Many new foreign market participants believe that they could run their business in Ukraine like at home.
They tend to completely underestimate the legal and administrative complexities to do business in Ukraine.
The management of personal in Ukraine is much more formal and complex compared to Western European countries.
Their Ukrainian competitors know their boundaries and work arounds but international companies in Ukraine do not have such luxury.
New market participants get their first governmental audits between 3-5 years after establishment. At this point it is almost impossible or at least very expensive and time consuming to correct mistakes related to Ukrainian labor laws and payroll calculations.
Outsourcing payroll accounting with ClarusApex offers a solid firewall protecting the business from early mistakes. Setting up standard HR procedures and documentation systems build a foundation for employee satisfaction, retention and future business growth.
Outsourcing of human resources and payroll accounting is significantly cheaper and compliant compared to trying to get along with a none compliant management and salary payment of your staff.