Spain’s strong culture and worker protection laws are common reasons for seeking out a Professional Employer Organization (PEO). After the economic crisis of 2008, Spain has shown steady recovery and GDP growth. Currently, they’re ranked highly in infrastructure, continue to lead the EU in worldwide exports, and are a tempting proposition for businesses who are open to expansion in an appealing climate. If you’re considering the country for a test market, a PEO can be invaluable.
PEOs and Employer of Record (EOR) services allow overseas businesses to launch in Spain without setting up a legal entity. They’re experienced with the Spanish labor laws and the intricacies of collective bargaining agreements (“convenio colectivo”) and other regulations. They can recruit, interview, and hire employees for your company, handle onboarding in an expedited fashion, and then continue to serve as your Human Resources department after you’re up and running. Payroll, benefits, taxes, and more are handled through the PEO, while the employees are under your direction.
How can a PEO help you succeed in Spain?
Working with a PEO/EOR in Spain has many advantages beyond speeding your business. Their ability to work with contracts, recruits, and new hires in the native language is invaluable – helping you avoid misunderstandings and poorly worded contracts. They’re familiar with the Spanish employment market, and some PEOs with more comprehensive services can assist with not only hiring, but in securing local resources and facility sites. We’ll list the top 3 Spanish PEO/EOR candidates below.
The 3 Best PEOs/EORs in Spain
PEO Worldwide: www.peoworldwide.com
UK-based PEO Worldwide has been providing services to customers worldwide since 2013. They’ve worked in more than 100 countries to date, and have a particular focus on serving United States companies.
Their offerings include light advisory functions, project management, and other consultancy services, in addition to their ongoing payroll, human resources, and hiring offerings. PW doesn’t have locations within Spain, but does network with local experts to handle their particular brand of PEO services.
global peo: www.globalpeo.com
Global PEO has had steady growth since their initial launch. They provide a variety of integral services for their diverse client portfolio, including strategic advisement and turnkey business openings.
Global advertises affordable options and company entities in your chosen country. This approach makes them a particularly sound choice for companies looking for a real partner in Spain. Global PEO’s Spanish PEO services can support recruitment, staffing, all HR functions, and much more, all handled by local staff with expertise in the area. Language barriers, cultural nuances, and even the best locations for your offices are all dealt with by their hand-picked staff.
Global PEO Services: www.globalpeoservices.com
Global PEO Services uses a SaaS web service to help companies organize and monitor their leased employees. The company has been developing their services steadily, adding their proprietary Mihi platform to their offerings most recently. They provide local company in each country they serve, backed up with centralized HR service offerings.
GPS utilizes staff experts to help business expansion kick off rapidly, and then transfers the bulk of the work online. It’s a solid solution for companies that are looking to deploy new branches in their chosen countries after they’ve already developed internal protocols and structures. With GPS, they can use a simplified Human Resources solution to handle their Spanish workforce, while focusing on their main business operations.