How EOR solutions simplify hiring Filipino cost estimators
Hiring skilled talent from diverse regions has become essential for organizations seeking to expand their operations and gain a competitive edge. With its pool of highly qualified professionals and English proficiency, the Philippines has emerged as a popular destination for companies looking to outsource various tasks, including cost estimation. However, navigating the complexities of hiring Filipino cost estimators, particularly when it comes to payroll, taxes, and legal compliance, can be a challenging task. This is where Employer of Record (EOR) providers like the Global Squirrels’ platform.
In this blog, we will explore how EOR solutions simplify the hiring process for Filipino cost estimators, addressing key challenges such as payroll, taxes, and legal compliance.
What is an EOR?
Before we discuss the benefits, let us understand what an Employer or Record (EOR) is.
An EOR is a third-party organization that takes on your company’s legal responsibilities. This includes managing payroll, taxes, benefits, and compliance with Filipino labor laws. In simple terms, an EOR offers a solution for your business if you seek to hire Filipino cost estimators without the administrative burden. By partnering with an EOR, companies can seamlessly onboard and manage their Filipino cost estimators while ensuring compliance with local labor laws and regulations.
What are the benefits of working with an EOR to hire Filipino cost estimators?
1. Compliance and regulatory adherence
- Local labor laws: EORs are experts in navigating the complex Philippine labor laws and ensuring your company complies with local regulations.
- Tax compliance: They handle all tax-related matters, including payroll taxes, withholding taxes, and social security contributions.
2. Streamlined hiring process
- Rapid onboarding: EORs can expedite hiring, allowing you to quickly onboard Filipino cost estimators.
- Talent pool access: They have established networks and relationships within the Philippine job market, providing access to a broader pool of qualified cost estimators.
3. HR and payroll management
- HR functions: EORs can manage various HR functions, such as employee benefits, performance reviews, and time off management.
- Payroll processing: They handle payroll processing, ensuring accurate and timely payments to your employees.
4. Risk management
- EORs can help mitigate risks associated with international employment, such as employment disputes or labor disputes.
5. Allowing you to focus on core business
- Time and resource savings: Using an EOR allows you to focus on your core business activities rather than managing HR and payroll tasks.
- Scalability: EORs can quickly scale up or down your workforce as your business needs change.
What is the salary of a cost estimator in the Philippines?
According to a report on salary insights by Glassdoor, dated 9 Aug 2024, the average monthly salary of a cost estimator in the Philippines with 5+ years of experience is $890.55.
Challenges faced hiring cost estimators directly as a freelancer/contractor without an EOR
Lack of commitment
You may face some unexpected challenges when you hire cost estimators as freelancers. This is because they are not bound by long-term contracts that could impose restrictions or obligations. This means they can choose when to stop working for your business without prior notice. This lack of commitment results in wasted efforts and resources you may have put into their training.
Divided focus
Freelancers are often seen working with multiple clients simultaneously, which can lead to a lack of dedicated focus on projects. Juggling various assignments can result in confusion, delays, low-quality work, and failure to meet requirements. This will ultimately affect your overall progress and success on your project.
Inaccurate billing
As mentioned above, freelancers can work for multiple clients simultaneously, but there is a risk that they may bill you for full-time work hours while only dedicating part-time efforts to your projects. This can lead to overpaying the freelancer while your projects do not receive complete attention, ultimately impacting your budget and project timelines.
Related read: Construction Cost Estimating
How does Global Squirrels solve these challenges?
Global Squirrels is a SaaS staffing platform that allows you to hire remotely, either full-time or contractually. Our staffing platform offers transparent pricing where you know what you are paying for. Unlike other staffing agencies, our platform does not charge extra fees like VMS/MSPs or huge markups, saving you resources to attract top-cost estimators efficiently. One of our primary focuses is to help you hire Filipino cost estimators who meet all your requirements without any hassle.
Through our Purple and Orange plans, you can have cost estimators work as full-time employees and solve all the above freelance hiring-related challenges. The platform will share offer letters with appropriate employment agreements, including working exclusively for your business, ensuring they are dedicated to your business, and focusing only on your projects. The offer letter will also have notice period clauses, ensuring your hired cost estimators will serve a notice period before their employment with your company ends. With regards to billing, our platform has remote employee management features, such as task assignment, allowing you to assign tasks that need to be completed within a fixed number of hours. This ultimately results in accurately paying the cost estimators for their work.
With the Purple plan, we will handle all the HR and payroll-related tasks for the cost estimator you sourced. This includes negotiating pay, generating and sending the offer letter, ensuring they will comply with employment laws, and managing payroll and benefits efficiently. Our Orange plan helps you find and hire Filipino cost estimators who meet all your job requirements. This includes pre-screening their profiles and performing their background verification. Once this is done, our platform will share the most suitable profiles with you on your Global Squirrels portal. You can then interview them on a mutually agreed date and time. Once you select your Filipino cost estimators to hire, our platform will take care of all the HR functions, including onboarding, payroll, and benefits management.
In short, here are some of the key features of our EOR solution:
- Payroll management: Our platform handles all aspects of payroll processing, including calculating wages, deducting taxes, and making timely payments in local currencies.
- Benefits administration: Global Squirrels will manage employee benefits packages, such as health insurance, retirement plans, and paid time off.
- Risk management: Our platform will help you eliminate all risks associated with global employment, including employment disputes and legal liabilities.
Are you ready to hire Filipino cost estimators? Click here to request a demo today!
