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Launched in 2019, this US-based company has its distributed team spread in 60+ countries.
Oyster HRs built-in compliance and data security ensure smooth navigation of the complexities of international employment with confidence.
Are you planning to get Oyster EOR solution for your company?
How Does Oyster Work?
It simplifies international employment by managing complex local regulations and payroll intricacies.
Step 3:Invite your contractor to create an account on Oyster.
Once they do it, let them review and sign the contract to complete their onboarding.
Employer of Record
Employer of Record (EOR) is the most prominent feature of Oyster.
It breaks down the cost so you’re free to make the most profitable decision for your company.
Hire International Contractors
Managing international contractors doesnt have to be a headache.
Users can generate compliant, country-specific contracts in minutes, catering to freelance, pay-as-you-go, and project-based talent.
Additionally, it automates identity verification and contract signing processes during contractor hiring.
Run Global Payroll
Managing payroll across multiple countries is a significant challenge for global businesses.
Thats why Oyster HR streamlines multi-country payroll processing for businesses in 28+ countries.
The software lets you see the upcoming payroll for EOR and contractors separately.
By ensuring compliance with country-specific regulations, it frees you from the burden of navigating complex international tax laws.
Oysters gross-to-net reporting offers a clear overview of employee costs across all entities, simplifying financial management.
It offers you access to expert guidance from People Ops and legal teams, ensuring compliance with local regulations.
Oyster offers tools to analyze legal risks and compare salary costs for contractors versus employees, facilitating data-driven decisions.
This proactive approach not only ensures compliance and minimizes risk but also directly supports your business growth.
Talent Mobility
Managing international talent can be complex, especially when it comes to visas.
Oyster automates key steps and provides expert guidance, ensuring compliance with local regulations.
This means your candidates avoid the time-consuming task of independently researching visa options, eligibility, and associated costs.
Furthermore, Oyster offers pre-created, localized benefits packages, ranging from statutory to best-in-class, providing comprehensive benefits.
It supports localized salary insights, equity, and benefits tailored for 180+ countries, ensuring compliance and competitiveness.
Hence, you could foster a more engaged and satisfied global workforce.
How Does Oyster Handle Security and IP Protection?
Oyster prioritizes security and IP protection through a multi-faceted approach.
It complies with global standards, includingGDPR and the EU-US Data Protection Framework.
Oyster is certified bySOC II Compliance, Data, and Breach Lock security monitoring.
Its legal team reviews local laws to ensure that IP Assignment Agreements are tailored to that country.
Can Small Business Use Oyster Payroll?
Yes, small businesses can use Oyster Payroll.
What is Oyster Direct+?
Oyster Direct+ is a comprehensive global employment infrastructure from the house of Oyster.
Its proficient legal team ensures legal and tax compliance by answering specific questions as quickly as four days.
Direct+ offers12x liability coverage per employee for up to $1 million USDand guarantees ownership of available IP rights.
It allows payments in 140+ currencies with localized benefits.
Its customer support ensures quick resolution of problems within 72 hours.
What is Oysters Global Employment Pass?
Global Employment Pass is an extensive resource package that assists individuals in navigating the world of remote work.
Additionally, it offers pitch materials so the candidates can effectively present themselves to potential employers.
Using its Get Hired Anywhere email template, candidates can encourage companies to utilize Oyster to hire global talents.
It supports individuals throughout their remote job search through search automation, candidacy boosting, workshops, and training.
It automates the HR management by eliminating manual data entry and administrative overhead.
Using integrations, Oyster users can minimize the risk of human error and improve data integrity.
Here are my top picks for the free Oyster tools.
It categorizes equity options as preferred, possible, and discouraged to help you make the right decision.
It enables you to embrace remote work and global hiring by managing your international teams.
Pacific Institute:Pacific Institute uses EOR and Contractor conversation services of Oyster.
It was able to convert long-term contractors into full-time employees in four countries.
Who Shouldnt Use Oyster?
Choosing simpler, localized payroll and HR solutions will be more cost-effective and appropriate for your needs.
Extremely budget-constrained organizations:Oyster is an expensive solution for hiring and managing EORs.
For this reason, it is not the best option for companies with budgetary restrictions.
FAQs About Oyster
Oyster lets you hire full-time employees in 180+ countries.
Yes, you’ve got the option to pay your employees in local currencies using Oyster.
Oyster HR Verdict
As a robust EOR solution, Oyster HR simplifies international employment for businesses.
Its ability to seamlessly manage the contractor conversion process makes it stand out in the crowd.
