PEO Services for Global Expansion
Small, medium-sized, and growing companies seeking to expand internationally should consider using a Professional Employer Organization (PEO). While an employee continues to work for their actual employer, a PEO company becomes their legal employer in a different country (Client).
A PEO firm or Global Employer of Record provides cost-effective services for risk management, insurance, payroll, and benefits. In addition to these typical services, INS Global offers additional assistance such as leave management, recruitment, employee training, office infrastructure, and HR support.
This enables multinational firms to concentrate on their core business activities while we take care of all administrative issues.
Why INS Global is the Ideal PEO India
India is one of the largest marketplaces for any multinational company, with a vast geographical area and great potential. INS Global understands the local pulse of India and how to connect it with the needs of potential foreign commercial organizations. We provide the best solutions for safe, secure, and successful company operations, regardless of laws, cultures, or socioeconomic considerations.
Benefits for Workers and Paid Time Off in India
When negotiating an employment contract with a candidate in India, it’s essential to consider statutory benefits and paid leave obligations, as well as how an employer of record can help with your business’ benefits strategy.
Employers must provide 26 weeks of paid leave for the first two pregnancies of an employee and 12 weeks of paid leave for any subsequent children, as well as for mothers who are adopting or using a surrogate. Employees who are pregnant and have worked for their company for at least 80 days in the year before the due date are entitled to benefits with written notification given seven weeks beforehand.
The Shops and Establishments Act governs the “annual” or “privilege” leave entitlement for non-factory workers, which varies from state to state but is typically at least 15 days per year. The national Factories Act protects factory employees, who receive one day off for every 20 days worked (up to a maximum of 12 days off).
India observes three national holidays: Independence Day, Republic Day, and Mahatma Gandhi’s birthday. Additionally, employers must provide five to nine festival holidays depending on the state where the business is located. If an employee works on a public holiday, they are entitled to double pay.
Sick leave is regulated by the Shops and Establishments Act, and the number of days an employee is entitled to vary between seven to twelve days, depending on the state. The Industrial Employment Act governs sick leave for manufacturing industry workers, who are entitled to up to 10 days of sick leave.
While public healthcare is free for all citizens of India, private healthcare is more commonly used. As your employer of record in India, we can offer professionals and their families additional medical insurance coverage at a more affordable rate.
Employer contributions for pensions, health insurance, disability benefits, and gratuity payments are mandated by India’s social security system, based on the number of workers. Furthermore, workers’ compensation is funded through donations from businesses, employees, and state governments. While most employee benefits in India are covered by employer social expenses, we can discuss options such as supplementary pension contributions or life insurance if more coverage is required.