About This Constellation ShortList™
Globalization is the longest lasting business trend that the modern economy has seen. International expansion is critical for enterprise to market their products and services to a wider audience and additional markets as fast and soon as possible, practicing Enterprise Acceleration. But working as a multinational enterprise / global enterprise comes with complexity and challenges: HR regulation differs, tax codes vary and getting to a compliant form of employment and payroll in all markets is a major headache.
Employers of record (EOR) provide key offerings to help enterprise work globally in a fast and efficient way – as they allow the local hiring of people through them… avoiding the cost and time needed to setup local entities in each country the enterprise wants / needs to operate. The result is a reduction of complexity and the enablement of what matters for enterprise these days – Enterprise Acceleration.
Artificial Intelligence is changing enterprise automation substantially and HCM is no exception. Vendors need to have enabled AI based automation in at least three of the five key HCM automation areas – with tangible success. To enable customers to uptake AI as well, vendors need to upgrade their Enterprise Application Platform (EAP) capabilities with respet to AI.
Threshold Criteria
Constellation considers the following criteria for these solutions:
- Support at least 50 countries for EOR services
- Fully compliant employment in 50 countries
- Onboarding in one work week in any supported country
- Global and local payroll capabilities for both management, visibility, and support
- Adjacent capabilities, e.g. in HR Core, Time and Attendance, Workforce Management
- Over 250 customers
- Employing over 1M people in the various countries
- Over 500k paychecks / month worldwide
- Support of at least 10 languages in the system
- Support of at least 3 continents
- Staff in at least 2 continents
- Out of the box Interfaces with other global/ local HCM systems (at least 5)
- Transparent and effective pricing and costing
The Constellation ShortList™
Constellation evaluates more than 20 solutions categorized in this market. The Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
- DEEL
- G-P
- MERCANS
- NEEYAMO
- OYSTER
- PAPAYA GLOBAL
- SAFEGUARD GLOBAL
- REMOTE
- RIPPLING
- VELOCITY GLOBAL
Frequency of Evaluation
Each Constellation ShortList is updated at least once per year. Updates may occur after six months if deemed necessary.
Evaluation Services
Constellation clients can work with the analyst and the research team to conduct a more thorough discussion of this ShortList. Constellation can also provide guidance in vendor selection and contract negotiation.