Velocity Global Pricing Tiers & Costs
A complete overview of Velocity Global pricing tiers, additional costs, value for money, and how to pick the right plan for you. Plus, alternatives to consider and a side-by-side pricing comparison.
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Velocity Global is an Employer of Record (EOR) services provider that offers multiple pricing options tailored to different organizational needs. The pricing structure is not publicly disclosed and requires potential customers to contact the company for a custom quote.
HR professionals use Velocity Global to hire, manage, and pay distributed talent across 185+ countries, ensuring compliance with local employment laws.
Compared to its competitors, Velocity Global's pricing structure is considered flexible and offers good value for the comprehensive services provided. This guide covers everything we know about Velocity Global pricing, plans, and costs that will help you make an informed purchase decision with confidence.
How Much Does Velocity Global Cost?
As we mentioned at the outset, Velocity Global does not share pricing information publicly. The company offers a wide range of services for businesses looking to build a global workforce, including contractor conversion, global expansion, and global workforce support.
They provide expert guidance for human resources, legal, finance, and hiring managers, and operate in 185+ countries. The company offers resources such as case studies, blogs, and tools for global hiring and pay, HR and remote work, and working with Velocity Global.
They also offer integrations with various HR technology platforms and provide an employee cost calculator for calculating global payroll. For specific pricing details, businesses are encouraged to request a quote or consult with an expert through their website.
Velocity Global Plans & Pricing Tiers
Here's an overview of what's included in the available Velocity Global plans:
| Plan Type | Price | What’s Included? |
| Global Employer of Record (EoR) | Upon request | Compliant hiring and onboarding, accurate payroll, effortless offboarding, local compliance experts |
| Global EoR Add-ons | Upon request | Supplemental benefits, immigration benefits, medical insurance, life and AD&D plans, pension plans |
| Multi-Country Payroll | Upon request | Automated payroll, local experts, expense and time management, accurate payments, compliance support |
| Agent Of Record (AoR) | Upon request | Contractor qualification, document management, contractor agreements, compliant onboarding and payment |
Let’s break down the available Velocity Global plans a bit further:
Velocity Global Global Employer of Record (EoR) Plan
This plan helps manage and pay distributed talent across 185+ countries. It is best suited for companies looking for comprehensive HR support, including compliant hiring, onboarding, and payroll.
The plan also includes local compliance experts and supplemental benefits but may be costly for small businesses.
Velocity Global EoR Add-ons Plan
This plan is designed for enterprises needing additional benefits to attract and retain top talent. It is best suited for companies requiring comprehensive benefits programs, including medical insurance, pension plans, and immigration support.
The plan offers extensive employee benefits but may not be necessary for companies with basic HR needs.
Velocity Global Multi-Country Payroll Plan
Designed for larger organizations, this plan simplifies payroll for a distributed global workforce. It is best suited for companies needing automated and consolidated payroll services with local, in-country experts.
The plan includes expense and time management but may not offer extensive HR support or employee benefits.
Velocity Global Agent of Record (AoR) Plan
This plan is tailored for mid-sized companies needing to hire and manage contractors compliantly. It is ideal for businesses that require assistance with contractor payments, agreements, onboarding, and offboarding.
The plan ensures compliance at every stage but does not cover full-time employee management or payroll services.
Velocity Global Pricing vs. Competitors
Velocity Global is generally considered to have average pricing for Employer of Record (EOR) services.
The company provides a single platform to manage these services, which includes integrations with various HR and payroll systems. Security safeguards are robust across all plans.
While pricing details are not explicitly listed on their website, they emphasize transparent and accurate burden pricing. Compared to competitors, Velocity Global's pricing is competitive, with a focus on providing comprehensive support and compliance in over 185 countries.
Comparison Chart: Velocity Global vs. Alternatives
Wondering how Velocity Global pricing compares to other employer of record (EOR) services? Here’s a comparison chart that breaks down the costs of other employer of record (EOR) services side-by-side:
| Tools | Price | |
|---|---|---|
| Deel | Flat rate user pricing, with a free version for businesses with up to 200 people | Website |
| Remofirst | From $25/user/month | Website |
| Oyster HR | From $599/employee/month or $29/contractor/month | Website |
| Remote | From $50/user/month | Website |
| Papaya Global | From $15/employee/month | Website |
| Skuad | From $199/employee/month or $19/contractor/month | Website |
| Rippling | From $8/user/month, (billed annually). | Website |
| Multiplier | From $20/user/month (billed annually) | Website |
| ANSR | From $199/employee/month | Website |
| Foxhire | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareAlternatives to Velocity Global
Velocity Global is a reliable employer of record (EOR) service, but there are plenty of other options out there.
Depending on your use case, budget, team size, and other factors, you might consider shopping around for a solution that’s better suited to your needs. If you’re looking for alternative employer of record (EOR) options to Velocity Global, here are a few worth checking out:
- Remote: Offers a user-friendly platform with transparent pricing and no hidden fees.
- Papaya Global: Provides extensive automation features and integrations with various HR systems.
- Globalization Partners: Known for its fast onboarding process and strong compliance support.
- Deel: Specializes in contractor management and offers flexible payment options.
- Safeguard Global: Focuses on providing tailored solutions for complex international payroll needs.
- Oyster: Emphasizes a strong commitment to employee benefits and global talent management.
How to Choose The Right Velocity Global Plan
When deciding which Velocity Global plan to go with, you’ll want to consider the added value and potential drawbacks that come with each plan.
Scrolling through long lists of features can quickly lead to confusion and uncertainty, so here are a few factors to keep in mind as you evaluate and assess your options:
Velocity Global Scalability and Team Size
The Global Work Platform™ supports businesses of all sizes, from startups to large enterprises. For instance, a small startup with a team of 10 can use the platform to hire international talent without setting up local entities.
Mid-sized companies expanding into new markets can benefit from the Employer of Record solution to manage compliance and payroll. Large enterprises with hundreds of employees can leverage the platform’s integrations and global benefits to streamline HR processes and retain talent.
Industry-Specific Velocity Global Features
Velocity Global offers features tailored to various industries, such as contractor conversion, global expansion, and global workforce support.
For example, their Employer of Record service simplifies hiring international employees, while their Global Benefits program provides competitive perks to retain talent.
These features benefit teams by reducing legal risks and operational costs. Most features are available across different plans, but some advanced integrations and services may require specific plans.
Velocity Global Integration Capabilities
Velocity Global offers native integrations with platforms like Workable ATS, Greenhouse, Lever, JazzHR, HiBob, BambooHR, and Ashby.
These integrations synchronize employee information automatically, reducing data entry and enhancing accuracy. Velocity Global also provides an API for custom integrations and supports third-party tools like Zapier. This allows your team to streamline onboarding, synchronize data, and configure custom fields efficiently.
Velocity Global Security Safeguards
Velocity Global offers endpoint protection software, AES-256 encryption, automated alerts, and 24/7 on-call engineering to safeguard your data.
These features vary between plans, ensuring that your team’s specific needs are met. The platform also includes multi-factor authentication, a code change approval process, and continuous monitoring to protect your data.
Compliance with global privacy regulations, such as GDPR, is maintained, and third-party audits ensure adherence to rigorous standards.
Velocity Global Pricing FAQs
Here are answers to a few common questions about Velocity Global pricing:
What additional costs should I anticipate with Velocity Global?
When using Velocity Global’s services, you should anticipate additional costs beyond the basic service fees. These may include:
- Payroll Taxes: Employer contributions to social security, unemployment insurance, and other statutory benefits.
- Supplemental Benefits: Optional benefits such as health insurance, dental and vision coverage, and retirement plans.
- Onboarding Costs: Expenses related to setting up new employees, including workspace setup, travel, and training.
- Overhead Costs: Office space rental, utilities, office supplies, and other necessary amenities.
- Recruitment Costs: Fees for job postings, recruiting software, and potential commissions for external recruiting partners.
Are there any discounts or promotions available for Velocity Global?
Velocity Global occasionally offers promotions and discounts, particularly for new clients or those committing to long-term contracts.
Specific promotions may vary, so it is best to contact Velocity Global directly or check their website for the latest offers. Additionally, they may provide tailored pricing based on the scale and scope of your global expansion needs.
How often does Velocity Global change its pricing structure?
Velocity Global reviews and updates its pricing structure periodically to reflect changes in market conditions, regulatory requirements, and service enhancements.
While the exact frequency of these changes is not specified, it is advisable to stay in contact with their sales team or regularly check their website for any updates. The last significant pricing update was not explicitly mentioned, so direct inquiries may provide the most accurate information.
What factors influence the cost of Velocity Global's services?
Several factors influence the cost of Velocity Global’s services, including:
- Geographic Location: Costs vary depending on the country and local labor laws.
- Number of Employees: Larger teams may benefit from economies of scale.
- Service Scope: The range of services required, such as payroll, benefits, and compliance support.
- Industry: Different industries may have varying regulatory and compliance requirements.
- Contract Duration: Long-term commitments may offer more favorable pricing.
How can I get a detailed quote for Velocity Global's services?
To get a detailed quote for Velocity Global’s services, you can use their Employee Cost Calculator available on their website. This tool helps estimate country-specific contributions and payroll costs.
Additionally, you can fill out a contact form with your specific hiring details, and an expert from their team will reach out to provide a customized quote.
Does Velocity Global offer any tools to help manage costs?
Yes, Velocity Global offers several tools to help manage costs, including:
- Employee Cost Calculator: A tool to estimate payroll costs and contributions for different countries.
- Reporting and Analytics: Tools to provide insights into employee costs and help make informed financial decisions.
- Global Payroll Solution: A centralized platform to streamline payroll operations and ensure compliance with local labor laws.
Is Velocity Global Good Value?
In my opinion, Velocity Global offers significant value for companies looking to expand their workforce internationally. The platform's features, such as global payroll, compliance management, and benefits administration, are well-integrated and user-friendly.
Pricing is competitive, especially considering the extensive support and resources provided. The interface is intuitive, making onboarding straightforward even for those new to EOR services.
Velocity Global excels in industries with complex regulatory environments, such as tech and finance, where compliance is critical.
Verdict: Velocity Global is a valuable investment for companies needing reliable EOR services to manage international expansion efficiently.
Want to learn more about Velocity Global? Check out their site for additional information.
Pricing upon request
Free demo available
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