Oyster is a global employment platform. It lets companies pay international contractors and hire employees abroad through its employer of record service, handling local payroll and compliance.
Oyster drafts employment agreements that fit local rules, and new team members enter their details and sign in the app with help from country specialists. Payroll goes out in each person’s local currency with the right deductions, and benefits packages, listed as an add-on, can be set to fit each country’s requirements. You can approve leave requests, track vacation balances and manage bonuses, allowances, expenses and pay changes. Oyster specialists handle compliant terminations and track final pay.
Oyster says it helps businesses run distributed teams. Companies can use it to test new talent markets, and teams already with another employer of record provider can move to Oyster. A Visa Sponsorship add-on helps you sponsor visas and relocate employees. Planning tools on its site include an employment cost calculator, a misclassification analyzer, a contractor versus employee analyzer and a time zone crossover calculator for picking hiring locations.
Oyster syncs team member records with HRIS tools such as Hibob and BambooHR, and it imports new-hire data from Greenhouse and BambooHR’s ATS. Invoices you approve in Oyster show up automatically in QuickBooks Online or Xero. The Oyster API moves payroll, time off and expenses data to other tools, and software companies can embed Oyster’s employment features in their own products. Oyster says its support is human and led by experts.
Employer of record covers employees in countries where you have no local entity. Current prices are in the pricing box above.