NsquareIT Offshore

Benefits of an employer of record [1] It can help with workload An employer of record designation allows you to carry out operations without the hassle of administrative costs. It allows you to hire additional employees and pay just a small percentage of their salary in taxes rather than all of it. This is a huge advantage, especially if you are working on heavy volumes and need more manpower. With more workers comes more work and no dedicated HR professionals to manage that extra workload But if you have an EoR, all these responsibilities shift to that company that is your  EOR provider in India . [2] It can help with HR Hiring contractors can sometimes be a bad experience – in the long run. First of all, you have to spend a fortune on HR and training because your team and staff need to get better every day. [3] It can help with severance packages EOR services benefit Indian companies in another way – when you have to pay severance packages to your employees. Hi...

With innumerable advantages, it has become easier for Indian businesses to hire employees formally on an Employer of Record (EoR) basis. The other alternative is hiring contract employees who work for a contractual duration. But before we go into the benefits that make Employer of Record beneficial for Indian companies, let’s see what this term actually means. An employer of record provides the same benefits as traditional employment but without the legal consequences typically imposed by law on employers. This includes substantial tax savings or exemptions as well as liability protections. A large number of US employers opt for an Employer of Record designation, particularly when it comes to paying Social Security and Medicare taxes. Read more India employer of record

Are you trying to start a business, or are you already operating as one? If so, then CFO services for a small business might be something worth considering. CFO stands for Chief Financial Officer and is the position of running an organization’s financial management. While some companies have the luxury of having a dedicated CFO, others prefer to hire these services out for their growing needs and budget. This is especially true for a startup that wants to save on a CFO salary but yet aims to benefit from the expertise of one. If the business is a startup, hiring a full-time CFO will be cost-prohibitive. Outsourcing the CFO services can be a good idea. This is because their skillset and experience will help you gain traction without having to bear the cost of a full-time, in-house CFO.