Teams have been going global over the past decade. Accelerated by the pandemic, companies have quickly realized remote work can both improve quality of life for employees and help them access a larger pool of talent, all while curbing operational costs. The problem? Tools to hire and onboard international employees are a bit outdated. Like, Windows 98 outdated.
Hiring employees abroad can be a daunting (and expensive) task. You usually need a local office, your address registered as a subsidiary, an account with a local bank, all while having to navigate regional payroll, tax, and HR laws. This process can take months and has to be done in each country you plan to hire in.
Previously, the fastest way to get around this was hiring your team as independent contractors. Now, with our latest update, team members can just as quickly be hired as employees. And it’s all done straight from your Deel account!
We take care of everything for you
Now, in just a few clicks, companies can hire employees in over 150 countries using Deel. As an employer, simply log into your account and seamlessly onboard international employees for a transparent fixed-fee without the need to set up a new local entity.
By becoming an 'Employer of Record' we manage everything for you. What does this mean exactly? Well, in countries where we have a subsidiary, we hire the employees on your behalf, which saves you the time and money that comes with having to set up a legal entity. All with the assurance and compliance of local laws.
Your team will "technically" be on our payroll, but they still work for you, just like any other employee. They’ll sign a localized contract making it clear the role and responsibilities they have at your company. On top of that, we’ll handle health insurance, social and pension contributions, and income tax.
Lastly, in countries where we don't currently have a subsidiary, we work alongside the most reputable area partners who become an 'Employer of Record' on your behalf. We have 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, we intentionally work with area experts to expedite the process and ensure you're getting the best support.