Did you know that you can hire employees in the Philippines even without setting up a business in the country?
With the growing workforce population of 116 million and an employment rate of 96.2% in the Philippines this year, it gives a great opportunity for businesses to have a wide range of employees with full potential and experience to become part of their team. Filipino employees are not only known for their proficient skills and work experience, but also they are known for having a good work ethic, which is really ideal for a business.
For less hassle in corporate maintenance and avoiding any stress for dealing with local regulations, Employer of Record (EOR) is the right solution for you.
Employer of Record (EOR)
Employer of Record (EOR) is a third-party that manages the employees, including their onboarding, contract management, payroll payments, offboarding, and other HR tasks. It also handles the tax withholding and compliance of the company with labor laws and regulations.
Benefits of Employer of Record (EOR)
EOR allows you to hire either part-time or full time employees in the Philippines without setting up a legal entity in the country. It also offers numerous benefits including:
Less Administrative Work
EOR will take care of all the administrative requirements, allowing you to focus more on income-generating activities and maintaining your business’ competitive edge. They also source, recruit, and onboard your offshore team or resource in line with your business needs.
Reduced Costs
Outsourcing allows companies to save overhead costs such as adding more equipment and space to accommodate and train additional employees.
HR and Payroll Services
EOR services offer a comprehensive set of services that are designed to optimize your employee management, reduce costs, and improve process efficiency while also giving you full visibility on your team output.
Many professional services are covered by Professional Employer Organizations (PEO). Through a PEO, your business can get administrative services from a different company.
Reasons to Hire Filipino Employees
The Philippines has become a prominent source for international companies searching for skillful employees. Hiring a Filipino employee can significantly benefit your team due to several key advantages:
English Proficiency
English is widely used in education, business, and everyday life in the Philippines, making communication seamless and efficient for international teams. It also eliminates potential language barriers, fostering smoother collaboration, reducing misunderstandings, and enhancing overall team efficiency across diverse international settings.
Good Work Ethic
Filipino professionals are known for their strong work ethic, a deeply ingrained cultural value. This dedication manifests in their commitment to tasks, and unwavering focus on achieving goals and meeting deadlines. Their commitment and performance bring a positive impact on team morale and project success.
Professional Competitiveness
The Philippines offers a competitive compensation landscape, enabling businesses to access a wide range of highly skilled and qualified professionals at a cost-effective rate compared to other countries. This economic advantage allows companies to reduce their operational costs while still securing top-tier talent with a great work experience. It also allows businesses to scale their teams efficiently and strategically, enhancing their competitive edge in the global market.
Difference of Professional Employer Organization (PEO) from Employer of Record (EOR)
Here are few of the services a business can get from a PEO:
Reassessing Work Compensation Claims
PEOs can reassess all claims to ensure that all the required forms are accomplished and shall investigate the claims of a business’s workers as well.
Risk Management
PEOs stay informed about the government rules and policies. They also check for ways to reduce business issues such as injuries and payroll conflicts.
Compliance Assistance
Employment laws are complicated and constantly changing. Having to keep up with all of these laws can drain a company’s budget, but PEOs are able to help you with this. Since they can provide HR professionals, a business can be guaranteed assistance with ensuring employee compliance.
Increase Employee Development and Benefits
If your aim is to give your employees cost-effective and useful benefits without the stress of administrative workload, PEO is right for you. They may offer several benefits to your employees through its benefit plans that include medical, vision, and dental healthcare coverage and paid leaves.
Since the PEO handles this, a business can focus on outsourcing more employees and gaining all the benefits from an increased workforce. A business’s core team can also experience more productivity due to being able to focus on more important tasks that are crucial to the heart of the business.
Looking for experts to help you simplify your workforce? Book a consultation at TeleHR Solutions today! Call us at +63 917 892 2337 (mobile) or +63 284 785 826 (landline), or email us at [email protected].