Dubai is one of the growing business centers around the world. As a result, many companies are increasing their interest in doing business in Dubai. It may, therefore, be quite challenging to handle a business in Dubai because of handling human resources, making payrolls, and compliance, among others. This is where Professional Employer Organizations (PEO) come in. PEOs give complete HR solutions in UAE that enable businesses to outsource their HR functions and remain with the core activities of the business. This article explores the best PEO companies in Dubai, their services, and how they can benefit your business.
What is a Professional Employer Organization (PEO)?
A professional employer organization is a company that offers an outsourcing service wherein an employer can delegate responsibilities such as employee benefits, payroll, workers’ compensation, recruitment, risk and safety management, and training and development. This especially works for small companies and medium-sized businesses that may not have the resources to handle these functions in-house.
Benefits of Using a PEO
- Cost Savings: By pooling resources from a number of different clients, PEOs are in a stronger position to negotiate discounted rates for benefits and insurance coverage.
- Compliance: The PEO ensures compliance with local laws and regulations. Local laws and regulations have to be adhered to, reducing the legal risks of the business venture.
- Efficiency: This enables a business to focus on core activities, outsourcing HR functions for higher efficiency.
- Benefits to Employees: Often, by spreading the costs, PEOs can provide better benefits packages for employees. Attracting and maintaining top talent is very important in today’s job market.
- Risk Management: PEOs provide expertise in risk management, reducing the potential for litigation and workplace injuries.
- Access to Expertise: PEOs hold expertise and experience specialized in human resource management, payroll, and compliance.
Read More: Benefits of Outsourcing HR Services in UAE
Top PEO Companies in Dubai
1. FAR Consulting Middle East
FAR Consulting Middle East is one of the leading PEO companies in Dubai, and it is known for its comprehensive HR solutions and excellent customer service. Their services include but are not limited to HR management, payroll processing, compliance and risk management, employee benefits administration, and recruitment and staffing. Their team of experts understands the local market and can provide tailored solutions to meet the unique needs of your business.
2. Nathan & Nathan
Nathan & Nathan is an HR outsourcing company servicing more than 12,000 employees every day across an extremely wide industry. Its client base ranges from small start-ups to some of the largest organizations operating in the United Arab Emirates and worldwide. All of its services are fully compliant with UAE Labour Laws, with a preparedness to provide access to Ministry of Labour-complaint HR services.
3. TASC Outsourcing
TASC Outsourcing has been providing innovative and effective hiring solutions to enterprises of all kinds and sizes. Over time, TASC Outsourcing has evolved to become one of the region’s leading recruitment, staffing, and HR service providers. It offers a complete suite of integrated business services such as contract staffing, permanent recruitment, HR management, payroll outsourcing, and offshoring, designed to help increase the efficiency of businesses and simultaneously decrease their costs.
4. Horizons
Horizons ensures day-to-day guidance to help businesses navigate Dubai labor laws and regulations. As your Dubai Employer of Record, Horizons is responsible for withholding taxes on employees’ wages, making payroll tax payments to state authorities, and filing tax returns with the Dubai Tax Office.
5. Global PEO Services
Fast and effective recruitment in Dubai without a local entity, Global PEO Services enables an organization to enter the Dubai market in the shortest possible time. They take care of all HR functions, and payroll management, and ensure compliance with local regulations.
Difference Between a Dubai PEO and a Dubai EOR
| Aspect | PEO (Professional Employer Organization) | EOR (Employer of Record) |
| Definition | Provides HR services to employees of a client company | Legally and officially hires employees on behalf of companies |
| Services Provided | HR services, payroll, tax, and legal regulation compliance | HR services, payroll, tax, legal regulation compliance, and legal liabilities of recruitment and employment |
| Employment Relationship | Contract remains between the original company and the employee | A contract is directed by the original company but made solely between the EOR and the employee |
| Legal Responsibilities | Limited to providing HR services | Assumes all legal liabilities of recruiting and employing employees |
How to Choose the Right PEO for Your Business
With many PEO companies in Dubai, picking out a partner is very critical. Here are some factors to consider:
- Experience: You want to deal with a PEO that has accrued success previously in Dubai and experience within that specific industry.
- Available Services: Ensure they provide the services you need—visa processing, payroll, and benefits administration.
- Compliance Policy and Knowledge: Go for a PEO that boasts a wealth of knowledge regarding the laws of labor in the UAE, which is taken seriously for implementation.
- Scalability: Consider whether the PEO can accommodate your business’s growth plans.
- Transparent Communication: Engage a PEO with transparent prices, clear communication, and no hidden fees.
- Client Testimonials: Read reviews and testimonials from satisfied clients to know the reputation of the PEO.
How FAR Consulting Middle East Can Assist You
Making use of a PEO in Dubai can be vital in terms of cost savings, improved efficiency, and applying local laws. Farahat & Co. is considered to be one of the best PEO service providers in Dubai. It provides services that suit your business interests. Our areas of competence include human resources management, payroll processing, compliance, and employee benefits. Let us help you outsource these functions in Dubai so that you can focus on expanding your business. Contact us now to find out how we can help your business here in Dubai.
