What is Sigma?
Sigma is a global payroll and workforce management platform designed to assist businesses in hiring, paying, and retaining talent from over 160 countries. It streamlines the complexities of international employment by managing W-8BEN forms, facilitating local payments, and providing USD Wallets and health benefits for staff. The platform aims to make onboarding, payments, talent retention, and compliance straightforward for companies leveraging global emerging talent.
Sigma offers an end-to-end solution that helps businesses replace multiple disparate systems. It supports rapid onboarding for contractors and employees, often via accessible platforms like WhatsApp, while ensuring adherence to compliance standards. The service also includes AI-powered checks for US ITINs to manage W-7 requirements and provides a Compliance & Reporting Hub for invoice management and tax reporting.
Features
- Global Hiring & Onboarding: Onboard contractors and employees quickly in 160+ countries, including via WhatsApp, while staying compliant.
- Flexible Payroll & Payments: Run payroll via US ACH, while workers can save in USD or send funds home via crypto or bank transfer.
- IRS Compliance Management: Manages W-8BEN forms for foreign contractors and uses AI to check for US ITINs for W-7 requirements.
- Sigma Financial Hub: Provides workers with a Sigma Wallet by Wells Fargo for saving income and controlling payment options.
- Sigma Benefits: Offers access to local health insurance, retirement planning, and social security contribution assistance for teams.
- Compliance & Reporting Hub: Manage invoices, stay updated on tax reporting, and access regulatory updates and alerts.
Use Cases
- Hiring international contractors and ensuring tax compliance.
- Managing payroll for a globally distributed workforce.
- Onboarding new employees in different countries quickly and compliantly.
- Providing competitive benefits like health insurance and USD savings options to global teams.
- Streamlining W-8BEN form collection and IRS compliance for foreign workers.
- Expanding business operations by easily hiring talent in new international markets.
FAQs
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What sets Sigma apart from other payroll platforms?
Unlike existing payroll services, Sigma is designed with the worker in mind. We provide unique financial tools, such as USD savings wallets and flexible payment options, ensuring that contractors not only get paid but also have the resources to thrive, empowering you to attract and retain the talent that drives your company's success.
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