10 Top Global Employment Platforms (GEP) in India (2024)

Looking to hire top talent in India? Check out these 10 global employment platforms revolutionizing recruitment and workforce management in 2024!

Rise of Global Employment Platforms in India

According to a recent report by NITI Aayog, India's gig and platform economy is set to increase, with projections showing that the gig workforce will expand to 23.5 million workers by 2029-30. This workforce will account for 4.1% of India's total livelihoods, highlighting the increasing role of global employment platforms in driving job creation and workforce management across the country. 

From 2017 to 2022, India generated over 80 million employment opportunities, averaging more than 20 million jobs per year, despite challenges posed by the COVID-19 pandemic.

The rising adoption of digital platforms, urbanization, and the demand for flexible work arrangements largely drive this growth. By leveraging global employment platforms, businesses can streamline recruitment, ensure compliance with Indian labor laws, and efficiently manage remote teams. 

This article provides an in-depth analysis of the leading platforms facilitating global hiring and payroll management for businesses in India. It aims to guide businesses in selecting the most suitable platform to manage their international workforce effectively and compliantly.

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What is a Global Employment Platform?

A Global Employment Platform (GEP) is specialized software that enables companies to easily hire, manage, and pay employees across international borders. These platforms address the complexities associated with global hiring by providing a comprehensive suite of services that streamline compliance, payroll, and administrative tasks.

Traditionally, businesses faced significant hurdles when employing talent in different countries, often requiring local legal and tax expertise to navigate intricate labor laws and regulations. GEPs eliminate these barriers by acting as intermediaries handling all legal requirements, ensuring companies can engage talent without establishing local entities. 

Why Businesses Are Turning to Global Employment Platforms

1. Streamlining Recruitment:

A global employment platform allows you to tap into India's vast talent pool without the hassle of traditional recruitment methods. You can post jobs, screen candidates, and onboard employees in a fraction of the time.

• Access to a diverse range of candidates
• Automated job postings and resume tracking
• Faster time-to-hire with optimized processes

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2. Ensuring Compliance and Legal Management:

Hiring in India requires compliance with local labor laws, tax regulations, and employment contracts. A global employment platform ensures seamless compliance, avoiding fines and legal complications.

• Pre-verified employment contracts compliant with Indian labor standards
• Payroll processing aligned with Indian tax regulations
• Health insurance and other benefits administration

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3. Efficient Workforce Management for Remote Teams

After hiring, workforce management becomes the next challenge. With a GEP, tools like payroll processing and HR management are automated, ensuring smooth operations.

• Automated payroll and benefits processing
• Remote team equipment procurement and support
• Onboarding and offboarding management

Choosing the Right Global Employment Platform (GEP) for Your Business

The right GEP will streamline hiring, ensure compliance, and help you scale effectively. Here are the key factors you should consider when making your decision:

• Compliance Expertise: Ensure the platform manages contracts, payroll, and benefits according to Indian laws. A platform like Wisemonk offers pre-verified agreements, tax compliance, and benefits tailored to India's regulations.
• Ease of Use: Choose a platform that offers a simple, intuitive interface and responsive customer support. Look for features like automated onboarding and payroll processing to reduce your administrative workload.
• Cost Transparency: Make sure you understand the platform's pricing structure. Hidden fees can add up quickly. Wisemonk provides clear, transparent pricing, ensuring you get value without unexpected costs.
• Scalability: Your business needs may grow over time. Select a GEP that can scale with your business, whether you're hiring five employees or 500. Wisemonk offers solutions that adapt to your team size and growth needs.

For companies expanding in India, platforms like Wisemonk offer a hassle-free solution to hiring, payroll management, and regulatory compliance.

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A comprehensive review of the Top 10 GEPs in India 

This review compares India's top 10 Global Employment Platforms (GEPs), covering critical features like payroll services, compliance, benefits, and equipment management. It’s designed to help startups and established businesses identify the best platform for hiring and payroll in India.

Overview of Wisemonk: Your Trusted Global Employment Platform

Founded in 2020, Wisemonk is a prominent global employment platform that simplifies expanding teams in India, making it an ideal partner for businesses looking to hire top talent without the usual administrative complexities. 

As an Employer of Record (EOR), Wisemonk acts as the legal employer on behalf of companies, managing everything from recruitment to payroll while ensuring full compliance with local labor laws. You can hire top talent in India without the usual administrative headaches using their services.

Wisemonk has garnered positive feedback from various clients, including founders and HR leaders from fast-growing startups across the US, Europe, Southeast Asia, and Oceania.

Key Features of Wisemonk:

• EOR Services: Wisemonk manages employee contracts, onboarding, offboarding, and HR functions, keeping everything compliant with Indian labor laws.
• Payroll and Benefits: They handle payroll processing tax deductions and manage employee benefits like health insurance and paid time off.
• Equipment Procurement: Whether it's laptops or other tools, Wisemonk helps procure, lease, or purchase the necessary equipment for your remote team.
• Immigration Support: Wisemonk assists with work permits and visas, ensuring your international employees can work in India without hassle.

Ideal For:

• Startups: Companies looking for flexible and scalable hiring solutions in India without setting up a local entity.
• Mid-Sized Companies: Businesses needing comprehensive support for managing local labor laws, payroll, and employee benefits.
• Global Corporations: Large enterprises seeking to hire and manage remote teams in India with full legal compliance.

Customer Spotlight:

• "Wisemonk's affordable pricing and deep knowledge of Indian labor laws made expanding our remote team in India effortless. Their end-to-end services covered everything from compliance to equipment, allowing us to focus on growth."
• 4.8/5 on G2.

Overview of Remote

Remote is a comprehensive global employment platform tailored to facilitate the hiring, onboarding, and managing of remote teams across various countries. Launched in 2019, Remote has rapidly established itself as a leader in the Employer of Record (EOR) space, providing a unified solution for businesses looking to expand their workforce internationally without the complexities of setting up local entities.

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Key Features:

• Global Payroll Management: Simplifies payroll processes for employees in multiple countries while ensuring compliance with local regulations.
• Time Tracking: Provides tools for tracking employee hours, enhancing productivity and accountability.
• Compliance Management: Ensures adherence to local labor laws and tax regulations, reducing the risk of legal issues.
• Employee Onboarding: Streamlines the onboarding process for new hires, making it easier to integrate them into the team.

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Ideal For:

• Startups: Offers a straightforward solution for managing remote teams without the need for local entities.
• Mid-sized Companies: Provides scalable solutions to manage payroll and compliance as they expand globally.
• Large Enterprises: Supports complex organizational structures with extensive HR features and compliance capabilities.

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Customer Spotlight:

• Users appreciate Remote for its comprehensive approach to remote work management. One customer noted, “Remote has transformed our hiring process; we can now onboard employees in multiple countries seamlessly.” However, some users have suggested exploring alternatives for specific needs, indicating that while Remote is robust, it may not cover every unique requirement.
• 4.6/5 on G2.

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Overview of Deel

Deel is a leading global employment platform specializing in simplifying international hiring and compliance for businesses of all sizes. Founded in 2019, Deel has quickly established itself as a vital tool for companies looking to expand their workforce across borders. Operating in multiple countries, Deel provides a comprehensive suite of services tailored for independent contractors and full-time employees, ensuring that organizations can manage their global teams efficiently and compliantly.

Key Features:

• Global Payments: Facilitates secure international payments and payroll processing in over 150 countries.
• Compliance Solutions: Covers tax regulations and labor laws across various jurisdictions, minimizing legal risks.
• Contract Management: Streamlines contract generation and management for both employees and contractors.
• Equipment Management: Provides solutions for sourcing and managing remote work equipment globally.

Ideal For:

• Freelancers and Contractors: Offers an easy way to manage payments and contracts without complex setups.
• Companies with Global Teams: Ideal for businesses looking to hire internationally without establishing local entities.
• Startups: Simplifies the process of expanding teams globally while ensuring compliance.

Customer Spotlight:

• Deel has received positive feedback from users who praise its ease of use and efficiency. One user stated, “Deel makes it easy to send payments to international teams. It’s a great product!” This reflects Deel’s strong reputation among companies looking to streamline their global operations.
• 4.8/5 on G2.

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Overview of ADP TotalSource

ADP TotalSource is a comprehensive HR outsourcing solution designed to help businesses manage their workforce efficiently. It offers a full suite of services that include payroll processing, benefits administration, and compliance support, making it an invaluable resource for companies looking to streamline their HR functions.

ADP TotalSource integrates seamlessly with over 300 business software applications, allowing for efficient data management and reporting. 

Key Features:

• Payroll Processing: Automates payroll calculations and ensures timely employee payments.
• Benefits Administration: Offers a variety of employee benefits options tailored to different workforce needs.
• Compliance Support: Helps businesses navigate complex employment laws and regulations.
• HR Analytics: Provides insights into workforce data to inform strategic decision-making.

Ideal For:

• Small to Mid-sized Businesses: Offers scalable HR solutions that grow with the company.
• Companies Seeking Compliance Support: Ideal for organizations that require assistance navigating regulatory challenges.

Customer Spotlight:

• Customers appreciate ADP TotalSource's comprehensive service offerings. One client remarked, "ADP has simplified our HR processes significantly, allowing us to focus on growth rather than administrative tasks."
• 4.3/5 on G2.

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Overview of Oyster

Oyster is an innovative global employment platform that empowers companies to hire talent from anywhere in the world while ensuring compliance with local labor laws. Founded in 2020, Oyster has quickly established itself as a leader in the Employer of Record (EOR) space, operating in over 180 countries. This extensive reach allows businesses to tap into diverse talent pools without the need to set up local entities, simplifying the complexities associated with international hiring.

 Key Features:

• Employer of Record Services (EOR): Allows companies to hire employees in different countries without needing local entities.
• Global Payroll Management: Ensures accurate payroll processing across various jurisdictions.
• Talent Marketplace: Connects employers with a diverse pool of remote talent globally.
• Compliance Tools: Provides resources to help navigate local employment regulations.

Ideal For:

• Remote-first Companies: Perfect for organizations that prioritize hiring talent from diverse locations.
• Startups Looking to Scale Globally: Simplifies the complexities of international hiring.

Customer Spotlight:

• Oyster users highlight its efficiency in managing global teams. One user noted, “Oyster has made it possible for us to hire talent worldwide without the headaches of compliance.”
• 4.4/ 5 on G2.

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Overview of Rippling

Rippling is an all-in-one HR platform designed to streamline and automate various human resource functions, making it an ideal solution for businesses of all sizes. It integrates payroll, benefits administration, device management, and compliance into a single, cohesive system, eliminating the need for multiple software solutions and reducing administrative burdens.

Key Features:

• Unified HR Platform: Combines multiple HR functions into one platform for streamlined management.
• Device Management: Allows companies to manage employee devices easily alongside HR tasks.
• Payroll Automation: Automates payroll processing while ensuring compliance with tax regulations.
• Benefits Administration: Offers customizable benefits packages tailored to employee needs.

Ideal For:

• Growing Businesses: Suitable for companies looking for an integrated solution as they expand their workforce.
• Tech-savvy Organizations: Appeals to businesses that value technology-driven solutions in HR management.

Customer Spotlight:

• Users appreciate Rippling’s integration capabilities. A customer mentioned, “Rippling has transformed how we manage our HR processes; everything is in one place!”
• 4.8/5 on G2.

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Overview of Multiplier

Multiplier empowers companies to expand their global workforce by offering comprehensive and compliant employment solutions across numerous countries. It streamlines the process of hiring, managing, and paying international employees while ensuring compliance with local labor laws, tax regulations, and employment standards. 

Key Features:

• Global Employment Solutions: Facilitates hiring employees in different countries without establishing local entities.
• Payroll Processing: Ensures compliant payroll management across jurisdictions.
• Benefits Management: Offers competitive benefits packages tailored to local markets.
• Compliance Assistance: Helps navigate local labor laws and tax obligations.

Ideal For:

• Companies Expanding Internationally: Perfect for businesses looking to tap into global talent pools without complex setups.

Customer Spotlight:

• Customers commended Multiplier for its straightforward approach. One user stated, “Multiplier has made international hiring simple and hassle-free.”
• 4.7/5 on G2.

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Overview of Velocity Global

Velocity Global offers comprehensive global employment solutions designed to simplify the hiring and management of employees across the world while ensuring compliance with local laws and regulations. With a presence in over 185 countries, Velocity Global enables businesses to tap into a vast talent pool without the complexities associated with international hiring.

Key Features:

• Employer of Record Services (EOR): Allows companies to employ workers globally without needing a local entity.
• Global Payroll Management: Simplifies payroll processing across multiple countries.
• Compliance Support: Offers guidance on navigating complex employment regulations in various jurisdictions.

Ideal For:

• International Companies Seeking Flexibility: Suitable for organizations wanting a flexible approach to global hiring.

Customer Spotlight:

• Users appreciate Velocity Global's efficiency. A client shared, "Velocity Global has streamlined our international hiring process immensely."
• 4.7/5 on G2.

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Overview of Justworks

Justworks is a Professional Employer Organization (PEO) that simplifies HR tasks for small and medium-sized businesses by integrating payroll, benefits, compliance management, and employee support into a single platform. Founded in 2012, Justworks has positioned itself as a comprehensive solution that allows businesses to focus on growth while efficiently managing their HR responsibilities.

Key Features:

• Payroll Processing: Automates payroll calculations and tax filings efficiently.
• Employee Benefits Administration: Provides access to health insurance plans and other employee benefits at competitive rates.
• Compliance Assistance: Helps navigate federal and state employment laws effectively.

Ideal For:

• Small Businesses: Explicitly tailored for startups and small enterprises looking for comprehensive HR support.

Customer Spotlight:

• Clients value Justworks' supportive customer service. One user remarked, "Justworks has taken the stress out of managing our HR functions."
• 4.6/5 on G2.

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Overview of Papaya Global

Papaya Global specializes in comprehensive workforce management solutions that simplify the complexities of international hiring, payroll processing, and compliance management. Designed for businesses operating across borders, Papaya Global offers a robust platform that ensures compliance with local labor laws and payroll regulations in over 160 countries.

Key Features:

• Global Payroll Solutions: Manages payroll across multiple countries while ensuring compliance with local laws.
• Employer of Record Services (EOR): Enables companies to hire employees worldwide without setting up local entities.

Ideal For:

• Companies with Diverse Workforces: Best suited for organizations aiming to efficiently hire talent from various regions.

Customer Spotlight:

• Users appreciate Papaya Global's comprehensive service offerings. A client noted, "Papaya Global has made managing our international workforce seamless."
• 4.6/5 on G2.

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Comparison Table of the Top 10 Global Employment Platforms

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Why Choose Wisemonk?

Wisemonk’s comprehensive approach lets you focus on growing your business while it manages the administrative complexities. 

Here's why Wisemonk stands out as your preferred GEP:

1. Cost-Effective Solutions: Wisemonk is India's most affordable Employer of Record (EOR) service. With pricing starting at just $75 per employee per month, it offers small to medium-sized businesses a cost-efficient way to manage their workforce without breaking the bank.
2. Streamlined Processes: Wisemonk’s platform is designed with simplicity in mind. The user-friendly interface ensures businesses can easily handle onboarding, payroll, and compliance tasks. This allows you to concentrate on growth rather than being bogged down by administrative complexities.
3. Deep Local Expertise: Led by Indian professionals, Wisemonk profoundly understands the intricacies of Indian labor laws and tax regulations. This local knowledge guarantees that your business remains compliant while effectively managing your workforce in India.
4. Comprehensive Services: Wisemonk goes beyond traditional EOR services. In addition to handling employment matters, it offers equipment procurement, employee onboarding, and ongoing support. This ensures a seamless experience for both employers and employees.

Testimonials

Dan Sampson, Head of Engineering at Cobu

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Wisemonk helped Cobu understand their pricing model and assisted in sourcing top-qualified candidates. We facilitated the interview process and ensured a smooth onboarding experience. 

Krishna Ramachandran, Co-founder of Onform Inc.

Wisemonk helped Onform Inc. hire their first couple of founding engineers in record time, significantly accelerating their product roadmap and enhancing the value delivered to their customers. 

Transparent Pricing for Every Business

Wisemonk offers clear and flexible pricing plans designed to accommodate businesses of all sizes. Below are the available pricing tiers along with their key features:

What's Included?

• Your employees on our payroll
• Background verification and onboarding support
• Local payments in USD/AUD/EUR + 11 other currencies
• Unlimited expense reimbursements or bonus payouts
• Dedicated key account manager

Employee Perks

• Flexible Benefits plan for minimizing tax deductions
• Employee concierge for Travel and Expenses
• Dedicated local HRBP for employee assistance
• Individual tax-filing support

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Conclusion: Ready to Hire the Best Talent from India?

Wisemonk's comprehensive employment platform makes it easy to hire, pay, and manage your workforce in India without the hassle of setting up a local entity. Our team of experts is ready to guide you through every step of the process, ensuring a seamless global expansion experience.

Schedule a Demo to learn more about how Wisemonk can help you find and onboard top talent in India. Our personalized consultation will provide you with a customized solution tailored to your business needs.

Sign Up for Free and start exploring the possibilities of global employment. Our user-friendly platform offers a range of features, including payroll management, compliance support, and ongoing assistance, all designed to help you succeed in the Indian market.

Don't miss out on the opportunity to tap into the vast pool of skilled professionals in India. Partner with Wisemonk today and unlock the potential of your global workforce.

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Frequently Asked Questions

What is an Employer of Record (EOR) and how does it benefit my company?

An Employer of Record (EOR) is a service that allows companies to hire employees in countries where they don't have a legal entity. Wisemonk acts as the EOR in India, handling all legal and compliance aspects of employment. This benefits your company by enabling quick market entry, reducing compliance risks, and simplifying the hiring process in India.

How does Wisemonk ensure compliance with Indian labor laws and regulations?

Wisemonk has a team of local experts who stay up-to-date with Indian labor laws and regulations. We handle all aspects of compliance, including contract creation, payroll taxes, benefits administration, and regulatory filings. Our platform is regularly updated to reflect any changes in local laws, ensuring your company remains compliant at all times.

Can Wisemonk help with equipment procurement for our employees in India?

Yes, Wisemonk offers equipment procurement and leasing services. We can arrange for the purchase or lease of necessary equipment for your employees, including computers, phones, and other office supplies. We also offer zero-interest equipment procurement options, making it easy and cost-effective to set up your remote team in India.

How long does it take to onboard an employee through Wisemonk?

With Wisemonk's streamlined onboarding process, you can typically hire and onboard an employee in India within a few days to a week. The exact timeline may vary depending on the complexity of the role and any specific requirements, but our efficient system is designed to get your new hires up and running as quickly as possible.

How does Wisemonk handle payroll and taxes for employees in India?

Wisemonk manages the entire payroll process for your employees in India. This includes calculating salaries, deducting appropriate taxes, making social security contributions, and ensuring timely payments. We also provide pay slips and year-end tax documents to employees. Our tax optimization services ensure that both your company and your employees benefit from the most tax-efficient structures allowed by law.

What measures does Wisemonk take to ensure data security and privacy?

Wisemonk prioritizes data security and privacy. We use industry-standard encryption protocols, secure cloud storage, and regular security audits to protect your company and employee data. We are compliant with relevant data protection regulations and ensure that all data handling practices meet or exceed legal requirements in both India and internationally.

Can we transition employees hired through Wisemonk to our entity in the future?

Yes, Wisemonk supports the transition of employees to your legal entity when you're ready to establish one in India. We can assist with the transfer process, ensuring all legal and compliance aspects are handled correctly. This flexibility allows you to start hiring quickly with our EOR service and then smoothly transition to your operations when the time is right.

What kind of ongoing support does Wisemonk provide after employee onboarding?

Wisemonk offers continuous support throughout your engagement with us. This includes ongoing payroll management, compliance updates, employee relations support, and assistance with any HR-related queries or issues. Our team of experts is always available to help with any questions or concerns you may have about managing your workforce in India.

Still have questions? Request a demo