Simplify payroll and compliance for global teams
In this episode of the Tekpon SaaS Podcast, host Cristian Dina interviews Scindia Balasingh, the global partner marketing director at Multiplier. Multiplier is an Employer of Records platform that simplifies payroll and compliance for global teams.
Scindia explains that Multiplier supports companies that want to access global talent without having their entities in different countries. They handle all the infrastructure, compliances, and payroll, allowing companies to hire talent from over 150 countries easily. This is especially beneficial for companies facing talent crunches in developed countries where labor costs are high compared to countries like the Philippines or India.
One of the key problems that Multiplier solves for companies is the challenge of hiring globally. Setting up local HR ops teams to understand labor laws, compliances, and tax laws in different countries can be time-consuming and costly. However, by partnering with Multiplier, companies can onboard talent from various countries within seven minutes without worrying about these complexities.
Multiplier offers three main products. The first is the employer of record service, which enables companies to easily hire and manage employees globally. The second is agents of record, which helps manage contractors’ operations and payroll. Lastly, they offer global payroll services, allowing companies to process payroll in any local currency across more than 150 countries.
One of the top features customers love about Multiplier is the simplicity and efficiency of onboarding employees. Within seven clicks, companies can provide an employer contract compliant with the respective country’s salary structure, insurance benefits, leave policy, and tax laws. This feature saves companies time and effort in understanding local regulations.
When asked about the differentiation of Multiplier from its competitors, Scindia highlights that Multiplier eliminates certain steps in the onboarding process, such as quote submission and approval, saving time and avoiding potential talent loss. They also take care of tasks like facial recognition and background checks, further streamlining the process. The quick onboarding time of seven minutes sets Multiplier apart from other competitors in the market.
How to start partnerships in SaaS
Finally, Scindia discusses the importance of partnerships for SaaS growth. She emphasizes that a single company can’t fulfill all the needs of HR, CFOs, or CSOs. Partnering with other companies specializing in different areas allows for a more comprehensive solution for customers. Multiplier partners with talent and recruitment agencies, creating a network where customers can access various services seamlessly.
In summary, Multiplier simplifies hiring global talent by providing employer of record, agent of record, and global payroll services. Their focus on streamlining the onboarding process and partnerships with other specialized companies make them a valuable solution for companies looking to expand globally.
