Are you having challenges to hire and manage employees in India?
Tap onto a wider talent pool in India to fast track your business expansion.
This is a common struggle for many high growth companies due to the language barriers, cultural differences and the complex, ever-changing employment laws. Look no further than our employer of record solution.
We provide a comprehensive employment solution, so you can focus on your core business while we take care of the rest.
Why Choose Our Employer of Record Solution?
1. Price transparency
Our solution offers complete transparency in pricing, so you know exactly what you’re paying for and can manage your workforce costs more effectively.
2. Compliance
Our all-in-one compliance management system simplifies HR processes across jurisdictions, freeing up your time to focus on growing your business.
3. Advisory
With our platform, you have access to local compliance experts who can guide you through the complexities of managing a distributed workforce, ensuring that you stay compliant with local laws and regulations.
How Our Employer of Record Solution Works?
Our process is simple and efficient. First, we hire the employee on your behalf and become their official employer.
Then, we manage all legal and administrative tasks, including payroll, taxes, benefits, and compliance.
Finally, we work closely with you to ensure a smooth and successful
onboarding process.
Why Choose Us as Your Employer of Record?
1. Price transparency
Our solution offers complete transparency in pricing, so you know exactly what you’re paying for and can manage your workforce costs more effectively.
2. Compliance
Our all-in-one compliance management system simplifies HR processes across jurisdictions, freeing up your time to focus on growing your business.
3. Advisory
With our platform, you have access to local compliance experts who can guide you through the complexities of managing a distributed workforce, ensuring that you stay compliant with local laws and regulations.
Get Started Today : Don’t let the complexities of employment laws in India slow down your business growth.
Choose our employer of record solution and simplify your hiring process.
Contact us today to learn more and get started.
India Country Overview
With a population of more than 1.4 billion, India is a sovereign state in South Asia. Being the second most populated country in the world and the seventh-largest nation by land area, India has a mixed economy that combines government control and private enterprise.
India’s economy comprises of different sectors. This includes manufacturing, IT, and agricultural industries. it is a significant player in the global economy.
Capital City
New Delhi
Currency
Indian Rupee (INR)
Principal Language
Hindi
Government
Federal Parliamentary Republic
Employment Contracts
Written contracts are not required by law in India, but they are commonly used to protect workers and employers and limit legal action. Fixed-term contracts, on the other hand, must be in writing.
Typical employment contracts in India include:
Performance evaluations
Deductions
Pension grievance and disciplinary procedures, among other things
The following are the various types of employment relationships:
1.Permanent Employment
According to India’s Industrial Relations Code (IRC) 2020, permanent employment has no fixed termination date. Statutory benefits include paid annual leave, sick leave, mandatory health insurance, gratuity pay, and a provident fund.
2. Contracts with a set term
Fixed-term contracts are typically for a set period of time under a written agreement, with a maximum term of seven years.
3. Temporary Employment
In accordance with the Model Standing Orders for Service
Working Hours
Maximum 8 hours a day not exceeding 48 hours a week
Public Holidays
In accordance with the law, these are some of the national holidays in India.
1. New Year’s Day: January 1st
2. Republic Day: January 26th
3. Independence Day: August 15th
4. Gandhi Jayanti: October 2nd
5. Christmas Day: December 25th
6. Good Friday: March or April (dates vary each year)
6. Easter Monday: March or April (dates vary each year)
7. International Workers’ Day: May 1st
8. Eid al-Fitr: May or June (dates vary each year)
9. Independence Day: July 4th
10. Eid al-Adha: July or August (dates vary each year)
11. Dussehra: October (dates vary each year)
12. Diwali: October or November (dates vary each year)
13. Muharram: October or November (dates vary each year)
14. Guru Nanak Jayanti: November (dates vary each year)
15. Christmas Eve: December 24th
16. The day following Christmas Day: December 27th
17. New Year’s Eve: December 31st
18. The day following New Year’s Day: January 2nd
19. The day following Republic Day: January 27th
20. Maha Shivaratri: February or March (dates vary each year)
21. Holi: March (dates vary each year)
22. Mahavir Jayanti: March or April (dates vary each year)
23. Vaisakhi: April (dates vary each year)
24. Guru Purnima: July (dates vary each year)
25. Janmashtami: August (dates vary each year)
Employee Benefits
1.Social security
Employers are required to contribute to the Employees’ Provident Fund (EPF), which is administered by the Employees’ Provident Fund Organization (EPFO). This fund provides retirement benefits for employees and is funded by contributions from both the employer and the employee.
The contribution rate is typically 12% of the employee’s salary.
2. Health insurance: Employers are required to provide health insurance for their employees through the Employees’ State Insurance Corporation (ESIC). The contribution rate for health insurance is typically shared equally between the employer and the employee.
Find out about AYP’s total workforce management solution today!
Learn more about AYP Global Pay, Asia Pacific’s smartest People and Payroll Management System. Contact our HR specialists to learn more.
