International vs. Domestic Companies – What are the benefits of working with a PEO?

According to the National Association of PEO’s (NAPEO), companies that work with a PEO increased growth by 7-9%. Companies that work with a PEO/EoR spend less time on managing auxiliary business functions and have a greater capacity for business development initiatives resulting in faster growth. 

Canadian PEO’s/EoR’s provide value-add services for both domestic and international companies. 

BENEFITS OF A PEO FOR DOMESTIC BUSINESSES:

• Reduced overhead costs – no need to employ full time designated HR & Payroll professionals
• Instant access to HR, Payroll & Employment Law specialists
• Custom HR solutions tailored to your unique business
• No keeping up with the ever-changing Canadian labour legislation
• Minimize the risk of fines, penalties and back-taxes associated with improper employee classifications

BENEFITS OF A PEO FOR INTERNATIONAL COMPANIES:

• No legal entity required to operate in Canada (with EoR services CRA registration is not required).
• Rapid expansion into the Canadian market. 
• No hefty start up fees or legal costs. The EoR takes care of: 
  • Remittance #’s 
  • Worker’s Comp
  • EI
  • Taxation
  • CPP
  • Health Premiums
• Instant access to a knowledgeable team of professionals who focus solely on Canadian labour legislation & best practices. 
• Instant access to top international talent and a workforce that isn’t limited by boundaries. Employees have the freedom to work from wherever “home” is. 

The OI Group specializes in PEO/EoR services for both Domestic and International companies. Curious about learning how we can help grow your business?

Call us today 1.800.668.9852.