Velocity Global is a prominent provider of global expansion solutions, enabling businesses to hire, manage, and retain talent across international borders seamlessly. The company’s expertise lies in its Employer of Record (EOR) and International PEO services, helping organisations overcome complex compliance and operational challenges in foreign markets. This review explores Velocity Global services and company profile to provide business decision-makers with key insights.
Company profile
Overview
Founded in 2014, Velocity Global has become a leading name in the global workforce management space. Headquartered in Denver, Colorado, with offices worldwide, the company serves clients ranging from SMEs to large enterprises across 185+ countries.
Mission
Velocity Global’s mission is to simplify global business operations, allowing organisations to focus on growth while the company manages the complexities of international employment, compliance, and payroll.
Key statistics
- Founded: 2014
- Headquarters: Denver, Colorado, USA
- Global reach: Operations in 185+ countries
- Primary clients: SMEs, startups, and multinational corporations
- Recognition: Frequent award recipient for innovation and service excellence in the HR and global expansion sectors.
Explanation of services
Employer of Record (EOR)
Velocity Global’s EOR service allows businesses to hire employees in foreign markets without establishing a legal entity. This includes:
- Onboarding and managing employees in compliance with local labour laws.
- Handling employment contracts, payroll, and benefits.
- Ensuring tax compliance and reducing legal risks.
International PEO (Professional Employer Organisation)
The International PEO solution enables organisations to expand into global markets quickly and cost-effectively. It includes:
- Co-employment arrangements for streamlined workforce management.
- Assistance with regulatory compliance across multiple countries.
- Managing employee benefits, visas, and work permits.
Global payroll solutions
Velocity Global offers integrated payroll services to simplify international payments and ensure compliance with local regulations. Key features:
- Automated payroll processing for multi-country operations.
- Currency conversion and local tax deductions.
- Detailed payroll reporting and data analytics.
Immigration services
The company supports visa and work permit applications, ensuring a smooth relocation process for international hires. Services include:
- Guidance through immigration laws and processes.
- Document preparation and submission.
- Ongoing support for employee compliance during their tenure.
Compliance services
Velocity Global ensures full compliance with local labour laws, tax regulations, and employment standards. The service protects businesses from legal liabilities associated with international operations.
Entity setup and support
For businesses planning long-term expansion, Velocity Global assists with establishing legal entities in target countries, providing strategic and operational support throughout the process.
Talent management
Velocity Global also offers recruitment and talent management services to help companies identify, onboard, and retain top talent across various markets.
Pros and cons
Pros
- Global reach: Comprehensive coverage across 185+ countries.
- Speed: Rapid market entry without the need for local entities.
- Compliance: Expert guidance to ensure adherence to local regulations.
- Customisation: Tailored solutions for businesses of all sizes and industries.
- Technology: User-friendly platform for managing international teams.
Cons
- Cost: Premium pricing compared to smaller or regional providers.
- Complexity for small-scale expansions: May be over-resourced for businesses with minimal global needs.
Velocity Global pricing
Velocity Global typically offers bespoke pricing based on the services and countries involved. While exact rates are not publicly listed, businesses can expect costs to vary based on the complexity of the engagement, such as the number of employees, location-specific compliance requirements, and additional services like immigration or entity setup.
Verdict
Velocity Global is a top-tier choice for businesses seeking to expand internationally while navigating the complexities of global workforce management.
Its comprehensive suite of services, backed by a proven track record, makes it a trusted partner for companies entering or operating in international markets.
However, businesses should weigh the higher cost against the value provided, particularly for small-scale expansions.
For organisations focused on seamless global growth, Velocity Global offers the expertise and infrastructure to succeed in an increasingly connected world.
Alternatives
FAQ
Velocity Global supports a wide range of industries, including technology, healthcare, finance, retail, and manufacturing. Their solutions are adaptable to businesses of varying sizes and sectors.
Yes, the company can provide flexible workforce solutions for short-term projects, including temporary employment arrangements and compliance support.
While Velocity Global primarily caters to SMEs and larger enterprises, startups with global ambitions may benefit from their scalable services. Startups can leverage the company’s expertise to expand quickly without committing to significant upfront investments.
Yes, they ensure that employee benefits align with the statutory requirements of each country, including health insurance, pensions, and leave entitlements.
The company employs robust data protection measures and complies with international standards like GDPR to ensure client and employee data is secure.
Velocity Global provides end-to-end onboarding support, including guidance on contracts, compliance, and cultural nuances, ensuring a smooth experience for both employers and employees.
Yes, the company can transition existing employees to their platform, ensuring compliance and maintaining employment continuity.
Their platform integrates with various HR and payroll systems, enabling businesses to manage their international teams seamlessly.
The contract terms depend on the services and countries involved, but they often offer flexibility to accommodate the specific needs of businesses.
With their established infrastructure and processes, businesses can often begin operations in new markets within days or weeks, depending on the complexity of the requirements.