When outsourcing your human resources (HR) services in order to break into other country’s market’s, there are a number of legalities and compliance measures that you must follow. This can be stressful and complicated, especially if your in-house payroll services aren’t familiar with a particular country. If you’re looking for HR and payroll services in Latin America (LATAM), we’re here to help.
Our expertise has helped numerous businesses break into the Latin American market, providing a professional HR and payroll system to free up your time and provide you with peace of mind. Payroll outsourcing may seem daunting, but it’s always better to know it’s being done right. Are you trying to break into the Latin American market? Read our latest article below.
Understanding the Market
There are many reasons why a business may want to branch out into Latin America. They offer labour at highly competitive rates, and the direct access to resources provides the incentive for businesses to expand. Understanding the culture of the staff you’re looking to hire, as well as getting yourself clued up on their payroll and HR services allows you to fully prepare yourself. By turning to a fully managed payroll service that understands the market, you can ease the stress you may put upon yourself.
Here at Payroll Worldwide, we understand the LATAM market, including the tax process, employment law and culture. Latin American payroll differs slightly from the UK, which can be confusing if your in-house HR team is used to working remotely. We can help you recruit new staff as well as get them on payroll, providing you with a fully-comprehensive HR solution.
Legislative changes in LATAM countries such as Mexico and Brazil are frequent; this requires changes in HR, payroll regulations and salary. This can be stressful to keep on top of and can take time out of the things that matter, such as the day-to-day running of your business. Specialist payroll experts dedicated to LATAM have a working knowledge of payroll in these countries, providing a cost-effective alternative to hiring in-house.
Staying compliant with local employment laws is a must, and in countries such as Argentina, labour laws strongly favour employees. You need to follow the rules to ensure your company isn’t breaking the law, but with our help, you don’t need to worry. We can ensure your business is following legislation closely and keeping in line with the latest laws.
How We Can Help
If companies outside Latin America wanted to venture into the market, they needed to learn the complex laws and open offices in the area. This is often time-consuming and unsuitable, especially when only hiring a few employees. With Payroll Worldwide, you can focus on the daily running of your company, whilst we handle payroll, compliance, and other issues related to hiring in LATAM.
To find out more about payroll in Latin America, please get in touch by filling out our online form.