Multiplier Review: Better Payroll, EOR, and HR to Seamlessly Navigate Global Employment

In a rapidly evolving world of work, where remote and hybrid work models have become the new normal, Multiplier emerges as a comprehensive platform that promises to be a game-changer for companies dealing with the intricacies of international employment, payroll, compliance, and benefits. 

In this review, I delve into the platform’s offerings, examining its features and capabilities across various crucial aspects.

What is Multiplier?

Multiplier positions itself as more than just a tool; it’s a strategic partner that empowers businesses to effortlessly manage their global workforce. 

By handling the complexities of payroll, taxes, compliance, and benefits administration, Multiplier aims to free up valuable time and resources for companies to focus on their core objectives—expanding into new markets and fostering international growth.

Features and Solutions of Multiplier

From hiring and onboarding to facilitating freelancer relationships and managing a global payroll, Multiplier’s capabilities extend far beyond conventional boundaries.

1. Hiring and onboarding global employees

Hiring and onboarding employees across borders often involves intricate legal and procedural hurdles. 

Multiplier simplifies this process by allowing companies to bring aboard global talent without the need for establishing local entities. The process can be broken down into these key steps:

• Hire your employees: Choose the best candidate for the role, regardless of location.
• Onboard with multiplier: Instantly generate compliant contracts on Multiplier’s platform, minimizing administrative delays.
• Seamless Integration: Employees get onboarded onto Multiplier’s payroll system, ensuring accurate and timely compensation.
• Smooth Payroll Processing: Multiplier handles monthly payroll in the employee’s local currency, enhancing the employee experience.

Why should you employ full-time global employees on multiplier?

Employing global teams comes with inherent challenges, from tax compliance to social contributions. 

Multiplier’s legal experts provide on-ground support, ensuring that businesses can confidently navigate these complexities. 

• View & Track Insurance Details: Gain a centralized view of insurance details directly from the platform, enabling effortless tracking and management of employee insurance coverage.
• Effortless Time-Off Management: Seamlessly manage employee time-offs through Multiplier’s intuitive interface. Access valuable time-off reports to ensure efficient workforce planning.
• Holiday Calendar Planning: Utilize the holiday calendar feature to strategically plan leaves for your overseas employees. This ensures a smooth workflow even when team members are on vacation.
• Global Rewards and Incentives: Recognize and motivate your global employees by using Multiplier’s platform to offer bonuses and other allowances. A streamlined process ensures fair and transparent rewards.
• Delightful Onboarding: Multiplier aims to make onboarding a memorable experience for your global team members. The platform offers a range of services to create a smooth and welcoming entry into your company culture.
• Adheres to regulations everywhere: The platform’s emphasis on adhering to regulatory compliance helps businesses avoid the risks and fines associated with non-compliance.
• Bonuses and Allowances: Reward your global team with bonuses and allowances, all managed seamlessly on the platform.
• Global Onboarding Experience: Provide assets like laptops and accessories to overseas employees during onboarding, handled end-to-end by Multiplier.

 

 

2. Hiring and working with freelancers, everywhere

Multiplier recognizes the growing significance of freelancers in today’s workforce and offers a platform that streamlines their management, invoicing, and payments. 

With the global gig economy on the rise, Multiplier ensures that businesses can work with freelancers confidently and efficiently.

Multiplier’s freelance solutions

Handling freelancers can be a legal minefield, with concerns about worker misclassification and payment hurdles. Multiplier’s platform tackles these challenges:

• Assessment Tool: Use a handy assessment tool to determine whether a freelancer should be classified as an employee or independent contractor.
• Swift Payments: Pay freelancers in their preferred currencies, even across multiple countries, with a single click.
• Comprehensive Freelancer Management: Handle invoices, expenses, and timesheets directly through Multiplier, providing a centralized view of all freelancer-related activities.

Feature-Rich Freelancer Management

Multiplier’s freelancing module is replete with features that make managing freelancers a breeze:

• Instant Contracts: Generate locally compliant contracts within minutes, safeguarding both parties.
• Effortless Invoicing: Streamline invoice management, making payments for multiple freelancers a straightforward process.
• Multi-Currency Support: Facilitate payments in various currencies, ensuring ease of transactions across borders.
• Expense Reimbursement: Freelancers can file expenses and get reimbursed seamlessly through the platform.
• Crypto Payments: Multiplier even offers support for payments in cryptocurrencies, catering to the evolving financial landscape.

How to hire freelancers the right way with Multiplier

Hiring freelancers through Multiplier is designed to be a user-friendly process:

• Select the Best Fit: Choose the freelancer best suited for your project.
• Instant Onboarding: Generate contracts promptly through Multiplier.
• Effortless Invoicing: Freelancers send invoices for their services.
• Efficient Payment: Approve and initiate payments for multiple freelancers in one go

 

3. Simplifying Global Payroll Processing

Multiplier’s Global Payroll feature is tailored to ensure that businesses can efficiently manage payroll and payments across different countries. The features under this segment cater to both full-time employees and freelancers:

• Freelancer Payments: Add freelancers to the platform and facilitate quick payments in their local currencies.
• Compliance Assurance: Multiplier takes care of ensuring payments adhere to local corporate and tax laws.
• Expense Management: Empower employees and freelancers to submit reimbursement claims, streamlining the process.
• Accurate Time Tracking: From accurate payroll to invoicing for billable hours, Multiplier’s timesheets cover it all.
• Unified Payment System: Process multiple salaries, freelancer payments, and reimbursements in a single invoice, in the currency of choice.

 

4. Comprehensive Global Benefits

Multiplier understands the significance of providing globally competitive benefits to international employees. With the platform’s robust approach to benefits administration, companies can offer attractive packages while meeting local compliance requirements:

• Tailored Benefits: Multiplier’s benefits packages cater to unique requirements in different countries, ensuring employees feel valued and secure.
• Centralized Management: Eliminate the need for country-specific vendors by managing benefits for global teams through the Multiplier platform.

 

Multiplier’s Pricing and Plans

Multiplier’s pricing structure is a refreshing departure from hidden fees and complex pricing models. The platform’s commitment to transparency is evident through its straightforward and easy-to-understand pricing plans:

• Hiring Employees: Plans start from $400/month onwards, covering a range of essential services.
• Paying Freelancers: For as low as $40/month, companies can access Multiplier’s freelancer management capabilities.
• Global Payroll: Plans for global payroll processing begin from $39/month.
• Employee Insurance: Avail cost-effective and locally competitive insurance starting from $20/month.

Conclusion and final verdict

Multiplier shines as a comprehensive platform that addresses the intricate challenges of international employment, payroll, compliance, and benefits.

With an array of features catering to every facet of the employment lifecycle, Multiplier provides a holistic solution for businesses aiming to navigate the complexities of a global workforce. Its commitment to transparency and a user-friendly interface make it a potential ally for companies looking to thrive in global markets.