About Oyster

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.

```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Oyster offers tiered pricing plans based on the number of employees and contractors managed through the platform, with additional costs for add-ons like benefits administration and visa sponsorship. </revenue_model> ```

What does Oyster do?

Where is Oyster located?

Oyster is based in Charlotte, United States.

When was Oyster founded?

Oyster was founded in 2020.

How much funding has Oyster raised?

Oyster has raised 288200000.

Location

Charlotte, United States

Founded

2020

Funding

288200000

Employees

645 employees

Major Investors

ServiceNow Ventures

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Oyster

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Executive Summary

oysterhr.com 50K+

Crunchbase

Founded 2020 – Charlotte, United States

Funding

Estimated Funding

$200M+

Major Investors

ServiceNow Ventures

Team (500+)

No team information available.

Company Description

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.

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

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.

Revenue Model

Oyster offers tiered pricing plans based on the number of employees and contractors managed through the platform, with additional costs for add-ons like benefits administration and visa sponsorship.