Our PEO Solutions Simplifies Your Expansion
Looking for a leading payroll outsourcing company in Bangladesh? Legally Speaking most of the HR & Payroll services can be outsourced. We are one of the top Bangladeshi Payroll & HR Outsourcing Service Company offering Payroll Outsourcing, Professional Employer Organisation (PEO), Employer of Record (EoR), Timesheet Outsourcing Company servicing over last 15 years.
Hire World-Class Staffs With Our PEO ( Professional Employer Organization) & EOR( Employer of Record Services) in 6 Simple Steps
World-Class PEO Service Solutions For Every Outsourced HR & Payroll Related Activities
BPO-Bangladesh offers more comprehensive PEO services all-encompassing services to your company that really takes over every aspect of staffing for your company. All legal responsibility for staffing (handling HR paperwork,
tax paperwork, workers compensation matters) is handled by the PEO; in addition, employee benefits,
health insurance plans, and regulatory compliance is handled by our PEO team. In general, a traditional PEO
contract means that all of these benefits are handled by the PEO, under the PEO’s name; the client company is not involved with these matters.
PEO team takes on all the challenges of administrative functions in addition to the responsibility for the correct implementation of these functions.
Cost Saving Process
Overhead cost associated with performing HR services are typically very high. A fully-functional HR department requires additional office space and highly trained and experienced HR staff.
Employment and labor laws change regularly, and it can be difficult for you to remain up-to-date on regulations that affect your workplace. Outsourcing HR functions can help you manage employee performance and development.
HR & Payroll Outsource
Beyond payroll and tax overhead, other expenses are related to health insurance premiums, workers’ compensation insurance, recruiting fees, payroll processing, and legal cost. The cost of outsourcing payroll is very inexpensive compared to the cost of maintaining an in-house payroll staff.
Get Our PEO Running On Your All HR Mechanics
BPO-Bangladesh offers superior ASO bundle with PEO services which allow you to rest easy knowing experienced professionals provides necessary consulting to help your company run more smoothly. Our solutions involving services such as:
- Employee Handbooks
- Solutions for Time and Attendance
- PTO and Commission Accruals
- Tax amd VAT Reporting
- Employee Health Benefit Packages
- Pay-As-You-Go Workers’ Compensation
- Risk Management Consulting
- HR Administration Service (ASO)
- Background Checks
- Drug Screening
Engage With Our Cost-Effective Administrative Service Organization (ASO)
Our ASO services are a cost effective way to consolidate and coordinate the outsourcing of payroll, tax administration, employee benefits and general human resources administration allowing HR professionals to focus on employee relations and other HR activities that contribute to a your business success.As one stop resource, we treat both to our clients and employees, with respect, and to ensure they are confident in our ability to provide accurate and timely payroll, invoicing, and benefits administration as the employer of record.BPO-Bangladesh administrative services organization (ASO) we provide HR administration, payroll support, regulatory compliance, and benefits administration, but does not operate under a co-employment service model. The key benefits are :
- Administrative Relief
- Consolidate Vendors
3. Paperless HR administration
4. Increased Product Offering
How Do Our PEO & EOR Services Work For You
Hire employees abroad, without setting up an entity.
When you are hiring staff / employee from outside the country your business operates in, without going through the process of opening a subsidiary or branch in each of the countries you plan to recruit in.
Hiring people through the employer of record services means you don’t have to have a company locally.
Increase Profitability Integrating the Co-Employment Relationship with a Professional Employer.
Employer of record services can help you hiring overseas employees with required set you skills through joint-employment or co-employment model.
- You are new to the foreign market and not prepared to make a commitment of opening a branch office just for employment purposes.
- The foreign country has complex and unusual employment laws that are unfamiliar to your HR department.
- One of your strategies for global expansion is to outsource the employment and administrative functions.
- You are hiring remote workers in other countries, but still need a way to run a local payroll for them.
No matter what your reasons are for using an EOR, selecting our service can add value when you considering business in Bangladesh. Just like a tourist in Dhaka or Bangladesh, you can usually find the best restaurant by doing some research and finding reviews, instead of just choosing the first one that you come across in the street.
FAQ For PEO Services
Here, Services such as co-employer, payroll and taxes are filed under the PEO Service model. It is new unique way to save on HR outsourcing model makes you compliant with the local labor law through our cloud technology.
In a co-employment relationship, the BPOBD acts as the administrative employer while the client continues its role as Worksite employer managing daily operations in Bangladesh.
Though PEOs formally accomplish all the staffing requirements, the actual business owners or clients can still directly supervise or control the staffs. The customers regulate job responsibilities, quality standards, salary rates, performance standards, working hours, compliance with rules, and other terms.
PEOs undertake a contractual obligation to pay salaries. Moreover it fulfills with the taxation rules and regulations of a country. BPOBD is expert in reporting income and withholding taxes and making sure all the kind of required taxes are paid on
Companies that seek to expand their businesses to foreign countries, often face the issue of not having the adequate knowledge or experience of the regulatory compliance. This is where PEOs come into play by professionally handling payroll, accounting, taxation, and compliance matters.
If you are a client of our BPOPD Professional Employer Organization (PEO) service, we are giving you a reasonable option to pay your insurance premiums. Moreover, If health insurance for any covered person in your account is cancelled due to non-compliance with pre-paid healthcare act, BPOBD will refund the premium for any prepayments in excess of the covered period.