PEO in Singapore
Hire staff and expand in Singapore with our PEO Service
With our Professional Employer Organisation (PEO) service, we provide Employer of Record (EOR) solutions for companies who are intending to hire employees or staff to manage the Singapore market without setting up a Singapore company first.
What are PEO Services?
Professional Employer Organisation (PEO) refers to where service providers provide outsourcing HR services such as but not limited to Employer of Record (EOR), Recruitment, Immigration, Payroll, Insurance, HR advisory, and consultancy.
Employer of Record (EOR) refers to a service that legally offers employment to employees on behalf of the client through an agreement, taking care of the employees’ HR matters such as but not limited to insurance, payroll, work visa matters. The service offers you to hire your employees in Singapore without setting up a local company where the employees are still managed by you, while we act as the employer of record in Singapore.
Who might need PEO/EOR service?
- If you think that the maintenance and cost of a Singapore company is too high
- If you are a foreign corporate that does not have immediate intention to set up a Singapore company but wishes to hire or relocate staff to test the local market
- If you intend to place or hire staff for a temporary project/market research in Singapore or in the region
- If you are a local corporate that is intending to wind down but wishes to retain the local employees
- If you are a local corporate that may be facing a headcount freeze/limited quota
Here’s why you should use our PEO and EOR service:
Companies are now expanding quickly, especially into the Asian market. We provide a quick and effective solution to enhance your business growth. Here are some advantages of PEO/EOR service:
It saves time and allows quick expansion into the Singapore market through immediate hiring
No Local Entity needed
Recruit staff or contractors to build the operations on site for projects in Singapore.
Hassle Free Employee Onboarding
We do a full comprehensive recruitment and if needed we get Work Visa Application done right for you
Monthly Payroll Service
Salary & payroll processing, including CPF, tax and any other required statutory submissions.
On-Site Legal & HR Team
Contract renewal, termination procedure, annual leave management, HR support & advise.
Low Risk and Maintenance
PEO/EOR service will assist you and ensure that the manpower regulations are met.
Talk to our service leader:
CA (Singapore), CVA (Assoc), MBA
Director – Co-Head of Advisory and Outsourcing
FAQs about PEO Services
- PEO – Professional Employer Organisation handles all the HR related matters for a client’s business Which include recruiting, onboarding, payroll administration, personal tax matters, employee benefits, insurance and other employment law compliance.
- PEO service allows companies to build and expand their businesses overseas more quickly through HR service solution associated with hiring of employees in the local country.
- 1. Get Recruitment and staffing services
- 2. Better employee insurance rates
- 3. Get payroll and HR compliance matters done by PEO company
- 4. Get tax matters managed easily.
- Yes, with PEO service small businesses can access staff resources quickly and get HR experts to administer staff at a fraction of costs compared to hiring their own HR team.
- The following are the advantages of engaging a PEO
- – Cost savings
- – Access to HR with specialized skills and expertise
- – Enable Inhouse HR team to focus on strategic HR functions
- – Compliance with Employment Law legislations
- – Peace of Mind with Payroll Process
- – Access to HR service provider HR & Payroll system
Hire staff in Singapore: Fast, without a local entity and in 100% compliance with local laws
Rikvin is a a leading corporate service provider and as a Singapore PEO specialist, we adhere Singaporean laws and rules