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How Skuad helped Rainforest avoid misclassification of contractors and handle payments in multiple currencies

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Overview

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

engineers in
🇮🇳 India

people by
December2022

“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.

Skuad's Impact

engineers in
🇮🇳 India

people by
December2022

30 contractors across 12 countries

30 contractors across 12 countries

As of May 2022, Skuad has helped Rainforest onboard 30 contractors across 15 countries in a cost-effective manner.

Reduced time to hire talent globally

Reduced time to hire talent globally

It has also helped Rainforest utilize its hiring time optimally to discover and hire the best talent globally.

Skuad's Solution

Rainforest sourced the contractor. Skuad’s solution focused on three distinct aspects

Compliant contractor agreements

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

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

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.

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