- By Charlotte Evans
- Updated October 12, 2023
Velocity Global vs Globalization Partners: EOR Comparison & Alternatives in 2023
Imagine expanding your business internationally and hiring top talent from around the world without the hassle of navigating complex legal and tax requirements. It’s possible with the help of global expansion service providers like Velocity Global and Globalization Partners. In this blog post, we will compare these two leading providers in a “velocity global vs globalization partners” analysis, dissecting their services and benefits to help you make an informed decision on which company is the best fit for your global growth needs.
Buckle up and get ready to explore the world of global employment solutions!
Key Takeaways
- Velocity Global and Globalization Partners are renowned global PEO service providers offering comprehensive solutions for international expansion.
- Both offer employer of record services, global payroll management, talent acquisition & onboarding, compliance & tax assistance as well as user-friendly platforms with tailored technology features.
- They provide highly rated customer support with excellent client experiences and retention rates at competitive prices.
Overview of Velocity Global and Globalization Partners
Velocity Global, a renowned brand in the international PEO industry, specializes in streamlining the process of forming distributed global teams. They offer a range of services, including:
- International PEO
- Global payroll
- Talent acquisition
- Immigration
- Consulting
- Entry & set up in new territories
With their global employment solutions, they assist businesses in expanding their reach anywhere in the world and managing their global workforce efficiently.
Globalization Partners focuses on helping organizations with:
- Acquiring the most suitable global personnel
- Maintaining global compliance
- Entering new markets
- Formulating global expansion strategies
- Executing international transactions, such as international payroll
By providing comprehensive Employer of Record services, they reduce risks and facilitate access to new markets for businesses.
Selecting an appropriate global expansion service provider plays a vital role for businesses with international growth aspirations. The right company can help you navigate complex legal and tax requirements, manage your international workforce, and ensure compliance with local laws, making global expansion a more cost-effective and manageable endeavor. By leveraging their global infrastructure, these service providers can effectively support your business’s growth.
A thorough examination of the services provided by Velocity Global and Globalization Partners will reveal their advantages and dependability in the global PEO sector.
Employer of Record Services
Employer of Record services are the backbone of global employment solutions provided by both Velocity Global and Globalization Partners. These services allow businesses to hire and manage employees in countries where they do not have a legal entity, enabling a seamless expansion into new markets.
A significant difference between the two companies lies in their approach to legal entities. Velocity Global has a portfolio of owned entities in certain countries and leverages a network of third-party partners in other jurisdictions. This approach might lead to costly delays when onboarding new hires or requesting support. In contrast, Globalization Partners owns legal entities in all covered countries, ensuring timely service without third-party interference.
In terms of contractor management, Velocity Global has broadened its scope by acquiring iWork Global, thereby strengthening its position as a managed payroll service provider. Remote, another provider of international PEO services, charges a competitive rate of $29 per contractor per month for contractor management services in over 170 countries. With their platform, businesses can easily manage their international contractors and employees in one place.
Global Payroll Management
Efficiently handling global payroll underpins successful global employment solutions. Velocity Global offers multi-country payroll capabilities, but there is limited information available on their website, making it difficult to accurately compare solutions and determine the best provider for your specific requirements.
Velocity Global’s global payroll service offers features such as:
- Consolidation of payroll, time, and expenses on one platform
- Accurate and compliant payments in 185+ countries
- Real-time insights for better management of distributed workforce
- And more
On the other hand, Globalization Partners boasts a 99% accuracy rate in their payroll management. Their comprehensive approach to global payroll ensures that businesses can efficiently manage their international workforce, regardless of the complexities of local laws and tax requirements.
A comparison of global payroll management services should take into account aspects like precision, productivity, and abidance to local laws. While both Velocity Global and Globalization Partners provide global payroll services, Globalization Partners offers a more transparent and accurate payroll management process, allowing businesses to focus on their core operations rather than worrying about payroll complexities.
International Expansion Support
International expansion support forms a pivotal part of global employment solutions. Both Velocity Global and Globalization Partners provide services that ease businesses’ global expansion. Velocity Global provides a variety of consultancy services for international expansion, such as global HR solutions, global immigration & mobility services, and global finance and accounting support. Their entry and setup services for international business expansion include market research and analysis, entity setup and registration, compliance and legal requirements, HR and payroll setup, talent acquisition and onboarding, and ongoing support and management.
Globalization Partners, in contrast, offers their Globalpedia guide on labor laws as a resource for businesses expanding internationally. This comprehensive and up-to-date reference guide provides information on labor laws, norms, and regulations for international workforce growth and hiring.
Both companies aim to make international expansion easier for businesses, but they offer different levels of support. Velocity Global’s consultancy services cover a broader scope, while Globalization Partners focuses on providing an informative resource through their Globalpedia guide. Depending on your specific needs, one company may offer a more suitable solution for your international expansion endeavors.
Talent Acquisition and Onboarding
Talent acquisition and onboarding form integral components of global employment solutions. Both Velocity Global and Globalization Partners assist businesses in hiring and onboarding top talent from around the world. Velocity Global has a comprehensive talent acquisition process that involves sourcing premier international talent, screening and interviewing candidates, and providing necessary work equipment. They integrate with ATS platforms such as Greenhouse, BambooHR, Namely, and HiBob to optimize their talent acquisition and onboarding process, and have a Global Work Platform™ that supports onboarding and simplifies the process of hiring talent in supported countries.
Globalization Partners focuses on compliance in their talent acquisition and onboarding process. They have:
- A fully compliant Global Growth Platform™
- A comprehensive recruitment strategy that outlines their commitment to compliance
- Ensuring all individuals involved in the process adhere to compliant practices
- Addressing IT security policies and practices, including password security, during the onboarding process
- Providing resources such as ebooks on global compliance and best practices for onboarding
While both companies offer talent acquisition and onboarding services, their approaches differ. Globalization Partners emphasizes compliance, while Velocity Global takes a more technology-driven approach. Depending on your organization’s priorities and requirements, one provider may be more suitable for your global talent acquisition and onboarding needs.
Compliance and Tax Assistance
Dealing with intricate international regulations poses a hurdle for businesses venturing into global markets. Both Velocity Global and Globalization Partners provide compliance and tax assistance to help businesses overcome these hurdles. Compliance and tax assistance involve adhering to and understanding both local laws and tax regulations, as well as global standards like the OECD/G20 Inclusive Framework on BEPS.
Globalization Partners offers their Globalpedia resource as a comprehensive guide on labor laws, norms, and regulations. This up-to-date guide provides information on compliance requirements for global employment, including tax navigation. It assists businesses in navigating the complexities of global taxes and ensures compliance with local tax laws.
While both companies provide compliance and tax assistance, Globalization Partners offers a more comprehensive guide through their Globalpedia resource. This resource can be an invaluable tool for businesses looking to expand internationally and ensure compliance with complex international regulations.
Platform and Technology
In the digital age, a user-friendly and efficient platform is indispensable for implementing global employment solutions. Velocity Global offers a technology-driven approach to global expansion through its proprietary Global Work Platform™. This platform facilitates workforce management and offers integrations with other tools, including ATS (Applicant Tracking System). The user experience provided by Velocity Global’s platform is intuitive and user-friendly, simplifying the management of payroll and benefits for talent in over 185 countries.
Globalization Partners provides an easy-to-use platform for managing distributed teams and global payroll. Their platform features:
- Automated contracting approvals
- Paperless invoicing
- Customizable global employment packages
- Insights and analytics
- Improved user experience
- Integrations
A comparison of Velocity Global and Globalization Partners’ platform and technology offerings should weigh aspects like user experience, integrations, and the range of features. Depending on your specific business needs, one platform may be more suitable for managing your global workforce and ensuring a smooth expansion process.
Customer Service and Support
Customer service and support play a pivotal role when deciding on a global expansion service provider. Globalization Partners offers:
- 24/7 access to local HR and legal experts
- Timely and knowledgeable support
- Highly rated customer support
- Professionalism and superior level of support
Velocity Global, on the other hand, relies on third-party experts, which may cause delays in support. Despite this reliance, they have a dedicated customer support team available to assist. Clients have given positive feedback for their customer support, commending the excellent customer service and timely responses to their queries, as well as the effective use of their multiplier logo.
When comparing the customer service and support offered by Velocity Global and Globalization Partners, consider the availability of local experts and the responsiveness of their support teams. It’s crucial to have reliable support when navigating the complexities of global expansion, and the right provider can make all the difference.
Pricing and Cost Effectiveness
The pricing structure and cost-effectiveness are vital factors to consider when choosing a global expansion service provider. Remote offers a transparent pricing model of $599 per employee per month when billed annually, with no additional fees and contractor management at $29 per contractor per month. On the other hand, Velocity Global charges a monthly fee per employee plus additional fees, including a wire transfer fee for each country with employees.
Globalization Partners offers a pricing model beginning at $49 per worker per month for their contractor package, but accurate pricing information for Velocity Global is not available. A comparison of the pricing models of global employment solution providers necessitates consideration of aspects such as transparency, hidden charges, and the overall value-for-money of their services.
Client Experiences and Retention Rates
Client feedback and retention rates offer insightful indicators of the service quality provided by global expansion entities. Both Velocity Global and Globalization Partners boast positive client experiences and retention rates. Velocity Global is renowned for its technology-driven solutions, while Globalization Partners is lauded for its robust customer support.
Clients have praised Velocity Global for their responsiveness, communication, quick issue resolution, and customer service. Conversely, Globalization Partners has been lauded for their ability to help clients grow revenue faster, improve access to global talent, and minimize risk, as well as their professionalism and outstanding customer service.
When choosing a global expansion service provider, client experiences and retention rates can be a valuable indicator of the quality and effectiveness of their services. Both Velocity Global and Globalization Partners have demonstrated their commitment to providing exceptional global employment solutions, making them strong contenders in the global PEO space.
Summary
In conclusion, both Velocity Global and Globalization Partners offer a wide range of global employment solutions to help businesses expand internationally. While Velocity Global’s technology-driven approach and Global Work Platform™ may appeal to some, Globalization Partners’ strong customer support and comprehensive Globalpedia resource could be more attractive to others. Ultimately, the choice between these two leading providers will depend on your specific business needs and priorities. Whatever your decision, rest assured that partnering with either company will give you the tools and support necessary to successfully navigate the complex world of global expansion.
FAQ
Globalization Partners' top competitors in the Recruitment category are LinkedIn, Adp and Indeed, who together hold a market share of 83.27%. Other key players in this space include Papaya Global, Deel, Atlas, WorkMotion, Velocity Global, Oyster, and Remote.
Globalization Partners does not offer the same speed or convenience as Multiplier, which provides instantly locally compliant contracts that can be generated in minutes.
Nicole Sahin is the founder and CEO of Globalisation Partners, the industry-leading employer of record companies with its SaaS-based Global Growth PlatformTM.
Velocity Global's competitors include Papaya Global, Justworks, Deel, Rippling, Horizons, ADP TotalSource, Omnipresent and Remote.com.
Globalpedia from Globalization Partners offers comprehensive, up-to-date information on compliance requirements for global employment and tax navigation, helping businesses ensure they remain compliant with local tax laws.
Charlotte Evans
