DENVER, October 13, 2022 —
Report highlights exhaustive breadth of solutions, in-depth local expertise, and extensive global coverage
Velocity Global, the leading provider of global talent solutions, today announced that it was recognized as a Leader in Everest Group’s PEAK Matrix® Assessment 2022 for Employer of Record (EOR) Solutions. The report evaluated 15 EOR solution providers on their vision, capability, and market impact, taking into account client references as well as an ongoing analysis of the EOR market.
“Velocity Global’s extensive global coverage and cloud-based technology underpinned by in-country local expertise have been well received by the market,“ stated Priyanka Mitra, practice director at Everest Group. “Its expertise in serving clients of all sizes and its continued investments in improving its technology capabilities as well as its mobile-first approach are well appreciated by clients and have helped it emerge as a Leader on Everest Group’s PEAK Matrix® Assessment."
As the largest global EOR provider, Velocity Global enables companies to compliantly hire, manage, and pay any type of worker anywhere in the world. The company’s Global Work Platform™ simplifies the employer and talent experience by combining proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale.
Being a Leader in Everest Group’s PEAK Matrix for EOR Solutions, Velocity Global distinguishes itself by expanding its geographical presence, enhancing self-coverage, and constantly improving its EOR solutions while investing in state-of-the-art proprietary technologies and supporting integrations with the client’s existing technology stack.
Specifically, the Everest Group report highlights several strengths contributing to Velocity Global’s positioning as a Leader, including:
- Investments enabling continued innovation and expansion. Velocity Global received multimillion-dollar investments, including a $400 million Series B earlier this year that will be used to enhance and broaden its technology and solutions, while recent acquisitions of iWorkGlobal and ShieldGeo allowed the company to further expand its capabilities and reach.
- Breadth of solutions and coverage. A full suite of global hiring and workforce solutions — including global EOR, Global Immigration, Contractor Payments, Contractor Management (Agent of Record), and Global Payroll — spanning over 185 countries. To ensure global regulatory compliance, Velocity Global has a network of experts and an internal compliance committee to track changes in local laws.
- Comprehensive, cloud-based technology. The company’s easy-to-use technology allows clients to onboard, manage, and pay employees as well as contractors worldwide. Additionally, it features a “country knowledge center” that acts as a repository of local labor law. To enhance the employee experience, the employee self-service interface and dashboard are mobile-enabled.
- Exceptional service. Clients referenced strong customer support and sharp focus on compliance.
“We are thrilled to be recognized as a Leader in global EOR solutions by Everest Group,” says Brad Collins, chief strategy officer at Velocity Global. “For companies looking to expand geographically or hire the best possible person for a job, wherever they might reside, our global EOR solution provides an excellent opportunity to do this in a way that maximizes agility and efficiency. Our teams are constantly enhancing the user experience and adding capabilities to our Global Work Platform™ to meet the needs of our clients today and in the future.”
About Velocity Global
Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a "Leader" in Global Employer of Record Services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com.