In today’s rapidly globalizing business landscape, companies are increasingly looking to expand their operations and tap into international talent pools. However, navigating the complexities of hiring, paying, and managing employees across borders can be a daunting task. This is where Velocity Global comes in, offering a comprehensive solution for businesses seeking to streamline their global workforce management.

As a leading provider of global employment solutions, Velocity Global has made a name for itself by simplifying the process of hiring, paying, and managing employees and contractors worldwide. With a presence in over 185 countries and a range of services including employer of record (EOR), global payroll, and compliance management, Velocity Global has become the go-to choice for companies looking to expand their global footprint.

But what exactly does Velocity Global do, and how does it differentiate itself from competitors in the market? In this blog post, we’ll take a closer look at Velocity Global, its services, and what makes it stand out in the global employment solutions space. From its advanced technology platform to its extensive country coverage and comprehensive service offerings, we’ll explore why Velocity Global has become a top choice for businesses looking to streamline their international hiring processes.

So, whether you’re a small startup looking to hire your first international employee or a large corporation seeking to expand your global presence, read on to discover how Velocity Global can help you navigate the complexities of global employment and unlock new opportunities for growth and success.

What Is Velocity Global?

Velocity Global is a leading provider of global employment solutions, headquartered in Denver, Colorado. Founded in 2014 by CEO Ben Wright, the company’s mission is to simplify the process of hiring, paying, and managing employees and contractors worldwide.

With a presence in over 185 countries, Velocity Global offers a comprehensive suite of services designed to help businesses expand their global footprint and tap into international talent pools. These services include:

1. Employer of Record (EOR): Velocity Global’s EOR service allows companies to hire employees in countries where they don’t have a legal entity, eliminating the need to set up a local subsidiary or navigate complex local employment laws.
2. Global Payroll: The company’s global payroll solutions ensure that employees are paid accurately and on time, regardless of their location, while also handling compliance with local tax and labor regulations.
3. Compliance Management: Velocity Global’s team of local experts helps clients stay up-to-date with country-specific employment laws and regulations, minimizing the risk of non-compliance and potential legal issues.

In addition to these core services, Velocity Global also offers a range of supporting solutions, such as global benefits administration, immigration support, and global talent acquisition.

Since its founding, Velocity Global has experienced rapid growth and has been recognized as one of the fastest-growing private companies in the United States. In May 2021, the company raised $400 million in Series B funding, valuing it at $2 billion and cementing its position as a leader in the global employment solutions market.

With its advanced technology platform, extensive country coverage, and comprehensive service offerings, Velocity Global has become the go-to choice for businesses looking to streamline their international hiring processes and unlock new opportunities for growth and success in the global marketplace.

What Does Velocity Global Do?

Velocity Global is a company that specializes in providing global employment solutions to businesses looking to expand their operations internationally. The primary focus of Velocity Global is to help companies hire, pay, and manage employees and contractors worldwide, while ensuring compliance with local laws and regulations.

Here are some of the key services offered by Velocity Global:

1. Employer of Record (EOR): Velocity Global’s EOR service enables clients to hire employees in countries where they don’t have a legal entity. As the EOR, Velocity Global takes on the legal responsibility for these employees, handling payroll, taxes, and compliance, while the client maintains day-to-day management of the employee’s work.
2. Global Payroll: Velocity Global offers global payroll solutions to ensure that employees are paid accurately and on time, regardless of their location. The company handles compliance with local tax and labor regulations, streamlining the payroll process for its clients.
3. Compliance Management: With a team of local experts, Velocity Global helps clients navigate the complexities of country-specific employment laws and regulations. This service minimizes the risk of non-compliance and potential legal issues.
4. Global Benefits Administration: Velocity Global assists clients in designing and administering employee benefits packages that are competitive and compliant with local regulations.
5. Immigration Support: The company offers immigration support services to help clients obtain visas and work permits for their international employees.
6. Global Talent Acquisition: Velocity Global can help clients find and recruit top talent from around the world, leveraging its global network and expertise in international hiring.

By providing these services, Velocity Global aims to simplify the process of global expansion for businesses, allowing them to focus on their core operations while the company handles the complexities of international employment. With its comprehensive solutions and expertise in global workforce management, Velocity Global has become a trusted partner for companies looking to grow their global presence.

How Velocity Global Different From Others

Velocity Global differentiates itself from competitors in the global employment solutions space in several key ways:

1. Comprehensive Service Offerings: While some providers focus solely on payroll or compliance, Velocity Global offers an all-in-one solution that covers the entire employee lifecycle, from onboarding to offboarding. This comprehensive approach allows clients to streamline their global workforce management and reduces the need for multiple vendors.
2. Extensive Country Coverage: With a presence in over 185 countries, Velocity Global has one of the widest reaches in the industry. This extensive country coverage enables the company to support clients’ global expansion efforts, regardless of their target markets.
3. Advanced Technology Platform: Velocity Global’s proprietary technology platform integrates seamlessly with clients’ existing HR systems, providing real-time data and insights into their global workforce. This advanced platform streamlines processes, enhances visibility, and improves overall efficiency in managing international employees.
4. Local Expertise: Velocity Global’s team of local experts brings deep knowledge of country-specific employment laws, regulations, and cultural nuances. This expertise ensures a smooth and compliant experience for both employers and employees, minimizing the risk of legal issues and cultural misunderstandings.
5. Tailored Solutions: Velocity Global takes a consultative approach to working with clients, offering tailored solutions that address their specific needs and goals. Whether a client is a small startup or a large enterprise, Velocity Global can customize its services to fit their unique requirements.
6. Emphasis on Compliance: Velocity Global places a strong emphasis on compliance, staying up-to-date with the latest changes in local labor laws and regulations. This focus on compliance helps clients minimize risk and ensures that their global workforce is managed in accordance with all relevant legal requirements.
7. Exceptional Customer Support: Velocity Global is known for its responsive and knowledgeable customer support team, which is available to assist clients and their employees with any questions or concerns that may arise.

By offering a comprehensive, technology-driven, and compliance-focused approach to global employment solutions, Velocity Global has set itself apart from competitors and established itself as a leader in the industry. These differentiating factors have contributed to the company’s rapid growth and success, as more businesses turn to Velocity Global to help them navigate the complexities of international hiring and expansion.

Global Payments Partners Of Velocity Global

Velocity Global has partnered with several leading global payment providers to facilitate fast, secure, and cost-effective cross-border payments for its clients and their international employees. These partnerships allow Velocity Global to offer competitive exchange rates and streamline the payment process for its global payroll services.

Some of the notable global payments partners of Velocity Global include:

1. Western Union: Western Union is a global leader in cross-border, cross-currency money movement and payments. Through this partnership, Velocity Global can facilitate payments to employees in over 200 countries and territories, in more than 130 currencies.
2. Transferwise: Transferwise, now known as Wise, is a popular online money transfer service that offers competitive exchange rates and low fees. By partnering with Transferwise, Velocity Global can provide its clients with cost-effective international payment solutions.
3. Payoneer: Payoneer is a digital payment platform that enables businesses and professionals to pay and get paid globally. This partnership allows Velocity Global to offer flexible payment options to its clients and their employees.
4. WorldFirst: WorldFirst is an international money transfer and foreign exchange company that offers competitive exchange rates and fast, secure payments. By working with WorldFirst, Velocity Global can help its clients save money on cross-border transactions.
5. Modulr: Modulr is a digital payments platform that enables businesses to automate and streamline their payment processes. This partnership allows Velocity Global to offer efficient and scalable payment solutions to its clients.

These global payments partnerships are a key component of Velocity Global’s comprehensive global employment solutions. By working with trusted and innovative payment providers, Velocity Global can ensure that its clients’ international employees are paid accurately, on time, and in compliance with local regulations, while also minimizing costs and streamlining the payment process.

Velocity Global Competitors

While Velocity Global is a leader in the global employment solutions space, it does face competition from other providers. Some of the notable competitors include:

1. Remote: Remote is a global employment platform that offers employer of record (EOR) services, payroll, benefits, and compliance support. Like Velocity Global, Remote focuses on helping businesses hire and manage international talent.
2. Papaya Global: Papaya Global is a cloud-based platform that provides global payroll, benefits, and compliance services. The company’s focus on technology and automation sets it apart from some competitors.
3. Globalization Partners: Globalization Partners offers EOR services, global payroll, and compliance support, with a presence in over 180 countries. The company has a strong emphasis on customer support and expertise in international hiring.
4. Deel: Deel is a global payroll and compliance platform that helps businesses hire and pay international employees and contractors. The company’s user-friendly interface and focus on self-service tools differentiate it from some competitors.
5. Multiplier: Multiplier is a global employment platform that offers EOR services, payroll, and compliance support. The company’s pay-as-you-go pricing model and focus on simplicity make it an attractive choice for businesses with limited international hiring needs.

While these competitors offer similar services to Velocity Global, each has its own unique strengths and focus areas. Velocity Global differentiates itself through its comprehensive service offerings, extensive country coverage, advanced technology platform, and emphasis on compliance and customer support.

List Of Velocity Global Headquarters

Velocity Global’s primary headquarters is located in Denver, Colorado, USA. However, the company has several regional offices and a presence in multiple countries to support its global operations. Here are some of the key Velocity Global office locations:

1. Denver, Colorado, USA (Global Headquarters): 3858 Walnut Street, Suite 201, Denver, CO 80205
2. Amsterdam, Netherlands (EMEA Headquarters): Gustav Mahlerlaan 1212, 1081 LA Amsterdam, Netherlands
3. London, United Kingdom: 1 Pancras Square, London, N1C 4AG, United Kingdom
4. Singapore (APAC Headquarters): 8 Marina View, Asia Square Tower 1, Level 07-04, Singapore 018960
5. Bogotá, Colombia: Calle 93 # 19-55, WeWork Empresarial 93, Bogotá, Colombia
6. Dubai, United Arab Emirates: Dubai Internet City, Building 16, Office 213, Dubai, UAE
7. São Paulo, Brazil: Av. das Nações Unidas, 12.901 – CENU, Sala 2201, Torre Norte, São Paulo, Brazil
8. Sydney, Australia: 1 Margaret Street, Level 11, Sydney NSW 2000, Australia

These strategically located offices allow Velocity Global to provide local support and expertise to its clients and their employees around the world. As the company continues to grow and expand its global footprint, it may establish additional offices in key markets to better serve its customers.

Related FAQs Of Velocity Global

Conclusion

Velocity Global has established itself as a leading provider of global employment solutions, offering a comprehensive suite of services that simplify the process of hiring, paying, and managing employees and contractors worldwide. With its extensive country coverage, advanced technology platform, and emphasis on compliance and customer support, Velocity Global has become a trusted partner for businesses looking to expand their global presence.

Velocity Global’s employer of record (EOR) services, global payroll solutions, and compliance management expertise have been instrumental in helping companies navigate the complexities of international hiring and workforce management. The company’s partnerships with leading global payment providers ensure that international employees are paid accurately, on time, and in compliance with local regulations.

While Velocity Global does face competition from other players in the global employment solutions space, such as Remote, Papaya Global, and Globalization Partners, the company has differentiated itself through its comprehensive service offerings, local expertise, and commitment to client success.

As businesses continue to recognize the benefits of tapping into global talent pools and expanding their international operations, the demand for global employment solutions is likely to grow. With its strong track record, innovative technology, and customer-centric approach, Velocity Global is well-positioned to capitalize on this trend and help more companies succeed in the global marketplace.

For businesses considering international expansion or seeking to streamline their global workforce management, Velocity Global is a compelling choice. By partnering with Velocity Global, companies can focus on their core operations and strategic goals while leaving the complexities of international hiring and compliance to a trusted and experienced provider.