Hiring talent in Portugal -How an EOR can help ?

Portugal has become a favourite destination for companies looking to expand and hire qualified candidates. In fact, the start-up scence particularly in the technology sector alone recorded growth of more than 16% compared to the previous year. However, hiring talent in Portugal can be challenging especially if you are new into the market as the country's labor laws are both complicated and highly regulated, while non-compliance can result in legal  penalties.

If you are worried about dealing with the complexities of the hiring process, it is recommended to partner with an EOR . They are specialists in dealing with legal and administrative issues and can help you focus on expanding your team by hiring the right talent while taking care of all the time consuming and complex issues.

What is an EOR ?

EORs assist businesses in running smoothly by taking care of administrative and compliance tasks. This includes drafting employment contracts, processing payroll, managing tax declarations, and overseeing employee benefits. The EOR serves as the legal employer, ensuring that salaries and benefits are paid on time, allowing your business to concentrate on daily operations.

Why Portugal's Talent is worth exploring?

Skilful & Multilingual Workforce

Portugal is home to well known universities that are producing top notch graduates with robust skills in technology, engineering, life sciences, and other emerging sectors. The younger workforce is especially multilingual with strong proficiency in English and other European languages, making them an ideal choice for roles with a global focus.

Due to their problem solving skills and adaptability the country's work force is an ideal choice for dynamic industries.

Quality of life that attracts talent

The excellent quality of life— in Portugal, underlined by safety, affordability and a temperate climate, makes the country an attractive destination for talented professionals.

State Support

The Portuguese government also provides regular support to the efforts of  attracting  and retaining talent in the country through different initiatives such as the Tech visa program which simplify the process for companies looking to hire global talent.

How Can EOR help hiring Talent in Portugal ?

Below are the reasons how EOR can simplify the talent hiring process in Portugal.

Ensures Compliance with Labor Laws

When hiring talent, adherence with Portuguese labour laws is mandatory. The law demands compliance with legal contracts, wages, benefits and workplace standards.The EOR will ensure that all employments related laws are complied with thereby reducing any legal exposure.

Offers Flexibility

Using an EOR service allows you to hire Portuguese talent flexibly, whether for short-term or long-term needs. You are also not required to set up a legal entity, as the EOR is technically the employer on your behalf. This flexibility help you focus on your core business by saving time and cost.

Handles Payroll and Taxes

The EOR assumes responsibility for payroll accounting and ensures timely and correct salary payments, tax deductions and contributions to the social security system.

Manages Employee Benefits

Employees are an important part of your organisation and managing their benefits in a timely manner makes them feel valued. The EoR manages the benefits to which employees are entitled under Portuguese law in a timely and efficient manner.

The Bottom Line

By hiring in Portugal, you can attract and retain talent and grow your business in a cost-effective way. When you work with a reputable EoR service like Swapp Agency, they will streamline the hiring process so you can build a dream team and gain a competitive advantage in the Portuguese market.