Globalization Partners provides Employer of Record (EOR) services that allow businesses to hire employees and contractors internationally without establishing a local entity. Their pricing structure is not explicitly listed on their website, as it tends to vary depending on several factors such as the scope of services, the countries involved, the number of employees, and the complexity of the business’s needs.
Here’s an overview of their pricing:
1. Employee Services
- For full-time employees, Globalization Partners typically charges a percentage of the employee’s salary. Reports suggest this fee can be around 15% above the employee’s salary. There is also a minimum fee of $1,500 per employee per month.
- These fees cover payroll, benefits management, compliance with local labor laws, and other HR services.
- Pricing is customized based on the needs of the business, and you will need to request a quote for exact pricing.
2. Contractor Services
- For managing international contractors, Globalization Partners offers a service called G-P Meridian Contractor. The cost for this service starts at $49 per contractor per month.
- This service includes contract management, compliance assistance, invoicing, and other administrative functions related to contractor management.
3. Additional Costs
- Onboarding & Recruitment Fees: There may be additional charges for services such as recruitment, background checks, visa processing, and onboarding of employees or contractors.
- Service Customizations: If your business requires specialized services or additional legal assistance, those might incur extra costs.
4. Upfront Payments
- Globalization Partners usually requires a two-month advance payroll deposit when signing up for their services. This is to cover initial administrative and operational costs.
5. Custom Quotes
- Since the pricing varies widely based on specific needs, the most accurate way to get pricing is to contact Globalization Partners directly for a customized quote.
In summary, Globalization Partners charges a combination of employee salary-based fees (around 15% on top of the salary, with a minimum charge of $1,500 per month), and additional fees for contractor services and customized solutions. It’s essential to reach out to them directly for detailed and precise pricing tailored to your business needs.