance, we don’t mind becoming a torchbearer, a pioneer of PEO services in India.

We sat our legal and finance teams down to figure out how to hire properly. They researched various business models including the overseas PEO, and EOR industry models and came up with PEO services in India.

 

The DPIIT recognised Remunance

Recently we got recognised by the Department of Industry and Internal Trade (DPIIT), Government of India, as a scaling ‘Startup’ under India’s prestigious Startup India program. Click here to learn more. Startup India is a program envisioned by Prime Minister, Narendra Modi, intended to grow the startup ecosystem and drive economic growth and generate employment in the country . This recognition is a testament to our company’s commitment to creating jobs and contributing to the growth of the economy.

 

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Ojas Panse
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