HASHED

Streamlining Global Payroll and Compliance for a New Legal Team

Client Overview

Hashed is a leading global Web3 venture capital firm based in South Korea, dedicated to empowering networks and innovators to build a decentralized future. As a major player in the Web3 space, Hashed required a reliable partner to handle complex payroll, compensation, and operational needs for their legal team working under a retainer-ship model.

ECC Solution

ECC provided comprehensive Global Payroll solutions, handling Hashed’s payroll, compensation, and operational setup for legal members across India, ensuring compliance, operational efficiency, and scalability for the Web3-focused firm.

Engagement Period: Since 2022
‍Team Setup Location: Remote, India
‍Client Location: South Korea
‍Services: Talent & Co. Management

Scope of Engagement

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Onboarding of Legal Members (Retainer-ship Model)
- Onboarded legal members for Hashed’s team under a retainer-ship model, ensuring seamless integration with the company’s requirements and legal frameworks.
- Managed the entire process of documentation, compliance, and compensation setup, tailored to the unique needs of legal professionals in a global VC setting.
Complete Payroll & Compensation Management
- Administered payroll for legal retainer staff in India, ensuring accurate, timely payments while adhering to local tax regulations and compliance standards.
- Developed and managed compensation plans, aligning them with industry benchmarks, ensuring competitive pay and benefits for Hashed's legal team.
Legal Structure, Statutory & Travel Setup
- Provided guidance on establishing the right legal structure and compliance mechanisms to ensure that Hashed adhered to all necessary regulations.
- Set up travel logistics, ensuring that all legal members could travel as required, with efficient arrangements for international engagements and meetings.
Complete Finance & HR Operations Management
- Managed all finance and HR-related operations for Hashed's India-based team, including salary disbursements, taxes, and statutory compliance.
- Ensured that Hashed’s HR practices remained aligned with best practices and international standards, driving operational excellence across all functions.
Structured Payroll & Reimbursement Process Setup
- Designed and implemented a streamlined payroll and reimbursement process to ensure accurate and efficient handling of financial matters, with transparent tracking and reporting.

Outcome

The partnership with ECC enabled Hashed to scale its legal and operational functions efficiently, focusing on investment and network development while leaving the complex payroll and operational tasks to ECC. This allowed Hashed to manage its decentralized team effortlessly, ensuring all members were compensated fairly and in compliance with local laws, further strengthening the firm’s ability to grow its Web3 investment portfolio.The collaboration between ECC and NOD GAMES is a great success and an on-going strong project. The streamlined processes led to a greater efficiency, faster onboarding, and a more engaged, well-supported team. Our end-to-end management allowed NOD GAMES to focus on scaling their blockchain gaming platform, confident that the operational and talent management functions were in expert hands.

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