Oyster

Global employment platform for hiring talent

Charlotte, North Carolina, United States

About Oyster

OysterHR simplifies the hiring of international talent for businesses by providing a global employment platform. This platform allows companies to create compliant employment agreements, manage global payroll and benefits, and calculate employment costs quickly and efficiently. By automating these processes, OysterHR helps businesses expand their workforce across borders without needing to establish entities in foreign countries. This service is particularly useful for companies looking to fill roles rapidly and enter new markets within days. Unlike many competitors, OysterHR offers a cost-effective solution that is often cheaper than hiring external consultants for similar services. The goal of OysterHR is to make global hiring seamless and efficient while ensuring compliance and providing significant cost savings for businesses.

Charlotte, North CarolinaHeadquarters
2020Year Founded
$280.3MTotal Funding
LATE_VCCompany Stage
Consulting, Enterprise Software, LegalIndustries
501-1,000Employees

Benefits

Work from anywhere
Paid time off
Mental health support
Wellbeing allowance
Flexible parental leave
WFH stipend

Risks

Increased competition from Papaya Global may impact Oyster's market share.
Rapid expansion could lead to operational challenges and integration issues.
Potential legal challenges from contractor misclassification risks exist.

Differentiation

Oyster offers a comprehensive HR platform for globally distributed teams.
The platform ensures compliant payroll and local benefits for international hires.
Oyster's automated solution simplifies global hiring and employment agreements.

Upsides

Oyster received $59M Series D funding to expand its global employment platform.
Partnership with TriNet enhances Oyster's global workforce management capabilities.
Recognition on G2's Best Software Awards boosts Oyster's market credibility.