Oyster Introduces Total Rewards to Help Global Companies Offer Salary, Equity and Benefits With Confidence

Global Employment Platform Releases First Holistic Solution to Design and Offer Compensation and Benefits to Fully or Partially Distributed Workforces

Remote-First Company/SAN FRANCISCO--(BUSINESS WIRE)--Oyster^®, the employment platform to hire, pay, and care for global teams, today announced Oyster Total Rewards, a suite of new solutions to help companies both design a compensation strategy and offer salary, equity, and benefits for teams worldwide. Oyster Total Rewards offers remote, hybrid, and distributed companies the first truly holistic approach to compensation and benefits, ensuring they are competitive, compliant, aligned with budget, and—most importantly—meet employee expectations. Now, People leaders can make a great offer that helps attract and retain the best talent, no matter their location.

“Compensation and benefits can get complicated in a global setting as needs, expectations, and laws vary from country to country. At the same time, competition for top talent continues to intensify, and more companies are thinking about how to offer attractive compensation everywhere in the world,” said Jack Mardack, co-founder of Oyster. “Total Rewards provides the tools and capabilities that will allow employers to calibrate global salaries for the highest impact, as well as offer benefits and equity to cross-border hires. This is directly in line with our employee-centric approach, one that leads with compassion for team members while helping companies remain compliant.”

Lack of knowledge, guidance, and confidence on how the compensation and benefits strategy and structure should look for a distributed team not only slows down the hiring process, it impacts hiring decisions, talent conversion, experience, retention, and employer brand. Not to mention the cost and time commitment required to engage compensation consultants and research across multiple sources. Oyster Total Rewards provides advisory and implementation services in a single platform, helping companies offer everything they need—from salary, equity, and benefits—to attract, value, and retain a global team. Solutions include:

• Salary Insights: A self-serve tool to understand salary bands for specific roles and levels based on location, helping create competitive offers, fix pay gaps, and more.
• Benefits Packages: Choose from pre-created, competitive, and best-in-class packages to level up benefits offers that are country-tailored and globally accessible.
• Equity Compensation: Build and implement equity plans compliantly and confidently using a self-serve Equity Assessment Tool; the equity grant flow feature proactively surfaces risks specific to each country.
• Compensation Consulting: Few people or tools have salary data beyond the U.S. and western Europe, until now. Work with an expert to build a global compensation strategy based on budgets, data across 100+ countries, and current economic conditions to make offers quickly, award promotions fairly, and more.

Oyster is opening a world of career opportunities for global communities outside traditional technology hubs while simultaneously helping companies become more employee-centric. With Oyster Total Rewards, other companies can follow suit, as global hiring is a force for thriving workplaces, meaningful working experiences, and a more equal world.

To learn more about Oyster and Oyster Total Rewards, visit www.oysterhr.com/total-rewards.

About Oyster

Oyster is a global employment platform that empowers companies to hire, pay, and care for their global teams. It enables growing companies to give valued international team members the experience they deserve, without the usual headaches or expense. Oyster enables people-centric hiring anywhere in the world with reliable, compliant contracts, payroll, and great local benefits and perks. Founded in January 2020 by Tony Jamous and Jack Mardack, Oyster is itself a fully distributed company with a diverse, global team. For more information visit https://oysterhr.com.