- October 14, 2024
- Posted by: Admin
- Category: Blog
What is PEO and EOR? First Things First!
A professional employer organization (PEO) is a type of full-service human resource outsourcing known as co-employment. In this arrangement, the PEO performs various employee administration tasks, such as payroll and benefits administration, on behalf of a business. Similarly, an Employer of Record (EOR) service provider, is a company that legally employs workers on behalf of another business.
When do you need PEO/EOR service?
The ideal period to use a PEO/EOR in Ghana or elsewhere is when you are starting a new venture either in the same country or abroad. Because of the risks associated with new ventures or new markets, it is essential to focus much more on business growth and rely on a specialist organization to take care of HR matters. In case things don’t go to plan, you can easily cut your losses.
Benefits of PEO/EOR Service
Immediate market entry
With JobHouse as your PEO partner, you can simply skip the business registration process in Ghana or defer it to a later date. We will help you with the needed manpower to start your business immediately.
Compliance and risk minimization
We bring over 14 years of local experience onboard to guide you. By going with us as your PEO partner, you avoid unnecessary risk. Besides, you won’t have to bother with compliance issues with local authorities.
Recruitment support
Recruitment can be expensive and daunting especially in a different country. When you choose our PEO service, you benefit from our superior recruitment and staffing services. In most cases, we don’t charge extra for recruitment service once you signup for our PEO service.
Payroll support
There are different tax laws and social security laws in every country and these and others tend account for difference in payroll computations in different jurisdictions. Aside the issue of compliance, you also need not worry about preparing the pay list, pay advice and making the actual salary payments and statutory payments. All you have to do is signup for our PEO service.