Expanding globally is often a multifaceted and time-consuming process that requires organizations to navigate unfamiliar legal systems, tax structures, and global payroll procedures. As enterprises aim to tap into the advantages of hiring talent globally, managing and paying employees compliantly across multiple countries can become a formidable challenge. Therefore, one of the simplest ways for enterprises to swiftly enter a new market is to utilize an Employer of Record (EOR) service. An EOR partner empowers companies to legally engage with workers in a new country or region without the need to establish a separate legal entity or risk violating local laws. In this report, we analyze 20 providers on the Everest Group PEAK Matrix® for EOR solutions and categorize them as Leaders, Major Contenders, and Aspirants. The research will help providers benchmark their capabilities against competitors, while buyers will be able to evaluate the different providers based on their sourcing needs. Scope All industries and geographies The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading EOR providers, client reference checks, and an ongoing analysis of the EOR market Contents In this report, we examine: Everest Group’s PEAK Matrix® evaluation of EOR providers and their categorization as Leaders, Major Contenders, and Aspirants Top EOR providers across geographies and industries EOR providers’ key strengths and limitations Membership(s) Human Resources Sourcing and Vendor Management

Today, enterprises worldwide consider global hiring to be a business advantage and opportunity, which allows them to gain insights into new markets and access to a diverse talent pool. Hence, it is no surprise that enterprises have been increasingly adopting solutions such as Employer of Record (EOR) over the past few years. An EOR partner enables companies to legally engage with workers in a new country or region without them having to set up a separate legal entity or face the risk of violating local laws. EOR offerings can span the entire employee administration value chain and include services such as onboarding, benefits provision and administration, time and expense management, and payroll. In this report, we assess 15 EOR vendors and position them on Everest Group’s PEAK Matrix® as Leaders, Major Contenders, and Aspirants based on their vision & capability and market impact. The research will help buyers select the right-fit service providers for their needs, while service providers will be able to benchmark themselves against each other. Scope All industries and geographies Services: EOR solutions Contents This PEAK Matrix® report features: Everest Group’s PEAK Matrix® evaluation of EOR vendors and their categorization into Leaders, Major Contenders, and Aspirants Competitive landscape of the EOR vendor market Key enterprise sourcing considerations (strengths and limitations) for each of the 15 service providers evaluated Membership(s) Human Resources Sourcing and Vendor Management

In a hybrid world, the L&D function has an important role to play in engaging employees and improving employee experience. Today, organizations realize there is no one-size-fits-all approach to learning, and learning efforts need to be personalized to align employee and organization goals. Taking a cue, providers have come up with solutions such as Learning Experience Platforms (LXPs) – user-centric learning software that consolidate content from diverse sources at one place and deliver a personalized learning experience to users. LXPs also help talent managers foster a culture of continuous learning throughout their organizations and transition to a more data-driven and skills-based learning space. Several types of vendors operate in the LXP market, including next-generation start-ups and traditional learning management system players, and the technology is gaining significant ground worldwide. Its merits span business functions and verticals and include streamlining of employee onboarding, employee learning and skill development, regulatory compliance, customer and extended enterprise education, and sales enablement. In this report, we assess 15 LXP vendors and position them on Everest Group’s PEAK Matrix® as Leaders, Major Contenders, and Aspirants based on their vision & capability and market impact. The research will help buyers select the right-fit technology vendors for their needs, while technology vendors will be able to benchmark themselves against each other. Scope All industries and geographies Contents In this report, we examine: The relative positioning of 15 vendors on Everest Group’s PEAK Matrix®; for LXP products Key enterprise sourcing considerations (strengths and limitations) for each of the 15 technology vendors evaluated Membership(s) Human Resources Sourcing and Vendor Management