Cost of Hiring Remote Employees in India: A Complete Guide

Emily Fernancdas26 Aug, 2024Business

Many global companies see India as a major market destination for hiring remote employees, considering the availability of a vast talent pool in the country. Freelancing/contracting, outsourcing, subsidiary formation, and employer of record (EOR) are popular business models through which overseas businesses hire employees in India. It?s important to have a complete picture of the cost of hiring remote employees in India for each model before you make a final call for team expansion. If you?re hiring a remote team for a long-term project and may later require expanding the workforce size, you must choose the model that will be cost-effective in the long run. The costs of hiring remote employees become a heavy load when you increase the size of your remote workforce. Although cost remains a primary concern for any business investment, it isn?t the sole deciding factor. You also need to consider other factors, including employee management, operational risks, etc. besides costs.