Cheapest Employer of Record Services of 2024

Remofirst offers 10 key features that set it apart.

These key features include:

• Competitive Pricing: Starting at $199 per employee per month for EOR services and $25 per contractor per month for contractor management. This makes Remofirst one of the most affordable EOR solutions in the market.
• Global Coverage: Provides EOR services in over 180 countries, offering extensive global reach for businesses looking to expand internationally.
• User-Friendly Platform: An intuitive dashboard that provides a clear overview of employees, contractors, and associated costs, making it easy for businesses to manage their global workforce.
• Compliance Management: Ensures adherence to local labor laws and regulations across all countries, handling tax filings and statutory requirements to keep businesses compliant.
• Automated Payroll Processing: Calculates payroll including taxes, social contributions, and benefits automatically, supporting multiple currencies for global payments.
• Fast Onboarding: Streamlined employee onboarding process, typically completed within 5-7 business days, allowing businesses to quickly bring on new talent.
• Benefits Administration: Offers RemoHealth for global health insurance coverage and supports equipment delivery and other benefits, helping businesses attract and retain top talent.
• Contractor Management: Simplifies the process of onboarding and paying international contractors, expanding the types of global talent businesses can easily work with.
• Transparent Pricing: No hidden fees or long-term commitments, with a pay-as-you-go model that doesn’t require upfront deposits, providing financial flexibility for businesses.
• Dedicated Support: Offers dedicated account managers and 24/7 customer service, ensuring businesses have the support they need to manage their global workforce effectively.

Teamed offers 8 key features that set it apart.

These key features include:

• Global Coverage: Operates in over 150 countries, including specialized regions like Guam and comprehensive EOR services in complex markets like Switzerland and Italy where other providers may have limitations.
• Comprehensive Payroll Management: Handles payroll in 50+ currencies, including cryptocurrencies, ensuring compliance with local regulations.
• Fast Onboarding Process: Provides tailored onboarding within 24 hours, including customized contract creation and training.
• Offboarding Management: Handles all aspects of employee departures, including legal HR issues like redundancies or dismissals.
• Platform Management: Offers easy management of contracts, time-off requests, and expenses through a unified platform.
• Local Compliance: Ensures adherence to local tax regulations and social security requirements across all operational countries.
• Benefits Administration: Manages employee benefits according to local standards and requirements.
• Flexible Payment Options: Supports multiple payment methods, including traditional currencies and cryptocurrencies.

Multiplier offers 9 key features that set it apart.

These key features include:

• Global Employment Solutions: Enables hiring in over 150 countries without establishing local entities, facilitating rapid international team expansion often within 24 hours.
• Comprehensive Payroll Management: Processes multi-currency payroll in 120+ currencies, handling tax calculations, deductions, bonuses, and social contributions automatically.
• Compliance and Legal Support: Ensures adherence to local labor laws, crafts compliant multilingual contracts, and manages country-specific tax and statutory requirements.
• Benefits Administration: Offers locally competitive insurance and customizable benefits packages, including options for dependent coverage across different countries.
• Expense Management: Simplifies submission, reimbursement, and integration of employee expenses with payroll cycles.
• Contractor Management: Supports onboarding, management, and payments for international freelancers in their preferred currencies.
• User-Friendly Platform: Provides an intuitive dashboard for streamlined workforce management, featuring real-time updates and notifications.
• Customer Support: Offers guidance throughout setup and ongoing support for HR and compliance issues, backed by local experts in various countries.
• Cost-Effective Pricing: Provides competitive rates starting at $400 per employee per month for EOR services, with potential savings of 70-90% compared to traditional solutions and no hidden fees.

Rippling offers 10 key features that set it apart.

These key features include:

• Unified Platform: Integrates HR, IT, and Finance functions in one system, allowing seamless management of employee data, payroll, and company resources.
• Global Payroll Solution: Handles payroll processing in 185+ countries, supporting multiple currencies and tax regulations.
• Employer of Record (EOR) Services: Enables companies to hire internationally without setting up local entities, managing compliance and local regulations.
• Comprehensive HR Management: Streamlines onboarding, benefits administration, time tracking, and employee lifecycle events.
• IT and Device Management: Allows centralized control over company devices, software licenses, and security protocols.
• Benefits Administration: Offers locally aligned benefits packages with multiple tiers in most markets.
• Compliance Management: Continuously flags potential compliance risks and handles local tax filings and regulatory requirements.
• Reporting and Analytics: Provides centralized, granular reporting for workforce data to support informed decision-making.
• App Integrations: Easily integrates with a wide range of third-party applications, enhancing workflow efficiency.
• Fast Onboarding: Enables quick employee onboarding, often within minutes, streamlining the hiring process.

Remote offers 10 key features that set it apart.

These key features include:

• Global Employment Solutions: Enables hiring in over 180 countries without establishing local entities, supporting rapid international expansion.
• Owned Entity Model: Operates its own legal entities in each country, ensuring better control over billing, employee experience, and data protection.
• Transparent Pricing: Offers flat-rate pricing starting at $599 per employee per month for annual plans, with no hidden fees or minimum commitments.
• Comprehensive HR Services: Manages the full employee lifecycle, including onboarding, payroll, benefits, and compliance with local regulations.
• Intellectual Property Protection: Provides Remote IP Guard to ensure strong intellectual property protections for clients.
• User-Friendly Platform: Features an intuitive interface for managing both employees and contractors globally with minimal training required.
• Flexible Benefits Administration: Offers competitive, localized benefits packages with multiple tiers in most markets, including health insurance and pension plans.
• Global Payroll Solution: Recently introduced Remote Global Payroll for companies with existing entities, streamlining multi-country payroll management.
• Compliance and Security: Incorporates built-in compliance features like Remote Watchtower and adheres to global data protection regulations.
• Equity Incentives Support: Provides compliant equity incentives support, including withholding and reporting.

Deel offers 10 key features that set it apart.

These key features include:

• Global Payroll: Processes payroll in multiple currencies and supports various payment methods, including cryptocurrency.
• Automated Compliance: Continuously monitors and flags potential compliance risks across multiple jurisdictions.
• Employer of Record (EOR) Services: Enables companies to hire employees in over 150 countries without setting up local entities.
• Contractor Management: Allows management of both employees and contractors on the same platform.
• Legal Contracts: Generates locally compliant employment contracts tailored to each country’s regulations.
• Benefits Administration: Provides locally aligned benefits packages with multiple tiers in most markets.
• Onboarding and Offboarding: Streamlines the employee lifecycle management process from hiring to departure.
• Expense Management: Facilitates expense submission and reimbursement for global teams.
• Reporting and Analytics: Offers centralized, granular reporting for workforce data to support informed decision-making.
• Visa and Immigration Support: Assists with work visa and immigration processes for international hires.

Oyster HR offers 8 key features that set it apart.

These key features include:

• Global Hiring Platform: Simplifies hiring across borders, managing everything from job postings to employment contracts in over 180 countries.
• Compliance Management: Ensures adherence to local labor laws and regulations in each country, minimizing legal risks.
• Payroll Processing: Handles payroll calculations, payments, and tax withholdings in over 120 currencies.
• Benefits Administration: Offers locally aligned benefits packages with multiple tiers in most markets.
• Contractor Management: Allows management of both employees and contractors on the same platform, with easy conversion options.
• Global Payroll Solution: Recently introduced for companies with existing entities, expanding service offerings.
• Visa and Immigration Support: Assists with work visa and immigration processes for international hires.
• Oyster Academy: Provides a platform for upskilling employees, enhancing talent development.

Papaya Global offers 8 key features that set it apart.

These key features include:

• Global Payroll Management: Supports payroll processing in 160+ countries and multiple currencies, ensuring accurate and timely payments.
• Embedded Payments: Offers near-instantaneous payments in local currencies through its regulated payments network, minimizing payroll leakage.
• Compliance Management: Ensures adherence to local labor laws and regulations across all operational countries, reducing legal risks.
• HR and Payroll Analytics: Provides detailed reporting and predictive analytics, offering insights for strategic decision-making.
• Employee Self-Service Portal: Allows employees to access payroll data, pay stubs, and PTO information, enhancing transparency and reducing HR workload.
• Benefits Administration: Offers competitive, locally-aligned benefits packages tailored to each country’s norms and expectations.
• Contract Lifecycle Management (CLM): Helps create and maintain compliant contracts, streamlining the hiring process.
• AI-Powered Automation: Reduces manual work in payroll calculations and tax submissions, increasing efficiency and accuracy.