Expanded salary insights: August product updates

See what’s new this month.

Oyster Product Updates: August 2024

Oyster Team

Thinking about your growing global team and how to best support their needs? Oyster is a platform that grows with you! With this month’s product updates, we’re making compensation, misclassification, and time-off features even more powerful and comprehensive.  

Let’s dive in to our roundup for the month:

  • Build comprehensive compensation packages in minutes
  • Access misclassification protection for new and existing contractors 

Build comprehensive compensation packages in minutes

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When it comes to compensation, it’s not just about the salary. Our revamped Salary Insights Tool now goes beyond base pay—it includes benefits and equity information. With a single search, you’ll have a holistic view of the rewards you can offer your team members.

Misclassification protection is available for new and existing contractors

Oyster Shell is now available for new and existing eligible contractors. Oyster Shell offers additional misclassification protection by reimbursing certain claims or losses when engaged contractors are deemed to be misclassified.

What else is new?

Edit time off mapping and set up custom time off types: If you’re using HRIS time off integration, this update will make your data mapping much easier. You can edit the mapping of time off types between your HRIS and Oyster directly in the platform to ensure data consistency. You can also set up custom types for time off categories that aren’t found in Oyster.

Submit time off requests through our API: You can now submit time off requests through your own platforms using our API, without needing to go through the Oyster platform!

Want to see these new features in action? Log in to Oyster to try them out yourself!

Learn more about Oyster

Watch our explainer video to learn all you need to know or book a demo with our team to get direct information.

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About Oyster

Whether you’re engaging employees, contractors, or running payroll across borders, Oyster helps you bring on great talent by making global employment simple and human.

With Oyster, you get a platform that moves fast and in-house HR experts who care about getting it right. As the only B Corp-certified EOR, you can be sure that when you grow with Oyster, you grow responsibly.

Book a demo to access our best pricing for readers

FAQs

What is an EOR?

An employer of record (EOR) is an entity that legally employs workers on behalf of another business. An EOR takes full responsibility for all aspects of employment, including compliance, payroll, taxes, and benefits.

Is it hard to switch from another EOR provider?

Switching from one employer of record partner to another can be seamless with the right planning and support.

Oyster offers a dedicated team of specialists who guide you through the process compliantly, while keeping your team members’ experience at the center.

What is an EOR in payroll?

An employer of record is an entity that employs workers on behalf of another business. An EOR partner takes on the responsibility of many HR services, including payroll administration. When you work with an EOR partner to employ global talent, you provide funds to the EOR and they will handle salary disbursement, ensuring proper tax withholding, social security contributions, and retirement account funding.

Book a demo to access our best pricing for readers