Let’s talk efficiency: September product updates

See what's new this month.

Oyster Product Updates: September 2024

Oyster was built to help you scale and we continue to launch new functionality that will help you do exactly that! With this month’s product updates, we’re making your life (and your workload) easier with exciting news about our expanding global payroll coverage and automated workflows within the platform.

Let’s dive into our roundup for the month:

  • Pay your direct employees in 20 countries
  • Offboard Team Members from your platform of choice 
  • View your payroll entity information in Oyster

Pay your direct employees in 20 countries

Our global payroll product is now available in Belgium, Italy, Netherlands, Portugal, and Switzerland, bringing total coverage to 20 countries. Don’t waste time using multiple payroll solutions. Use one platform to swiftly run payroll for your employees around the world.

Unlock Salary Insights with a free trial

Unlock global compensation data with our 14-day free trial of the Salary Insights Tool! Explore benchmarks to pay fairly worldwide, with no commitments or automatic charges.

What’s included:

  • Benchmark salaries across 130+ countries with Oyster Pay Bands to attract and retain top talent.
  • Access salary, benefits, and equity information, all in one place.
  • Craft attractive, sustainable, and scalable compensation packages.

Offboard Team Members from your platform of choice 

Avoid manual and repetitive steps when offboarding your team members. With our offboarding API, you can manage the entire offboarding process from your platform of choice, and your changes will be synced to Oyster.

View your payroll entity information in Oyster

Keep your company information centralized and easy to access. You can view your essential payroll entity information right on the Oyster platform. 

What else is new?

Improved Employment Terms Comparator

Did you know that Oyster has a tool for comparing statutory employment rules across different countries? We recently fine-tuned it to make the comparison even more intuitive. Try it out here.

Multiple engagements from a single login

Great news for our team members and contractors engaged by Oyster in multiple opportunities or who have had a major change in the way they are employed. You can now use one single login.

Series D funding secured!

Exciting news! Oyster has successfully raised $59 million in Series D funding, with participation from existing investors. 

We want to thank you for being a customer and continuing to grow with us. Your support over the years has been invaluable in helping us bring our mission to life: making it possible for companies everywhere to hire people anywhere. Together, we can create a more sustainable and equitable future for all.

Celebrate with us! Join us on LinkedIn on at 10 a.m. PT / 1 p.m. ET. where we’ll discuss Oyster’s impact and where we’re going next with another $59M of rocket fuel. 🚀

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.

Oyster's logo - green, oval-shaped letter O

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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Whether you stumbled across an amazing developer based in Argentina, or you’ve had your eyes set on building a fully distributed team all along, Oyster makes it easy to go global your way.

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Whether you stumbled across an amazing developer based in Argentina, or you’ve had your eyes set on building a fully distributed team all along, Oyster makes it easy to go global your way.

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