NEO Global Launches Marketplace Platform That Cuts Global Hiring Costs by Up to 70%

SYDNEY, AUSTRALIA - NEO Global today launched its employment marketplace, giving businesses direct access to vetted local EOR providers in 150+ countries - at a fraction of the cost charged by platforms like Deel and Remote.

Companies using the NEO marketplace are seeing 50-70% savings on global hiring compared to traditional EOR platforms, which typically add substantial markups on top of local provider rates.

"The dirty secret of the EOR industry is that most platforms don't actually employ anyone," said Martin Konrad, CEO and Founder of NEO Global (https://joinneo.com)

"They're reselling services from local providers and charging a premium for the privilege. We connect you directly to those same providers and let you keep the difference."

How It Works

NEO operates as a transparent marketplace platform where businesses can compare, select, and engage local employment partners directly. Rather than paying a single platform's marked-up rates, companies access competitive pricing from multiple vetted providers in each country.

The result: a business hiring in Germany, Brazil, or the Philippines pays closer to actual local employment costs instead of subsidising a platform's sales team and venture capital returns.

Why It Matters

Global EOR platforms have raised billions in funding and built their businesses on hefty per-employee fees and hidden FX markups - often $1,000+ or more per employee per month.

These fees bear little relationship to the underlying cost of employment services in most countries.

"A company hiring fifty people internationally could easily save $500,000 or more per year by going direct," Konrad added.

"That's money that should be going into salaries, not platform fees."

Platform Features

- Direct access to vetted local EOR providers across 150+ countries
- AI powered matching marketplace
- Transparent pricing with no hidden markups
- Side-by-side provider comparison
- Compliance documentation and employment contracts handled locally
- Single dashboard to manage global workforce

Learn more at https://joinneo.com

About the Founder

Martin Konrad previously founded Worksuite, a contractor management platform serving enterprise clients including Disney and Microsoft, which was acquired by H.I.G. Capital in 2023. NEO represents his next venture in solving global workforce challenges.

About NEO Global

NEO Global is a marketplace platform that connects businesses directly with local employment providers worldwide. By removing unnecessary intermediaries, NEO delivers savings of 50-70% on global hiring while maintaining full compliance and local expertise.

NEO Global
39 Martin Pl, Sydney, NSW 200, Australia
https://joinneo.com

Company Portrait

NEO Global Pty Ltd is an Australian technology company building the infrastructure layer for global employment. Founded in 2024 and headquartered in Sydney, NEO operates a marketplace platform that fundamentally changes how businesses access international hiring services.

The company was born from a simple observation: work has gone global, but employment infrastructure remains stubbornly local. While talent can now be sourced from anywhere in the world, the mechanics of legally employing that talent across borders remain fragmented, opaque, and expensive.

NEO's solution is a curated marketplace connecting businesses directly with vetted local Employer of Record (EOR) providers, payroll specialists, and compliance experts in over 150 countries. By removing the layers of intermediaries that have come to define the industry, NEO delivers dramatic cost savings while maintaining the compliance rigour and local expertise that international hiring demands.

The Enterprise

NEO functions as a technology-enabled marketplace rather than a service provider. The company does not employ workers on behalf of clients, nor does it operate local entities. Instead, NEO has built a global network of pre-vetted in-country employment partners - local experts who understand their markets intimately and deliver services at local market rates.

The platform provides businesses with:

- A single point of access to compare and engage local providers
- Transparent, standardised pricing across all markets
- Technology infrastructure for onboarding, contracts, and workforce management
- Quality assurance through ongoing partner vetting and performance monitoring

NEO generates revenue through a transparent platform fee rather than the opaque markups common in the industry. This alignment of incentives means NEO succeeds when its clients get the best possible rates, not when they overpay.

Enterprises Involved

NEO's marketplace connects two key participants:

For Businesses (Clients): Companies of all sizes seeking to hire employees in countries where they lack a legal entity. These range from fast-scaling startups building distributed teams to established enterprises expanding into new markets. NEO gives them direct access to local employment expertise without the cost burden of traditional EOR platforms or the risk of navigating foreign employment law alone.

For Local Employment Providers (Partners): In-country EOR providers, payroll companies, and HR service firms who possess deep local expertise but lack the technology, marketing reach, or international sales infrastructure to access global clients. NEO provides them with a steady stream of qualified business opportunities and the technology layer to deliver services efficiently.
This two-sided marketplace creates value for both participants: businesses get better pricing and choice, while local providers get access to clients they could never reach independently.

Founding Story

NEO was founded by Martin Konrad, an entrepreneur with deep experience in global workforce technology. Konrad previously founded Worksuite, a contractor management platform that grew to serve major enterprise clients including Disney and Microsoft before being acquired by H.I.G. Capital in 2023.

Through Worksuite, Konrad witnessed firsthand how businesses struggled with the complexity and cost of engaging talent across borders. NEO represents the next evolution of that mission: making global employment accessible, affordable, and transparent for every business.

This release was published on openPR.