Globalization Partners offers services as an Employer of Record (EOR), enabling businesses to hire employees globally without establishing a local entity. Their pricing is generally customized depending on the specific needs of the business, such as the country of employment, the number of employees or contractors, and the complexity of the services required. Here’s a breakdown of their typical pricing structure:
1. Employee Services
- Standard Fees: Globalization Partners generally charges a 15% fee on top of the employee’s gross salary. However, this fee can vary depending on the country of employment and the specific services you need.
- Minimum Fees: Some sources mention a minimum fee of around $1,500 per month per employee, though this can be influenced by the country and the level of service required.
- These fees include managing payroll, benefits, taxes, compliance, and local labor law adherence.
2. Contractor Services
- G-P Meridian Contractor: For businesses hiring international contractors, Globalization Partners charges $49 per contractor per month. This service includes contract management, invoicing, compliance, and other necessary administrative functions.
3. Additional Costs
- Onboarding and Recruitment: Globalization Partners may charge additional fees for recruitment, employee onboarding, background checks, and visa assistance. These services are typically priced separately and may be discussed directly with the company.
- Upfront Payment: Businesses may also need to provide a two-month advance payment to cover operational costs.
4. Payment Terms
- Payroll Deposit: A two-month advance payroll deposit is often required to cover the initial onboarding and administrative expenses.
Since Globalization Partners provides customized solutions, it is advisable to directly reach out to them for an accurate quote tailored to your specific business needs.