Both Velocity Global and Globalization Partners are prominent players in the Employer of Record (EOR) industry, assisting businesses in expanding their global workforce without establishing local entities. Both offer comprehensive services, including global payroll, compliance management, and benefits administration. This comparison of Velocity Global vs Globalization Partners examines their core services, pricing structures, strengths, and suitability for various business sizes.
Velocity Global vs Globalization Partners comparison
| Feature | Velocity Global | Globalization Partners |
|---|---|---|
| Employer of Record (EOR) | Provides EOR services in over 185 countries, acting as the legal employer on behalf of clients to ensure compliance with local employment laws. | Offers EOR services in more than 180 countries, handling all aspects of global expansion, including payroll, benefits, compliance, and HR. |
| Global Payroll | Manages payroll across multiple countries, ensuring compliance with local tax regulations and timely payments. | Provides integrated payroll solutions, handling tax compliance and payroll processing globally. |
| Compliance Management | Offers comprehensive compliance services with automated checks and deep local expertise, helping businesses navigate complex markets without legal issues. | Manages full compliance as the Employer of Record, handling all legal obligations and local requirements to mitigate risks. |
| Benefits Administration | Provides localized employee benefits packages, including health insurance, pensions, and other region-specific perks, ensuring compliance with local regulations and employee satisfaction. | Offers comprehensive, locally tailored benefits, including healthcare, pensions, and other perks, often customized for specific countries. |
| Onboarding and Offboarding | Facilitates rapid onboarding of international employees, typically within a few weeks, depending on the country and specific regulatory requirements. | Handles full onboarding with local documentation, ensuring compliance with regional laws, suitable for larger teams. |
| Integrations | Offers a tech platform for onboarding, global workforce management, and payments; specific integration capabilities may vary. | Integration capabilities are available; specific tools supported may vary. |
| Support Model | Provides dedicated customer support with local expertise, ensuring compliance and efficient HR management. | Offers dedicated customer support with local expertise, ensuring compliance and efficient HR management. |
Pricing comparison
Velocity Global pricing
- EOR Services: Custom pricing, typically starting around $500 per employee per month, depending on region and workforce size.
- Additional Costs: Comprehensive services include tax compliance, benefits, and payroll management; specific pricing details require direct consultation.
Globalization Partners pricing
- EOR Services: Custom pricing, often at a premium price point with associated fees; specific pricing details require direct consultation.
- Additional Costs: Comprehensive services include payroll, benefits administration, and compliance with local labor laws; specific pricing details require direct consultation.
Strengths and weaknesses
Velocity Global
Strengths:
- Extensive global coverage with a presence in over 185 countries.
- Comprehensive compliance services with automated checks and deep local expertise.
- Offers a tech platform for onboarding, global workforce management, and payments.
Weaknesses:
- Custom pricing may be relatively high for smaller businesses with few employees in each region.
- The full range of services might be more than necessary for businesses with simple expansion needs.
Globalization Partners
Strengths:
- Comprehensive global coverage with services in more than 180 countries.
- Fully owned entities allowing greater price control, consistency, and standardization.
- Significant in-country legal and compliance expertise.
Weaknesses:
- Premium price point with associated fees.
- Lack of clarity for non-EOR services such as entity setup or contractor management.
Suitability by business size
| Business Size | Velocity Global | Globalization Partners |
|---|---|---|
| Small Businesses | May find per-employee fees relatively high compared to handling payroll and HR internally; better suited for those planning to build large, distributed teams of full-time employees. | May find the premium price point challenging; better suited for companies prioritizing expert support and comprehensive services. |
| Medium Businesses | Suitable for managing a diverse international workforce with comprehensive compliance tools and a tech platform for workforce management. | Well-suited for companies with complex hiring needs across multiple countries, offering fully owned entities and significant in-country legal expertise. |
| Large Enterprises | Excellent for large corporations requiring robust EOR services, full compliance management, and a comprehensive service model leading to high client retention rates. | Ideal for large enterprises seeking comprehensive global employment solutions with a focus on compliance and standardization. |
Key differentiators
Velocity Global USPs
- Focuses on providing comprehensive EOR services with automated compliance checks and deep local expertise.
- Offers a tech platform for onboarding, global workforce management, and payments.
Globalization Partners USPs
- Fully owned entities allowing greater price control, consistency, and standardization.
- Significant in-country legal and compliance expertise.
FAQ – Velocity Global vs Globalization Partners
Velocity Global provides comprehensive compliance services, including automated checks, tax filings, and deep local expertise, ensuring businesses can navigate complex markets without legal risks. Globalization Partners acts as the Employer of Record, taking full responsibility for compliance with local labour laws, tax regulations, and employment standards, reducing risks for businesses expanding globally.
Velocity Global typically offers custom pricing, starting around $500 per employee per month, which can vary based on the region and workforce size. Globalization Partners also offers custom pricing but is often associated with a premium price point due to its fully owned entities and extensive compliance support. Both platforms require direct consultations for exact costs.
Yes, both platforms support contractor management. Velocity Global offers flexible solutions for hiring and managing contractors, including payments and compliance. Globalization Partners, while primarily focused on full-time employees, also provides contractor management as part of its services but with less emphasis compared to its EOR offerings.
Velocity Global provides dedicated customer support with local expertise, ensuring compliance and efficient HR management. Its support is tailored to the needs of international teams. Globalization Partners offers in-country experts to handle compliance, onboarding, and ongoing workforce management, ensuring smooth operations and strong employee satisfaction.
Small businesses with limited budgets may find Velocity Global more affordable, especially if they require flexibility and basic EOR services. However, Globalization Partners is better suited for small businesses prioritising risk reduction and comprehensive compliance support, albeit at a higher cost.
Yes, both platforms offer robust benefits administration. Velocity Global provides locally tailored benefits packages, including health insurance, pensions, and additional perks to ensure compliance and employee satisfaction. Globalization Partners excels in customising benefits packages for specific countries, making it an ideal choice for businesses seeking region-specific offerings.
Both platforms are excellent for large enterprises. Velocity Global offers a scalable solution with comprehensive compliance and workforce management tools. Globalization Partners, with its fully owned entities and deep local expertise, provides unparalleled support for complex hiring needs across multiple countries, ensuring standardisation and compliance at scale.