Velocity Global, a leading provider of global workforce management solutions, has once again been named a Leader in Everest Group’s 2023 PEAK Matrix® Assessment for Employer of Record (EOR) Solutions. This marks the third consecutive year that Velocity Global has received this prestigious recognition, solidifying its position as an industry frontrunner in facilitating international business expansion.
The Everest Group assessment, which evaluated 23 EOR solution providers based on their vision, capabilities, and market impact in 2023, underscores Velocity Global’s consistent innovation and dedication to empowering organizations in their global growth endeavors. This repeated success highlights the company’s ability to adapt to evolving market needs and maintain a competitive edge in the rapidly growing field of global workforce solutions.
Priyanka Mitra, Vice President at Everest Group, commended Velocity Global for its comprehensive service offerings, which extend beyond traditional EOR services to include supplemental benefits, perks, and equity management. Mitra also noted the company’s strong focus on compliance, continuous investment in advanced analytics, and efforts to enhance customer experience as key factors contributing to its leadership position.
Velocity Global’s Global Work Platform™ stands out as a cornerstone of its offerings, providing businesses with a seamless experience that combines self-service functionality with expert legal and HR guidance. This platform enables companies to navigate the complexities of international hiring, management, and payroll across more than 185 countries, ensuring compliance with local regulations and streamlining global operations.
The company’s evolution from a point solution provider to a strategic global growth partner has been pivotal in its success. Velocity Global’s comprehensive approach to global expansion encompasses hiring, managing, paying, and retaining a global workforce, supported by a range of statutory and supplemental benefits. This holistic service model allows businesses of all sizes to scale confidently across borders, backed by Velocity Global’s extensive expertise and technological capabilities.
Francoise Brougher, CEO of Velocity Global, emphasized the transformative power of borderless hiring in addressing talent gaps and expanding into new markets. Brougher highlighted the importance of not just speed, but also a frictionless user experience and reliable compliance in achieving success in the global workforce landscape.
Velocity Global’s recognition as a Leader is further substantiated by its strong customer support, compliance management, and country-specific expertise in areas such as payroll, benefits, mobility, and legal matters. The company’s dedicated teams of global experts provide unparalleled support, earning praise from customers for exceptional service and compliance management.
As businesses increasingly seek to tap into global talent pools and expand their international presence, Velocity Global’s continued leadership in the EOR solutions space positions it as a key enabler of global workforce strategies. The company’s combination of technological innovation, comprehensive services, and expert support offers a compelling solution for organizations looking to navigate the complexities of global expansion efficiently and compliantly.
For businesses considering international growth or seeking to optimize their global workforce management, Velocity Global’s repeated recognition as a Leader in Everest Group’s assessment serves as a strong endorsement of its capabilities and reliability in the EOR solutions market.
To learn more about Velocity Global’s leadership position and differentiating factors, interested parties can download the report for detailed insights into the company’s performance and offerings.
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