Deel functions as a comprehensive global hiring and payroll platform designed to simplify how companies employ and pay their international workforce, whether they are full-time employees or independent contractors. It streamlines the complex processes of onboarding, compliance, and payments, enabling businesses to expand their teams globally with ease and confidence.
Simplifying Global Hiring
At its core, Deel provides a unified platform that acts as an intermediary, navigating the intricacies of international labor laws, tax regulations, and payroll processing. This means companies can hire talent worldwide without needing to establish legal entities in each country, significantly reducing administrative burden and risk.
Key Services Deel Offers
Deel's service model is built around two primary pillars: Employer of Record (EOR) services for employees and Agent of Record (AOR) services for contractors, alongside direct payroll management for existing entities.
Employer of Record (EOR) Services
For companies looking to hire full-time employees in countries where they don't have a legal presence, Deel acts as the Employer of Record. In this setup:
- Legal Employment: Deel's local entities legally employ your global talent on your behalf.
- Payroll Management: Deel handles all aspects of payroll, including local taxes, social contributions, and benefits administration, ensuring compliance with local regulations.
- HR and Compliance: They manage HR tasks like onboarding, contracts, expenses, time off, and ensure adherence to local labor laws, minimizing legal risks for your company.
- Benefit Provision: Deel can also provide locally compliant benefits packages to attract and retain talent.
Agent of Record (AOR) Services
When it comes to engaging independent contractors globally, Deel offers Agent of Record (AOR) services. Deel facilitates the hiring and payment processes for contractors, ensuring that companies can confidently and compliantly engage contractors and manage them under the same global platform alongside their Employer of Record employees and direct employees. This means:
- Contractor Compliance: Deel helps ensure that contractors are correctly classified according to local regulations, mitigating misclassification risks.
- Streamlined Payments: Companies can pay contractors in their preferred currency, with Deel handling the payment processing and invoicing.
- Unified Management: The platform provides a single interface to manage all contractor agreements, invoices, and payments, offering a clear overview of your extended workforce.
How Deel Works in Practice
The process of using Deel is generally straightforward, designed to be user-friendly from onboarding to ongoing payroll.
- Define Your Hiring Needs: You specify whether you're hiring an employee or a contractor and their location.
- Onboard Talent: Using Deel's platform, you generate compliant contracts for your new hires. Deel guides you through collecting necessary documents and information.
- Manage Payments: For employees, Deel processes payroll, taxes, and benefits according to local laws. For contractors, Deel manages invoicing and payments in local currencies, ensuring timely and accurate disbursements.
- Unified Dashboard: All your global hires – EOR employees, AOR contractors, and even direct employees if you manage them through Deel's payroll solutions – are accessible from a single dashboard. This allows for centralized management of expenses, time off, and document storage.
- Compliance Assurance: Deel continuously monitors changes in global labor laws and tax regulations, updating processes to ensure your operations remain compliant without you needing to track every detail.
Benefits of Using Deel
Deel's approach offers several significant advantages for businesses looking to build a global team:
- Global Reach: Hire anyone, anywhere, regardless of where your company is based.
- Cost Efficiency: Avoid the need for costly and time-consuming international entity setup.
- Compliance & Risk Mitigation: Deel handles the complexities of international labor laws, taxes, and contractor classification, significantly reducing compliance risks.
- Simplified Operations: Consolidate global payroll, HR, and contractor management into one intuitive platform.
- Scalability: Easily scale your team up or down without the administrative burden typically associated with international employment.
In essence, Deel acts as a global employment partner, taking on the administrative and compliance burdens of international hiring so companies can focus on finding the best talent and growing their business.
