Typically, in order to access HR outsourcing or PEO services in Latin America, it is customary to establish a company or have a legal entity. However, Ongresso offers alternative solutions tailored to your specific expectations and objectives. Engaging a PEO service offers several key advantages, including access to local HR expertise, streamlined management of payroll and benefits, compliance with local employment laws, and a reduction in administrative burdens. It is important to note that potential disadvantages may involve a reduced level of control over HR functions and potential challenges in aligning with the processes of the chosen PEO.
On the other hand, the most significant benefit of an EOR service is the ability to circumvent the need for legal entity registration, extensive paperwork, associated costs, and bureaucratic processes. Nevertheless, it is important to consider that a potential disadvantage of using an EOR service is the limited control over HR processes.
An EOR service primarily focuses on managing the legal and administrative aspects of employing talent, such as payroll, taxes, and compliance. Conversely, a PEO service typically provides a more comprehensive range of ongoing HR services, extending beyond employment administration. Here there is a table that summarize main points: