How we compare with competitors will vary. There is a 3 Cs approach we’ve put together from a high level approach.
You can see the presentation or speak to Tony for more context. And the call recording : password: X0%819cZ The second slide, also gives some high level comparisons to our 3 most commonly referenced competitors. (Note, some of this info if for internal awareness and not to be actively shared externally. If you’re unsure which info that is, speak to your manager)
The 3 Things Everyone Wants in an EOR
Cost - Clear, transparent, pricing (e.g. Boundless % of monthly payroll) Countries - a large variety of countries in the world live on their platform Compliance - fully compliant in all countries they operate in As of now, no EOR has all 3. So here are the options:
Boundless is the leader in Compliance + Cost transparency, as we diligently add more countries compliantly to our platform, without posting risks to our customers. We also offer unlimited HR + Payroll consultations, to ensure you have all the information and flexibility you need. We also only send one invoice a month, to make it easier for your finance team. Most EORs send multiple each month, which can become very frustrating for your accounts department. Most Silicon Valley backed EORs offer Countries & Cost as they don't appreciate the complexity with employment legislation/protection or are trying to "disrupt" the policies. Many are taking huge risks with compliance, either by ignoring it or being completely unaware. This puts their customers and employees at risk, especially in countries like France, Germany, Spain and most of Eastern Europe. The old school EORs who have very limited innovation, poor responsiveness offer Countries & generally (not always) Compliance. But they are also full of hidden fees such as onboarding fees, minimum headcount fees, bogus exchange rates, which mean they often average 3x the cost of Boundless in practice. When assessing an EOR has, we always recommend these 12 Questions to Ask an Employer of Record - and understand the 5 Common Problems with EORs -
High Level Comparison
