Deel is a payroll company that has been operating for over three years. The paltform allows you to hire whoever you want irrespective of their location within a few minutes. When it comes to team payroll, for your organization, they can also help you handle it. Hiring employees with Deel is very fast, easy, and flexible.
Starting from: $49/month
Pricing Model: Per Contractor
Yes, has free trial
No free version
- It is simple to use.
- Offers a detailed solution for remote payroll.
- Excellent UI/UX.
- You can cancel your subscription whenever you want.
- Provide you with tax forms, invoice generation, compliance documents collection, and localized contracts, all in a system of record.
- They should make their software more colorful.
- They only operate within 150 countries–it will be great if they increase the number.
- Small business
- Medium business
- Large enterprises
- Cloud, SaaS, Web-Based
The moment you hire employees with Deel, they handle any form of employment liability so that you can be compliant with the local laws in your country. Deel is compliant with GDPR and other privacy laws worldwide, so you don’t have to bother about having issues with the law. For anything that has to do with hiring, paying, and managing contractors and employees in over 150 countries and being compliant with the law. This platform is one of the best payroll companies you should use.
Deel is a payroll company that can manage your team’s payroll and international contract jobs. They handle localized compliance for you or your organization, and they have one system of payments. Everything they do is automated.
What is Deel?
Deel is a popular payroll company that assists organizations with team payroll, international contract jobs, contractor payroll, localized compliance, and many other things. They operate in one hundred and fifty countries through one dashboard.
This is basically a payroll platform that can help contractors or business owners automatically create invoices, handle timesheets and payment cycles, take care of different payment methods in one platform, and help them comply with international hiring laws such as localized contracts and tax forms. So, as a business owner, if you hire an employee in a different country from yours, Deel will serve as the Employer of Record (EOR), thus taking care of the money you would have spent creating a foreign entity.
How does Deel work?
This product works in different ways. For contracts, they help you create locally compliant contracts within a few minutes. They also sign, send and create contracts for your team in about one hundred and fifty countries. Moreover, this payroll service helps you gather and manage all your documents in one central place. Their collection is automatic, and they collect all the things you need to remain compliant. They also file your tax documents without much stress.
Moreover, you can make international payments. It is very affordable, fast, and simple to use. You can pay your team members within a few seconds and in about 120 currencies. You can also fund your payroll with mass payment and check your team’s salaries. Deel can also help you hire employees from anywhere globally, thus saving you time, resources and setting up a legal entity. In addition, they have a team of experts that takes care of local laws.
How does Deel work for contractors?
When a contractor creates contracts with Deel, Deel asks them to submit the necessary compliance documentation according to their country’s laws. Deel usually notifies the contractor about the request before they are made to upload those documents. Then, as the contractor, you can access and manage the compliance documents from the contract page at the left navigation bar. Deel also makes it possible for contractors to customize and edit their contracts within a few minutes.
Also, Deel works for contractors by helping them save their documents on Deel. It is usually kept under the compliance documentation tab either for reference purposes or for any other purpose.
Don’t judge a product by its design, but you can judge them by its features. Thus, let’s see what this amazing platform has to offer. Or for what are you paying for.
- Leave tracking
- Analytical reporting
- W-2 Preparation
- Self Service Portal
- Benefits Management
- HR and payroll
- Compliance management
- Contract management
- Compensation management
- Compliance reporting
- Deductions Management
- Direct Deposit
On Deel, you can begin for free. Also, their billing is done monthly, and you won’t be required to sign up with your credit card. Plus, you will be charged as soon as you have paid your new team member. To hire contractors easily, stay compliant with the local laws, and pay and manage your team, you will need to pay 49 dollars per contractor each month.
If you want to hire employees abroad without bothering about local laws, payroll taxes, and opening an entity, you will need to pay $499 per employee every month.
They also offer enterprise solutions for big businesses and also custom pricing and functionality. Deel provides startup contractor discounts too. So, as a VC-backed startup that has less than 10 million dollars in funding, you get fifty percent off your first year.
Payroll is not easy, but you can improve your process when you’re using the right tool. To make that process faster and better, Deel offers some integrations with other software like:
- QuickBooks Online
These integrations will help you manage better your business, contracts, and people.
Now, more than ever, in the given context, businesses are working with people all over the world. While people can speak a common language, accounting for a foreign contract can be such a pain. That’s why you should look after a good payroll platform that can help you with your contracts. Deel is one of them and is such an intuitive and easy-to-use tool. Yet, it may not be ideal for all businesses. Thus, let’s see what other alternatives you have in the market so that you can choose the right one for your business model.
- Papaya Global
Deel vs. Remote
In terms of audience, Deel is for organizations that need a payroll solution for their remote teams, while Remote is for organizations that need a solution to hire international employees and contractors in total compliance and within a few minutes. While Deel offers integrations with QuickBooks, QuickBooks Online, and Wurkr, Remote doesn’t. Deel is not SOC 2 Compliant, but Remote is. Yet, both platforms are GDPR compliant.
The contractor payment methods that the first platform uses are wire transfer and crypto, while the contractor payment methods that Remote uses are wire transfer. With both platforms, you can make payments in over one hundred and seventy countries.
For startups, Deel offers a 50 percent discount for the first year on only contractors while Remote is free for the first employee, and they also offer two months free for all other employees for one year with free contractor management.
And, for employees, Deel begins from 500 dollars per employee monthly and up to 800 dollars based on your country selection. At the same time, Remote is free for the first employee, then 299 dollars to 599 dollars for each employee per month based on your country selection.
Deel Review Conclusion
Businesses in different parts of the world use Deel to carry out multiple payments to their remote team members. Deel partners with various labor law professionals. They do that to reduce the risk involved in hiring people from other countries–they provide localized contracts that align with the labor laws of the concerned parties.
They also request all the necessary documents needed to hire an employee from that party. Moreover, with this payroll platform, you can operate in 150 countries, and paying your employees from any part of the world is made easy.