Oyster is a distributed talent management platform that is rapidly revolutionising the way companies access the global talent market. With Oyster companies can hire employees compliantly around the world both as full-time employees and contractors.
How do you guys handle expenses as an intermediary? For instance, Upwork issues invoices from their corporate entity which represents a traditional B2B relationship in some countries. How do you account for payroll paperwork-wise?
@no_fear_inc Great question.
We handle expenses for employees as a simple adjustment to net pay. Our interface lets the employee submit their expenses which the hiring manager or people team can approve. There’s no “paperwork".
Hit me up with more questions: maggie @ oysterhr.com
Hey PH! Oyster is on a mission to help with painless international hires. An impressive team is successfully tackling an ambitious goal. I'm impressed, check them out :)
We're so thrilled to bring this next version of Oyster® to you!
Oyster 2.0 includes both new features and capabilities as well as new pricing options that make it easier than ever for your people team to make the globally-distributed dream a reality.
See:
https://www.oysterhr.com/how-it-...https://www.oysterhr.com/contractorhttps://www.oysterhr.com/hirehttps://www.oysterhr.com/pricing
We created Oyster to make it easy for growing, people-centric companies to tap the global talent pool and to give each remote team member a fantastic employment experience, no matter where they live.
If more companies can hire more people remotely in all the countries where talented people live, this will accelerate the rate at which great ideas get worked on, and therefore will accelerate the rate at which we can advance humanity.
In addition, by greatly accelerating the adoption of remote working, the pandemic has opened the door to closing the multi-trillion dollar talent gap, reversing the trend on global economic inequality, and offers several ways to ease back on the out-of-control abuse of the environment.
We MUST seize this opportunity for change with all our energy!
See: https://www.oysterhr.com/impact-...
🙏
Jack Mardack
This product looks well thought, and it's definitely needed right now. I'm just curious to know if the fees wouldn't dissuade an employer from hiring internationally for instance. Unless the company has high revenues, I don't know if small and medium-sized ones could afford or be willing to spend $700 monthly, as we can see on picture 3. Am I wrong? So who is this product for?
@rubenwolff hey Ruben -- I can answer from my perspective. If you can afford to hire a remote employee and pay them a full time salary in their home country then the $700 justifies itself. Think of the alternative. The price is the same ballpark for all similar PEOs. I think this will work well till we are ready to hire a critical mass number of employees in that country.
@rubenwolff Great questions.
Agree with @sumit that the typical cost of the alternatives is quite expensive and usually a good bit slower to hire and onboard
A couple other things worth noting on pricing:
- Price ranges depending on the risk of employing in that country and is either $399 or $699 (check out the full list here: oysterhr.com/country-availability).
- Plus we offer special discounts for lower salaries employees in emerging economies. We do that to incentivize companies to hire in emerging economies and not worry about cross border HR needs.
- Unlike other HR software, Oyster is a full stack offering that includes the actual employment, the compliance, and the payroll.
- We manage employment entities in over 90 countries so customers don't have to.
Hope this is helpful! Happy to answer more questions anytime: maggie@oysterhr.com
@soorajchandran_@nikhil_p_sathyanathan Same here, @nikhil! Before I was employed through Oyster, I officially a contractor but acting as a full-timer, just without all the perks and benefits. Game changer!
I graduated from Remote Ready course. Content was great. I can easily recommend to anyone. I'm sure Oyster will be very successful company in the distributed talent management.
@nazim_m Yes, great question.
Local compliance guardrails built into the Oyster platform make sure your employment agreements are legally compliant with local labor laws and give your a business the legal protections you need.
When you hire with Oyster, you'll input some personal and compensation details and the platform will generate a compliant contract, based on the new hires country of residence, tax requirements, etc.
You can get a taste of what it's like with our Employment Cost Calculator: https://app.oysterhr.com/cost-ca...
Happy to answer more questions, anytime. maggie @ oysterhr.com
Hi folks, we at Oyster are excited to share with you all Oyster 2.0 and would really appreciate your feedback!
Back Story 📖
Since the pandemic, the world witnessed a historic shift in how we work. In reality however, this shift has been happening long before Covid-19.
Thanks to the significant leaps made in the digitisation of the workspace in recent years, working from anywhere quickly became a reality for many people.
In anticipation of this inevitable shift, I sought to provide, together with my business partner Jack Mardack, an opportunity for companies to hire otherwise untapped talent from around the globe in a seamless manner.
What we did not predict, however, was how rapid this shift would come along as a result of the pandemic. Since then, we realised just how important our mission was, and how much there is to do!
Consider this: an estimated 1.5 billion knowledge workers are coming into the workforce in the next 10 years, mostly from emerging economies, while in developed economies there are some 90 million jobs unfilled. This is where Oyster comes into play.
About the product 🔍
Oyster is a distributed talent management platform that is rapidly revolutionising the way companies access the global talent market.
Our platform makes it incredibly easy to be organised. It’s the one place for all:
✅Documents
✅Onboarding info
✅Benefits
✅Payroll
✅Compliance
And much (much) more🤯
How it helps you 👍
Oyster enables companies to hire employees compliantly around the world both as full time employees and as contractors.
This allows you to grow your organisation using the Oyster Infrastructure, look after your remote employees leveraging the platform's benefits offering, and make your remote workforce your most productive asset.
About our Mission🚀
The mission is simple: Close the geographic gap between great job opportunities and talented individuals. We as a society simply cannot afford to return to old employment dynamics, where businesses must either source talent from a local and more expensive talent pool or pay high costs to hire internationally.
With Oyster, jobs can continue to be evenly distributed across the globe resulting in reduced burden on over-crowded cities, increase in sustainability and quality of life and a positive environmental impact.
Get hiring today! 🤝
Get started(https://app.oysterhr.com/) to see how Oyster unlocks a whole new world of talent for your business
Thank you 🙏
Please share your comments and feedback below, we look forward to reading them!
This is amazing! I used to work for a US company but I was being "hired" and paid by an intermediate who would take 30/40% of my hourly rate just because cross border hiring is considered to be something "hard" to do.
Beta Testers Hub