Global Workforce Payroll software

Updated: July 30, 2023

Global Workforce Payroll software is a specialized tool designed to streamline and manage payroll processes for businesses with a diverse and international workforce. These platforms offer features for calculating and disbursing salaries, taxes, and benefits across different countries and currencies, ensuring compliance with local labor laws and regulations. Global Workforce Payroll software often integrates with time and attendance systems, HR databases, and financial systems to ensure accurate and up-to-date employee data for payroll processing. With built-in tax and compliance management, these platforms simplify the complexities of cross-border payroll and ensure timely and accurate payments to employees worldwide. Additionally, they offer reporting and analytics capabilities, enabling businesses to gain insights into payroll costs and compliance across various regions. By leveraging Global Workforce Payroll software, organizations can reduce manual errors, improve payroll accuracy, and enhance employee satisfaction with timely and reliable payments, ultimately contributing to a smooth and efficient global payroll process.

See also: Top 10 Talent Management Systems

2022. Remofirst raises $14.1M to make it cheaper and easier for businesses to hire remote workers globally

Remofirst, a SaaS solution, has successfully raised $14.1 million in funding. The platform provides companies with the ability to hire individuals in over 150 countries without the need to establish their own entities. Acting as an Employer of Record, Remofirst assumes the responsibility of hiring workers on behalf of businesses and handles various aspects related to employment. This includes managing payroll, taxes, employment compliance, providing work equipment, assisting with competitive compensation plans, and offering health, dental, and vision insurance. In practice, employees sign an employment contract with Remofirst's local entity instead of the hiring company, constituting approximately 90% of Remofirst's business. While the platform currently offers contractor solutions free of charge, this may change in the future. Remofirst implements a monthly fee structure for businesses, starting at $199.

2022. HR service for digital nomads Benivo raises $12M

Benivo, a B2B SaaS HR platform catering to mobile or relocating workforces, has successfully raised $12 million. Benivo has attracted prestigious clients such as Google, Mondelez, General Electric, Phillips 66, Unity, Wayfair, CGI, Bloomberg, and approximately 50 others. The "global mobility" market is substantial, but many processes still rely on manual methods and involve the use of multiple platforms by employees or their organizations. Benivo sets itself apart by leveraging AI and predictive analytics to automate tasks and assist HR professionals in managing staff relocations or tracking their whereabouts efficiently.

2022. Remote work platform Multiplier raises $60M

Multiplier, a startup that facilitates the hiring and payment process for remote workers while ensuring compliance with local laws, has recently revealed its successful Series B funding round, raising $60 million at a valuation of $400 million. The newly acquired funds will be utilized to introduce additional features to the platform. As an example, businesses can now independently register on the platform and promptly send contracts to candidates, along with offering employee stock ownership plans. Furthermore, Multiplier is actively working on integrating a crypto-payroll feature, enabling employers to compensate freelancers using cryptocurrencies.

2021. Oyster snaps up $20M for its HR platform aimed at distributed workforces

Oyster, a startup and platform that streamlines the hiring, onboarding, and HR services for contractors and full-time employees in the realm of "knowledge work," has successfully concluded a Series A funding round, securing $20 million. Oyster's comprehensive suite of services encompasses payroll management, benefits administration, and salary management, providing companies with end-to-end HR support. While Oyster currently does not cover candidate sourcing, interviewing, or evaluation processes, it envisions potential opportunities to develop its own technology or establish partnerships to offer these services as part of its all-in-one solution. The company has also ventured into virtual job fairs, hinting at potential products that it may explore in the future. Oyster's aim is to serve as a one-stop shop for companies seeking to streamline and optimize their HR processes in the knowledge work domain.

2021. Omnipresent raises $15.8M for its platform to employ remote-workers globally

Omnipresent, a company specializing in facilitating global remote-working teams for businesses, has successfully concluded a Series A funding round, raising $15.8 million. Omnipresent offers a solution that significantly reduces the costs associated with remote hiring compared to managing the process independently. Through Omnipresent's platform, companies can onboard employees in a compliant manner across 150 countries. This includes providing employees with local contracts, tax contributions, and a range of local and international benefits such as health insurance, pensions, and equity options. By leveraging Omnipresent's services, companies can efficiently and cost-effectively establish a global remote workforce while ensuring compliance with local regulations.

2020. Remote raises $35M to help orgs with global workforce payroll

The startup Remote has successfully completed a Series A funding round of $35 million. Remote specializes in assisting companies in managing employees who have never worked in a physical office and may reside outside the country. Acting as an intermediary, Remote collaborates with both the company and the employee within their respective domestic markets to determine the most suitable employment arrangement, whether it be full-time or as a permanent contractor. Additionally, Remote handles various tasks such as payroll, utilizing a network of localized legal entities that have been specifically developed to address employer of record services, payroll management, benefits administration, taxes, visa and immigration services, as well as providing a platform for contractor payments. Remote serves customers of varying sizes, ranging from those with 10 employees to several thousand.

2020. Papaya Global raises $40M for a payroll and HR platform aimed at global workforces

Papaya Global, an Israeli startup specializing in cloud-based payroll, hiring, onboarding, and compliance services for organizations employing workers outside their home countries, has successfully secured $40 million in a Series B funding round. Managing global workforces presents numerous challenges due to varying employment regulations, diverse banking rules, and distinct payment practices across different countries. While modern tools like Rippling, Gusto, and Zenefits have emerged for local workforces, they were not specifically designed to address these international complexities. Papaya Global aims to bridge this gap by providing tailored solutions to meet the unique needs of organizations with global workforces.

2020. Deel nabs $30M more for payroll, compliance and other tools to run global workforces

Deel, the startup dedicated to providing payroll, compliance tools, and other services for businesses to navigate cross-border employment more seamlessly, has secured $30 million in fresh funding. Deel's mission is to address the complexities associated with employing individuals across borders, regardless of whether they are employees or contractors. Historically, this has been a challenging task. Companies would either need to establish local entities or work with local legal teams to ensure compliance. However, for rapidly scaling organizations, these arrangements may not be in place or financially feasible. Consequently, organizations might hesitate to engage with individuals abroad, or their interactions may be limited. Deel aims to solve this problem and facilitate global workforce engagement.