The largest economy in Southeast Asia, Indonesia is also classified as a Newly Industrialized Country. As a NIC, the sovereign state belongs to a subset of developing countries with economic growth much higher than other developing countries. As such, the social consequences of industrialization are reorganizing its multicultural, multilingual, and multi-ethnic society.
For foreign companies seeking to expand into Indonesia, these same factors make the island country both highly appealing, and incredibly complex for successful market entry and integration. Issues with labor unrest, changing governments, and a growing population (Indonesia is the world’s 4th most populous country) offer unique challenges in this economy – but also highly attractive growth potential. Partnership with a PEO or employer of record (EOR) is the simplest and most efficient way to ensure success within the diverse economic sectors Indonesia provides.
Read on as we explore the benefits and ratings of the best Indonesian PEOs/EORs for your needs.
Why partner with a PEO/EOR in Indonesia?
Dealing with the diversity of Indonesian business laws and economic features can slow market entry. The experience and local expertise of a Southeast Asian PEO allows businesses to hire employees in Indonesia efficiently and quickly while remaining compliant with local laws and regulations. As PEOs operate in Indonesia, they manage the most labor-intensive administrative aspects of your business, such as contract completion, human resources needs, and payroll. Serving as a local partner and EOR, they are an essential part of business operations for overseas companies.
Best Indonesian PEOs & Employer of Record
New Horizons Global Partners
Based in Shanghai, New Horizons Global Partners leads with a robust Asian client roster that includes Fortune 500 companies. They can secure and administer contracts in the required language and guarantee legal and tax compliance. They accomplish this with localized expertise, providing their clients with smooth market entry and seamless employee procurement.
For any company that requires a simplified launch with turnkey management aspects and a full suite of PEO/EOR solutions, NHGP has proven itself to be an invaluable partner in new Indonesian markets
The American company Velocity Global provides end-to-end services for expanding businesses and has a global reach. For research, their helpful online Resource Center offers information on global expansion, the general ins-and-outs of PEO, and suggestions on how to handle onboarding.
Focusing on speedy employee launches, Velocity Global has worked in 185 countries since 2014, including Indonesia. They pride themselves on their knowledge base and are currently expanding their cloud-based platform capabilities.
Papaya Global’s client roster is heavy on technology companies – which matches their platform-based PEO. With their capabilities for workforce support in over 100 countries, including Indonesia, Papaya offers efficient service for many industries.
Their automated management services are accomplished with an online, cloud-based SaaS system. They offer localized insights and centralized management, all handled via their web platform. For new companies that have found local specialists in Indonesia, they can utilize their all-purpose system for HR issues.