Posted 23.03. 2021 by Cekindo
Running a business in Vietnam can be expensive, primarily when operating a small or medium company. Therefore, more and more enterprises in Vietnam have outsourced their human resource, payroll, and other administrative tasks to a Professional Employer Organization (PEO) or employer of record in Vietnam.
What is a PEO in Vietnam, then? PEO in Vietnam utilizes an employment model in which the PEO provider will hire employees on behalf of your company in Vietnam. PEO can handle all your human resource, payroll, and administrative functions. This allows you and your in-house staff to focus on other core functions of your company and grow your business.
Reputable companies such as Cekindo can provide comprehensive PEO solutions encompassing the following:
1. Talent Recruitment
A credible PEO provider can help you recruit a qualified workforce and talent from all around the world.
2. Payroll Management
PEO agency can help you handle all your payroll functions. For example, payroll calculations, social benefits deduction, and payment coordination.
3. Tax Handling
Employers of record or PEO are experts who are familiar with the tax legislation and structure in Vietnam. They can help you ensure your tax matters comply with the latest Vietnam tax laws.
4. Employment Contract Drafting
PEO can assist you in drafting a legal employment contract that will eliminate possible future employment disputes.
5. Employee Onboarding
A full PEO service provider can also help you onboard and train employees during their transition period – ensuring that they can adapt seamlessly to the workplace and perform effectively.
6. HR Functions Management
Other HR functions that a PEO can take care of include benefits and insurance administration, holiday and leave benefits management, and other risk management tasks.
7. Immigration and Legal Consulting
Consultations on immigration and other legal matters are also part of the PEO services, depending on your unique business requirements.
Engaging with an Employer of Record of PEO can improve the in-house business performance and efficiency and eventually increase your business profitability. Here are some of the main benefits of using a PEO:
Before choosing a PEO, you must consider the following factors to ensure that you have the right PEO to optimize your business best.
Take your business further into global markets using Cekindo’s PEO in Vietnam. Specializing in business expansion, outsourcing, and PEO services in Vietnam, Cekindo’s comprehensive range of business solutions will help stay fully compliant with ever-changing Vietnamese laws.
Our PEO in Vietnam offers foreign entrepreneurs and business owners a new and more effective way to go international by recruiting a local workforce and experts in Vietnam. By engaging Cekindo with our PEO services, our experienced advisory experts will guide you through all legal nuances and work permit issues.
Get an express quote from Cekindo or speak to one of our consultants by filling in the form below.