Enhanced salary research and misclassification protection: June product updates

See what’s new this month.

Oyster Product Updates: June 2024

Our priority is to transform global employment from something daunting and overwhelming into an understandable and manageable part of your workforce strategy. This month, we're happy to share improvements that’ll help you land on the correct compensation for that new global hire and avoid potentially big and nasty fines connected to contractor misclassification.

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

  • A new salary insights tool
  • Contractor misclassification protection with Oyster Shell

Streamline your salary search with automated job matching

Looking to make a new hire but can’t figure out an appropriate, location-specific salary for the role? Don’t worry—our intelligent Salary Insights Tool provides tailored suggestions, linking your search terms with closely aligned job titles from our database. Save valuable time on your compensation research with our enhanced Salary Insights Tool!

Protect yourself from contractor misclassification with Oyster Shell

Oyster is here to simplify global employment, including the risk that can come along with it. That’s why we’ve launched Oyster Shell, an easy solution to protect your company from misclassification risks when hiring a contractor through the Oyster platform.

Subscribe today and be covered for claims or losses up to $50,000 USD for an individual claim with an aggregate limit of $500,000 USD per customer.

What else is new?

Self serve payroll information updates in Global Payroll: Updating Team Member information—such as compensation, position details, bonus, commission, and allowances— in our Global Payroll product now only takes a few clicks. Simply outline what needs to change and the date it should be effective from and we’ll take care of the rest. Learn more.

Get early access to Oyster’s Compliance Checker: We’ve been reimagining how companies ensure employment compliance for their entire global workforce. Now, we’re excited to unveil our latest innovation: the Compliance Checker. As valued customers, you’re invited to join our exclusive beta. Keen to experience a whole new way of staying compliant? Get early access.

Get early access to Oyster’s Talent Sense: In an effort to help you build your global hiring plan and optimize your budget, we are building something new: Talent Sense. Access AI-powered tools and expert resources to streamline your hiring process like never before. Learn more.

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

FAQ’s

What is an EOR?

An employer of record (EOR) is an entity that legally employs workers on behalf of another business. An EOR takes full responsibility for all aspects of employment, including compliance, payroll, taxes, and benefits.

Is it hard to switch from another EOR provider?

Switching from one employer of record partner to another can be seamless with the right planning and support.

Oyster offers a dedicated team of specialists who guide you through the process compliantly, while keeping your team members’ experience at the center.

What is an EOR in payroll?

An employer of record is an entity that employs workers on behalf of another business. An EOR partner takes on the responsibility of many HR services, including payroll administration. When you work with an EOR partner to employ global talent, you provide funds to the EOR and they will handle salary disbursement, ensuring proper tax withholding, social security contributions, and retirement account funding.

Oyster Team

Oyster is a global employment platform designed to enable visionary HR leaders to find, engage, pay, manage, develop, and take care of a thriving distributed workforce.

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About Oyster

Oyster is a global employment platform designed to enable visionary HR leaders to find, engage, pay, manage, develop, and take care of a thriving distributed workforce. Oyster lets growing companies give valued international team members the experience they deserve, without the usual headaches and expense.

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