Employer Of Record
|Termination of resource||3m after probation, 1m within probation. Compensation to employee according to the govt Acts on termination of services|
|Work location||Client’s arrangement|
|Hours a month||45 hours a week|
|Working hours||Local time|
|Additional work hours||Additional hours * 1.5 time of hours cost, according to the OT law|
|Devices and Infrastructure||Client’s arrangement|
|Recruitment Fee||One month’s cost in case if SourceOne deploys a profile for client|
|Replacement||Free within 3 months for SourceOne deployments|
|Pricing||200 USD a resource, 5% Service Charge on reimbursement|
|Exchange rate||Mutually agreed flat rate for every 1 year period|
|Data protection/IP rights||According to the ISO 27001:2022 standards|
EOR is perfect for international businesses that require a local employer of record in Sri Lanka to manage all employment-related legalities, payroll, and benefits for their local employees without setting up a legal entity in Sri Lanka. SourceOne serves as a co-employer, enabling the client to concentrate on their primary business operations.
In EOR, the client is responsible for the deployment, choosing the candidate, offering insurance/statutory benefits, and for whole control of the process. The client who gets the service from us has the authority to arrange the work location either from home or the client’s rented space in Sri Lanka.
Our service includes full-time employees only, but we offer any number of employees on request and we will charge a fixed rate per resource monthly, and a separate service charge on off the payroll payments like reimbursements, bonuses, etc. However, bench staffing will not be provided by SourceOne. The maximum work requirement for a resource will be 45 hours per week.
SourceOne stands out by offering a replacement without a fee within the first 3 months, in any case, if SourceOne happened to deploy a profile for the client, the recruitment fee will be One month’s cost.
We ensure data privacy/IP rights according to the ISO 27001:2022 standards and mutually agreed on a flat exchange rate for every 1-year period.
On termination of any resource, SourceOne expects a notice period of 1 month during probation and 3 months after the probation. Employee compensation on termination shall be according to the government Act on Termination of No 45 of 1971.