India EOR Solutions

If you’re looking to hire employees in India for your business, AYP Group can help make the process easy. Our India EOR service handles HR, benefits, payroll, and tax needs, allowing you to quickly hire employees and test out new markets in India. Our EOR solutions enable you to build your team without the legal and financial responsibilities of setting up a separate entity or worrying about contractor risks. Let us handle the details while you focus on your business goals. Contact us today to get started!

 

 

 

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:

 

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.

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.

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. 

 

Benefits contribution

  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.