Velocity Global Earns Leader Status in Everest Group's EOR Assessment for Third Consecutive Year

Velocity Global, a prominent player in global workforce management, has once again secured its position as a Leader in Everest Group's 2023 PEAK Matrix® Assessment for Employer of Record (EOR) Solutions. This marks the third consecutive year that the company has received this prestigious recognition, solidifying its status as an industry frontrunner in facilitating international business expansion.

The Everest Group's assessment, which evaluated 23 EOR solution providers based on their vision, capabilities, and market impact in 2023, places Velocity Global at the forefront of the industry. This repeated success underscores the company's commitment to innovation and its ability to meet the evolving needs of organizations seeking to expand their global footprint.

Priyanka Mitra, Vice President at Everest Group, highlighted Velocity Global's strengths, noting, "Velocity Global has been recognized as a Leader... for the breadth and depth of its services that span across EOR, supplemental benefits and perks, and equity management along with local expertise across multiple geographies." Mitra also emphasized the company's focus on compliance, continuous investment in advanced analytics, technology sophistication, and improving customer experience as key factors contributing to its strong market position.

The Leaders in this assessment are distinguished by their capacity to address diverse customer needs throughout the employee lifecycle, from onboarding to offboarding. Velocity Global's evolution from a point solution provider to a strategic global growth partner has been instrumental in its continued success. The company's Global Work Platform™ offers a unique combination of self-service functionality and deep legal and HR expertise, ensuring compliance across more than 185 countries.

Velocity Global's comprehensive suite of services includes global expansion support, enabling companies to hire, manage, pay, and retain a global workforce worldwide. The company's tech-driven approach is evident in its continuous enhancement of the Global Work Platform™, which allows clients to manage global employees compliantly through a single, intuitive platform. This technology is further augmented by seamless bi-directional data integrations with leading HR systems.

A key differentiator for Velocity Global is its expert-led customer support. The company boasts dedicated teams of global payroll, benefits, immigration, and mobility experts, complemented by in-country HR and legal expertise. This comprehensive support structure has garnered praise from customers for its exceptional service and unmatched compliance management.

Francoise Brougher, CEO of Velocity Global, emphasized the importance of the company's offerings in the current global business landscape: "When it comes to addressing talent gaps or expanding into new markets, the ability to hire anyone, anywhere is a game-changer for companies. To succeed in the global workforce, businesses need more than just speed—they need a frictionless user experience and reliable and trustworthy compliance."

For HR professionals and business leaders, Velocity Global's continued recognition as a Leader in the EOR space signifies a reliable partner for navigating the complexities of global workforce management. As organizations increasingly look to tap into global talent pools and expand into new markets, the need for comprehensive, compliant, and technologically advanced EOR solutions becomes paramount.

The company's success in this assessment reflects broader trends in the HR industry, where the ability to manage a global workforce efficiently and compliantly is becoming a critical competitive advantage. Velocity Global's platform and services address key challenges faced by HR departments, including international compliance, payroll management, and employee benefits administration across multiple jurisdictions.

As businesses continue to adapt to a more globalized and remote work environment, Velocity Global's recognition underscores the growing importance of EOR solutions in modern workforce strategies. For HR professionals, this development highlights the need to stay informed about advanced global workforce management tools and practices to support their organizations' growth and talent acquisition strategies effectively.

To learn more about what differentiates Velocity Global in the EOR market, interested parties can download the report here. Additional information about Velocity Global's services is available at News Direct. You can read the source press release here,