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Velocity Global Review Summary
Score 9 out of 10
Currency
120+
Monthly fees
% of total employee cost
Payment options
Paypal, Wise, bank transfer
Velocity Global is a Global Employer of Record (Global EOR) that specializes in internationally distributed teams. An EOR acts as the sole employer for global hires, who use its platform to log work hours, request time off, and check payroll status.
As the Employer of Record for your global workforce, Velocity Global takes responsibility for employment compliance while your business makes all decisions regarding work activities. Read my 2024 review of Velocity Global’s services.
Velocity Global Company Overview
Velocity Global targets companies that want to expand into international markets, as well as those that wish to tap into a global labor pool. For clients that wish to sell their services or products internationally, test new markets, or set up regional offices, Velocity Global bills itself as a time and money-saving alternative to setting up local entities.
Using Velocity Global’s service can take up to 90% less time than local entity establishment, allowing faster market entry. This can be especially useful to fast-moving tech and finance businesses that wish to rapidly test and move into new markets before competitors.
Velocity Global supports remote hiring both within the United States and internationally. Clients are free to use global recruitment channels to vet candidates in any region, when the winning candidate is chosen they are sent login instructions to the Velocity Global platform, where they can upload the necessary compliance paperwork.
For clients who wish to recruit globally for positions based in a particular office, Velocity Global can assist with work visas and employee relocation.
Velocity Global Key Features
1. Velocity Global International Hire
Velocity Global is able to serve as an EOR and Global PEO for employees based in 185 countries and 50 US states.
As the legal employer, Velocity Global becomes responsible for:
- Onboarding, payroll, benefits sign up and administration, and ensures compliance in all of these jurisdictions.
- Legal liabilities with respect to employment. The company manages legal entities in many countries, each with its own legal experts, and selected partners who become the employer wherever the worker is based. Clients are assigned a dedicated support team, who can answer legal, compliance, and other questions.
Velocity Global maintains compliant International employment contracts that are designed to protect Intellectual Property (IP) rights to the fullest extent allowed by local law.
2. Velocity Global Payroll
Global payroll can require calculating different wage and hour rules, deductions, and currencies. Velocity Global takes this off your hands by offering a single centralized service for companies who need to pay a far-flung international workforce on time and in full global compliance.
Velocity Global is a payroll aggregator, meaning they partner with payroll providers around the world and centralize those payments for the client.
The service also manages payment and invoice management for independent contractors.
All costs including EOR fees, salaries, and contractor invoices are consolidated into a single monthly invoice for simple payments.
3. Velocity Global Human Resources
Velocity Global also provides a range of HR support, including visa and global mobility services. This could cover executives viewing new expansion markets firsthand, new employees going to headquarters for training, or team leaders relocating to manage a new office.
Velocity Global can assist with business and work visa documents and applications, getting rid of the need to use unproven new consultants. The immigration team will help gather, translate and properly file all necessary documentation, and keep clients up to date on the progress of visa applications and renewals. The client services team will even be available during international trips, and in some cases, Velocity Global can sponsor work visas and work permits.
Velocity Global also offers benefits administration services. Its experts on the ground ensure that benefits packages comply with local regulations in each jurisdiction. But Velocity Global goes beyond the minimum requirements by creating customized benefits packages designed to attract the best employees for any given market. Being such a large employer also means that Velocity Global has access to packages and premiums that are often only available to large employers.
Velocity Global doesn’t just provide employee support — it also helps businesses seeking to engage contractors. Through Velocity Global you can ensure that contractors are classified correctly, and that independent contractors and freelancers are paid in full HR compliance.
4. Velocity Global Compliance
Velocity Global rovides support from global experts with extensive and up-to-date compliance knowledge in their markets. As observed, it also helps clients ensure that global employees are not misclassified, which can lead to fines and other legal risks. Its teams can also provide consultation on the required and most competitive benefits package for each region.
Clients receive updates on international labor law regularly and are free to ask the customer service team for clarifications and more information regarding changes in compliance laws worldwide.
5. Velocity Global SaaS Platform
The Velocity Global online platform is a robust, secure, and simple service for both employers and employees. Employers are able to view payroll information and contractor invoices in local currencies and pay through a single aggregated invoice. Clients can also view onboarding status at any time, and the process can be finished as quickly as 48 hours.
If employers have any questions while viewing workforce information on the platform, customer service is available 24/7. For employers who wish to learn about international labor laws themselves, the platform includes a Country knowledge center featuring labor law and compliance information on 185 countries and all US states.
The platform also integrates with other software systems via the Application Connector Framework, making it easy for clients to add EOR services to their existing recruitment, HRIS, and accounting systems.
New hires anywhere in the world are able to log in to the system for onboarding, and are guided through the submission of necessary compliance documents. The platform also includes time management software for employees to easily track billable work hours.
Velocity Global’s data protection is ISO 27001:2012 certified, the international data security standard, and AICPA Type 1 SOC 2 security standards. The platform also complies with international privacy protection regulations including GDPR, CCPA, and PIPEDA.
The platform boasts 99.9% uptime for a robust, always-on system. Traffic is passed through isolated VLANS, firewalls, and DDOS protection. On top of all this, Velocity continuously monitors the system for threats of data breach. Employees are offered security training to ensure they follow best practices as well.
Velocity Global Awards
Velocity Global has received significant recognition for its achievements, highlighted by two notable awards.
In 2021, the company was honored as the gold winner in the Company of the Year business-to-business category at the Best in Biz Awards International. This award was a testament to the company’s exceptional performance in proving local expertise, attracting top talent, and other departments, particularly in a year that brought significant changes to the work landscape. The Best in Biz Awards are unique as they are judged by a panel of reputable editors and reporters from top-tier publications worldwide, emphasizing the significance of Velocity Global’s accomplishment .
In 2019, Velocity Global was recognized in the Outstanding Fast-Growth Business category at the Global Business Excellence Awards. This award celebrated the company’s rapid growth, its full suite of innovative solutions that facilitate global expansion, and other strengths that attract people to work at Velocity Global. The Global Business Excellence Awards are known for their rigorous judging process by a panel of independent experts, with a focus on various aspects including financial results, innovation, and community impact. Velocity Global’s acknowledgment in these awards underscores its significant contributions to facilitating global business operations and its impressive growth trajectory.
Key factors contributing to these awards include:
High growth rates
Excellent reputation for top notch Employer of Record services
Premium support for client companies and employees (on employee benefits matters, for example)
These factors are also reflected in numerous Velocity Global reviews.
Velocity Global Pricing
Velocity Global pricing is based on a percentage of total employee cost, but it is currently not published on the Velocity Global website. To obtain a quote based on your business needs, contact Velocity Global for a consultation.
Velocity Global Reviews
The average scores (as of the time of writing) were:
- Velocity Global G2 = 4.7/5 (205 reviews)
- Velocity Global Trustpilot = 3.7/5 (1 review)
Velocity Global Pros and Cons
- Pros
Strong customer service
Velocity Global comes highly recommended by many clients for their fast responses and helpful responses to questions
Robust security protocols
Velocity Global platform meets stringent IP, security, and data privacy protocols in the US, EU, and internationally. For tech and finance companies dealing in sensitive data, this is especially useful.
- Cons
Lack of pricing transparency
Pricing is only available with a consultation, so it can take longer to compare the cost of Velocity Global’s services to the competition
The pricing structure is complex based on a percentage of total cost, rather than a fixed amount per employee per month like many other Employers of Record.
Unique Selling Point (USP)
A comprehensive, highly secure solution for expansion into global markets and tapping talent pools worldwide, including all 50 US states. The service covers nearly every corner of the globe and facilitates remote teams, expansion, market-entry, and talent relocation. It is an all-in-one global workforce solution that places a strong emphasis on data security and IP protection.
Very few international Professional Employer Organizations or EORs provide both international coverage and full domestic coverage in the US.
RemotePeople Score for Velocity Global
9/10
My expert score for Velocity Global
Our team came to this score by considering the following components in the following weightings:
Employer of Record features
25%
Payroll features
10%
HR features
10%
Compliance features
10%
Platform features
10%
Pricing
20%
User reviews
15%
For each component, Velocity Global received the following score:
Employer of Record features
23/25
Payroll features
9/10
HR features
9/10
Compliance features
10/10
Platform features
10/10
Pricing
15/20
User reviews
14/15
Conclusion
Velocity Global will satisfy the needs of companies with a variety of different needs; if you are opening local offices in new countries, expanding sales into international markets, building global remote teams, or relocating global talent, you will find the Velocity Global EOR solution second-to-none for cost-effectiveness and efficiency. However, with its comprehensive support and relatively hefty price tag, it is perhaps the best EOR for enterprise clients.
Velocity Global Alternatives
Horizons
Horizons is rated as the best global EOR in 2024, standing apart through genuine local expertise and customized solutions. Their pricing model is based on a per employee fee, which varies depending on the country and specific services required. Horizons EOR pricing starts from $299 per employee per month.
💡 Read our in-depth review: Horizons Review
Deel
Deel is recognized as one of the leading provider for managing global hiring, payroll taxes, and compliance risks. Deel’s pricing is also based on a per employee model, with fees starting at around $599 per employee per month. Additional services, such as benefits administration and visa support, may incur extra costs.
💡 Read our in-depth review: Deel Review
Remote
Remote.com is a commonly compared alternative to Velocity Global, offering solutions for managing global employees and payroll. A direct comparison between Remote and Velocity Partners highlights their similar offerings in helping companies onboard global talent and navigate local laws. Remote.com’s pricing starts at approximately $599 per employee per month, with potential discounts for larger teams and longer contract terms.
💡 Read our in-depth review: Remote Review
- We’ve covered three strong competitors, but if you’re still on the hunt, take a look at even more Velocity Global alternatives to expand your options.
Frequently Asked Questions
Velocity Global is headquartered in Denver, Colorado, but has international offices throughout the world.
Velocity Global has had successful series A and B funding rounds, securing $500 million total in funding:
- Series A: $100 million in April 2021
- Series B: $400 million in May 2022.
In April 2021 Velocity Global acquired iWorkGlobal, an international Employer of Record based in San Francisco.
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