Velocity Global and Oyster both offer global employment solutions, but they cater to different needs. Velocity Global offers a more comprehensive platform covering various aspects of global workforce management, while Oyster focuses on simplifying global hiring and payroll with transparent pricing plans.
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Velocity Global is a software platform that helps businesses manage their global workforce. It simplifies hiring, paying, and managing employees in 185 countries, all while staying compliant with local laws. This is achieved through their global Employer of Record (EOR) service and technology platform. Their software helps manage payroll, benefits, equity, immigration, and pensions across borders. Velocity Global is trusted by over 1000 brands and offers personalized support to their clients.
Oyster is a global employment platform for businesses to hire and manage full-time and contract employees in 180+ countries. It simplifies global hiring by automating tasks like generating compliant contracts, managing payroll in 140+ currencies, and offering competitive benefits packages tailored to local markets. Oyster acts as an Employer of Record (EOR), eliminating the need for businesses to set up legal entities in foreign countries. It aims to ensure legal compliance and streamline global employment complexities, making international hiring more accessible.
Summary
Main difference
Velocity Global emphasizes personalized support and a consolidated platform for various global workforce management tasks, including payroll, benefits, and equity. Oyster focuses on simplifying global hiring and payroll with transparent pricing and automated contract generation, offering different plans for contractors and full-time employees.
Relative strengths of Velocity Global (compared to Oyster)
More comprehensive global workforce management features beyond payroll and hiring.
Stronger emphasis on personalized customer support.
Higher reliability and performance scores based on user reviews.
Relative weaknesses of Velocity Global (compared to Oyster)
Velocity Global helps businesses manage their global workforce, simplifying hiring, payroll, and compliance in 185 countries. Users praise the platform's ease of use and responsive customer support. However, some users mention navigation difficulties and limited local partnerships. It's ideal for medium to large businesses expanding globally, especially in finance, IT, or professional services.
Oyster helps businesses hire and manage full-time employees and contractors in 180+ countries. It simplifies global hiring by automating tasks like generating compliant contracts and managing international payroll, eliminating the need for businesses to establish legal entities abroad. Users praise Oyster's user-friendly platform and streamlined onboarding process, while some have noted occasional payroll issues and limited benefits options.
Ideal for medium to large businesses (100+ employees) seeking international expansion.
Particularly well-suited for Finance, IT, and Professional Services.
Best for medium to large businesses (101+ employees) seeking rapid international expansion.
A good fit for companies in software, IT, finance, and other sectors with global hiring needs.
Velocity Global and Oyster features
Supported
Partially supported
Not supported
Type in the name of the feature or in your own words tell us what you need
Global Hiring and Employment
10
sources
Supported
Velocity Global fully supports global hiring and employment, covering employees and contractors in 185+ countries.
Supported
Oyster supports global hiring and employment of employees and contractors.
AI-powered workforce platform
10
sources
Supported
Velocity Global offers an AI-powered platform for managing global teams.
Supported
Oyster simplifies building and managing global teams with its AI-powered platform.
Global hiring and onboarding
10
sources
Supported
Velocity Global supports compliant global hiring, onboarding, and payroll in 185+ countries.
Supported
Oyster supports compliant global hiring, onboarding, and payroll in 180+ countries.
Mobile onboarding
10
sources
Supported
Velocity Global offers mobile onboarding through its Global Work Platform.
Partially supported
Oyster HR features suggest it could be mobile friendly but its not guaranteed.
Mobile payroll
10
sources
Partially supported
Velocity Global offers mobile access and a self-service portal, but mobile payroll access is not confirmed.
Supported
Employees can access payroll information on mobile devices.
Multi-Country Payroll
10
sources
Supported
Velocity Global supports multi-country payroll via its Employer of Record (EOR) solution.
Supported
Oyster supports multi-country payroll, handling local regulations and taxes.
Oyster offers a global employment platform for businesses to hire and manage full-time and contract employees in 180+ countries.
Plans
$29 per contractor/monthContractor
Hire, pay, and manage contractors. Generate compliant contracts in 180+ countries. Onboard contractors in minutes. Pay invoices in 140+ currencies. Manage expenses, time off, and more.
$25 per user/monthGlobal Payroll
Pay your direct employees. Run multi-country payroll from one platform. Pay your employees accurately and compliantly. Receive support from our payroll specialists. Generate payslips and reports. Integrate workflows with your HRIS.
$699 per user/monthEmployer of Record
Hire, pay, and manage full-timers. Hire full-timers compliantly in 130+ countries. Onboard talent in as fast as 48 hours. Run payroll in 140+ currencies. Access employment intelligence and support. Reduce risk with confidentiality and IP assignment agreements.
CustomScale
Annual plan for 3+ EOR hires. Everything in Employer of Record, and enjoy reduced annual rates, reuse seats at no extra cost, benefit from speedy bulk onboarding, access dedicated account manager, robust customer support, and success resources.
User-friendly platform and intuitive user interface.
Responsive and helpful customer support.
Streamlined onboarding process.
Enables hiring in countries without establishing a legal entity.
Users dislike
Lack of a mobile app.
Difficulties adapting the platform to specific country standards (e.g., Brazil).
Some website sections can be confusing to navigate.
Limited local healthcare provider options (e.g., Colmedica in Medellín, Colombia).
Lack of local bank partnerships for payroll (e.g., Bancolombia in Colombia).
Limited benefits options and expensive benefits packages.
Payroll issues, including inaccurate payments and late payslips.
Slow customer support response times.
Difficulties in customizing contracts.
Velocity Global and Oyster Ratings
G2
4.7/5
(201)
Glassdoor
3.4/5
(320)
G2
4.4/5
(654)
Capterra
4.5/5
(65)
Glassdoor
4.4/5
(204)
Company health
Employee growth
2% increase in the last year
5% increase in the last year
Web traffic
40% increase in the last quarter
15% increase in the last quarter
Financing
November 2021 - $500M
May 2024 - $288M
How do Velocity Global's and Oyster's onboarding processes differ for new hires?
Both Velocity Global and Oyster offer automated onboarding processes through their platforms. Velocity Global emphasizes mobile onboarding functionality, while Oyster highlights automated workflows and a centralized platform for international employee onboarding. Neither provide specific details on the exact steps or timelines involved in their respective onboarding processes.
Which platform provides better localized support for payroll and benefits administration?
Velocity Global and Oyster both offer robust payroll and benefits administration features for international teams. However, Velocity Global emphasizes personalized support, which may translate to better localized support for payroll and benefits, addressing country-specific regulations and complexities more effectively than Oyster's more automated approach. While Oyster offers benefits packages tailored to local markets, Velocity Global's focus on personalized support may provide a more hands-on approach to navigating the nuances of local benefits administration.
What are the advantages of Velocity Global?
Velocity Global boasts a higher G2 rating (4.7/5) compared to Oyster (4.4/5), indicating stronger overall customer satisfaction. Velocity Global emphasizes its AI-powered workforce platform, providing a potentially more advanced and efficient user experience for managing global teams. Furthermore, Velocity Global highlights its consolidated global payroll management across 185 countries, offering broader coverage than Oyster's payroll services. Finally, Velocity Global emphasizes personalized support, potentially offering a more tailored customer experience compared to Oyster.
What are the disadvantages of Velocity Global?
Velocity Global's disadvantages include the lack of a mobile app, navigation difficulties within some areas of their website, limited local healthcare provider options, challenges adapting the platform to specific country standards (like Brazil), and a lack of local bank partnerships for payroll in certain regions (e.g., Colombia). Additionally, they do not publicly disclose their pricing.
Michal has worked at startups for many years and writes about topics relating to software selection and IT
management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs
of any business and find solutions to its problems.
TT
Tymon Terlikiewicz
CTO at Gralio
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech
department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX,
HR, Payroll, Marketing automation and various developer tools.
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