Vendor Analysis
published on Jun 17, 2022
Report Overview:
This NelsonHall vendor assessment analyzes Neeyamo’s offerings and capabilities as a provider of global employer of record services.
Who is this Report for:
NelsonHall’s Global Employer of Record Services profile on Neeyamo is a comprehensive assessment of the company’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of employer of record services and identifying vendor suitability for RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the employer of record sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Neeyamo’ global employer of record service 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 delivery locations.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes Neeyamo’ offerings and capabilities as a provider of global employer of record services.
Headquartered in Chennai, India, and its Principal Office in California, USA, Neeyamo is a technology-enabled global payroll and EOR solutions provider. The company was founded in 2009 to address gaps in HR technology and service delivery, including global payroll, HR compliance, and operational HR technologies in under-represented geographies and markets where the larger global payroll service organizations had limited presence or capability.
Neeyamo began delivering multi-process HR services in 2010, initially focusing on mid-market organizations and later expanding its focus to include large multi-national firms. In 2012, Neeyamo began providing Cloud HR Transformation Services, focusing on Workday, Oracle, and SAP SuccessFactors system implementation, support, enhancements, and platform upgrades.
Neeyamo has provided employer of record services as a Global HRO Solutions offering for over a decade. However, the company recently consolidated its Global HRO solutions portfolio into two primary service lines: Global Payroll and Global Employer of Record.
Since its inception, Neeyamo has developed proprietary tools to enable its HR services, dedicating ~25% of its annual revenues toward R&D efforts through its wholly-owned subsidiary, NeeyamoWorks, which manages all technical development.
Across all these lines of business, Neeyamo supports ~300 clients in ~185 countries through its ~3,000-member workforce glob. It focuses on minimal use of subcontractors and third-party providers in delivering its services. Neeyamo currently provides employer of record and agent of record services for ~40 clients and ~250 active workers.
This profile focuses exclusively on Neeyamo's Employer of Record offering and capability. Refer to the Neeyamo-Next Generation Payroll Services and HR Cloud Transformation vendor profiles for additional profiles.