Introducing PEO in Australia

Australia is ranked third in the world for economic freedom, just behind Singapore and New Zealand. This score, compiled annually by the Heritage Foundation, assesses factors such as the rule of law, government size, regulatory efficiency, and open markets. Australia scores highly in all these categories and has done so since the inception of the index. 

Despite a 4.2% economic contraction due to the COVID-19 pandemic, Australia’s economy remains strong, with a GDP per capita of USD 55,060. The country’s major industries include financial services, insurance, tech, mining, and agriculture. Moreover, the diversity and strength of Australia’s industries and its role as a major economic force in the Asia-Pacific region make it a popular destination for companies looking to expand their footprint abroad.

A Professional Employer Organization (PEO) - also known as an Employer of Record (EOR) - can simplify the process of doing business in Australia. A PEO can hire, onboard, payroll, and administratively manage your employees in the country, assuming liability and keeping your employment practices in compliance with national and local labor laws.

If you have questions about Horizons’ services in Australia, please get in touch with our team today!

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