Updated: Jun 14, 2022
When it comes to managing a global workforce, businesses have more options than ever before. However, with so many different payroll and HR providers to choose from, it can be hard to find the right partner. This is where the International PEO industry comes in.
International PEOs are companies that specialize in managing the payroll and HR needs of businesses with employees in multiple countries. While there are many different providers to choose from, not all of them are created equal. To help you find the best International PEO for your business, we’ve compiled a list of the five best providers in the industry.
These providers help businesses hire, manage and pay employees compliantly anywhere in the world. And since the industry is new, there are plenty of providers to choose from. So whether you're looking for a comprehensive solution or a simple way to stay compliant, there's an International PEO provider that's right for you.
The PEO industry provides a happy medium between the traditional options of hiring contractors or setting up a foreign entity. PEOs are professional employer organizations that act as the employer of record for its clients' international hires.
This means that the PEO handles all compliance-related matters such as payroll, taxes, and visas. As a result, PEOs take on a lot of the risk and hassle associated with hiring internationally, making the process much simpler and more streamlined for businesses.
Not only does this make the process of hiring internationally much easier for businesses, but it also opens up a whole world of talent to them.
With a PEO, businesses can hire the best person for the job, no matter where they happen to live. And as the PEO industry continues to grow and mature, we can only expect this trend to continue.
So without further ado, here are the 5 best International PEO companies for your HR needs:
Our Top 5 Picks for International PEO
Papaya is one of the hottest companies in the employment space right now. Their combination of global payroll, EOR, and contractor management services sets them apart, all wrapped up in a modern, easy-to-use platform. Plus, their flat-fee pricing model makes budgeting a breeze.
Papaya offers a suite of employment-related services including global payroll, EOR, and contractor management. Their platform is designed to be easy to use, with a streamlined interface and intuitive features. And their flat-fee pricing model means you'll never have to worry about budget blowouts.
Papaya's global payroll solution is second to none. They offer support for more than 70 countries, with local expertise in each one. This means you can rest assured that your employees will always be paid on time and in compliance with local regulations.
Papaya's EOR solution is designed to help you manage your contingent workforce. It includes a range of features such as time and attendance tracking, contractor onboarding, and performance management.
Papaya's contractor management solution is the perfect way to streamline your contractor relationships. It includes features such as contract management, invoicing, and payments. Plus, it integrates with Papaya's global payroll solution, so you can manage everything from one central platform.
If you're looking for a comprehensive employment solution, Papaya is definitely worth considering. Their platform is easy to use, their pricing is transparent, and their service levels are top-notch.
Deel is one of the best choices for companies that need to be able to hire both full-time employees and contractors. Their contract management tools are top-notch and make it very easy for employers to create contracts that are compliant with local laws.
They also have a great online community that can help employers connect with potential employees. Founded in 2006, Deel is headquartered in San Francisco, CA, and has offices in New York City, Los Angeles, and London.
Deel is one of the few companies that can help you with both full-time and contract employees. Their contract management tools are top-notch and make it very easy for employers to create contracts that are compliant with local laws.
For the cash-sensitive buyer, Deel is typically more cost-effective than many of its competitors and provides a dedicated support model.
In addition, Deel offers a great selection of perks, such as unlimited vacation days and a flexible work schedule. As a result, Deel is the perfect choice for any company that wants to save money and time on its HR processes.
If you're looking for a global PEO to help you expand your business into new markets, you'll want to consider Globalization Partners. They're often considered the market leader in the global PEO space, and they've just raised a $150M round of funding.
Globalization Partners has been in business since 2012, and they have a lot of experience helping companies expand into new markets. They offer a full suite of services to help you get set up in a new country, including HR, payroll, compliance, and more. They're headquartered in Boston, but they have offices around the world.
Globalization Partners has a network of over 150 partners in more than 190 countries, allowing them to offer a truly global solution for companies expanding into new markets. They have a team of experts who can help you navigate the complexities of employment laws and regulations in different countries, and they have a proven track record of success in helping companies expand into new markets quickly and efficiently.
One of the things that set Globalization Partners apart is their fully-owned entities in multiple countries. This gives them greater price control and helps ensure consistency and standardization. They also have a dedicated account management team that will work with you to ensure a smooth expansion process.
If you're looking for a global PEO to help you expand your business into new markets, Globalization Partners is definitely worth considering. They have the experience, expertise, and infrastructure in place to help you succeed in your international expansion.
Additionally, Globalization Partners has significant in-country legal and compliance expertise, which can be extremely valuable when expanding into new markets. So if you're looking for a top-notch global PEO, be sure to check out Globalization Partners.
In the world of EOR, or Employee Owned Resources, Velocity Global is often seen as the gold standard. What sets them apart from their competitors is that they are self-funded, meaning they haven't taken any outside capital. This gives them a lot of flexibility and allows them to take a long-term view of their business.
In addition to being self-funded, Velocity Global is also employee-owned. This means that the employees have a real stake in the success of the company. They're not just working for a paycheck, they're working to build something great that they can be proud of.
All of this comes together to create a company that is laser-focused on its customers and employees. They're always looking for ways to improve the customer experience and make their employees' lives better. It's this commitment to excellence that has made Velocity Global the leader in the EOR space.
Additionally, their comprehensive service model leads to very high client retention rates. And if that wasn't enough, they also have an HRIS platform with a broad scope of modules. So if you're looking for a company that can offer you the best in EOR services, Velocity Global is a clear choice.
Safeguard Global has been in the industry since 2008, originally as a managed payroll service provider. For companies that want a strong partner in both global payroll and EOR, SG can be a strong fit.
Safeguard Global has owned entities or partner entities in almost every major country. Safeguard is also the largest company on this list and its internal team provides full in-country compliance and tax support.
For companies with large employee populations in multiple countries, or who are looking for a comprehensive solution that will cover all their payroll and EOR needs, Safeguard Global can be a good option.
However, what really sets Safeguard Global apart is its commitment to customer service. They have a dedicated team of account managers who are always available to answer questions and address concerns.
In addition, they offer a range of value-added services such as HR support and global talent acquisition. So if you're looking for a comprehensive solution to your global payroll needs, Safeguard Global is definitely worth considering.
Want more information on your options?
Finding the right PEO solution for your business can be a daunting task - but luckily, Mission is here to help. Our free services can guide you through the process, from finding the right vendors to asking the right questions and negotiating the best deal. We'll make sure you get the most out of your international PEO solution, so you can focus on running your business.
Contact us today to learn more about how we can help you find the perfect PEO solution for your business.