Compandben HR solutions in April 2020

Payroll & PEO Services

• Onboarded a further 19 employees in Portugal for a USA client into a PEO solution

Employment Outsourcing Services

• Provided an outsourced employment service for an employee in Netherlands for USA firm.
• Started employment of an employee in UK in Compandben International UK UK. This was classed as a TUPE transfer-subject to the EU Transfer of Undertakings legislation. It has been complicated to transfer the pension and life insurance over.
• We terminated an employee in UK owing to a permanent drop in business for the client.
• An agreement for outsourcing of ten employees in Franceis under negotiation with an Indian firm.
• Set up an outsourced employment service for 3 employees in France for a USA PEO client but for 3 different USA clients.
• Started the outsourcing of employee in Montenegro for USA firm
• Started an outsourced Employer of Record service Ireland for a USA firm for just one employee, using our company Compandben Ireland.
• Under pressure from Covid 19 we had to restrict working time for 3 employees, reducing the working week by one day.
  Because we charge a % of salary and employer social charges as our fee, this immediately reduces our revenue.
• Under pressure from Covid 19 economic impact one of our clients has reduced costs by 30% which automatically drops our revenue by 30%.
• Launched an employment outsourcing assignment in Vietnam including private medical benefits for a US-based food and beverage ingredients firm.
• Went live with an EOR solution in Switzerland with a new Employment of Record partner. We routinely send to our local employment services partners a month’s salary deposit. Our previous partner in Switzerland has decided to keep the deposit for 6 months; but our client wants his money back ! so we have obviously now decided not to use this firm in the future.
• We had 3 proposals rejected and lots of projects are effectively frozen because of the Covid19 epidemic.
• We got the go ahead for an employment service in Soudi Arabia. We are using a new provider of services as we had some disagreements with the previous one. Pity as in the past we have got on very well and Saudi Arabia has been a successful country for us.
• Started three new employment outsourcing implementations in Austria.