A PEO is more than just an outsourced Payroll service
Stipenda do more than just calculate gross to net payroll figures. Our services provide a solution for your following considerations.
For over 15 years we have been working with Employers at helping them achieve key workforce management outcomes. From our initial consultation, the focus at Stipenda is to understand your immediate requirements and your long term goals.
It is challenging enough to source the right candidate for the role but when that position is to be based in a foreign jurisdiction then it is prudent to seek advice from an organisation that specialises in providing international employment, payroll, HR and compliance solutions as the Employer of Record.
Unlike a traditional Umbrella or Contractor Management Company, we offer our services as a Professional Employer Organisation (PEO). This means that we become the Employer of Record and accept the responsibilities that this entails for your workforce. We will work in a consultative manner with your representative to ensure that you are fully aware of all the legalities and nuances of employing a workforce in a foreign jurisdiction.
If these are the services that your business requires then please call one of our Customer Solutions specialists on +44 (0) 330 380 0161 or simply fill in the enquiry form below and we will promptly reply.
PEO or Professional Employer Organisation is a business entity that provides outsourcing of payroll, employee benefits, insurance and HR functions to employers. The PEO hires the company’s employees becoming the employer of record and then leases them back under contract to the employer. The PEO manages the payroll, taxes and administration of HR and employee benefits on your behalf.
The recent growth in PEO’s reflects the demands of a new business era and a fundamental change in Human Capital Management. Driven by the needs of employers seeking solutions to the complex business of International Employment, Tax and HR compliance, PEO’s provide a versatile and cost effective solution.
As a PEO, Stipenda can relieve you of the administrative burden of managing the payroll requirements of your employees in a foreign jurisdiction. By working with Stipenda all the complex matters of an international payroll will be managed correctly and compliantly with local employment regulations. Furthermore, we will ensure that we have the required levels of professional insurances for your workforce to safeguard against any potential liability.
If you are looking at a timely and cost effective solution for your workforce, our PEO capabilities will help you achieve your goals.
How does it work?
Our aim as the Employer of Record for your international employees is to facilitate specific Payroll, HR and in country compliance services. Typically our service is geared for long term co-employment solutions and not short term contractor arrangements.
In the first instance we will consult with you to understand your specific requirements and timeframes and assess the best model to provide our services. As these are co-employer and employee arrangements, there will be some important conditions for you to consider so that the PEO model remains accurate, timely and most importantly, compliant.
We are able to provide you with 24 hour access to HR software to enable you to authorise all employee annual and personal leave requests wherever they are working in the world.
Fast international employee engagement solution
Controls operating budgets as all employer costs are provided at the outset to ensure full transparency
Time efficient with minimal paperwork required compared to the red tape often encountered when setting up your corporate entity
Provides professional assistance with employment and compliance matters
Reduces legal and accounting costs
All required professional insurances are provided as part of the service
Compliant local employment contract
Payroll on-time and accurate
Professional HR assistance with employment related enquiries
Up-to-date information on tax regulations and compliance
Cloud based reporting solutions
Frequently asked questions
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