Sao Tome and Principe EOR & PEO

You can hire an EOR to recruit and manage workers for you in STP. You’ll pay the EOR a fee for each employee, and it, in turn, will typically provide all of the following services:

1. Hiring your employees: Perhaps the most important service an EOR provides is legally hiring employees on your behalf, so you don’t need your own entity in STP. To do this, it will need to understand your staffing needs – the numbers, positions, and standards you require. With this information, it can begin the recruitment process. The EOR will look at its labor pool and local networks to find appropriate candidates. It may also advertise your job openings publicly if you need specialized employees. It will propose its candidates to you, and if you approve them, the EOR will hire them, becoming their sole legal employer in Sao Tome and Principe.
2. Managing employment contracts and onboarding: The EOR can help you negotiate terms and compensation with the workers you intend to hire. Once you’ve agreed on these terms, it will include them in employment agreements. The EOR will sign these contracts with the employees, employing them to work directly for your company. Once the workers have been hired, the EOR will onboard them. This involves taking their personal and payment information, adding them to employee databases, and registering them with the tax and social security authorities. It may also provide them with an orientation to prepare them to begin work for your company.
3. Processing payroll and handling employment taxes: You can also outsource your payroll and employment tax function to the EOR. You’ll collect worked hours data, including overtime and bonuses and send this on to the EOR along with funds for paying their salaries. The EOR will calculate each worker’s gross salary and then figure out their net salary by withholding taxes and social security contributions. It will disperse these net salaries to the employees, remit their taxes, and pay their and your social security contributions every pay period. It will also provide the employees with detailed pay slips and you with all the relevant data from its payroll processing activities.
4. Administering benefits: You can sweeten the deal for your employees by offering them additional benefits such as private insurance or pension fund contributions. If you do, the EOR can also administer these by signing workers up for appropriate programs. Each pay period it will calculate contributions and pay them to these programs accordingly.
5. Taking care of exit procedures: There will come a time when you’ll need to terminate employees, either for individual or economic reasons. The EOR will assess your reasons and figure out if you’ll need to give notice and make severance payments. If so, it will take care of these functions as the workers’ legal employer.