Multiplier is a leading global employment platform that simplifies the complexities of international hiring. By enabling businesses to hire employees in over 150 countries without setting up local entities, Multiplier has become a preferred choice for companies looking to expand globally. Below is a comprehensive review of Multiplier services and a detailed company profile.
Company profile
- Founded: 2020
- Headquarters: Singapore
- Core Focus: Global employment, international payroll, and compliance
- Clients: Multiplier serves a diverse client base, ranging from small businesses to large enterprises across industries such as technology, finance, and healthcare.
Key services offered by Multiplier
1. Employer of Record (EOR) services
Multiplier’s EOR service allows businesses to legally hire employees in multiple countries without the need for establishing a local entity. This includes:
- Employment contracts that comply with local laws.
- Onboarding and offboarding support.
- Management of employment taxes and statutory contributions.
2. International payroll services
Multiplier provides payroll solutions tailored to local regulations. Their platform ensures timely salary disbursements in employees’ preferred currencies while adhering to local tax requirements. Key features include:
- Automatic calculation of taxes, benefits, and deductions.
- Integration with accounting software.
- Transparent payslips for employees.
3. Global compliance management
Staying compliant with labour laws across countries is complex. Multiplier ensures businesses adhere to local legislation by handling:
- Employment contracts and documentation.
- Statutory benefits administration.
- Legal updates and compliance monitoring.
4. Contractor management
Multiplier also supports businesses in engaging independent contractors. They offer:
- Standardised agreements customised for each country.
- Automated payment processes.
- Compliance with local freelance and gig economy regulations.
5. Benefits administration
Multiplier helps employers offer competitive benefits packages, such as:
- Health and life insurance.
- Retirement plans.
- Paid time off and other statutory benefits, tailored to each region.
6. Immigration support
For businesses needing to relocate employees, Multiplier assists with visa and work permit applications, ensuring a smooth transition for international hires.
Multiplier pricing structure
Multiplier’s pricing is straightforward and based on a per-employee or per-contractor model. The costs are as follows:
- EOR services: Starting at £200–£400 per employee per month, depending on the location.
- Contractor management: Starting at £40 per contractor per month.
- Additional services: Customised pricing for immigration support and benefits administration.
Multiplier provides volume discounts for larger teams, making it cost-effective for businesses scaling their global workforce.
Pros and cons
Pros
- Ease of use: A user-friendly platform with a dashboard that offers real-time updates.
- Global reach: Support in over 150 countries with detailed local expertise.
- Compliance assurance: Reduces the risk of non-compliance with local labour laws.
- Flexible solutions: Options for both full-time employees and contractors.
Cons
- Higher costs: Pricing may be prohibitive for smaller businesses or startups.
- Limited customisation: Some benefits packages may lack flexibility in niche markets.
- Dependence on third parties: Immigration and benefit administration may involve external vendors.
Why choose Multiplier?
Multiplier is ideal for businesses that aim to expand globally without the hassle of navigating complex legal and administrative requirements. Its platform combines automation, compliance, and scalability, making it an excellent choice for companies of all sizes.
Verdict
Multiplier stands out in the global employment solutions market by simplifying international hiring and ensuring compliance with local labour laws.
While its costs may be a consideration for smaller firms, the benefits of its streamlined processes and global reach outweigh the expenses for many organisations.
For businesses aiming to expand internationally, Multiplier is a robust and reliable partner.
Alternatives
FAQ
Multiplier’s services are particularly beneficial for industries such as technology, finance, healthcare, retail, and manufacturing. Any business looking to expand internationally or hire remote talent can leverage their platform.
While Multiplier focuses on employment compliance, payroll, and benefits, employee training and development remain the responsibility of the hiring organisation.
Multiplier employs robust data encryption protocols and adheres to international data protection standards, such as GDPR, to secure sensitive employee and payroll information.
Yes, Multiplier supports contractor management, making it suitable for project-based or temporary hiring needs alongside full-time employment solutions.
The onboarding process typically takes a few days, depending on the country and the complexity of the local employment regulations.
Yes, their platform and customer support are available in multiple languages, ensuring seamless communication for global teams.
Yes, Multiplier provides support for offboarding employees, ensuring compliance with local termination laws and severance requirements.
Multiplier supports various payment methods, including bank transfers and direct deposits in local currencies, ensuring timely payments to employees.
Multiplier is suitable for startups, particularly those aiming to scale quickly and hire internationally. However, cost considerations should be evaluated, especially for smaller teams.
Yes, Multiplier integrates with various HR and payroll systems to streamline operations and ensure data consistency across platforms.