Hiring in Taiwan with an Employer of Record (EOR)

For employers hiring employees in Taiwan, here’s how an EOR can help.

Taiwan, a thriving technological hub with a highly skilled workforce, offers significant opportunities for businesses looking to expand their global operations. Known for its innovative industries and strong economic growth, Taiwan has become an attractive destination for international companies.

If you’re looking to expand your business’s presence in Taiwan, an Employer of Record or EOR can help you navigate the complexities of local labor laws and streamline your hiring process. By partnering with an EOR, you can quickly and efficiently hire talent in Taiwan without the need to establish a legal entity.

An EOR acts as the legal employer for your Taiwan-based workforce, handling HR and compliance responsibilities, while you retain control over daily operations and lead strategic decision-making.

Why choose an EOR for hiring in Taiwan?

For startups, small businesses, and medium-sized enterprises facing rapid global expansion, navigating the complexities of the Taiwanese labor market can be a difficult task. With limited in-house resources, outsourcing HR functions to an EOR offers a streamlined solution to make new hires in Taiwan.

By partnering with an EOR, you can:

• Rapidly hire and integrate new employees into your Taiwan operations without the need for a local entity.
• Let the EOR handle complex labor laws and ensure full compliance.
• Streamline HR processes by outsourcing payroll, benefits, and tax administration.
• Offload HR tasks to the EOR, freeing up your team to focus on strategic initiatives.

An EOR acts as the legal employer for your Taiwan-based workforce, ensuring low-friction onboarding, payroll processing, and benefits administration. This allows you to concentrate on growing your business in Taiwan while the EOR takes care of the complexities of local employment law.

Choosing between an EOR and PEO in Taiwan

When expanding into Taiwan, businesses have two primary options. One is an EOR, and the other is a professional employer organization or PEO. To make an informed decision, it’s crucial to understand the key differences between an EOR and PEO.

For businesses seeking full control over their HR and compliance obligations with regards to employment law in Taiwan, an EOR is the preferred solution.

How to select the right EOR provider in Taiwan

When selecting which EOR is best for your expansion into Taiwan, several key factors must be considered. A poorly chosen EOR sets the stage struggles with compliance, costs that would be avoidable, and a detrimental impact on your employee experience.

• Legal compliance: It’s crucial to assess the EOR’s understanding of Taiwan’s complex labor laws, regulations, and cultural nuances. How well does the EOR understand Taiwan’s labor regulations and cultural nuances? Does the EOR have a proven track record of handling industry-specific compliance challenges in Taiwan?
• Customer service: Does the EOR provide reliable customer support, including dedicated account managers and timely responses to inquiries? Multiplier offers round-the-clock human-first support, with no bots, every day of the week. A dedicated manager handles your account.
• Pricing and transparency: Ensure the EOR offers transparent pricing models without hidden fees or unexpected costs. What is the actual bottom cost? The answer to this question is what you need.
• Total cost of ownership: While initial costs are important, it’s crucial to consider the long-term value and potential additional costs associated that could rear their head with an EOR provider. Avoid choosing a low-cost provider. They may compromise on quality of service or compliance down the line. Instead, invest in a reliable EOR that can deliver exceptional value and minimize risks.

How EOR services work in Taiwan

Step 1: Send that contract over

Once you’ve identified the ideal candidate and the EOR partner for Taiwan, your new hire can be up and running in no time. Through automation found in the EOR system, Multiplier will generate a legally compliant employment contract in under five minutes tailored to Taiwanese labor laws. You can customize terms such as job responsibilities, working hours, remuneration, and termination conditions. The contract will be securely sent and signed, ensuring a smooth onboarding process.

Step 2: Enhance compensation with competitive benefits

To attract and retain top talent, you’ll want to offer a competitive benefits package. Your EOR can help you design a benefits package tailored to Taiwanese standards, ensuring compliance with local regulations and employee preferences. And you won’t have to choose from a long list of local vendors yourself.

Step 3: Get all your documentation in order

Your EOR will then streamline the onboarding process by collecting necessary documentation, such as tax and banking information, set up payroll. This ensures a smooth and efficient start for your new hires. Multiplier handles all required documentation directly, enabling a frictionless process without the hassle of paperwork. Onboarding employees in Taiwan may seem like too tall of an order, but in reality, an EOR makes it easy.

Step 4: Run payroll for employees based in Taiwan

Running payroll in Taiwan can be complex due to specific tax rates and regulations. By partnering with an EOR, you can simplify payroll processes and ensure accurate and timely salary payments. The EOR will handle all local taxes, contributions, and withholdings. Multiplier’s global payroll solution enables you to manage payroll for everyone in your workforce from a single platform.

Step 5: Manage your employees and leave HR compliance to the EOR

Multiplier runs all aspects of post-hire onboarding, ensuring that your Taiwanese employees receive their first paycheck and all those thereafter on time, accurately calculated. Multiplier will also manage terminations and voluntary leaves, which can be complicated compliance-wise with local labor laws.

Moving forward with Multiplier EOR in Taiwan

An EOR is a strategic choice for businesses seeking to expand quickly into Taiwan. By outsourcing HR and compliance functions, you can streamline operations, mitigate risks, and focus on core business activities.

Multiplier’s Employer of Record (EOR) services are comprehensive. The solution is just right for expanding your workforce in Taiwan. Hire top talent. Leave the task of establishing the needed local legal entity to Multiplier.

Multiplier ensures seamless hiring, onboarding, and employee management processes. We offer locally compliant contracts, managed payroll, and a range of customizable benefits tailored to Taiwanese standards.

Book a demo today to learn how Multiplier can help you achieve your global expansion goals in Taiwan.