Ever wondered how to hire accountants in the Philippines directly?
Let's dive into it.
So, you're ready to expand your firm and hire some accounting staff, but the whole process seems overwhelming, right?
That's where an Employer of Record, or EOR, comes in.
It's essentially a company based in the Philippines that you partner with.
They handle all the payroll, benefits, and compliance for you.
You just pay them, and they take care of the rest.
But hold on, you might be thinking, "Wait, isn't this similar to those big BPOs with hefty fees and complex contracts?"
Well, not quite.
A BPO, or Business Process Outsourcing company, is different.
They handle recruitment, provide office space, and add layers of management between you and your team.
Plus, they usually charge much more.
But here's the thing, BPOs might not have access to the best talent.
People often prefer working directly with companies.
With a BPO, you're bound by their contracts and if you ever want to take your team elsewhere, it could get messy.
If you want to learn more about the difference between an EOR and BPO, read here.
An EOR, on the other hand, focuses solely on payroll and compliance.
No fancy offices or extra layers.
And guess what?
It's way more cost-effective.
Plus, crucially, it's your team.
You have control.
If you’re wondering if you should hire for skills or attitude, find out here what our take on this is.
So, how does this arrangement work?
You and your team members agree on salary and benefits.
Then, with the EOR, you get a detailed breakdown of the salary, government-mandated benefits, and contributions.
You sign a contract with the EOR service provider, who, in turn, has a contract with your team member.
You start paying your team members, and that's it!
Find out here if you should hire offshore Accountants as employees or contractors.
But what about computers and IT support?
Well, they'll need computers, of course.
There are various solutions for this.
They can use their own, or you can arrange for local IT support to provide laptops or set up virtual machines.
Sure, it's a bit more to manage, but it's a one-time thing and saves you from ongoing hefty fees.
And when it comes to IT security, it's universal.
Best practices apply whether your staff is remote or local.
You're in control, and there are plenty of resources available to help you set it up.
Now, you might be wondering, "Can't I just pay my employees directly as contractors?"
Absolutely, it's possible.
But keep in mind, it's essential to be aware of the legalities.
Different jurisdictions have their own regulations, so it's crucial to know the rules in both the Philippines and your own country.
At Team Up, we're all about empowering you to build your own team.
We believe in your unique culture, your relationships, and training your team your way.
Whether you choose to pay them directly or work with an EOR, we're here to support you.
We've got a ton of resources to help you navigate the process of hiring and managing staff in the Philippines.
At TeamUp we help accountants and bookkeepers hire directly.
We recruit the best talent in the Philippines for a flat fee.
There are no ongoing fees because it's your team and if you need help with payroll or compliance, we can connect you with an Employer of Record who can handle all of that for you.
If you want to learn more, hit the button below to sign up to our bi-weekly newsletter where I share my top hiring and management tips for working with staff in the Philippines.
Or check out some some more resources on hiring in the Philippines here:
If you have any questions please feel free to reach out we're always happy to help.
Hire top accountants in The Philippines with TeamUp DirectHire.
