A global expansion allows companies to tap into a more diverse talent pool, reduce costs, and encourage innovation. Partnering with an Employer of Record (EOR) streamlines the process.
An EOR acts as an international employee’s legal employer, managing a wide range of human resources and administrative services, including onboarding, background checks, employment contracts, benefits administration, and global payroll, while ensuring compliance with local labor laws.
Employer of Record services enables businesses to legally and compliantly employ global teams in different countries without establishing local entities in each country where they want to hire.
Before selecting an EOR to manage your global workforce, there are several factors to consider, including coverage, capabilities, and cost.
Here, we’ll look at Papaya Global and some of its leading alternatives to help you decide which EOR is the right choice for your business.
Key takeaways:
- EORs allow companies to hire globally without the need to establish a physical entity in each country where they hire.
- Some EORs differentiate themselves by specializing in specific industries.
- Costs can vary widely between EORs, and some charge hidden fees
Papaya Global Overview
Before we examine the competition, here’s a brief overview of Papaya Global, which enables international hiring in over 160 countries, including payroll services.
While Papaya Global can help a variety of different companies with workforce management, the company specializes in a few specific industries, such as maritime, oil and gas, shipping, and iGaming.
In addition to the standard EOR offerings, Papaya Global provides customers with detailed HR analytics. They also offer some integrations with standard HR software and a mobile app.
Pricing starts at $599 per employee/month, and contractor management starts at $30 per person/month. Services such as Agent of Record and Workforce OS are available for an additional fee.
Deel
Deel enables companies to hire employees and contractors in over 150 countries. The company is known for emphasizing compliance management with local regulations and legal support.
Some of Deel’s key features include multiple API integrations with commonly used HR and international payroll management tools and a mobile app.
Deel’s starts at $599 per employee/month, with contractor pricing starting at $49 per person/month. Additional services, such as Deel Engage or Deel IT, are extra.
Multiplier
Multiplier is a global employment platform that helps businesses hire employees and contractors in more than 150 countries, including managing the onboarding process as well as offboarding.
Known for its flexible plans and focus on cost-effectiveness, Multiplier integrates with some popular HR and accounting platforms like Workday and BambooHR.
Pricing starts at $400 per employee/month and $49 per contractor/month.
Remote
Remote provides a full suite of global employer services, including HR management, payroll processing, and employee benefits packages.
Remote places a strong emphasis on compliance. Its Remote Watchtower monitors and adapts to global employment law changes and provides dedicated legal support when necessary.
Remote starts at $599 per employee/month for annual plans. Contractor management costs $29 per person/month. Additional services, like global recruiting, are available for additional fees.
Oyster
In addition to standard EOR solutions like benefits management and the ability to pay employees in their local currency, Oyster provides a range of API integration options with popular software such as HiBob and QuickBooks, along with free calculators that help calculate business costs, such as the Employment Cost Calculator and the Equity Assessment Tool.
Pricing begins at $599 per employee/month when billed annually or $699 when billed monthly. For contractors, the service is free for the first 30 days, then $29 per contractor per month after that.
RemoFirst
RemoFirst provides a wide range of services for companies hiring in over 180 countries, from background checks to healthcare benefits to visa services.
Dedicated customer service managers ensure that every company that partners with RemoFirst has one consistent point of contact. Onboarding with RemoFirst is fast, often taking as little as 24 hours or less, and RemoFirst can pay employees in their countries’ currencies.
RemoFirst starts at $199 per employee/month and starts at $29 per month to pay contractors. There’s also a free tier solely for contractor management.
Choosing the Right EOR for Your Business
Each EOR has its differentiators. Finding the one best suited to your business involves identifying those goals and needs. One company may prioritize tech integrations, while another might focus on pricing. Whatever your concerns, there is an EOR that will fit your company’s needs for global hiring and employee management.
Why Choose RemoFirst?
RemoFirst’s platform is straightforward and comprehensive, with best-in-class pricing for EOR services, including contract generation, onboarding, background checks, and compliance.
RemoFirst’s affordable, transparent pricing makes it an appealing option for companies of all sizes, especially startups and small businesses that need more flexibility when scaling up or down.
Book a demo now and learn how RemoFirst can serve you and your company’s needs.
