OysterHR vs Paychex PEO

OysterHR offers an all-in-one global employment platform (GEP) that helps businesses hire, pay, and care for their distributed team in over 180 countries. Its services are similar, but OysterHR is not a PEO. It does offer a global employment consulting service and operates as a hybrid Employer of Record (EOR) in most countries. It was founded in 2020 and is headquartered in Wilmington, DE. Its services include guided onboarding, global employment software solutions, HR process streamlining, global health benefits, localized recommendations, compliance and protection, and an all-in-one platform covered by on-demand support. OysterHR offers three service options on their website, where clients can choose to pay $29 per contractor per month, or $599 per employee a month for their global EOR and employee management solution, $499 per employee a month if the client opts for the annual plan. There is also a discounted Scale plan for which prospective clients must request a quote. OysterHR is considered a "unicorn" business and has earned certification as a B Corporation, honoring it as a business that upholds the strict criteria of social and environmental performance, openness, and responsibility.

Paychex is a leading supplier of comprehensive human capital management systems for payroll, employee benefits, human resources, retirement plans, and business insurance services in the US and Northern Europe. Paychex, Inc. (NASDAQ: PAYX) was founded in 1971 and has more than 730,000 client companies, mostly small to medium-sized businesses but also larger businesses. They are considered one of the top companies in their field, claiming to pay 1 in 12 employees in the private sector. They offer three package categories tailored to fit a business's size and needs, with flexible payment options. They also boast easy-to-use online services and expert consultants that ensure proper federal and state compliance and can get you valuable tax credits and phone and online support. Paychex services vary according to the organization's needs and size, with a base monthly cost of $39 plus $5 per employee.