A Professional Employer Organization (PEO) is an outsourcing service which provides various benefits to your employees and your organization. It also helps with most of the administrative needs related to your employees. You can completely focus on your main business while the PEO makes sure that all administrative tasks can be done on time.
Before sharing what a PEO can do for you, I would like to share some reasons of why you should use a PEO services for your business?
It enables you to have a more streamlined HR team with a smaller headcount that reduces your burden of recruitment and management. This has an added benefit of reducing training costs, overtime costs, travel costs, reimbursement etc. Also, you don’t have to worry about compliance problems. Since the PEO firm has specialists who focus on their specific task and the laws surrounding Tax, employment laws etc. It works best for small and midsize businesses without the budget or need for in-house HR employees.
PEO services manage payroll processing which includes salary calculation and distribution, SSB calculation and paying, IRD calculation and paying, and Government Employment Contract management and submission. Beside the Government Employment Contract, it also includes Internal Employment Contract rewriting or creating with your organization’s policy. PEO also handles onboarding and offboarding, maintaining employees’ compensation coverage, benefits administration such as paid time off, health insurance benefits etc., which is provided by the employer as well as Visa, Stay Permit, and Immigration services for your foreign employees in your organization and handling HR tasks on your organization behalf.
PEO services can manage these HR tasks for your business that an in-house department might handle in a larger business. They are
• HR and recruiting services
• Health and safety policies
• Workplace compliance tools
• Employee benefits
Are you looking for the best PEO services provider in Myanmar?
Myanmar Payroll & Outsourcing is the one of the best PEO services provider in Myanmar which has 150+ Local and international Clients. We offer turnkey solutions to get our clients operational and competitive within 48 hours with well-trained, experienced employees.