Better contractor management, new benefits, and more: May product updates

See what's new this month.

Oyster Product Updates: May 2024

At Oyster, we're always working to solve the complex parts of global employment so you can benefit from the best parts—working with talent anywhere in the world. This month, we're happy to share improvements that'll make it easier to manage your contractors, offer new benefits to your team, and track time off more easily.

Let’s dive in to our roundup for the month:

  • Contractor product updates: Self-serve amendments and bulk actions on invoices and contracts
  • New local and global benefits packages 
  • Automated holiday carryovers in new countries

Amend contractor agreements in minutes and in bulk

Making changes to your contractor’s employment details is now easier and faster. You can make edits to several details, including job title, description, salary, and allowances, and generate an addendum directly in the platform. You can also make changes to job titles and salaries in bulk with a few easy clicks for both fixed and pay-as-you-go (PAYG) contractors.

Bulk actions for invoices

When dealing with a large number of invoices, time is crucial. You can now multi-select and bulk approve invoices in the Oyster platform with just a click.

Offer competitive benefits with these new updates

Offer locally competitive health benefits and wellness allowances to teams in Portugal and a new meal allowance add-on to teams in Romania. See all the countries where local benefits are available. We’ve also partnered with Allianz Health to offer life and disability insurance to your global teams. The coverage ranges from $100,000 to $200,000 based on the plan, and team members can be enrolled in 165+ countries.

Manage time off across across different vacation calendars with ease

Vacation carryover rules and vacation calendar periods vary from country to country, and aren’t always January 1–December 31. With the new automated carryover in the U.S. and the Netherlands, your team members can access their balance leaves and find out when they expire. Plus, you can process payroll compliantly and accurately.

Want to see these new features in action? Log in to Oyster to try them out yourself!

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