Fintech Unicorn Rapid Engineering Team Expansion in Hangzhou
China
Challenge
A fintech unicorn needed to hire 50 engineers in Hangzhou within 2 weeks for critical projects. The company faced the challenge of instant hiring requirements while maintaining legal compliance, avoiding regulatory penalties, and saving on setup costs. Traditional WFOE establishment would have been too time-consuming (3-6 months) and capital intensive for their urgent needs.
Solution
HROne provided EOR services that enabled the company to hire legally and onboard payroll for the 50 engineers in under a week. The solution included end-to-end multi-city payroll outsourcing, full compliance with labor and social security laws, automated benefits calculations for both local and foreign employees, and the ability to hire legally anywhere in China without establishing new legal entities.
Results
The company successfully hired 50 engineers legally and onboarded them to payroll in under a week, avoiding regulatory penalties and saving significant setup costs. This enabled them to meet their critical project timelines while maintaining full compliance with Chinese labor laws.
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