Reducing Hiring Costs by 60% With Hirspark's Payroll
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Client Overview
ZeonTech is a fast-growing FinTech company offering cross-border payment solutions. With new funding, they began expanding globally to serve emerging markets, especially in Latin America and Southeast Asia.
Problem
- Hiring international talent was expensive and time-consuming
- Manual payroll via local agencies caused delays, errors, and compliance risks
- Vendor and entity setup costs were draining their expansion budget
- Managing multi-currency payments and local taxes became overwhelming.
Goal
- Reduce hiring and payroll costs by at least 40%
- 60% reduction in total hiring and payroll costs
- Ensure compliance and timely payments for every employee
- Create a single, scalable system to manage their distributed team
Solutions Provided
- EOR (Employer of Record) setup in 6 new markets with no entity needed
- Multi-country payroll automation with local compliance built-in
- Unified dashboard to manage hiring, contracts, and invoices
- Real-time reporting for finance & HR visibility
- Automated local tax and benefit handling
Results Achieved
- 60% reduction in total hiring and payroll costs
- 14-day average onboarding time per hire (down from 35 days)
- 100% compliance rate with labor laws in all 6 countries
- Consolidated 4 HR tools into one single platform
- Saved an estimated $160,000 annually on administrative overhead
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