Velocity Global is a global employment and payroll platform that helps companies hire, manage, and pay international employees and contractors without the need for local entities. With Employer of Record (EOR) services, multi-country payroll, and compliance support, it enables businesses to expand their global workforce seamlessly and legally.

What are the main features of Velocity Global?

Employer of Record (EOR) Services

Velocity Global acts as an Employer of Record (EOR), allowing businesses to legally hire employees in over 185 countries without setting up foreign subsidiaries.

• Legally compliant employment contracts tailored to local regulations
• Faster global hiring with streamlined onboarding processes
• End-to-end HR management for international employees
• Seamless offboarding and termination support in compliance with local labor laws
• Localized benefits and payroll administration to ensure compliance

Global Payroll and Payments

The platform provides multi-country payroll solutions, ensuring accurate and timely payments while adhering to local tax regulations.

• Multi-currency payroll processing to pay employees and contractors globally
• Automatic tax deductions and filings for compliance with local laws
• Salary, bonuses, and reimbursements managed through a single platform
• Compliance with social security and employment taxes across jurisdictions
• Payroll analytics and reporting tools for financial oversight

International Contractor Management

Velocity Global simplifies hiring and paying international contractors, ensuring compliance with independent worker regulations.

• Contract generation and management tailored to local freelance laws
• Automated contractor payments in multiple currencies
• Compliance risk mitigation to prevent worker misclassification
• Expense reimbursements and invoicing for independent workers
• Self-service contractor portal for payment tracking and tax documentation

Employee Benefits and Compliance

The platform helps businesses provide competitive and compliant benefits to international employees, tailored to local market standards.

• Health, dental, and vision insurance customized for each country
• Pension and retirement plans to align with local policies
• Paid leave and holiday entitlements in compliance with labor laws
• Expense and allowance management for global employees
• Regular compliance updates to adapt to regulatory changes

HR and Workforce Management

Velocity Global offers tools to manage distributed teams efficiently, ensuring smooth HR operations across different regions.

• Centralized workforce management platform for global HR operations
• Employee self-service portal for benefits, contracts, and payroll information
• Performance tracking and engagement tools for remote teams
• Custom HR reporting and workforce analytics to aid decision-making
• Dedicated HR support to address global employment challenges

Velocity Global provides a comprehensive solution for international hiring, payroll, and compliance, enabling businesses to expand their workforce globally while ensuring seamless operations and legal compliance.