Velocity Global Reviews & Pricing

by Velocity Global, LLC | Founded 2014, Denver, Colorado

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What is Velocity Global?

Industry Specialties: Legal, Finance, Human Resources.

Velocity Global offers a comprehensive software solution that simplifies global workforce management, particularly through its Employee of Record (EOR) services. This platform is ideal for businesses looking to expand internationally without the complexities of establishing foreign legal entities. By handling payroll, benefits, compliance, and tax regulations, Velocity Global allows companies to focus on their core operations while ensuring adherence to local laws.

Organizations of various sizes, especially those in rapid growth phases or with a dispersed workforce, find Velocity Global particularly beneficial. The platform's ability to streamline onboarding, manage employee benefits, and ensure compliance across multiple jurisdictions makes it a valuable asset for HR departments.

Key advantages include reduced administrative burden, enhanced compliance, and the ability to quickly scale operations globally. Popular features encompass automated payroll processing, benefits administration, and real-time compliance monitoring. Users often praise the platform for its user-friendly interface and robust support services.

Pricing details for Velocity Global are typically customized based on the specific needs of the business, such as the number of employees and the countries of operation. For precise pricing information, it is recommended to contact SelectHub for a tailored quote.

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Velocity Global Pricing

Based on our most recent analysis, Velocity Global pricing starts in the range of $10 - $100.

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Starting From: Undisclosed
Pricing Model: Annually, Quote-based
Free Trial: No

Training Resources

Velocity Global is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Velocity Global:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Velocity Global Benefits and Insights

Why use Velocity Global?

Key differentiators & advantages of Velocity Global

Global Compliance: Ensures adherence to local labor laws and regulations, reducing legal risks and penalties.
Streamlined Onboarding: Simplifies the hiring process with automated workflows, allowing new hires to start quickly and efficiently.
Cost Efficiency: Reduces overhead by eliminating the need for establishing local entities, saving on administrative and operational costs.
Scalability: Facilitates rapid expansion into new markets without the complexities of setting up local offices.
Employee Support: Provides comprehensive support services, including payroll, benefits, and HR assistance, ensuring employee satisfaction and retention.
Time Savings: Automates routine administrative tasks, freeing up time for strategic initiatives and core business activities.
Risk Mitigation: Minimizes exposure to international employment risks through expert management of compliance and legal requirements.
Enhanced Flexibility: Offers the ability to hire talent from anywhere in the world, adapting to changing business needs and market conditions.
Data Security: Ensures the protection of sensitive employee information with robust security measures and compliance with data privacy regulations.
Improved Employee Experience: Delivers a seamless and professional experience for employees, from onboarding to ongoing support, fostering a positive work environment.

Industry Expertise

Velocity Global specializes in helping businesses manage globally distributed workforces, particularly those looking to expand internationally or hire talent from diverse locations. Their expertise lies in navigating complex employment laws and regulations across various countries, simplifying the process of hiring, paying, and managing employees worldwide.

Synopsis of User Ratings and Reviews

Based on an aggregate of Velocity Global reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Streamlined Global Hiring: Velocity Global simplifies international hiring through its Employer of Record (EOR) service, managing legal complexities and compliance with local employment laws in over 185 countries. This allows businesses to focus on their core operations while expanding their reach globally.
Comprehensive Global Payroll Solutions: Velocity Global excels in providing comprehensive global payroll support, ensuring accurate and compliant payroll processing for international employees. Their expertise in local regulations and multi-country payroll management eliminates the need for businesses to navigate complex payroll processes in unfamiliar regions.
Robust Online Platform and Support: Users praise Velocity Global's intuitive online platform, which facilitates efficient HR management, including onboarding, document management, and payroll viewing. They also commend the company's responsive customer service and readily available support structure, ensuring smooth operations and quick issue resolution.
Attractive Benefits Packages: Velocity Global stands out by offering robust employee benefits management, including comprehensive medical, life, and retirement plans tailored to local regulations in each country they operate. This focus on attractive benefits packages helps businesses attract and retain top-tier talent in competitive international markets.

Cons

Pricing Opacity: Velocity Global doesn't publicly disclose its pricing structure, requiring potential clients to contact their sales team for personalized quotes. This lack of transparency can be frustrating for businesses seeking to compare costs upfront.

Researcher's Summary:

How can Velocity Global help your company achieve global domination, you ask? User reviews from the past year reveal a resounding thumbs-up for Velocity Global's Employer of Record (EOR) services. Across platforms like Comparably and G2, clients and employees alike praise the company's user-friendly online platform, which simplifies complex processes like global payroll and benefits management. This is a significant advantage, as it allows companies to focus on their core business rather than getting bogged down in administrative tasks. Users also highlight the exceptional customer support, describing interactions as efficient and helpful.

However, a recurring criticism centers around the lack of transparent pricing, requiring potential clients to reach out to sales representatives for personalized quotes. This lack of upfront pricing information can be a hurdle for some businesses, especially smaller ones that may not have the time or resources to engage in lengthy sales conversations. Despite this drawback, Velocity Global's ability to streamline global hiring, ensure compliance with international labor laws, and provide top-notch support makes it a compelling choice for businesses of all sizes looking to expand their workforce internationally.

Key Features

Notable Velocity Global features include:

Global Payroll Management: Streamlines payroll processes across multiple countries, ensuring compliance with local regulations.
Compliance Assurance: Provides expertise in local labor laws and tax regulations to mitigate compliance risks.
Onboarding and Offboarding: Facilitates smooth transitions for employees entering or exiting the company, with tailored processes for each country.
Benefits Administration: Manages employee benefits packages, including health insurance and retirement plans, tailored to local standards.
HR Support: Offers dedicated HR support to handle employee queries and issues, ensuring a seamless experience.
Time and Attendance Tracking: Integrates time-tracking tools to monitor employee hours and attendance accurately.
Expense Management: Simplifies the process of tracking and reimbursing employee expenses, with detailed reporting capabilities.
Data Security: Implements robust security measures to protect sensitive employee and company data.
Custom Reporting: Provides customizable reports to give insights into workforce metrics and financial data.
Integration Capabilities: Seamlessly integrates with existing HR and payroll systems for a unified workflow.
Employee Self-Service Portal: Empowers employees to access their payroll, benefits, and personal information through a secure online portal.
Multi-Currency Support: Handles payroll and expenses in various currencies, accommodating global financial operations.
Legal Entity Setup: Assists in establishing legal entities in new markets, reducing the complexity of international expansion.
24/7 Customer Support: Provides round-the-clock assistance to address any issues or concerns promptly.
Scalability: Adapts to the growing needs of businesses, whether expanding into new regions or increasing workforce size.