SAN FRANCISCO–(BUSINESS WIRE)–Deel, the all-in-one platform to hire anyone, anywhere, has automated the process of hiring international employees. Within their Deel account, employers can onboard international employees in minutes without setting up a local entity.
To hire an employee in a new country, you have to open a local office, register your address as a subsidiary, open a bank account locally and navigate complicated area specific laws for payroll, taxes, legal and HR. It’s an expensive and daunting task that can sometimes take months.
With Deel, companies can now hire employees in over 150 countries in just a few clicks. Employers simply log into Deel and onboard international employees for a fixed fee. No need to set up a new local entity.Deel takes care of the heavy lifting by becoming the ‘Employer of Record’. By hiring on the behalf of companies, Deel saves businesses time, cost, and the headache of having to set up a legal entity, all while ensuring compliance with local laws.
The employee will be on Deel’s payroll, but work for the company just like any other employee. Deel even handles their health insurance, social and pension contributions as well as income tax. Deel EOR enables employers to be unrestricted by a worker’s geographic location, allowing workers to get hired and paid in the country and currency of their choice. Currently Deel offers EOR services across the globe; where it has set up its own entities in 15 countries to date, and plans to be in 70+ countries by the end of 2021. For countries where local labour law systems are more complex Deel’s partners with local experts.
Deel currently offers EOR services across the globe. They’ve set up entities in 15 countries to-date, and plan to be in more than 70 by the end of 2021. In countries with more complex local labor laws, Deel partners with area experts to expedite the process.
Deel’s platform gives businesses automated access to:
- Local, compliant EOR support including insurance maintenance, tax filing, timesheet processing
- Customized full-time hiring, termination and contract management for workers across 150+ countries
- Centralized processing and funding of payroll for international teams, in 120+ currencies and via flexible payment methods, including cryptocurrency
- Cross-border HR benefits spanning healthcare and unique perks like Deel Advance, which provides access to pay up to 30 days early
As global businesses embrace remote work, there are increased opportunities for employers to expand their talent pool and market presence, and for employees to disregard geographic limits when looking for a new, full-time position. There are also, however, legal challenges when hiring international employees, from local labor laws to filing local taxes.
“Recruiting the right talent is challenging enough,” said founder and CEO Alex Bouaziz. “Once you find your next hire, Deel makes getting started a no brainer because the process is managed for you in a single place. As an EOR, Deel offers a guided, painless experience: we hire on your behalf, making international expansion not only more attainable, but more easily accessible.”
Deel has rapidly expanded its offering to equip employers with a holistic view of their teams, regardless of worker classification. Hiring and onboarding talent is logistics-heavy and compliance-rich. The automation of Deel EOR allows employers to move quickly, with the peace of mind that they are legally compliant and protected.
“The team at Deel has built a truly reliable and feature-rich global payroll product that is many years ahead of the market,” said Mikel Cármenes Cavia, Co-founder & VP, Engineering at Onfleet. “We currently employ folks across 7 different countries and fully trust Deel to power many more new hires as we grow our team in an increasingly remote and international way. We simply cannot wait to get our hands on the many exciting features on their roadmap, most of which will have a massive impact on our ability as a company to provide an employee experience as close to that of our domestic team members as possible to fleeters around the world.”
Deel is the first payroll platform for remote teams that connects localized compliance and payments in one system of record. The platform helps businesses of all sizes (from SMB’s to public companies) hire anyone anywhere, either as an independent contractor or full-time employee. Deel can complete payroll in more than 120+ currencies and has partnered with more than 200 labor law and accounting experts to create and deliver a library of localized contract templates that can be used to legally onboard international employees, in minutes. Find Deel online: https://www.letsdeel.com/