Zirous' India team setup with Wisemonk
Wisemonk is trusted by 100+ global companies building their teams in India. Key customers include:
We have established ourselves as a leading Employer of Record service provider with over 4 years of experience. We have built a strong foundation in India's key technology hubs, with office locations in Bangalore (3 offices), Delhi, Chennai, Pune, and Kochi. Our presence in major Indian cities has enabled us to successfully support international companies in establishing their local presence.
Why Wisemonk?
- Expert Local Support: India-based HR team with deep understanding of local practices
- Employee-Focused Benefits: Flexible insurance plans and tax optimizations that maximize employee satisfaction
- Proven Growth Partner: We've helped companies evolve from their first India hire to teams of 20+ professionals, adapting our services as their needs change
Overview
Zirous' is setting up a small engineering team in India to drive global innovation. They aim to collaborate with the top-tier talent, tapping into India's technical expertise.
To achieve this, Wisemonk has outlined a strategic roadmap, including a project timeline, cost estimates, and competitive salary benchmarks. This will help achieve the objective of building a high-impact, India-based engineering team to support Zirous' continued growth.
Zirous will leverage an Employer of Record (EOR) arrangement to streamline recruitment and onboarding, allowing them to focus on identifying and nurturing the best talent while the EOR partner handles administrative complexities.
Project Timeline
As we prepare to set up your India operations, we've mapped out a streamlined 8-week timeline to have your first team members onboarded and ready to hit the ground running.
In the first phase, we'll handle the full recruiting process - from sourcing top candidates to conducting interviews and making offers. In parallel, our team will finalize all the Employer of Record (EOR) details to ensure a seamless onboarding experience for your new hires.
One week before the official start date, we'll dispatch all necessary equipment and enroll new team members in benefits like health and life insurance. This will allow us to hit the ground running from day one, with everyone fully equipped and ready to contribute.
Cost Estimation
To give you an idea of potential salary costs, we've estimated the projected annual salaries for key roles based on benchmarks for similar positions at leading e-commerce companies in India (Refer Appendix 1). These projections include a 20% increase to ensure we attract top-tier talent for your team.
Beyond salaries, our budget includes one-time equipment costs of ₹100,000 per employee and annual benefits of ₹50,000 per employee. Our overall financial projections account for these expenses, along with ongoing costs for EOR fees, office expenses, and employee engagement activities.
Additionally, you'll need to pay a one-time finder's fee when new hires join. For ongoing operations, we've projected costs for employee salaries, EOR fees, office expenses, and employee engagement in the table below:
Assumptions:
- Office space: Estimated at INR 18,000 per seat; May vary based on location, infrastructure, etc.
- Employee Engagement: Estimated at INR 3500 per employee; Team lunches/outings, festival/birthday celebrations, etc.
- USD/INR : 84
Wisemonk Recruitment services
Scope of work
Role Definition and Requirement Gathering
- Understand recruitment needs in collaboration with Zirous
- Develop detailed job descriptions
- Finalize required qualifications, experience, and compensation for each position
Sourcing and Advertising
- Develop and execute a tailored sourcing strategy
- Post job openings on LinkedIn/Naukri
- Leverage professional networks and Wisemonk’s talent pool to attract qualified candidates
Candidate Screening and Shortlisting
- Screen applications to assess suitability
- Conduct preliminary interviews
- Present a shortlist of top candidates for Zirous’ review
Interview Coordination
- Schedule and coordinate interviews between shortlisted candidates and Zirous’s hiring team
- Ensure timely communication and feedback throughout the process
Offer Management and Negotiation
- Coordinate job offers to selected candidates
- Support negotiation of terms and compensation
Recruitment Service Fee
Key terms
1
Finder's Fee
10% of the selected candidate's first year salary
2
Payment Terms
To be paid within 7 days of the joining of the candidate
3
Guarantee
Free replacement in case the candidate resigns voluntarily within 90 days
Wisemonk Employer of Record Services
Scope of work
Employment Management
- Complete Employment Lifecycle Management
- Employee Records Maintenance
- Standardised Onboarding Process
- Compliant Offboarding Process
Local Employment
- Full Compliance with Indian Labour Laws
- Tax Deductions and Filings Management
- Dedicated Support for Dispute Resolution
HR and Benefits Adminstration
- Comprehensive employee benefits
- Leave and Attendance Management
- Benefits Administration
IT and Equipment Management
- Device Procurement
- Employee delivery and declaration
- Device Retrieval
EOR Service Fee
Includes:
Dedicated account manager
Personalized support for your account needs
Local employment
Hiring local talent for better cultural fit
Payroll administration
Efficient handling of employee payroll
India Based Dedicated HRBP for Your Team
A responsive local partner to handle your HR needs
Unlimited expense reimbursements
Flexible reimbursement policy for expenses
Employee background check and reference check
Thorough screening process for new employees
Insurance Administration (Health/Life/Accident)
Managing employee insurance coverage
New Equipment Procurement Support
Assistance in acquiring necessary equipment
Equipment Transition Support
Smooth transition and setup of new equipment
L1 IT Support
Basic IT support for employees
Local payments in USD/AUD + 11 other currencies
Convenient payment options for global transactions
Appendix I
Salary Benchmarking
Integration Engineer
We have included the salary benchmarks of relevant candidates who have experience with Warkato and are currently working in leading companies in India:
Current annual salary (INR) vs Number of years of experience