For any company hoping to test the market in France, there are some fantastic benefits. Location, a highly diversified economy, and a solid position in the world economic rankings (Ranking at 10th by GDP) set it apart. Strong growth in sectors such as the chemical industry, a robust transportation network, and a large number of harbors are all factors that entice new businesses, especially those focused on exports.
Utilizing the labor force in France can come with some unique challenges, as Collective Bargaining Agreements and the culture combine. The standard 35-hour workweek, extended maternity and paternity leaves, and generous severance packages are all quite different from countries like the United States. The French national health insurance, private pension fund contributions, and compulsory employer contributions to Social Security (URSSAF), unemployment, and life/disability coverage are also parts of the costs of doing business in the country.
Rather than increase delays and mistakes in recruiting, hiring, onboarding, and managing French employees and their human resources requirements, a Professional Employer Organization (PEO) is often used for new businesses. It can be relatively easy to identify the part of France to set up your new branch – Sophia Antipolis, for example, for technology start-ups. However, the sheer complexity of hiring and executing employment contracts in a foreign language, all while assuring compliance with payroll and benefits, can be overwhelming. When a French PEO, or Employer of Record is used, they become the entity that hires and employs your staff – handling the complicated human resources aspects, while you continue to manage your team and company directly.
Why rely on a PEO in France?
In addition to smoothing the way to faster business launches, PEOs can expedite hiring and recruitment as they work on your behalf. The best PEOs and EORs have local talent experts and the ability to navigate local regulations and laws. They assure compliance, administer payroll, and continue to serve as your company’s HR department as long as you need them. It’s the most efficient way to outsource one of the more complicated aspects of doing business in France. We’ve listed some of the top French PEO/EOR groups below.
Best French PEOs & Employer of Record
BRADFORD JACOBS: WWW.BRADFORDJACOBS.COM
Bradford Jacobs advertises their group as providers of Pan-European PEO services, with bases in Malta, the Netherlands, and the UK. They offer rather extensive experience with European markets, and strive to provide local advisors in the country where clients are launching their branch.
BJ is geared towards payroll and Human Resources solutions for their client base, and also offers assistance with Blue Cards, French work permits, and other work visa classifications. They can be a sound choice for companies planning on future EU launches.
Globalization Partners: www.globalization-partners.com
185 countries are part of GPs worldwide services, where they offer speed and efficiency with hiring, onboarding, and transition to their payroll. Their centralized management via a web platform is useful for clients to check in on necessary information and updates for their staff, no matter where their location.
Globalization Partners offers the option to continue as the PEO/EOR as long as needed, serving as the complete Human Resources solution. Payroll, benefits, and all the necessary French contributions are paid through their entity, while the day-to-day operations of your business location are left in your hands, while you manage your employees. Their highly centralized approach to managing your data might not be best for every organization, but their particular brand of service is fine-tuned and efficient.
The Global PEO network is based in Hong Kong, and offers its services in more than 160 countries worldwide, including France. Successful partnerships with Fortune 500 companies and a wide range of industries have helped their company grow rapidly.
Global PEO offers a range of services, including international recruiting, and utilizes local experts to deliver tailored results for employee searches, site consultation, onboarding, and more. Their emphasis on assisting clients with multiple locations worldwide and local experts is often a winning proposition for expansions into new markets.