Vendor Analysis
published on Aug 22, 2024
Report Overview:
This NelsonHall vendor assessment analyzes FoxHire's offerings and capabilities as a provider of global employer of record services
Who is this Report for:
NelsonHall’s Global EOR profile on FoxHire is a comprehensive assessment of FoxHire’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of FoxHire 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 FoxHire’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 1992 as Top Echelon Contracting (TEC) and serving small and midsize staffing and recruiting agencies, TEC rebranded as FoxHire in 2019. The organization’s EOR platform and global expansion launched in 2019, serving contingent and remote use cases in highly regulated industries, including the following:
- Staffing and recruiting - FoxHire supports staffing and recruiting agencies as their back office, enabling them to scale their contract staffing businesses while remaining compliant and financially strong
- Enterprise - FoxHire supports enterprise clients as their EOR partner, enabling them to hire anywhere in the world quickly and compliantly.
FoxHire primarily provides FTE, contingent worker, and independent contractor services in the United States but maintains capabilities in ~125 countries. It supports talent engagement models through intermediaries, e.g., staffing firms, gig platforms, and MSPs, and directly with enterprise clients through direct sourcing and other talent management programs. The company’s expertise and IP are designed explicitly for small-market organizations within highly regulated industries, including education, healthcare, and technology, although FoxHire supports ~550 clients across ~14 sectors.
FoxHire’s global EOR solution supports payrolling, onboarding, insurance, and compliance, helping companies seeking to expand their operations internationally without establishing in-country entities in new countries.