Employing in India
An employer of record, sometimes known as an international PEO can help you quickly hire and onboard workers in the India – often with just two weeks’ notice. Establishing your own local entity without risk and saving costs, this type of service makes an EOR in India worth checking out!
The captivating, colourful country of India has long been known for its mix of traditions, renowned local cuisine and stunning sites — perfect for modern-day adventurers looking to explore. But for international businesses, India also offers a unique opportunity to become a part of the globe’s fifth-largest economy and the second-most populous country.
India has the fastest growing economy in the world, spending billions on infrastructure, and has increased its size by six times since 2000! It’s often described as a developing market economy and has been identified as one of the world’s largest emerging economies — known as the ‘BRICS nations’ (along with the likes of Russia, Brazil, China and South Africa). Many international companies move to India to take advantage of the country’s huge pool of both skilled and unskilled labour, which is available at a comparatively moderate cost. However, many organisations that expand into India for the costs tend to stay for the quality and investments in innovation.
Most opportunities can be found in the major northern cities, such as the financial centre of Mumbai and India’s political capital New Delhi. The southern megacity of Bengaluru is also home to the India’s high-tech industry — while arts, retail and hospitality tend to be centred around the coastal tourist hotspots, such as Goa in the west. Foreign companies needn’t worry too much about settling in and establishing connections, either: the main business language is English.
An overview of employing in India
Holiday Entitlement in India
30 days is the standard notice period given to any employee who has worked for an employer for more than three months. No notice period is required for employment contracts terminated due to employee misconduct.
Severance pay is only required if the employee in question has been working for the employer for two years or more and they’re being let go due to redundancies. The severance pay will vary depending on the length of employment and salary.
Important note: As the Employer of Record, the responsibility for assessing the legal basis and issuing appropriate legal documentation for a potential termination is the responsibility of TopSource Worldwide. It’s imperative that the employer (client) consults TopSource Worldwide prior to any individual discussions taking place around possible termination of contracts.
Other Contractual provisions
Keen to engage an EOR in India? At TopSource Worldwide, we work with local experts to help you navigate the various admin and cost obstacles you may come across along your expansion journey
To find out how we can help your business with our employment solutions, contact us today.
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