Hassle-Free Entry To The New Market With PEO Services
India
Challenge
The biggest challenge for the client was entering the Indian market. Apart from the complex labor laws, the company needed to maintain continuity for the employees. This means they needed to pay employees locally, and the payroll had to be run by experts well-versed with the country's laws and regulations. At the same time, they wanted to ensure that it sails through the Indian cultural and customary differences.
Solution
Husys provided comprehensive PEO services including:
- Understood their manpower requirements and conducted recruitment drives accordingly.
- Facilitated the entire sourcing, screening, and background checks.
- Developed HR manual and recruitment strategy.
- Created salary structures for various levels as per Indian standards.
- Developed professional agreements for employers.
- Streamline conveyance & travel policy along with tracking and recording mechanism format.
- Drafted exit policy to keep the brand reputation intact.
- Suggested statutory compliance strategies and helped with implementation.
- Offered employee benefits support as per statutory compliance.
- Ensured salary administration as per the Indian labor law.
- Helped them understand labor laws and statutory compliance.
- Ensured they had zero liability on labor and tax compliances.
Results
- 100% statutory compliance as per the Factories Act, 1948.
- 86% reduction in employee turnover.
- 92% of MNC-level benefits were offered to employees.
- 84% reduction in employee grievances.
- 100% resolution of tax-related issues of employees.
- 94% recognition in VISA processing and international travel processes.
- 42% cost savings on overall compliance and tax solutions.
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