New offering enables employers to provide a variety of comprehensive, compliant rewards packages to help attract and retain top talent worldwide
DENVER, January 25, 2023 —
Overall speedthe leading provider of global talent solutions, today announced the launch of its Global Equity program, providing clients with a compliant and locally tailored way to issue a variety of competitive and comprehensive rewards packages around the world.
As the prevalence of distributed (including remote) labor has grown, so has the demand for meaningful ways to compensate overseas-based teams. This has had significant implications for attracting, hiring and retaining top talent – as national regulations, international tax laws and other local complexities have made it difficult for companies to issue stock in a simple and compliant way. Through Velocity Global’s Employee of Record (EoR) solution, clients can seamlessly and easily award grants to teams located in nearly three dozen countries and counting, ensuring they receive accurate payroll and taxes.
“When you give talent access to equity, you send a key message that everyone deserves the same opportunities and investments, regardless of their location on the map,” said Jim Birch, vice president of global payroll and product strategy. “The launch of our global equity programs further reinforces Velocity Global’s commitment to a people-centric approach and provides an invaluable benefit to improving the employee experience, increasing employee retention and having an overall positive impact on corporate culture and DE&I.
Providing equity capital to a distributed international workforce can be complex and daunting as regulatory frameworks vary from country to country. Velocity Global makes it easy for employers and talent to provide and receive equity capital by partnering with leading international law firms to deliver a uniquely streamlined experience that includes:
- Full Service: Velocity Global handles everything from help with retainer rates, payroll processing, additional reports, plan registrations, and more.
- Global compliance: Velocity Global’s in-house experts work closely with internationally renowned consultants to ensure equity awards meet local requirements.
- Versatile Rewards: Velocity Global facilitates the issuance of a variety of award types, including stock options, stock appreciation rights, restricted stock units, and phantom awards.
- Fast and expert support: a comprehensive resource center and dedicated equity compensation team for answers to all global equity questions.
Velocity Global will share its knowledge and expertise as the first EoR to speak at Organization of global actions (GEO), the world’s leading non-profit organization focused on promoting ownership for the benefit of all employees, companies and communities.
For more information on Velocity Global’s equity program, click here.
About Velocity Global
Velocity Global helps you compliantly hire, pay, and manage anyone, anywhere. We simplify the employer and talent experience by combining cloud-based technology and unparalleled human support in over 185 countries. Start hiring across borders at VelocityGlobal.com.