Velocity Global Integrates Contractor Payments to Its Global Work Platform

• Increased demand for a simple hiring solution as number of independent workers wanting to work from anywhere is on the rise
• Velocity Global makes hiring and managing independent contractors easy with consolidated invoicing, automated, seamless payments, and locally compliant contracts
• Manage all talent in one place, including contractors and employees

Velocity Global, the leading provider of global talent solutions, announced the integration of its Contractor Payments solution into its Global Work Platform as the latest solution for businesses and talent to work with anyone, anywhere, anyhow.

HR Technology News: Top Talent From Carta, Ripple, and YourBase Join Crypto Unicorn FalconX

“Contractor management and payments are traditionally a cluttered time suck for both businesses and talent, but now the Velocity Global platform removes this friction,” said Eric Schroeder, Velocity Global chief operating officer. “In today’s virtual workplace, companies want to engage the best talent in any country, which adds more complexity. Our platform simplifies the process from onboarding to payments for contractors around the world. This now creates one single location for managers and talent to connect, contractors and employees alike, freeing them to focus on the task at hand – delivering results.”

HR Technology News: Ceridian Appoints Chris Armstrong to Chief Operating Officer and Steve Holdridge to Chief Customer Officer

Contractor Payments solution

Businesses are increasingly turning to independent workers, a rising classification of knowledge workers. The number of full-time, part-time and occasional independent workers in the U.S. increased by 34% over just two years to 51.1 million in 2021, according to the State of Independence in America survey, and spending by businesses on contingent talent rose by 23%.

“We are in a new era of work in which talent takes more control over their time, location, and how they choose to engage with their employers,” said Schroeder. “With this shift in talent comes a shift in investment from businesses to meet talent where it is. The world of work is changing quickly and we offer all of the tools for businesses and talent to engage with each other in a single, accessible platform.”

Currently, most contractors face archaic onboarding processes and payment confusion, while companies face the administrative complexity of managing a distributed workforce. Velocity Global’s new Contractor Payments solution provides locally compliant contracts, consolidated invoicing, automated and seamless payments, and mobile access to solve these issues for both sides.

HR Technology News: New Financial Wellness Case Studies Highlight How Five Public Sector Employers Are Improving the Financial Health of Employees