Oyster
Oyster is an HR platform designed for globally-distributed companies. It streamlines the process of hiring, paying, and managing benefits for international teams.
About Oyster
Oyster provides a comprehensive HR platform specifically tailored for organizations operating with a global, distributed workforce. The platform simplifies complex international employment logistics, enabling companies to seamlessly hire, manage payroll, and administer benefits for employees located across various borders. By centralizing these functions, Oyster aims to make global team management straightforward and compliant. This allows businesses to focus on growth while ensuring their international team members are properly supported.
Key Features
Global Hiring Compliance
Oyster helps companies navigate the complexities of international hiring by ensuring compliance with local labor laws and regulations across various countries.
Streamlined Payroll and Payments
The platform automates the process of paying international employees and contractors accurately and on time, handling currency conversions and local tax requirements.
International Benefits Management
Oyster offers a marketplace of localized benefits packages, allowing companies to provide competitive and compliant benefits to their global workforce.
Contractor Management
It provides tools to easily onboard, manage contracts for, and pay international independent contractors, simplifying the often-cumbersome process.
Team Management Dashboard
Users get a centralized dashboard to view and manage their entire global team, including full-time employees and contractors, in one place.
Use Cases
Hiring Talent Globally Without Entity Setup
Companies can hire top talent in countries where they do not have a legal entity, using Oyster's Employer of Record (EOR) services to remain compliant.
Simplifying International Payroll for Remote Teams
HR and finance teams can use Oyster to consolidate and automate payroll for employees spread across multiple countries, reducing manual administrative work.
Offering Competitive International Benefits
Businesses can attract and retain global talent by offering localized, high-quality benefits packages that are tailored to the specific needs of employees in different regions.
Managing Global Contractor Compliance
Organizations can ensure that their agreements and payments to international freelancers and contractors adhere to local regulations, mitigating compliance risks.
Standardizing HR Processes for Distributed Workforces
HR departments can establish consistent onboarding, management, and offboarding processes for all employees, regardless of their physical location.
Frequently Asked Questions
How does Oyster handle local employment law compliance?
Oyster utilizes its Employer of Record (EOR) network and expertise to ensure that all employment contracts, payroll deductions, and statutory requirements comply with the specific labor laws of the country where the employee is based.
Can I hire contractors through Oyster?
Yes, Oyster provides tools and services specifically designed to manage the onboarding, contracting, and payment process for international independent contractors, ensuring proper classification and compliance.
What types of benefits can I offer through Oyster?
Oyster provides access to a marketplace of localized benefits packages, allowing you to select and offer benefits such as health insurance, retirement plans, and other perks relevant to your employees' specific locations.
Is Oyster suitable for small startups or only large enterprises?
Oyster is designed to scale, making it suitable for startups looking to hire internationally from day one, as well as larger, established companies managing growing global teams.
What currencies does Oyster support for payments?
Oyster automates payments in the local currency of the employee or contractor, handling the necessary currency conversions from the company's base currency.