A global economy demands a global workforce, but up until recently it has been incredibly difficult for employers to hire global talent. Frustrated by costs and legal uncertainty surrounding employing individuals in other countries, many global businesses have had their talent pool dictated by the location of their offices. Oyster wants to change this.
Oyster has built a platform which gives businesses everything they need to employ and manage a globally distributed team. Covering everything from international payroll to distributing employee benefits, Oyster's software platform is created to solve for the complexities of giving full-time, full-fledged employment to anyone in the world. This benefits employers, who can access the best talent regardless of location, but also employees, who are able to access a worldwide jobs market and find the best outlet for their abilities. Oyster is not the first global HR-services-provider in this space, and as such it will have to fight hard for market share. That being said, the market for global HR services is still in its infancy, meaning that Oyster has a really good shot at establishing itself as a key player early on. And, with more businesses moving their workforces online permanently, there is good reason to think that the demand for remote global talent could be set for a big surge. If this proves to be the case, and if Oyster can get itself a strong client base early on, it could be set for big things in the future.