Asia

Introduction

Establishing a distributed remote team in Asia comes with challenges like hiring the right talent, managing their payroll, staying compliant with local laws, and more. These tasks are essential, but also very daunting. 

With an Employer of Record (EOR) in Asia, you can now have a team of your own without setting up a local legal entity. Skuad is an Employer of Record that simplifies hiring and compensation of full-time employees in a foreign country.

Payroll and HR Trends in Asia

Unlike in Europe, where governments strive for standardization, Asia will stay distinct and unique for the foreseeable future, but this makes doing business here considerably more intriguing! Some of the key payroll and HR trends in Asia are mentioned below.

• Enforcing accurate and timely payment
  Salary is an essential component when it comes to employee management which makes it critical. Getting payroll management and processing right has been a challenge for many organizations. There is also an increased interest in pau equity across the region.
  Due to the changes in working patterns in Asia, legislation will be applying increased scrutiny and stricter laws to impacted industries in the Asian region to safeguard the workforce from negative effects such as wage theft.

• The significance of employee well-being
  For many years, employees’ physical health and safety have been a major focus area in many organizations. However, the mental well-being of employees has taken center stage since 2020 and continues to have a significant impact on hiring trends in Asia. 
  According to Randstad Workmonitor data, 87% of Singaporeans believe that having the freedom to work from home improves their productivity, creativity, and job satisfaction. Similar patterns may be observed in other Asian nations.
  

How does an employer of record (EOR) work?

Skuad is an Employer of record in Asia, which serves as a Global HR Platform for companies looking to hire and pay remote talent. Partnering with an employer of record allows organizations to legally and effortlessly hire the best talent in Asia, without setting up a local legal entity. Skuad manages the hiring and onboarding of employees, runs payroll and provides statutory benefits, gives ongoing legal and HR support, and much more.

Skuad provides Employer of Record services in the following Asian countries: 

• Armenia 
• Azerbaijan
• Cambodia
• China
• Hong Kong
• India
• Indonesia
• Japan
• Kazakhstan
• Malaysia
• Mongolia
• Myanmar
• Pakistan
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Uzbekistan 
• Vietnam

Talk to our People Ops experts to discuss your requirements and see how Skuad can help. Book a demo today!

FAQs

What is an employer of record in Asia?

An Employer of Record (EOR) in Asia, is a third-party organization that legally employs your international workforce without a local entity and compliantly manages payroll, taxes, benefits, devices, work visas, background checks and more.

How much does an employer of record cost in Asia?

The Employer of Record in Asia costs between $500 to $2000+ per month depending on the EOR you choose. For instance, the EOR provided by Skuad (A Payoneer Company) starts from 199 USD per employee.

Is it legal to use an EOR for hiring international employees?

Yes, it is legal to use an EOR to hire international employees and manage their payroll, taxes, benefits etc., without a local entity. EORs, like Skuad, a Payoneer company, operate by becoming an official employer for your global workforce and help you compliantly facilitate employee management as per local laws.

What is the best employer of record in Asia?

Skuad, a Payoneer company, is one of the best employer of record to hire in Asia. Partner with Skuad EOR to compliantly hire and manage payroll, benefits, taxes and more without a local entity.

What are the benefits of using an EOR?

An Employer of Record helps client companies with rapid market expansion in new regions, locally compliant recruitment and management of global employees without a local entity, mitigates hiring risks, reduces administrative overhead and handles onboarding, payroll management, taxes, benefits administration, insurance, devices, work visas, background checks and more.