Velocity Global review – Services, prices and features explained

When considering expanding your business internationally, one key decision is how to manage global hiring, compliance, and payroll. Velocity Global is a leading platform offering businesses solutions for hiring, paying, and managing international talent across 185+ countries. This review will explore Velocity Global services, pricing structure, and features, helping you determine if this provider is the right fit for your global expansion strategy.

Review of services provided by Velocity Global

Velocity Global’s core offering revolves around their Employer of Record (EOR) service. EOR is an ideal solution for businesses looking to employ workers in foreign countries without establishing a legal entity in each location. Instead, Velocity Global takes on the legal responsibilities of employing these individuals, including local compliance with tax, employment laws, and benefits. The key services under this offering include:

1. Global payroll and benefits: Velocity Global ensures employees are paid accurately and on time, in local currencies, and with access to local benefit schemes. This includes pension schemes, health insurance, and other region-specific perks. See our guide to international payroll providers.
2. Immigration support: For businesses relocating talent internationally, Velocity Global offers visa sponsorship and immigration services to streamline the process of relocating employees.
3. International expansion advisory: Their team provides expert guidance on international hiring strategies, compliance, and market entry.
4. Contractor management: Velocity Global enables businesses to compliantly engage with independent contractors worldwide while navigating the complexities of classification and local labour laws.
5. Equity and pension programmes: They also offer tailored equity management services, allowing businesses to offer share-based incentives to global employees, helping to retain top talent.

Platform features

The platform integrates with most major HR and accounting systems, allowing businesses to use their existing infrastructure seamlessly while scaling operations internationally. Some notable features include:

• Automated compliance management: Velocity Global’s technology monitors local labour regulations, automatically updating to remain compliant with ever-changing laws.
• Talent onboarding: With local knowledge, Velocity Global can efficiently onboard talent in new markets, ensuring a smooth start for employees.
• Data security: The platform adheres to global data privacy standards, offering high levels of protection for employee and payroll data.

Velocity Global pricing review

Velocity Global’s pricing structure is tailored to individual company needs, which allows for flexible solutions depending on the number of employees, regions, and services required. While exact pricing is not listed, costs are generally divided into:

1. Per employee, per month fees: Depending on the country, hiring through an EOR incurs monthly fees per employee, covering payroll, compliance, and administrative costs.
2. Set-up and onboarding fees: These cover initial consultation and setup for each country or region.
3. Additional services: Costs for immigration support, advisory services, and equity management may vary depending on the complexity and location.

It is worth contacting Velocity Global directly for a tailored quote based on your business’s specific needs.

Pros and cons

Pros:

• Quick market entry: Velocity Global allows businesses to hire employees internationally within weeks, compared to the lengthy process of establishing local entities.
• Comprehensive compliance: With automated compliance checks and deep local expertise, businesses can confidently expand into complex markets without the risk of penalties or legal issues.
• Scalability: The platform is well-suited for businesses of all sizes, from startups entering their first international market to large corporations with distributed teams.

Cons:

• Cost structure: While the pricing is customised, smaller businesses with few employees in each region might find the per-employee fees relatively high compared to handling payroll and HR internally.
• Complexity of services: For businesses with simple expansion needs (e.g., hiring in just one or two countries), the full range of services might be more than necessary.

Alternatives and comparisons

• Velocity Global vs Globalization Partners
• Velocity Global vs Multiplier

Is Velocity Global right for your business?

Velocity Global is best suited for businesses looking to expand quickly into multiple countries, especially those without the internal resources to manage compliance and payroll in each jurisdiction. The platform’s ability to handle complex hiring, compliance, and employee management needs across diverse markets makes it an ideal partner for companies with distributed teams or those navigating international expansion for the first time.

However, businesses that are only expanding into one or two countries with relatively straightforward needs may want to compare Velocity Global with other EOR services or local providers to ensure the cost and service range align with their needs.

Conclusion – Velocity Global review

Velocity Global offers a robust platform designed to streamline global HR operations. With its Employer of Record service, comprehensive compliance tools, and tailored support, it can be an essential partner for businesses looking to expand internationally with minimal risk.

However, the complexity and potential cost of the services mean that businesses should carefully assess their specific needs and compare alternatives before committing to a global HR solution.

For businesses seeking to take their international expansion efforts to the next level, Velocity Global provides the expertise, infrastructure, and technology to simplify what can often be a challenging and legally complex process.

FAQ about Velocity Global