Third-Party Employee Outsourcing Services (TEO)
Minimizing Risk with Off-Roll Payroll Management
Modern organizations are increasingly preferring to engage employees through third-party payroll systems, often known as off-roll payroll, to save expenses while simultaneously addressing concerns about reputation and employee responsibility. By working with Meteors, your firm may delegate the hiring process to us, allowing us to manage your staff through our payroll system, reducing the risks to your reputation and responsibility connected with people.
How It Works
Meteors Bangladesh Ltd. recognizes the crucial necessity of growing your business and nurturing your client base. Our Third-Party Employee Outsourcing (TEO) solution is intended to streamline your operations while saving you time, money, and effort.
TEO handles the recruitment and management of white-collar employees on your behalf, freeing up your time to focus on critical business operations. Outsourcing resource-intensive operations allows you to cut operating expenses, increase productivity, and free up internal resources for strategic projects.
Our comprehensive TEO solution encompasses all areas of human resource administration and payroll, guaranteeing compliance with local legislation and providing employees with critical benefits such as medical insurance. As the functional owner of your staff, you have complete control over their daily management while benefiting from the knowledge and efficiency of our specialized team.
Meteors Bangladesh Ltd. makes outsourcing simple and reliable. Our established track record and dedication to quality make us the go-to partner for businesses wanting to achieve their objectives swiftly and efficiently. Contact us today to learn more about how TEO may help your business.
Benefits of Outsourcing Employees in Bangladesh with Meteors
Cost-Effective Solutions
Meteors Bangladesh Ltd. provides cost-effective outsourcing solutions for lowering operational costs. Rather than committing to a full-time permanent staff under your payroll, outsourcing provides a clear grasp of prices and services upfront.
Enhanced Focus on Core Activities
Meteors Bangladesh Ltd. helps your firm to efficiently assign non-core work, freeing up critical time and resources for key initiatives. Companies might shift their emphasis away from trivial or time-consuming tasks and towards essential areas that require quick attention.
This business move improves productivity and keeps a greater focus on fundamental company objectives.
Avoidance of Critical Labour Act Compliances
Meteors Bangladesh Limited can help you keep your firm completely compliant with labor rules. Our professional team specializes in detecting and resolving typical compliance issues, such as a lack of established processes, insufficient monitoring, and inadequate training.
We proactively manage risks by conducting extensive evaluations and providing bespoke solutions to protect your operations against penalties, legal proceedings, and interruptions. We provide a comprehensive approach to compliance management, from creating a strong compliance culture to setting a good example for leaders and reporting to third parties seamlessly.
We are committed to remaining current with changing rules to ensure your company’s continued compliance and reputation integrity. Do not leave compliance to chance!
Access to Diverse Talent Pools
Meteors Bangladesh Ltd. offers your company to have access to diverse talent pools, including specialized and experienced individuals. This access to varied people allows organizations to seek skills that may not be available in-house.
Companies that use outsourcing can have access to high-quality craftsmanship from industry specialists, allowing them to reach their business objectives faster.
What is the role of PEO/HR Support Services with Employee Outsourcing?
Businesses frequently outsource a wide range of complex services to a Professional Employer Organisation (PEO) to streamline operations.
PEOs engage in contracts with businesses to manage a variety of duties, primarily those related to human resources. PEOs often handle the following critical services:
- On-boarding processes
- Administration of health benefits
- Payroll Management
- Comply with payroll taxes
- Handling leave of absence
- Implementing paid time off policy
- Managing Workers’ Compensation Claims
- Processing unemployment insurance claims