Updated: 4 days ago
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.
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.
Below you'll find a short list of our favorite International PEOs:
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.
Whether you're a small business or a global enterprise, Papaya has the solution for you. So why wait? Get with the times and switch to Papaya today!
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. One of the things that sets Globalization Partners apart is their fully-owned entities in multiple countries. This gives them greater price control and helps ensure consistency and standardization.
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.
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 the 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 their internal team provides full in-country compliance and tax support.
However, what really sets Safeguard Global apart is their 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.
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.
For the cash sensitive buyer, Deel is typically more cost-effective than many of their 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 their HR processes.
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.