Velocity Global
Velocity Global is a complete global work management platform to hire, pay, and manage globally distributed teams. It eliminates the administrative burden related to hiring and payroll with its presence in 185+ countries and AI-powered automation of tasks like payroll and onboarding. It enables businesses to expand their operations in new markets by handling the legal and logistical aspects of global hiring.
Velocity Global was launched in 2014 and has its employees in 60 countries. It operates in 185 countries, including Brazil, Mexico, Canada, the Philippines, the United Kingdom, and France. Its target clients are companies looking for international expansion, global teams, and contractor conversion.
But Velocity Global is not the only one offering EOR services, global payroll, to expand internationally. How do you choose the right solution for your business? Don’t worry, I am here to guide you through this review.
Features
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Hire and manage EOR and contractor.
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Pay the global workforce in 185+ countries.
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Tailored benefits and equity program.
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Support for immigration and visa of employees.
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Compliance services for legal and tax.
Pros
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Compliantly convert contractors to employees.
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Seamless onboarding during international mergers and acquisitions.
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Manage pension for global employees.
Cons
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Limited integration support.
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Customer service is not available via phone calls.
Velocity Global Review Methodology
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7 Main Velocity Global Product Offering
Velocity Global offers all the crucial functionalities needed to manage an international workforce. Here are the 7 major offerings of Velocity Global:
1. Employer of Record (EOR)
Velocity Global is an employer of record (EOR) solution that works as a single platform for hiring a global team and browsing local employment laws without losing peace of mind. It has local teams of experts for hiring, payroll, and HR who help you with the process and compliance.
Before you choose to hire someone for your global team, you can use its employee cost calculator to get an estimation. Its employee data tools allow you to manage the information about every team and department.
The benefit of using EOR is that you don’t have to incorporate business in a foreign country or have a local entity. EOR service like Velocity Global takes care of managing your employee’s payroll and HR related activities.
2. Run Global Payroll
For multinational companies or companies with full-time employees from various countries, payroll management is crucial. Velocity Global functions as a centralized global payroll software that lets you make accurate payments to your employees living in 185 countries.
Velocity’s transparent cost, no hidden fees, complete visibility, and lower total ownership cost make it a reliable centralized payroll software for paying your talents on time. It lets you choose your favorite payment method and enroll your team in statutory employee benefits in their respective locations.
You do not need to use separate software for time and expense management, as Velocity Global centralizes these, simplifying the payroll process with accurate reporting. It saves time, effort, and chances of error by instantly generating payslips and documents. You get real-time reporting and analytics on payroll metrics like employee cost for data-driven decisions.
3. Immigration and Visa Support
Velocity Global offers mobility services for immigration and visas. So, if you are planning to relocate your team or need any foreign teammates to join your office, it is the right choice. You get comprehensive support in developing a global mobility strategy, obtaining necessary authorizations, and staying compliant with ever-changing regulations.
It helps you retain your best talents, supporting short-term relocation, permanent relocation, and family sponsorship. Your company gets guidance on immigration needs during primary assessment and assistance in every step of complex international visa paperwork. Its immigration service functions worldwide, enabling you to process the visas of your employees hailing from anywhere.
4. Global Benefits Administration
Velocity Global offers benefits administration services in 185 countries, so HR professionals do not have to go through the complexity of managing all these. Be it insurance, medical, or social security coverage, the workforce management software makes sure the plan is cost-effective for your company. Moreover, if you are preparing to add more headcount to expand your business in a particular country, scalability is not an issue with Velocity.
5. Global Equity Program
While you use Velocity Global to manage your workforce, you can offer compliant equity awards to your distributed, borderless teams. Its versatile equity offerings that meet or exceed industry standards across countries enable you to offer consistent compensation to attract qualified candidates.
Its equity experts have in-depth insights into regional tax, legal, and compliance requirements. Besides helping you issue the correct type of equity award, it assists during plan registration, payroll processing, and coordination of taxes for employees.
6. Global Talent Sourcing
Velocity Global accelerates your hiring process with the help of its full-service recruitment partners. All you have to do is tell them the vacant roles, job description, and preferred country of employees. Based on the information, it will match you with one of its premier recruiting partners and help you complete your search.
Velocity Global lets you find qualified candidates from 100+ countries. The best part is that you do not have to pay any charges until you hire. Once you are ready to hire, it facilitates smooth onboarding.
7. International Pensions
Velocity Global allows you to offer retirement plans to your international employees in their host country so that they can have financial peace of mind. Its flexible options for tax-efficient and cost-transparent saving plans make sure that they get the best investment return according to their lifestyle and retirement goals.
Leveraging international pensions, the human resources team can attract the best global talents to join your team and keep them happy by meeting their long-term needs. Its international experts will provide human support and guidance to your HR teams to create a tailored pension solution for you in terms of compliance and cost.
Velocity Global Pricing
The pricing of Velocity Global is not available online. You can submit your query, and it will arrange for a consultation with an in-house expert. While discussing your business requirements with the expert, you can ask them about the custom pricing for your team.
From the Home page of the official website, click on the Consult an Expert button. On the next page, enter your business email and select the topic of your discussion. You can describe your query in detail as well before hitting the Getting in Touch button.
Velocity Global Ratings and Recognition
As a prominent workforce management software, Velocity Global received the following ratings in different esteemed software review websites.
- G2: 4.6 out of 5 (278 users)
- Software Advice: 4.1 out of 5 (15 users)
- Features Customers: 4.8 out of 5 (1605 users)
Velocity Global Support
Velocity Global offers customer service through ticket submission. You need to submit a ticket explaining your issue, and their support team will reach you via email. Moreover, you will have a dedicated customer manager whom you can contact from within the software interface.
Velocity Global Alternatives
Besides Velocity Global, many other companies offer global workforce management solutions. I have summarized the Velocity Global alternatives using the comparison below.
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EOR, global payroll, international pension, benefits and equity | EOR, payroll, benefits, equity | US and global payroll, immigration, HR | Workforce OS, payroll, contractor management | EOR, global contractors, payroll | Contractor, immigration support, agent of record | |
185 countries | 20+ countries | 150 countries | 160+ countries | 180+ countries | 150+ countries | |
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Workforce management | Answering questions, providing advice | Insights, reports | Prediction, mistake prevention | NA | NA | |
Geekflare’s editorial team determines ratings based on factors such as key features, ease of use, pricing, and customer support to help you choose the right business software. | ||||||
Velocity Global Integration
Velocity Global allows integration with ATS, HRIS, and HCM platforms, enhancing the efficiency of your workforce management team. By connecting Velocity Global with your existing ATS, you can automatically sync candidate data, eliminate manual data entry, accelerate the hiring cycle, and ensure a smoother onboarding experience for international hires.
Similarly, HRIS and HCM integration allows you to have all the data of new employees you hired using Velocity Global updated in HCM or HR software. It benefits you by minimizing duplicate data entry, reducing administrative burden, and ensuring data consistency across the system.
Who Should Use Velocity Global?
Being a global workforce management platform, Velocity Global is best suited for businesses looking for international expansion, whether by recruiting through relocation or hiring remote teams. Startups and enterprises with distributed work models can utilize Velocity Global for global HR operations. Furthermore, if your organization prioritizes compliance with international labor laws, standards, and regulations, Velocity Global is the ideal choice for you.
Who Shouldn’t Use Velocity Global?
Small businesses focusing solely on domestic operations and companies that are not planning for global expansion will not benefit from this platform. Companies with robust in-house HR and payroll teams should not use it.
Velocity Global Verdict
Velocity Global is a comprehensive platform for international workforce management. Its strength lies in its extensive global reach in 185+ countries, AI-powered automation, and expert suggestions on compliance. However, its limited customization feature is not ideal for organizations that require tailored solutions.
Overall, it offers fast and reliable EOR service to companies that are expanding globally. Hence, Velocity Global receives the Geekflare Innovation Award.