With a global professional employment organization (PEO), you don’t need a local company/entity to start hiring in China – the biggest market in the world. A PEO lets you hit the market running in the shortest amount of time. With a growth rate of more than 6% year over year, China offers opportunities you don’t want to miss.
The PEO operates like an employment agency that handles all of the administrative duties – onboarding, payroll, and people management, all while ensuring full local legal compliance. You direct the employees in their day-to-day tasks and let the our Chinese PEO handle the rest. It’s that simple.
With Papaya, our pricing model is simple. You pay a fixed fee for each employee for every month of employment. There are no hidden fees, and no change in rates based on the salaries of your workforce.
Our China prices are designed to make it as easy as possible to plan your global workforce spending. Every employee hired through our PEO also receives HR support, benefits management, and customized BI reports to track workforce spending in real time.
A global PEO or EOR is a low risk, high reward method for testing a new market before making a full commitment. While opening an entity takes time and money, a PEO is quick and inexpensive. As the employer of record, the PEO assumes all legal liability for the employees.
There is no need to wait to get started. Onboarding with a PEO is the quickest and best way to enter the Chinese market and start reaping the benefits. If the project grows, it’s easy to change to a more permanent establishment. If not, there are no penalties for the effort.
China is not only the largest country in the world by population, with a whopping 1.3 billion people, and the fastest growing. It’s also a key gateway to the entire Asia Pacific region. A foothold in cities such as Beijing, Shanghai, Guangzhou can open doors to the entire Asian region.
Labor costs in China are extremely competitive on the world market, making China an excellent place to hire. The infrastructure for hiring locally is strong in China, especially compared to any other developing nation.