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June 6, 2024
XX min read

Freshteam vs Lano

Introduction

When it comes to Human Resource Information Systems (HRIS), finding the right tool can make a substantial difference in managing HR processes efficiently. Freshteam and Lano stand out as significant players in this category. 

Freshteam is a smart HR software for growing businesses, designed to attract, hire, and onboard new employees while managing essential HR processes. It streamlines the hiring process by integrating with various job boards and social media channels, allowing recruiters to collaborate efficiently with hiring managers. It also offers robust onboarding features and employee information management in a cohesive platform.

Lano, on the other hand, is a cloud-based compliance and payments platform that helps companies hire, manage, and pay employees and contractors globally. It simplifies managing international teams by ensuring compliance and offering a unified solution without the need for setting up a legal entity in over 150 countries.

Comparing these tools is crucial for businesses to choose a solution that fits their specific HR needs and operational structure. Let’s dive deeper to understand how Freshteam and Lano stack up against each other.

Freshteam Overview

Key Features

  • Talent Sourcing and Acquisition: Freshteam makes it easy to attract and source top talent through customizable career sites, and integration with multiple free and premium job boards, and social media channels.
  • Candidate Management: Recruiters can collaborate effectively with hiring managers to screen and interview candidates, share feedback, and leave notes.
  • Onboarding: Automated onboarding processes include form filling, document signing, handing out handbooks, and creating task lists for new hires which can be assigned to specific people.
  • Employee Information Management: It provides features to gather information, create employee profiles, manage access permissions, and build a comprehensive employee directory.
  • Time-Off Management: Freshteam offers a seamless time-off management system to manage leave requests and approvals.
  • Offboarding: The tool also simplifies the offboarding process for exiting employees, ensuring a smooth transition.

Freshteam is tailored for organizations looking to streamline their hiring process and efficiently manage employee information and onboarding.

Lano Overview

Key Features

  • Global Hiring: Lano allows businesses to hire employees and contractors in over 150 countries without needing to set up a local legal entity.
  • Compliance Management: Comprehensive compliance solutions ensure that businesses adhere to local laws and regulations, simplifying global workforce management.
  • Payment Solutions: Lano's platform supports multi-currency payments to employees and contractors, making it easier to handle international payroll.
  • Employee and Contractor Management: The tool offers unified management of both employees and contractors, maintaining clear and organized records.
  • User-Friendly Interface: Lano is designed for ease of use, providing a seamless experience for managing a global workforce.
  • Reporting and Analytics: Generate insights with in-depth reports and analytics to keep track of payments, compliance, and team performance.

Lano is geared towards companies that need a solution for managing a global workforce with a strong emphasis on compliance and payment solutions.

Similarities

  • Employee Management: Both Freshteam and Lano offer features to manage employee information and maintain comprehensive employee records.
  • Compliance: Both platforms emphasize compliance, though Lano’s focus is on global compliance.
  • User Interface: Both tools are designed to be user-friendly, enhancing the user experience with intuitive dashboards and features.
  • Data Security: Both Freshteam and Lano ensure data security, safeguarding sensitive employee information.

Differences 

  • Scope of Use: Freshteam primarily focuses on recruiting, onboarding, and managing employee information in a centralized HR platform. Lano focuses on global hiring, compliance, and payments.
  • Global Reach: While Freshteam supports global operations, Lano specializes in managing and paying international teams in over 150 countries.
  • Onboarding Features: Freshteam offers more detailed onboarding features with automated tasks, forms, and document management.
  • Payment Solutions: Lano excels in payroll and payments, providing solutions for multi-currency payments which Freshteam doesn’t offer.
  • Time-Off Management: Freshteam includes comprehensive time-off management features, which aren’t as prominent in Lano.
  • Offboarding: Freshteam provides structured offboarding functionalities to manage the exit process smoothly, whereas Lano’s primary strength lies in global compliance and payments.

Pros and Cons

Freshteam

Pros:

  • Comprehensive applicant tracking system.
  • Customizable career sites and job board integrations.
  • Effective onboarding and offboarding processes.
  • Robust time-off management.
  • Strong emphasis on collaboration between recruiters and hiring managers.

Cons:

  • Limited global payroll and compliance capabilities.
  • Might be feature-rich for small businesses with very basic HR needs.

Lano

Pros:

  • Excellent global hiring and payments platform.
  • Simplifies compliance across 150 countries.
  • Unified management of employees and contractors.
  • Multi-currency payment support.
  • Strong data security and reporting capabilities.

Cons:

  • Limited onboarding and offboarding features.
  • Does not offer comprehensive applicant tracking services.
  • Focuses more on compliance than on HR operational intricacies.

Use Cases

Freshteam:

  • Ideal for SMBs looking to streamline their recruitment process with integrated job boards and social media channels.
  • Excellent for companies needing robust onboarding processes to ensure smooth integration of new hires.
  • Suitable for businesses that require comprehensive employee information management and time-off tracking.

Lano:

  • Perfect for organizations managing global teams and needing to adhere to international compliance regulations.
  • Best for companies looking to simplify and streamline multi-currency payments to a global workforce.
  • Suitable for businesses that work with a mix of contractors and employees across various countries.

Conclusion

Freshteam and Lano each offer distinct advantages depending on the specific HR needs of a business. 

Freshteam shines in providing a unified platform for talent acquisition, onboarding, employee information management, and time-off tracking. It is ideal for growing businesses that need to streamline their HR processes efficiently within a centralized system.

Lano, however, excels in global hiring, compliance, and payments. It offers robust solutions for managing international teams without the complications of setting up local legal entities, making it the go-to choice for companies with a global workforce needing strong compliance and payment management.

When choosing between Freshteam and Lano, consider your business’s operational scope and HR needs. If your focus is on comprehensive employee management, onboarding, and recruitment, Freshteam is likely the better fit. On the other hand, if you manage a diverse global team and require solid compliance and payment solutions, Lano would be the superior choice.

Key takeaways 🔑🥡🍕

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