DEBUG: PAGE=domain, TITLE=Life & Annuities,ID=1443,TEMPLATE=subprogram
toggle expanded view
programcode = HAILAA
programid = 162
database = t
alerts = t
neat = t
vendors = t
forecasting = t
confidence = f
definitions = t

Search within: Life & Annuities:

Access our analyst expertise:

Only NelsonHall clients who are logged in have access to our analysts and advisors for their expert advice and opinion.

To find out more about how NelsonHall's analysts and sourcing advisors can assist you with your strategy and engagements, please contact our sales department here.

Subscribe to blogs & alerts:

manage email alerts using the form below, in order to be notified via email whenever we publish new content:

has Database = t

Contracts Database

for Life & Annuities

Track the pattern of service adoption by monitoring Life & Annuities contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

These documents are available to logged in clients that have purchased access to this program.

has Confidence = f -- IGNORED

Safeguard Global - Payroll Services 2022

Vendor Analysis

by Elizabeth Rennie

published on Aug 23, 2022

Access to this report is restricted to logged in clients with access. Login to get full access

Report Overview:

This NelsonHall vendor assessment analyzes Safeguard Global's offerings and capabilities in Payroll Services.

Who is this Report for:

NelsonHall’s Payroll Services profile on Safeguard Global is a comprehensive assessment of Safeguard Global's offerings and capabilities, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for security services RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the Payroll Services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Safeguard Global’s Payroll Services offerings and capabilities, and market and financial strengths, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location of delivery locations.

Key Findings & Highlights:

Safeguard Global, formed in 2006 and headquartered in Austin, Texas, is a global provider of managed payroll and employer of record services. Its business has the following divisions:

  • Global managed payroll services, with ~343 clients, servicing 148k employees and 2.3m payslips p.a.
  • Global employment outsourcing (Employee of Record, or EOR). EOR services include processing payroll alongside other HR processes, with ~ 930 clients, ~4,900 workers supported.

In January 2022, Safeguard Global acquired Global Upside Corporation, a comprehensive incorporation with services including PEO/EOR, accounting, HR, payroll, compliance, entity setup, and M&A services. The Global Upside EOR services include the running of payroll for EOR employees. The country footprint across both organizations is well aligned. This acquisition added ~500 employees to the 1,100 Safeguard Global employees to create a combined organization of ~1,600 employees. Global Upside is in the process of being rebranded as Safeguard Global, with completion expected at the end of Q3, 2022.

Today, Safeguard Global supports payroll services for ~343 clients and ~148k active employees across ~170 countries. It currently processes ~2.3m payslips annually, supported by ~730 payroll delivery employees. This profile focuses exclusively on Safeguard Global's Payroll Services offering and capability. Refer to the Safeguard Global-Next Generation Global Employer of Record (EOR) vendor profile available to NelsonHall subscribers for a more comprehensive profile of Safeguard Global's broader EOR offering.

Login to get full access:

close