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Case Studies1/20/20245 min read

Case Study: How TechCorp Saved 40% with EOR Services in India

Discover how TechCorp, a Silicon Valley startup, reduced hiring costs by 40% and accelerated their India expansion using EOR services. Real metrics and insights from their journey.

Case Study Team

Case Study Team

Documenting real success stories in global expansion

Case Study: How TechCorp Saved 40% with EOR Services in India

Company Background

TechCorp is a fast-growing AI startup based in San Francisco with 50 employees. They needed to expand their engineering team quickly to meet growing demand for their products.

The Challenge

TechCorp faced several challenges when considering expansion to India:

  • High cost of setting up a local entity ($25,000+ in legal fees)
  • 6-month timeline for entity setup
  • Complex compliance requirements
  • Need to hire 20 engineers within 3 months
  • Limited knowledge of India employment laws

The Solution: EOR Services

TechCorp partnered with MonoHR to use EOR services for their India expansion:

  • 48-hour setup time
  • No upfront legal costs
  • Complete compliance handling
  • Local HR support
  • Scalable hiring process

Results and Metrics

Cost Savings

  • Setup Costs: $0 vs $25,000 (100% savings)
  • Legal Fees: $0 vs $15,000 annually
  • Compliance Costs: $0 vs $8,000 annually
  • Total Annual Savings: $48,000 (40% reduction)

Time Savings

  • Setup Time: 48 hours vs 6 months
  • First Hire: 1 week vs 6+ months
  • Team of 20: 2 months vs 12+ months

Hiring Success

  • Hired 20 engineers in 2 months
  • 95% retention rate after 6 months
  • 40% lower salary costs compared to US
  • 24/7 development capability

Key Learnings

  • EOR services are ideal for rapid expansion
  • Significant cost savings without compromising quality
  • Local expertise is crucial for success
  • Scalable solution for growing teams

Conclusion

TechCorp's success with EOR services demonstrates how companies can achieve rapid, cost-effective global expansion while maintaining compliance and quality standards.

Tags

case studycost savingsEOR successIndia expansionstartup

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