Vendor Analysis
published on Jun 26, 2025
Report Overview:
This NelsonHall vendor assessment analyzes Safeguard Global's offerings and capabilities as a provider of global employer of record services
Who is this Report for:
NelsonHall’s Global Employer of Record (EOR) 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 Global 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 Safeguard Global’s Global 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:
Founded in 2008, Safeguard Global provides workforce enablement solutions to manage people and scale operations. The company assists clients in recruiting, hiring, compensating, analyzing, and managing workers and operations worldwide.
In 2009, Safeguard Global identified opportunities with buyers and partners seeking to solve the challenge of hiring in-country workers where the business had no legal entities, and time was a critical factor. Safeguard also began seeing U.S. domestic PEOs seeking international solutions for their clients, who were concerned about the complexity of overseas operations. The offering started as an add-on service for managed payroll clients and evolved into a solution to meet the overall lifecycle needs of both established and emerging multinationals.
In January 2022, Safeguard Global acquired Global Upside Corporation, a technology and services company based in San Jose, CA, with a focus on global expansion. Global Upside specializes in recruiting, EOR services, new entity incorporation, human resources, accounting, payroll, and tax & compliance solutions.
In July 2023, the company announced the launch of ChatSG, an initial application of generative AI technology for the global HR market, delivering global workforce insights. The technology integrates with Safeguard Global’s proprietary dataset and analytics capabilities, allowing users to ask natural language questions in over 40 languages.
In March 2025, the company announced its divestiture of its enterprise payroll division to Deel, allowing the company to transform its international workforce management solutions from transactional to strategic and fully digitize a worker’s journey. Following the divestiture, the company rebranded to ensure compliance, as well as for the enrichment of its technology. Safeguard Global provides EOR services for ~2,000 clients and ~5.5m active workers with capabilities in 187 countries.
