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Sep 25, 2023

The Top Papaya Global Competitors and Alternatives for 2023

The Top Papaya Global Competitors and Alternatives for 2023 Your email has been

The Top Papaya Global Competitors and Alternatives for 2023

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Find the best Papaya Global alternative for your business in 2023. We review the top competitors to help you choose the right payroll solution for your company.

From startups to Fortune 100 companies that operate internationally and have offices in multiple locations, Papaya Global fills a much-needed gap in the professional employer organization software market.

While most PEO vendors offer international payrolls — often through integrations — Papaya specializes in this area. Additionally, it provides HR advanced tools, tax, compliance, reports and more, helping businesses hire, pay and meet local laws in over 160 countries.

As HR teams modernize and transform to leverage the benefits of data-driven cloud platforms, the demand for PEO software increases. Growth Market Reports valued the PEO market in 2021 at $56.5 billion and projected it to surpass $139.7 billion by 2030, expanding at a CAGR of 10.9%.

SEE: Discover the best PEO companies of 2023.

There are several factors driving the growth of the PEO market. These include the rising need for cost-optimizing administrative and management services, as well as demands to keep up to date with innovative technology for payroll, finance and taxation. Additionally, the ability of HR teams to attract and retain talent, while managing risk mitigation, is enhanced with PEO tools.

In this dynamic market landscape, Papaya Global competes with top vendors and their solutions, such as Oyster, Rippling, ADP Vantage HCM, Blue Marble Payroll, Velocity Global and Safeguard Global.

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Managing global workforces and meeting compliance can be tricky. Companies must either register a local entity, use employer of record or classify workers as independent contractors. This is where Oyster comes in. The platform enables companies to manage all HR aspects without setting up business entities in the country where they are operating. Oyster offers support for more than 180 countries. While it is a robust, modern, integral and easy-to-use centralized cloud HR platform with global reach, Oyster is among the most expensive global PEO vendors.

Oyster offers three packages. The base plan, Contractor, starts at $29 per contractor/month and has limited features. The second plan Oyster offers is Employee, starting at $599 per employee/month billed monthly. This plan comes with all the perks and benefits employees have over contractors.

Companies can also buy into the Scale package and customize their plan. The price of the Scale plan varies depending on clients’ demand. To know more about the plan, companies must contact Oyster representatives. The company offers a free trial with limitations.

Rippling introduced its global payroll and HR features in 2022 after consolidating its operations and reputation in the U.S. The platform is known for its automated, innovative tools that eliminate manual work and for being the only PEO solution that provides HR, IT and finance clouds. With the IT cloud, companies can manage employees’ apps, devices, data and security, no matter where they are.

The downside of Rippling is that it only offers international payroll and compliance support in 50 countries. Additionally, despite offering a wide range of analytics and reports, its global offering is not as advanced as Papaya Global. Rippling has 4.9 out of 5 stars on Trustpilot.

Rippling starts at $8 a month per user. However, users must get price quotes, as each company must decide which service, cloud and features they want to use. The unity core platform is mandatory for all plans, while IT, finance and HR cloud features are optional.

For more information, read the full Rippling review.

ADP is a leading cloud-based human capital management solutions provider. Most of the company's clients are large U.S.-based multinational businesses. It offers a comprehensive suite of services that span the entire employee lifecycle. Its top features include advanced tools for national and global payroll and talent and tax and benefits administration. ADP has been in the business for over 70 years and has more than 800,000 clients in 140 countries.

ADP can be an expensive platform for small companies looking to scale. Different aggregate review sites ensure their plans start at $79 per month plus $4 per employee. However, ADP does not openly disclose the price of its plan on its website. To get a quote customers must go to their website, choose between the Essential, Enhanced, Complete or HR Pro plans and answer questions about their company. ADP does not offer a free trial.

Blue Marble Payroll is a global payroll solution provider that helps companies expand their business overseas with simplicity. It can operate in over 145 countries. Blue Marble Payroll offers global payroll solutions, as well as accounting, tax, finance and HR services. The platform also provides customized monthly reporting, real-time access to payroll data across all countries and compliance features to meet local tax and labor laws.

Blue Marble does not provide prices online. Customers need to contact the company for price quotes.

Velocity Global makes global operations simple through its EOR solution. Besides the standard features most global PEO vendors offer, Velocity Global supports global immigration and independent contractor compliance and consulting. With the platform, companies can access over 185 countries and territories, reduce costs and risks and accelerate global growth.

Velocity Global doesn't provide pricing information on its website and requires users to request a quote based on their operations. Velocity Global doesn't offer a free trial or a demo.

With managed payroll, global employment outsourcing and global talent acquisition, Safeguard Global helps companies optimize global workforce strategy. The company provides global payroll and workforce management solutions, as well as support for local labor laws, tax regulations and compliance requirements in over 170 countries.

Safeguard Global is different from other companies because it combines technology with expertise and services for companies to rapidly scale internationally. The platform is mainly used by companies with large workforces that generate millions of dollars a month in revenue.

Safeguard does not provide the cost of plans online, or a free trial.

Companies scale internationally and hire global workers for different reasons. These include cost, diversity, talent, or breaking into new markets. PEO vendors can facilitate international business goals and targets by providing modern, data-driven cloud platforms to increase performance, streamline processes and prevent security and compliance risks. When choosing which technology is the best fit, several essential features need to be evaluated with care.

Global payroll technologies are always built into international PEO vendors’ solutions. However, the interface and capabilities may differ significantly depending on the platform. The leading providers offer automated payroll, flexible and unlimited pay runs, diverse payment options, reports and high visibility. Time and attendance tech that can sync to payroll and HR systems are also vital.

Navigating tax, HR and payroll compliance in different countries can be highly complex. When looking for a global PEO solution, companies should look for advanced compliance and benefits for the country, or countries, in which they will operate.

There are countless things that can go wrong when a company manages a large international workforce. This is why the leading PEO vendors offer in-country or global HR, payroll and compliance experts to support companies anytime.

Customer support is essential, not only for accounting, finance and HR teams, but for company workers as well. Vendors offering 24/7, multi-language support via email, chat or phone have a competitive advantage.

Global PEO vendors have a wide range of technologies in place for payroll, tax and compliance. However, HR tools are also necessary. While most offer basic hiring, onboarding and reports, others go further and provide tools that can be used to establish company culture and policies, create communication channels between HR and workers and promote career growth to retain talent.

The answer to this question will depend on several things. The first and more relevant is the opinion of your HR, accounting, IT and finance teams. They are the ones who will be using the software. Other factors are also critical. For instance, it's important always to check if the platform offers support for the country or countries in which you operate. Remember that some vendors will offer global payroll support, but limited compliance tools.

The size of your company and your budget should also be considered. Some platforms are specialized and designed for multinational corporations and offer highly advanced tools that your company may not require. Other platforms are user-friendly, do all the basic operations and more, but carry an accessible price for startups.

Trying out the software is an excellent way to test-drive it. Unfortunately, most of the companies listed in this report do not offer free trials.

To write our review and evaluate the top Papaya Global competitors and alternatives, we examined sites that compile aggregate data based on verified user reviews, such as Trustpilot, Gartner Peer Insights and others. We also reviewed demos on vendor sites, test-drove the software when possible and scoured through the official sites of each vendor to evaluate their software features, customer service, user-friendliness, price and scalability.

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