Vendor Analysis
published on Aug 02, 2023
Report Overview:
This NelsonHall vendor assessment analyzes Remote’s offerings and capabilities as a provider of global employer of record services.
Who is this Report for:
NelsonHall’s Global EOR profile on Remote is a comprehensive assessment of Remote’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of EOR services and identifying vendor suitability for Global EOR RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Global EOR sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Remote’s EOR offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, 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 centers.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes Remote’s EOR offerings and capabilities.
Remote is a technology-enabled global employer of record, payroll, benefits, and compliance services provider. The company was founded in 2019 by Job van der Voort and Marcelo Lebre to simplify how companies employ global talent. Remote is a fully distributed company with no physical headquarters. The company’s legal location of incorporation is in San Francisco, California.
Remote offers a global employment platform that comprises the following products and services:
- Employer of record
- Contractor management
- Global payroll
- Global HR
- Remote API
- Remote relocation
- Consulting services.
In addition to its HR product suite, Remote maintains a humanitarian focus. The company’s top business value is kindness. As such, Remote operates a series of partner programs to provide business expansion and talent acquisition consulting to targeted businesses and groups, including the following:
- Remote for Good is an initiative to help companies focused on social impact (i.e., charities, foundations)
- Remote for Refugees is a free service for employers hiring refugee talent
- Remote Partner Marketplace enables organizations to learn about partner apps, solutions, and integrations.
The company offers tailored solutions for industry segments based on business size:
- Remote for Startups provides legal and compliant global employment services at discounted rates for startup organizations
- Remote for Small Business empowers businesses with 1–200 employees to run international payroll, file taxes, and maintain compliance
- Remote for Enterprise handles international HR, cross-border hiring, mobility, payroll, taxes, benefits, and compliance.
Since its inception, Remote has raised total equity funding of ~$496m over four equity funding rounds. Following its most recent funding round in April 2022, the company valuation is ~$3bn. 24 investors fund Remote.
Remote has established legal entities in the past three years and commenced EOR services in ~75 countries. The company delivers its direct EOR services using internal staff within its established and 100% owned local entities. In June 2023, Remote announced its partnership with payroll provider, Gusto and the launch of the Gusto Global powered by Remote platform. The Gusto platform will use Remote’s infrastructure, allowing clients to rapidly and compliantly pay employees globally. Gusto Global is beta testing in Canada, with additional country launches planned for H2 2023.