EMPLOYER OF RECORD SOLUTIONS
Illuminati provides customized and bespoke solutions which simplifies the hiring process of employees in India. This enables you to do business in India almost immediately — saving money and time — without the need to establish a separate subsidiary company.
Our Offering
For businesses expanding into India, the emphasis on variable allowances and benefits in negotiating an overall compensation package can be daunting. Employers are generally prohibited from hiring and paying employees without first establishing a subsidiary in India. To establish such a subsidiary, and to ensure that hiring is compliant with local rules for allowances and benefits, could take months, causing significant business delays.
With Illuminati Employer or Record solution, businesses can begin operating in India in as little as 7 days. Illuminati acts as the legal employer of your workforce in India, meaning there is no need to establish a subsidiary there for the purposes of employing staff. With an in-house recruitment team, we can help you source, hire, and onboard top local and international talent.
Our Packages include but are not limited to
India Payroll Processing: Illuminati shall ensure that the India Team for Factor Law is processed in compliance with local employment and tax laws. Expense management and compulsory employee contributions along with withholding taxes are also managed by Illuminati. We can provide our standard tailored payroll outsourcing, offering the additional use of our India entity to act as your employer of record. This service is ideal for any organization looking for a low-risk, flexible, and rapid route into the Indian marketplace.
Employee Onboarding: Seamless transition from hiring to set up of the India Team within record time after completing all mandatory pre-employment checks.
Virtual Legal & HR Team: Illuminati provides guidance through the employment matrix including employee contract drafting, negotiation and management solutions along with legal advisory.
Compliance Management: Illuminati ensures that employment and payroll are managed in ongoing compliance with India employment and tax laws.
Attendance Check and Control: Advanced mechanism to automatically track in and out time and attendance of India Team.
India Benefit Management
Typical benefits given at these levels are
- Provident Fund
- Hospitalization Insurance
- Accident Policy
- Term Life
- Leave:
- Maternity Leave
- Paternity Leave
- Adoption Leave
- Gratuity
- Tax Efficient Planning
Supplementary Benefits:
- Special Allowance
- Vehicle allowance
- Telephone/mobile phone allowance
- Leave travel allowance of concession (LTA/LTC)
- House rent allowance (HRA)
- Conveyance allowance
- Vehicle allowance
Advantages of EOR
- Save time and costs on global employment responsibilities
- Hire from the global talent pool
- Reduce compliance risks
- Protect your employee data
- Improve your international employee experience
- Adapt to the future of work
Pricing
For 1 to 5 Employees: Illuminati Fee is 25% over actual quote
Beyond 5 Employees: Illuminati Fee is 20% over actual quote
USP of EOR@Illuminati
We help businesses hire and manage employees globally and reduce administrative costs, comply with local laws, and manage payroll.