As businesses increasingly build geographically dispersed teams, they encounter both growth opportunities and challenges related to payroll, compliance, and benefits packages. Employers of record (EORs) like Deel and its alternatives provide comprehensive platforms to efficiently hire, pay, and manage international employees and contractors, handling the complexities of local labor laws, payroll regulations, and tax compliance. This streamlines onboarding, offboarding, and ongoing management, ensuring compliance and accurate, timely payments.
What is an Employer of Record?
An employer of record (EOR) like Deel or Multiplier helps international businesses hire, engage, and pay employees in various jurisdictions without setting up local offices or establishing legal entities. These services allow businesses to hire globally with ease.
EORs offer significant advantages over setting up local entities, including:
Advantages of Using an EOR like Deel or Multiplier
- Cost and Time Savings: EORs eliminate the need for local legal entities, saving time and money.
- Flexibility: EORs enable swift workforce expansion and adjustment in new markets.
- Compliance Support: EORs ensure adherence to local employment laws and regulations with specialized in-country experts.
- Global Payroll: EORs provide a user-friendly platform for managing global payroll, eliminating the need for multiple vendors.
- Contractor Management: Simplify the hiring and management of independent contractors worldwide.
- Benefits Management: Offer locally compliant benefits and equity distribution, streamlining international equity grants and benefits regulations.
- Global HR: Centralized HR solutions for managing employee data, onboarding, offboarding, and leave management.
- Immigration Support: Assistance with obtaining work visas for international employees.
The 10 Best Deel Alternatives: EOR Solutions
- Multiplier
- Features: EOR services, global payroll, compliance, benefits, contract management, multilingual contracts, leave management, multiple payment methods, in-country experts.
- Benefits: Simplifies global workforce management, competitive pricing, and custom solutions for scaling overseas efforts.
- Oyster HR
- Features: Global payroll, contractor management, competitive benefits packages, compliance, user-friendly platform.
- Benefits: Comprehensive platform for hiring, managing, and paying remote employees in over 180 countries.
- Rippling
- Features: Unified platform for HR, IT, and finance, automation, user-friendly interface, third-party integrations, robust security, global payroll, customization.
- Benefits: Boosts productivity by streamlining administrative tasks.
- Globalization Partners
- Features: Quick international expansion, compliance and payroll management, M&A integration, HCM integrations, add-on services.
- Benefits: Ideal for enterprises, eliminating complexities of setting up local entities.
- Plane
- Features: Global payroll, EOR services, compliance, benefits, contract management, expense management.
- Benefits: Scalable platform for startups and growing businesses, valuable tools for navigating global hiring.
- Skuad
- Features: Global hiring, seamless onboarding, simplified payroll, centralized management, custom solutions for large businesses.
- Benefits: Streamlines global workforce management with dedicated customer support.
- Remote
- Features: Comprehensive EOR services, contractor management, data security.
- Benefits: User-friendly platform for managing remote teams, with a strong emphasis on data security.
- Papaya Global
- Features: Global hiring and onboarding, payroll management, secure payments, contractor management, business intelligence and data.
- Benefits: Real-time guidance and legal assistance with compliance services tailored to each country.
- Gusto
- Features: Payroll operations, global employment for contractors, scalable solutions.
- Benefits: User-friendly platform that simplifies payroll and HR for small to medium-sized businesses.
- Velocity Global
- Features: Technology-driven solutions, local expertise, cost-effective for large businesses, simplified global payroll.
- Benefits: Ideal for large businesses focusing on core operations and growth.
Which Deel Alternative Should You Choose? When choosing an EOR, evaluate your specific business needs, budget, and the features offered by each platform. Consider the size of your workforce, the complexity of your payroll requirements, and the level of customer support you need. While options like Multiplier, Remote, Papaya Global, and Gusto provide varying degrees of payroll management, compliance support, and employee benefits administration, Multiplier stands out for its comprehensive EOR solution, enabling businesses to focus on growth while experts handle compliance in over 150 countries.