In today’s dynamic business landscape, characterized by ever-changing regulations and an evolving workforce, offering a modernized pay experience to employees is essential. This experience must be fast, flexible, and personalized to meet the diverse needs of employees. Unified pay solutions address this challenge by seamlessly consolidating global payroll and payments under a single umbrella. Additionally, these solutions empower employees with financial wellness tools and flexible pay options such as Earned Wage Access (EWA). The benefits of unified pay solutions go beyond just operational enhancements. They not only reduce the heavy administrative burden on payroll teams but also elevate the importance of payroll within the organization by providing enhanced control, visibility, and strategic reporting capabilities. For employees, these solutions offer a superior pay experience, making the employer more attractive and modernizing the entire journey of getting paid. Everest Group surveyed 100+ senior executives in payroll, finance, and HR from diverse organizations to understand the current maturity of global payroll operations and examine the significance of unified pay solutions. The analysis provides insights into the challenges that organizations face and how adopting unified pay solutions can transform the future of global payroll for the better. Scope All industries and geographies Contents In this report, we provide: An overview of our research methodology An analysis of the current state of global payroll, including objectives, outsourcing trends, and reasons for buyer dissatisfaction A closer look at unified pay solutions, their role in overcoming global payroll challenges, and the multiple benefits they offer Key enterprise considerations for adopting unified pay solutions A case study illustrating the positive impact of these solutions Membership(s) Human Resources Outsourcing Excellence

Today, enterprises worldwide consider global hiring as a business advantage and opportunity, enabling them to gain insights into new markets and access a diverse talent pool. However, navigating global expansion can be a complex and time-consuming process, with organizations contending with new legal systems, tax structures, and global payroll processes. As a result, it comes as no surprise that enterprises have increasingly embraced solutions such as Employer of Record (EOR) in recent years, recognizing it as one of the simplest ways to swiftly enter a new market. An EOR is a third-party organization that assumes responsibility for paying an employee (permanent or temporary) on behalf of another company. Through an EOR, enterprises can efficiently onboard and manage talent without the need to establish an entity in a particular region. In this report, we analyze the EOR market and examine it across various dimensions such as key growth drivers, buyer adoption trends, and provider investments. The report relies on primary and secondary data collection, including conversations with various market participants such as enterprise buyers, outsourcing providers, and EOR specialists. Scope All industries and geographies The report is based on primary and secondary data collection, conversations with market participants (buyers and outsourcing providers), and fact-based research Contents In this report, we analyze: The EOR market landscape, including market size, trends, and use cases Buyers’ take on the EOR market Provider landscape Key investment themes in the EOR market and outlook for market stakeholders Membership(s) Human Resources Sourcing and Vendor Management

The Employer of Record (EOR) Provider Compendium 2023 – Update is a companion to Everest Group’s recently published Employer of Record (EOR) Solutions PEAK Matrix® Assessment 2023. This compendium provides comprehensive and fact-based snapshots of 20 EOR providers, along with the providers’ company snapshots, services, technology capabilities, and client portfolios across geographies, industries, buyer sizes, and key developments. In addition, each profile specifies the provider’s position on Everest Group’s PEAK Matrix ® and offers an insightful analysis of its capabilities. The compendium will enable EOR providers to benchmark their capabilities against their competitors, while buyers will be able to assess the providers based on their desired set of capabilities. Scope All industries and geographies Contents In this report, we evaluate EOR providers on their: Recent investments and announcements Market adoption and capabilities Client portfolio mix Platform features, functionalities, and key enhancements Capabilities across PEAK Matrix dimensions Key strengths and limitations Membership(s) Human Resources Sourcing and Vendor Management

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

The modern workplace is significantly changing with the rise of hybrid working structures, replacing traditional office-based setups. Organizations are recognizing the advantages of virtual operations, including cost savings, and are actively promoting this culture worldwide. As a result, it has become difficult for HR professionals and decision-makers to monitor employee engagement levels. Organizations’ ability to monitor employee experience and gather employee feedback has undergone substantial evolution. Employee Experience Management (EXM) platforms assist various enterprise stakeholders, such as senior leaders, HR business partners, and team managers, in measuring employee experience and providing them with the tools to swiftly act upon data-generated insights. In this report, we examine the dynamics of the EXM platform market. The report also evaluates 21 EXM platform providers on Everest Group’s EXM Platforms PEAK Matrix® and categorizes them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings. The research will help buyers select the right-fit provider for their needs, while providers will be able to benchmark themselves against their peers. Scope All industries and geographies The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading EXM platform providers, client reference checks, and an ongoing analysis of the EXM platform market Contents In this report, we: Position 21 providers on Everest Group’s PEAK Matrix® for EXM platforms List 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 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 analyze the EOR market and examine it across various dimensions such as key growth drivers, buyer adoption trends, and provider investments. Scope All industries and geographies Services: EOR solutions The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading EOR platform providers, client reference checks, and an ongoing analysis of the EOR market Contents In this report, we examine: Evolution of the EOR market: market size and growth, expected growth, and deal trends across geographies Key investment themes Buyer feedback, challenges, and adoption drivers EOR provider landscape ​​​​Membership(s) Human Resources Sourcing and Vendor Management

With advances in technology, enterprises are looking to upskill and reskill their workforce at scale. To serve this need, providers have come up with solutions such as Learning Experience Platforms (LXPs) – user-centric learning software that consolidate content from diverse sources and provide a personalized learning experience to users. LXPs offer a vast set of functionalities such as learning pathways, social learning, seamless integrations with enterprise applications, skill-tracking capabilities, and deeper insights that help organizations imbibe a culture of lifelong learning. In this report, we assess the LXP market and analyze it across various dimensions such as market overview, buyer objectives, key investment themes, and provider landscape. This analysis is based on Everest Group’s annual RFI process for the calendar year 2022 (refer to the LXP Products PEAK Matrix®; Assessment 2022 report for a detailed provider assessment), interactions with leading LXP providers, client reference checks, and an ongoing analysis of the LXP market. Scope All industries and geographies Contents In this report, we: Highlight the key aspects of the LXP market Discuss the LXP market size and adoption trends Examine buyer objectives and feedback Review the LXP investment themes and the provider landscape ​​​​Membership(s) Human Resources Sourcing and Vendor Management

The Employer of Record (EOR) Provider Compendium 2023 is a companion to Everest Group’s recently published Employer of Record (EOR) Solutions PEAK Matrix® Assessment 2022 report. This compendium provides comprehensive and fact-based snapshots of 15 EOR providers, sharing the providers’ company snapshots, services and technology capabilities, and client portfolios across geographies, industries, buyer sizes, and key developments. In addition, each profile specifies the provider’s position on Everest Group’s PEAK Matrix® and offers an insightful analysis of its capabilities. The compendium will enable EOR providers to benchmark their capabilities against their competitors, while buyers will be able to assess the providers based on their desired set of capabilities. Scope: All industries and geographies Contents: In this report, we evaluate EOR providers on their: Recent investments and announcements Market adoption and capabilities Client portfolio mix Product features, functionalities and key enhancements Capabilities across PEAK Matrix® dimensions Key strengths and limitations Membership(s) Human Resources Sourcing and Vendor Management

The Learning Experience Platform (LXP) Provider Profile Compendium 2023 is a companion to Everest Group’s recently published Learning Experience Platform (LXP) Products PEAK Matrix® Assessment with Technology Vendor Landscape 2022 report. In this compendium, we provide comprehensive and fact-based snapshots of 15 LXP providers, covering the providers’ company overview, product capabilities, client portfolios across geographies, industries, and buyer sizes, and key developments. In addition, each provider is also positioned on Everest Group’s PEAK Matrix® for comparison. The compendium will enable providers to benchmark their capabilities against their competitors, while buyers of LXP will be able to assess the providers based on their desired set of capabilities. Scope: All industries and geographies Contents: In this report, we evaluate LXP providers on their: Recent investments and announcements Market adoption and capabilities Client portfolio mix Product features and functionalities Capabilities across PEAK Matrix® dimensions Key strengths and limitations Membership(s) Human Resources Sourcing and Vendor Management

Employee Experience Management (EXM) is the process of capturing, understanding, and managing the experiences of employees throughout the employee life cycle. It has now become more vital than ever for organizations to closely monitor the experiences of their employees to attract and retain top talent and to make improvements where needed at each step of the employee life cycle. It marks a paradigm shift in the conventional way of work and the traditional workplace. Employee Experience Management (EXM) platforms can simplify the task of monitoring employee experience for various organizational stakeholders (such as senior leaders, HR business partners, and team managers) and empower them to take quick actions based on the insights gleaned from the data. In this research, we analyze the EXM market and examine the key growth drivers, buyer adoption trends, and provider investments. Scope: All industries and geographies EXM platform providers The analysis is based on Everest Group’s annual RFI process for the calendar year 2022 (refer to the EXM platforms PEAK matrix assessment report for a detailed provider assessment), interactions with leading EXM platform providers, client reference checks, and an ongoing analysis of the EXM market Contents: In this report, we study: Evolution of the EXM market: market size and growth, expected growth, and deal trends across geographies Key investment themes Buyer feedback, challenges, and adoption drivers EXM provider landscape Membership(s) Human Resources Sourcing and Vendor Management