Globalization Partners is an Employer of Record (EOR) service provider that allows businesses to hire employees globally without establishing local entities. Their pricing structure varies based on the services and countries involved, and it’s typically customized for each business. However, here are some general insights into their pricing:
1. Employee Services:
For companies hiring employees in different countries, Globalization Partners provides a range of services, including payroll, compliance, benefits management, and more. The pricing for these services is generally based on:
- Employee salary: Globalization Partners often charges a percentage fee based on the employee’s salary, typically around 15%.
- Base monthly fees: In addition to the percentage of salary, there may be additional base fees. For example, some reports suggest a minimum of $1,500 per employee per month for their services.
However, the precise pricing for employee services varies depending on the complexity and scale of the engagement, so businesses are encouraged to request customized quotes.
2. Contractor Services:
For businesses hiring international contractors, Globalization Partners offers a specialized service known as G-P Meridian Contractor. This service is priced at approximately:
- $49 per contractor per month.
This covers services like contract management, invoicing, and compliance support.
3. Additional Fees:
In addition to base service charges, Globalization Partners may charge extra for:
- Recruitment services (if you need assistance finding candidates).
- Visa and immigration services.
- Background checks.
- Other administrative or legal support, depending on the country and specific requirements.
These charges are usually not disclosed upfront on their website and are typically discussed on a case-by-case basis.
4. Upfront Costs:
Globalization Partners typically requires a two-month advance payroll deposit to cover initial operational costs. This helps ensure a smooth onboarding process.
Conclusion:
Globalization Partners’ fees are generally customized to suit the needs of the business and the countries involved. For a typical employee, you can expect to pay around 15% of the employee’s salary, with a minimum fee of $1,500 per month. For contractors, the cost is about $49 per month per contractor. Additional services like recruitment, immigration, and background checks will come with extra charges.
Since the pricing varies based on several factors, it is recommended to contact Globalization Partners directly to receive a detailed and accurate quote tailored to your business needs.