Top Global PEO Providers and Their Ideal Use Cases

Explore top Global PEO providers for seamless international expansion. Streamline HR, compliance, and payroll with expert PEO services worldwide.

Brett Ungashick
OutSail HRIS Advisor
July 4, 2023
user comparing HRIS systems

The global PEO industry - or global employer of record industry - is one of the fastest growing verticals within HR software.

As businesses are adopting to a remote-first world and communication technologies are shrinking the globe, organizations are starting to hire top talent wherever they can find it.

Traditionally, hiring aboard would involve either (a) hiring contractors, which can exist in a compliance grey area, or (b) setting up a foreign entity, which can be costly and full of bureaucratic red tape.

Global PEO, or Global EOR, solutions can help solve this problem. Global PEO providers have set up entities in almost every major country, which allows businesses to hire that international candidate through their pre-built entity for a surcharge.

While these solutions are a huge time saver for businesses (and can help ensure compliance), one challenge to adopting them is finding the right partner. The industry is full of brands that the average buyer in unfamiliar with. And, it can be challenging to understand how each vendor differs and what their strengths and weaknesses are.

If you're looking into a global PEO solution, reach out to OutSail and our free services can guide you through the process, helping you find the right vendors, ask the right questions and negotiate the right deal.

Here's a quick overview of the key vendors and how they differentiate:

Best for companies who prioritize expert support

Globalization Partners

Globalization Partners is often considered the market leader in the global PEO space and recently raised a $150M round of funding. They have more fully-owned entities than anyone else allowing greater price control, consistency and standardization. Globalization Partners also provides significant in-country legal and compliance expertise.

Velocity Global

Velocity Global is also viewed as a market leader in the global EOR space. Unlike their peers, however, they are a self-funded business that hasn’t taken any outside capital. Velocity Global’s biggest differentiator is their comprehensive service model which leads to very high client retention rates. Velocity Global  can also offer an HRIS platform with a broad scope of modules.

Best for companies who want flexibility

Papaya Global

Papaya is one of the fastest growing companies in the global employment space. They are the only company that can provide global payroll, EOR and contractor management services. Papaya also differentiates on technology and can provide a broad set of modules in a modern, easy-to-use platform. Papaya also utilizes a flat fee pricing model which can help with cost predictability. Learn more about Papaya Global

Safeguard Global

Safeguard Global has been in the industry since 2008, originally as a managed payroll service provider. For companies that want a strong partner in both global payroll and EOR, SG can be a strong fit. Safeguard Global has owned-entities or partner-entities in almost every major country. Safeguard is also the largest company on this list and their internal team provides full in-country compliance and tax support.

Best for companies who need more than just PEO services

Global Upside

Global Upside is one of the most experienced and comprehensive providers in the global business expansion space. They have been around for over 20 years and have over 50 fully-owned entities. Their partners provide coverage in the other 120 countries where they can support clients. In addition to their EOR services, Global Upside also provides arguably the most robust entity set-up services in the market. Global Upside can offer a full suite HRIS and staffing services too. Finally, their emphasis on security and compliance meets the highest standards.

Global Expansion

Global Expansion can offer EOR services in over 214 countries and territories and they offer a comprehensive flat-fee pricing model. Through their parent company, Equus, Global Expansion can provide a variety of additional global services including background checks, benefits and immigration. GX also offers a modern, easy-to-use HRIS system through their partner GoCo, which is very strong with payroll integrations.

Best for companies who care about technology and costs

Deel

Deel is a great choice for companies that need the flexibility of being able to hire both full-time employees, as well as contractors. Their contract management tools are best-in-class and make it very easy for employers to create locally compliant contracts. Deel is also more cost-effective than many of their peers and provides a dedicated support model.

Remote

Remote was founded by leaders from GitLab, one of the world’s largest fully-remote companies. They are the only vendor on this report that does not utilize a single partner for their EOR services. Remote also differentiates on cost and by emphasizing IP protections more than their peers. Remote maintains a proprietary network of in-country experts in every country in which they operate.

FAQs
What is a Global PEO (Professional Employer Organization)?

A Global PEO, also known as a Global Employer of Record (EOR), is a service provider that helps businesses expand internationally by handling HR, compliance, and payroll functions for their overseas employees.

Why would a company use a Global PEO?

Companies use Global PEOs to streamline international expansion, minimize legal and compliance risks, and access expert support for managing HR functions in foreign countries.

What are the key benefits of using a Global PEO?

Some key benefits include access to expert support for international HR compliance, simplified payroll processing, reduced administrative burden, and scalability for global operations.

How do Global PEOs differ from traditional hiring methods or setting up foreign entities?

Traditional hiring methods or setting up foreign entities can be time-consuming, costly, and involve legal complexities. Global PEOs offer a more efficient and cost-effective solution by providing pre-built entities in multiple countries, enabling companies to hire international employees quickly and compliantly.

What factors should companies consider when choosing a Global PEO provider?

Companies should consider factors such as the provider's expertise in specific countries or regions, the comprehensiveness of their service offerings, their technology platform, pricing models, and customer support capabilities.

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Meet the Author

Brett Ungashick
OutSail HRIS Advisor
Brett Ungashick, the friendly face behind OutSail, started his career at LinkedIn, selling HR software. This experience sparked an idea, leading him to create OutSail in 2018. Based in Denver, OutSail simplifies the HR software selection process, and Brett's hands-on approach has already helped over 1,000 companies, including SalesLoft, Hudl and DoorDash. He's a go-to guy for all things HR Tech, supporting companies in every industry and across 20+ countries. When he's not demystifying HR tech, you'll find Brett enjoying a round of golf or skiing down Colorado's slopes, always happy to chat about work or play.

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