The human resources payroll software market is estimated at around a cool US$16 billion, and a challenge of that size attracts innovation.
We’re not the only players in the global payroll business, and we believe in giving credit where it’s due. Connecting across borders and keeping track of compliance, payroll taxes, and employment laws across multiple jurisdictions is a technological, legal and logistical challenge. Choosing one of the top international payroll processing providers on this list could allow small businesses and large enterprises alike to focus on growing while their global payroll solution needs are taken care of.
Here’s our own round-up of the top 5 global payroll solutions companies in 2024, using three main criteria:
- Global payroll coverage: How many different countries does the service provider open to you?
- Offering: Does the provider allow you to onboard both employees and international contractors?
- Customer service: Do you get ongoing customer support and up-to-date tech solutions to the problems you face?
Here’s the cheat-sheet version, in no particular order:
- Playroll
- Deel
- Remote
- OysterHR
- Papaya Global
Top 5 Global Payroll Processing Providers in 2024
These are the best global payroll companies that we think are knocking it out of the park in 2024.
Deel: The Rising Star In Payroll Services
Deel's acquisition of PaySpace and the impressive milestone of reaching $500 million in annual recurring revenue (ARR) underscore its ascent in the global payroll services market. This expansion broadens its geographic coverage, particularly in emerging markets like Africa and the Middle East. However, a critical examination of Deel's offerings, global payroll coverage, and customer service reveals areas of strength and potential concerns.
Remote: Tech-Focused Growth
Remote’s commitment to simplifying global employment through technological innovation is evident in the launch of its enhanced API, which integrates global payroll and employee management systems. This approach addresses operational challenges faced by companies with international workforces.
However, while Remote claims substantial global payroll coverage in over 150 countries, the effectiveness and reliability of such extensive service can vary depending on local regulations and the complexity of employment laws, which are not uniformly straightforward across different jurisdictions.
Papaya Global: Harnessing AI
Since its founding in 2016, Papaya Global has expanded its global footprint, serving customers in 160 countries and gaining recognition for its innovative solutions and customer-centric approach.
Moreover, Papaya Global supports the onboarding of both employees and international contractors, catering to diverse workforce needs. The company's proprietary technology platform, integrated with advanced AI, provides real-time analytics and customized reporting, enhancing the efficiency of payroll management.
However, amidst its accolades and strengths, Papaya Global has faced criticism from disgruntled customers regarding service quality and transparency. Recent reviews highlight concerns regarding unexpected transfer fees, unresponsive customer service during holiday periods, and inaccuracies in cost estimates, raising questions about the company's adherence to its claims of excellence.
OysterHR: Remote-first In Over 180 Countries
Oyster has established itself as a leader in global payroll and HR services, covering over 180 countries. Updates include the launch of Oyster Academy and new HR tools, supported by investments from PayPal Ventures and HR Tech Investments.
However, recent customer reviews highlight significant challenges faced by users. Many have reported issues with communication, especially regarding changes in service coverage, such as not managing locations like UAE directly. Delays in processing requests, unfulfilled promises regarding benefits packages, and difficulty in resolving issues efficiently have been common complaints.
These negative experiences indicate areas where Oyster needs to improve its service delivery and customer communication.
Playroll: Veteran Talent, Fresh Strategy
Needless to say, we’re taking notes at Playroll. We know our corner of the SaaS world and we’re driven to provide a payroll solution to every challenge. We’ve spent 25 years building our fully-owned global employment infrastructure as part of the VAT IT Group, which services half of all Fortune 500 companies.
That’s one of the reasons Playroll is so well positioned to navigate global payroll, at exactly the time when international payroll services are needed the most. We’re not an HRIS platform that doubles as an EOR. Instead, we focus on opening doors for you to hire international employees and pay international contractors anywhere you like, and stay compliant with local regulations throughout the relationship.
Playroll’s Global Payroll service platform offers a range of features, including automated payroll processes, benefits administration, compliance management, and more. The platform is easy to use and provides businesses with live access to their data. This enables businesses to stay up-to-date with their HR and payroll operations and make informed decisions about their international employees.
And while we offer a cutting-edge platform that provides state of the art data analytics and enterprise resource planning, we also understand the need for balance: we provide human support to help our clients make the most of our platform.
Friction-free global expansion
If you’re looking for global payroll solutions to kickstart your international expansion, there’s really only good news. With a wealth of the best international payroll service to choose from, you’re in a position to sift them all to find a solution that fits your needs.
At Playroll, we understand these challenges and are dedicated to providing businesses with a friction-free solution to global expansion. Our platform offers a range of features and services that make it easy for businesses to manage their international employees and comply with local regulations.
If you’re considering Playroll as your EOR or contractor management partner, it’s time to put us through our paces. Let’s talk about how we can power this new, exciting phase in the life of your small international business or large enterprise, for 2024 and beyond.