Payroll in New Zealand: Complete Employer Guide to Tax, KiwiSaver & Holiday Pay
Master payroll in New Zealand with this complete guide on PAYE, KiwiSaver, income tax, holiday pay, and other obligations for local employers.
Oyster HR is a software company which aims to enable companies to hire, pay, and care for talent anywhere, without having to create local entities abroad to do so. This service is offered through various means, including Employer of Record services, and easier ways to manage compliant payroll in foreign countries, for both employees and contractors.
The services provided by Oyster HR allow businesses to tap into global talent without worrying about a lack of local knowledge around employment law, benefits and contractual arrangements. Instead, Oyster HR can take on the task, with deep local knowledge which allows for compliant and streamlined services in 180+ countries globally.
If you're interested in conducting international payroll, try BatchTransfer. Signing up to Wise Business allows access to BatchTransfer which you can use to pay multiple invoices in one go.
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Let’s start with a more detailed look at the features and services available through Oyster HR in the US.
Oyster HR Employer of Record (EOR)2 services allow businesses in the US to hire people overseas without needing to set up a local entity in the country of the new hire. This can make scaling a business into overseas markets far easier as you won’t need to have local HR and employment law knowledge - Oyster HR can do the job for you, making sure you remain legally compliant throughout.
Oyster HR promises support to create competitive benefits packages and legally compliant contractual agreements, which can mean the onboarding process takes as little as 48 hours.
If you’re looking to bring international contractors to your business - rather than hiring employees directly - Oyster HR’s Global Contractors service3 can help. Oyster HR can help you manage a legally compliant contractor hiring process in 180+ countries, and supports contractor payroll services in 120+ countries.
You can manage your contractors’ terms of service, expenses and invoices from the Oyster HR platform, keeping everything in one place to reduce admin time - plus you can also buy misclassification insurance to cover you in the event an employee is wrongly classified as a contractor.
Oyster HR’s Global Payroll services4 let you easily pay people in 28 countries, with compliant payslips and support with things like calculating, withholding and filing taxes. This can help you manage international operations with little administration and a lower risk of costly human error, as you’ll be working with payroll experts in the local markets you need to pay in.
BatchTransfer has an easy-to-use instant payments system that allows you to make multiple payments, for both domestic and international, in one go. Small businesses and enterprises can get access to BatchTransfer with no additional cost after getting a Wise Business account.
BatchTransfer’s core strengths for payroll:
What sets BatchTransfer apart is its commitment to providing the mid-market rate for currency conversions. This means that businesses get a fair and transparent deal when making international payments.
Another perk of using BatchTransfer for international payroll is its extensive coverage of over countries and currencies! With features like automatic payment scheduling and API integration, small businesses can streamline their payroll process, freeing up valuable time and resources for other important tasks.
How can businesses use BatchTransfer for payroll?: Businesses can send up to 1000 payments with a single click with BatchTransfer. US-based business can access BatchTransfer at no extra charge.
Connect to your accounting software: You can easily manage and reconcile your mass payments through accounting software integrations such as QuickBooks or Xero.
Start making payments
with BatchTransfer >>
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The Total Rewards service5 from Oyster HR helps businesses in the US put together compliant and attractive compensation and benefits packages for international employers.
You’ll be able to get salary data from overseas markets to understand what competitors pay for similar roles, making it easier to offer competitive salaries to new hires. Plus you can get help with structuring benefits packages to make sure they’re legally compliant, as well as attractive in the specific market you’re hiring in.
Offering inadequate benefits isn’t just a barrier to great hires, it can be a legal issue too - don’t fall foul of the law by failing to offer sufficient paid time off, or other legally mandated leaves and benefits.
Oyster HR’s Talent Mobility services6 are aimed at businesses which need to move individuals - or even whole teams - overseas. Getting the right visas and permits for staff members who are relocating can be a headache. Oyster HR can support visa sponsorship and legal advice for moving employees to 60+ countries, making the administration frictionless.
Finally, Oyster HR also offers various platform services. Embed Oyster in your website using no code solutions, to let your customers hire overseas easily - plus you can access a broad range of integrations to make sure the Oyster HR systems work with your other favorite services.
The costs of using Oyster HR will depend on a few things, including the services you need and the number of people you plan to work with overseas. If you’re employing or hiring 5 or more individuals as contractors, Oyster offers custom pricing models which allow you to build out your preferred package.
To give a flavor of the pricing for some key Oyster HR services, here’s an overview7:
Service | Contractor | Global Payroll | Employer of Record | Scale |
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Description | Hire, pay, and manage contractors | Pay your direct employees | Hire, pay, and manage full-timers | Annual plan for 5+ full-timers |
Oyster HR pricing | Free for 30 days then 29 USD per contractor/month | Starting at 25 USD per employee/month | Starting at 599 USD per employee/month billed annually, or USD 699/month billed monthly | Custom pricing available |
Oyster HR gets an Excellent 4.5 stars out of 5 on Trustpilot8, which aggregates customer reviews to give live data about satisfaction. In fact, a pretty impressive 75% of reviewers leave a 5 star review at the time of research, praising Oyster’s user friendly onboarding and great customer service. Users report that the Oyster platform is intuitive and simple to use, making this a frictionless provider to hire with.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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