How Skuad helped Rainforest avoid misclassification of contractors and handle payments in multiple currencies
Explore Countries NowOverview
Industry
Retail
Location
Singapore
Company Size
150 Employees
Founding Year
2020
Skuad partner since
2021
Overview
Industry
Retail
Location
Singapore
Company Size
150 Employees
Founding Year
2020
Skuad partner since
2021
“We wanted to hire and onboard contractors globally, following compliances but faced challenges around misclassification and payments.”
Problem Statement
Rainforest, a fast-growing e-commerce aggregator and brand builder, was looking to onboard contractors across the world in 2021. Their biggest challenges, when employing contractors in a compliant manner, were addressing misclassification, as well as handling contractor payments in multiple currencies.
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Problem Statement
One-click payroll
Payroll to all employees with a single dashboard to pay in the currency of their choice.
One-click payroll
Payroll to all employees with a single dashboard to pay in the currency of their choice.
One-click payroll
Payroll to all employees with a single dashboard to pay in the currency of their choice.
One-click payroll
Payroll to all employees with a single dashboard to pay in the currency of their choice.
Skuad Solution
Compliant contractor agreements
Skuad drafted, reviewed and signed agreements with each contractor — making them Skuad’s contractors. This shielded Rainforest against any risk and liability, like contractor misclassification.
Hassle-free compliance processes
Skuad managed all compliance and payroll processes mentioned in the contractor agreement. For example, for one contractor, the payment date was the 15th of the month while for another the payment date was the 30th of the month.
Efficient payments and invoicing
Skuad ensured contractors were paid in their preferred currency (USD, EUR, etc.). We also simplified invoicing by raising only a single invoice to Rainforest for ~30 contractors across 12 countries. Instead of making multiple payments, Rainforest had to pay Skuad once a month for all the contractors.
