Spending too much on recruitment, payroll or global HR?
Employer of Record companies, or EORs, can help you hire all over the world, even when you don’t own entities in the countries where the talent you have in your sights is located. Technologies like cloud computing, video conferencing software, and now AI have made it easier than ever to hire global teams. What’s not easy, however, is choosing an EOR partner from the hundreds of providers out there. During your search, you’ll certainly come across big names like Deel and Multiplier, two giants in this industry. In this Deel vs. Multiplier Review, we’ll help give you the insight you need to choose which of these providers will make the best partner for your organization.
Head-to-Head: Deel vs. Multiplier
| Category | Deel | Multiplier |
|---|---|---|
| EOR Price | Starting at $400/employee per month | $599/employee per month |
| Contractor Management Price | $49/contractor per month; $325 for contractor of record services | $40/contractor per month |
| Global Coverage | Over 150 countries | Over 150 countries |
| Recruitment | Deel Talent connects clients with staffing and recruitment agencies globally | Does not provide recruitment services or tools |
| Platform Software Integrations | Integrates with 85+ apps (HR, accounting, workflow, communication) | Integrates with 10 apps (HR, accounting, communication, collaboration) |
| Supplementary Benefits | Offers health insurance, equity, and pension plans in some countries | Provides health, vision, dental, life insurance, and pensions |
| Support | 24/7 live chat support | 24/7 live chat support |
Deel Overview
Deel was founded in 2019 and set up its headquarters in the tech-heavy city of San Francisco. As remote and international hiring skyrocketed during the global pandemic, Deel’s business quickly expanded, enabling it to set up offices in major centers and offer its services in more than 150 countries.
Focusing on its EOR services, Deel is one of the largest providers in the industry with over 35,000 clients. It helps them hire in multiple countries without needing to own entities and manages their HR functions, including payroll, benefits administration, and paid time off (PTO). It also manages legal compliance with the help of its local experts. Deel lets clients provide their employees with supplemental benefits like equity, private pensions, and health insurance, though these benefits may differ between countries. Deel charges $599/employee per month for EOR services.
Aside from EOR services, Deel acts as a PEO (Professional Employer Organization) by handling HR for companies with their own employees. It also lets clients outsource their IT and payroll needs, plus provides consulting and company incorporation services globally.
For a deeper look at Deel, explore our in-depth Deel Review.
Deel’s Key Features
| Platform | Deel bases its service delivery on its cloud-based platform, which is an extensive HRIS (human resources information system) with a ton of features. It has a basic platform that can be used for just $5/employee per month. However, the Deel Engage platform, which comes with its EOR services, is the full version that includes performance management, reporting, learning management, career management, compliance, and engagement tools. New AI features help with analytics, payroll, and more. Deel’s platform takes a while to learn because of the sheer number of features it includes. However, users still rate it highly for ease of use. Employees can use an employee portal to access their profiles and benefits. They can also use Deel’s new mobile app to clock their hours and make PTO requests, while admins can use it to perform all the activities they would normally use the web app for. Deel’s platform comes with 85 pre-built integrations that help clients share their data with HR, accounting, finance, communication, and collaboration software in their tech stacks. |
| Onboarding | New employees can sign documents and share their personal and banking information in just minutes using Deel’s self-service onboarding tool. It then takes the provider around two or three days on average to add them to your payroll and register them with tax and social security authorities so they can begin working. |
| Contractor Management Services | Deel offers two very different tiers of contractor management services. Its basic tier costs just $49/contractor per month and allows clients to create compliant contracts, manage invoices, and pay their contractors. If they need more assurance, clients can use Deel’s Contractor of Record (COR) service for $325/contractor per month. This service greatly reduces the risk of working with contractors by adding on compliance monitoring and contract management services. It also protects them against fines and other misclassification penalties. In both tiers, clients can pay contractors with 150 currencies, cryptocurrencies, and digital methods like Wise and Revolut. |
| Immigration Services | If you need employees to relocate to other countries, Deel Immigration can help you sponsor them and obtain the visas and work permits they need to work legally. |
| Global Payroll | In addition to offering US payroll services in all 50 states, Deel also manages payroll for clients who own entities around the world. It lets them outsource this complicated function for just $29/employee per month. |
| HR | Even if you don’t need EOR, payroll, or other services from Deel, you can still use its platform for a small fee as a complete HRIS. Deel Engage alone costs $20/employee per month, and you can choose to add extra services as needed. |
Advantages of Partnering with Deel
| 24/7 Support | Deel provides live, human support for clients and employees alike when they need help with its platform or HR services. |
| Payment Options | Deel lets you pay employees and contractors in more than 150 currencies. You can also pay contractors with cryptocurrencies, Wise, and Revolut. |
| Fast Onboarding | It normally takes just a few minutes to generate compliant contracts, and only a few more minutes for employees to sign them and upload their necessary information. The complete onboarding process usually takes just two to three days. |
| Data Security | Deel’s platform protects your corporate and employee data through extensive security measures. It’s SOC 2 compliant, GDPR compliant, and ISO 27001 certified for your safety. |
Multiplier Overview
Multiplier has joint headquarters in New York and Singapore. This HR services provider went online in 2020 and, like Deel, its business expanded rapidly. Through a network of owned and third-party-operated entities around the world, Multiplier is now able to offer its services in over 150 countries.
At $400/employee per month, its EOR services are significantly more affordable than Deel’s, though it’s important to remember that this is a starting price that can increase depending on the country where employees are hired. Multiplier manages all core EOR services like payroll, mandatory benefits, and tax payments for its clients. It also provides a wide range of additional benefits to help them improve their compensation packages.
Aside from EOR services, Multiplier also helps its clients hire contractors and manage payroll for their entities around the world. Unlike Deel, however, its platform isn’t available for use on its own.
To find out more about Multiplier, read our comprehensive Multiplier Review.
Multiplier’s Key Features
| Platform | Like all modern EOR providers, Multiplier bases its services around its online, cloud-based platform. However, compared with Deel’s extensive platform, Multiplier’s has fewer functions and can’t be considered a standalone HRIS, which may cause you to choose an alternative. While it includes all the core features needed for EOR management, like payroll, benefits administration, and PTO, it’s also lacking performance management, talent management, and engagement tools. It also doesn’t offer any recruitment tools to help clients perform this function on their own more effectively. It does, however, include built-in time and attendance tracking tools to help manage payroll smoothly. Multiplier’s simplicity can, however, be seen in a positive light. Instead of a huge, fully-featured, and intimidating piece of software, its platform is simple, intuitive, and easy to learn quickly. It also offers a mobile app that lets admins and employees access the platform while on the move. |
| Onboarding | Multiplier also generates contracts in minutes and helps new employees upload their information and sign documents in just as little time. It can then take between one and seven days to complete onboarding, depending on the country where the employee resides. |
| Contractor Management Services | Like Deel, Multiplier offers two tiers of contractor management services. Its basic service, priced at $40/contractor per month, lets you generate contracts, manage invoices, and pay contractors in over 120 currencies and crypto. It also offers a COR service (which it calls Agent of Record or AOR) that provides expert support, compliance management, and protection against penalties. Pricing for this service is tailored to the client’s needs. |
| Visa and Immigration Services | Multiplier has local immigration experts in over 140 countries who can help you sponsor visas and work permits for employees you want to relocate to different countries. |
| Global Payroll | Multiplier lets clients outsource payroll for the employees they have in entities around the world. Pricing is tailored to each client’s needs. |
Advantages of Partnering with Multiplier
| Simple Platform | While its platform is light on features, it’s very easy to learn and use daily, even for new administrators. |
| Data Security | Multiplier complies with GDPR, PCS-DSS, and SOC 2 standards for data security, and also holds ISO 27001, 27017, and 27018 certifications. |
| Affordable EOR | Multiplier’s starting price of $400/employee per month makes it affordable for small and mid-sized businesses (SMBs). |
| Supplementary Benefits | Multiplier helps clients provide health, vision, dental, and life insurance; private pensions; and ESOPs for their employees. |
Best Use Cases for Deel
Deel’s platform is full of features and offers a load of integrations. It’s therefore a good choice for companies that want everything organized in a single piece of software. It also provides 24/7 support, and this makes it a good choice for clients who place a strong focus on their employees’ needs.
Best Use Cases for Multiplier
Multiplier is more affordable for EOR and contractor services. This means it’s a good choice for smaller SMBs that need to focus more on price when hiring employees and contractors than on HR management tools.
The Final Word: Deel vs. Multiplier
These two providers have very different approaches to their service provisions, and that means neither is a clear winner. Instead, clients will need to make a choice between a more affordable price (Multiplier) and more extensive services (Deel) when they select their ideal EOR partner.
Learn how Deel compares with other providers in our comparison guides.
Or alternatively, get in touch with RemotePad’s EOR experts for tailored hiring advice.
