When hiring contractors, companies are often under pressure to either put up with lengthy onboarding processes or hire quickly at the risk of compliance and payment accuracy issues. Contractors also face unnecessary stress, wondering when and how they'll be paid for their work.
At Oyster, we believe that companies should be able to hire and pay their contractors anywhere in the world, using any currency and with a transparent currency exchange rate. Likewise, contractors should be able to focus on the job they were hired to do, instead of worrying about being paid on time.
Oyster’s new Contractor product solves these problems by providing a speedy, streamlined experience for both companies and contractors. Instead of days, onboarding new contractors now only takes a few minutes. The new Contractor product also enables smooth processes across hiring, paying, and tax compliance, including providing relevant forms such as the U.S. IRS’ Form 1099.
With Oyster you can engage contractors who live in countries outside of where your company maintains its entities—for example, a U.S.-based company engaging with contractors in Spain. Similarly, Oyster’s Contractor product can also support companies that wish to engage in-country contractors, such as a U.S.-based company engaging a U.S.-based contractor.
Providing everyone access to great job opportunities, irrespective of location, is key to the work revolution we’re all living in today. Accessing the global talent pool, however, can be particularly challenging for companies hiring contractors. With Oyster’s new Contractor product, both contractors and companies can put their minds at ease, knowing they will have a smooth and seamless experience. This follows our commitment to democratizing access to both talent and careers globally.
Oyster is a global employment platform designed to enable visionary HR leaders to find, hire, 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.
Oyster enables hiring anywhere in the world—with reliable, compliant payroll, and great local benefits and perks.