Velocity Global Secures Top Spot in Everest Group's EOR Solutions Ranking for Third Consecutive Year
October 30th, 2024 6:00 PM
By: Advos Staff Reporter
Velocity Global has been named a Leader in Everest Group's 2023 PEAK Matrix® Assessment for Employer of Record Solutions for the third year in a row, highlighting its continued innovation and impact in global workforce management.
Velocity Global, a leading provider of global workforce management solutions, has once again been recognized 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 accolade, solidifying its position as a key player in the industry.
The assessment, which evaluated 23 EOR solution providers, focused on their vision, capabilities, and market impact in 2023. Velocity Global's consistent success in this ranking underscores its commitment to innovation and its ability to meet the evolving needs of businesses expanding internationally.
Priyanka Mitra, Vice President at Everest Group, highlighted Velocity Global's comprehensive services, local expertise across multiple geographies, and focus on compliance as key factors in its leadership position. The company's continuous investment in advanced analytics, technology sophistication, and customer experience improvement were also noted as aligning well with market expectations.
Velocity Global's Global Work Platform™ offers a unique combination of technology and expertise, enabling businesses to hire, manage, pay, and retain a global workforce across 185+ countries. The platform's self-service functionality, coupled with deep legal and HR expertise, ensures compliance and streamlines global expansion processes.
The company's recognition as a Leader is particularly significant in the context of the growing importance of global workforce solutions. As businesses increasingly seek to tap into international talent pools and expand their operations globally, EOR solutions like those offered by Velocity Global play a crucial role in facilitating compliant and efficient cross-border hiring and management.
Francoise Brougher, CEO of Velocity Global, emphasized the company's focus on providing not just speed, but also a frictionless user experience and reliable compliance. This approach allows businesses to concentrate on growth while navigating the complexities of global workforce management.
This latest recognition reinforces Velocity Global's position as a trusted partner for businesses of all sizes looking to scale internationally. As the global workforce continues to evolve, the company's continued leadership in EOR solutions is likely to play a significant role in shaping the future of work across borders.
Source Statement
This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,