Oyster is an automated global employment platform that enables companies to hire, manage, and pay employees and contractors in over 180 countries without the need to establish local entities. By providing compliant employment agreements, payroll processing in 140+ currencies, and localized benefits packages, Oyster simplifies the complexities of international hiring and ensures adherence to local labor laws.
Funding
$288.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Companies face significant challenges when hiring employees and contractors internationally, including navigating complex local labor laws, managing payroll in multiple currencies, and providing competitive benefits packages, often requiring the establishment of local entities. This complexity increases administrative overhead, costs, and the risk of non-compliance.
Solution
Oyster is a global employment platform that automates international hiring, payroll, and compliance, enabling companies to build global teams without setting up local entities. The platform provides tools to create compliant employment agreements and contractor contracts, manage payroll in over 140 currencies, and offer localized benefits packages. By centralizing these processes, Oyster simplifies global employment, reduces administrative burdens, and ensures adherence to local regulations, allowing companies to access global talent quickly and compliantly.
Target Audience
Oyster's primary customers are HR leaders, founders, and people operations teams at companies of all sizes looking to hire and manage employees and contractors internationally without establishing local entities.
Features
- Compliant employment agreements and contractor contracts generation in 180+ countries
- Global payroll processing in 140+ currencies, including automated tax calculations and compliance
- Localized benefits packages tailored to specific markets to attract and retain talent
- Integration with existing HR tech stacks via API for streamlined workflows
- Employment Cost Calculator to estimate taxes and costs associated with global hiring
- Contractor conversion tools to compliantly transition contractors to full-time employees
- Time and expense tracking for accurate payroll and project management
- Global relocation contract management