Multiplier vs Omnipresent: 2024 EOR Comparison

Companies increasingly turn to Employer of Record (EOR) services to expand their international presence and tap into global talent pools in today’s rapidly evolving global business landscape. Two prominent players in this space are Multiplier and Omnipresent.

Both offer robust global hiring, payroll, and compliance management solutions, but each has unique strengths and limitations that make them better suited to different types of businesses.

Multiplier, a relatively new entrant in the EOR market, has quickly gained traction with its competitive pricing and strong focus on the Asia-Pacific region.

On the other hand, Omnipresent, founded in 2019, has rapidly expanded its services to over 160 countries, offering a highly efficient platform designed to save time and money for businesses looking to hire globally.

In this comprehensive review, I’ll delve into both platforms’ key features, pricing structures, and potential drawbacks. By comparing Multiplier vs Omnipresent, I aim to help you determine which meets your business needs, whether you’re managing a small startup or a large enterprise with complex global operations.

Overview of Multiplier and Omnipresent

Overview of Multiplier

Multiplier is a global employment solution that offers Employer of Record (EOR) services to manage and expand teams worldwide. Founded in 2020, Multiplier has quickly established itself as a competitive player in the EOR market, particularly in Southeast and South Asia.

Key features of Multiplier include:

• Global reach covering 150+ countries
• Competitive pricing structure
• Comprehensive payroll and compliance management
• Self-service portal for easy management
• Detailed reporting capabilities
• API for integration with existing systems

Here’s a summary of key information about Multiplier:

Also, read our in-depth Multiplier Review

Overview of Omnipresent

Omnipresent is a Global Employer of Record (EOR) that enables clients to hire employees worldwide compliantly. Founded in 2019, Omnipresent has quickly expanded its services and raised significant funding to support its growth.

Key features of Omnipresent include:

• Global coverage in 160+ countries
• Highly efficient OmniPlatform for managing remote teams
• Comprehensive compliance and legal support
• Integration capabilities with existing HR systems
• Employee visa sponsorship in select countries
• Dedicated customer success and account management

Here’s a summary of key information about Omnipresent:

Multiplier vs Omnipresent At a Glance

Before we dive into the detailed comparison, here’s a comprehensive table that quickly shows how Multiplier and Omnipresent compare on the most important features and information, including pricing:

Key Features of Multiplier

Global Reach and EOR Services

Multiplier offers Employer of Record services in over 150 countries, allowing businesses to hire and manage international employees without establishing local entities.

This extensive coverage makes it an attractive option for companies looking to expand their global footprint quickly and efficiently.

The platform’s EOR services handle all aspects of employment, including contract generation, payroll processing, and compliance management.

This comprehensive approach enables businesses to focus on their core operations while Multiplier takes care of the complexities of international employment.

Competitive Pricing

One of Multiplier’s standout features is its competitive pricing structure. With EOR services starting at $400 per month and contractor management at $40 per contractor per month, Multiplier offers an affordable solution for businesses of all sizes, particularly those just beginning their global expansion.

This pricing model is especially attractive for small—to medium-sized businesses and startups that want to hire international talent without breaking the bank.

Using an EOR allows you to embrace the lowest total cost of ownership (TCO) of employing a global team. EORs minimize the upfront costs of expansion, eliminate legal compliance risks, and make it easy to manage HR operations efficiently.

EORs like Multiplier are a valuable investment to companies looking to hire internationally. In a world of talent crunch and high interest rates, the need for businesses to continue growing and expanding across borders is only increasing, and you’ll need an EOR that can match your pace

– Rimmi Kesari, Partner Marketing Specialist at Multiplier

Comprehensive Payroll and Compliance Management

Multiplier’s platform offers robust payroll and compliance management features. The system ensures that all employees are paid accurately and on time, regardless of their location.

It handles currency conversions, tax calculations, and statutory deductions and ensures compliance with local labor laws and regulations.

The compliance management feature is particularly noteworthy, as it helps businesses navigate the complex landscape of international employment laws.

At Multiplier, our wider security philosophy, which we call security by design, is central to our focus. Security is embedded at the core of everything we do, rather than treating it as an afterthought.

This dedication to security and privacy is integral to our mission of being a unified, global system of record that simplifies employment worldwide.

Multiplier is proud to be SOC2 Type 2 compliant & ISO 27001:2022 certified!

– Rimmi Kesari, Partner Marketing Specialist at Multiplier

Multiplier’s team of experts keeps abreast of regulatory changes in all supported countries, providing employers with peace of mind.

User-Friendly Self-Service Portal

Multiplier provides a user-friendly self-service portal that allows businesses to manage their global workforce efficiently.

Employers can initiate onboarding processes through this portal, review and amend contracts, and manage payroll for all their international employees.

The portal’s intuitive interface makes it easy for HR teams to handle day-to-day tasks related to their global workforce, saving time and reducing potential errors.

Detailed Reporting Capabilities

Another key feature of Multiplier is its detailed reporting capabilities. The platform generates comprehensive reports on various aspects of global employment, including payroll, benefits, and compliance.

These reports provide valuable insights to help businesses make informed decisions about their international workforce strategies.

Key Features of Omnipresent

Highly Efficient OmniPlatform

At the heart of Omnipresent’s offering is the OmniPlatform, a highly efficient online portal to streamline global HR processes.

The platform allows business owners to initiate onboarding for new hires, review and amend contracts, and pay all international employees through a single consolidated monthly invoice.

Omnipresent boasts significant time savings compared to competitors. For instance, they claim that onboarding processes typically take up to 13 hours through some competitors’ platforms and can be accomplished in just 6 hours through the Omni platform.

Comprehensive Global Coverage

Omnipresent offers Employer of Record services in over 160 countries worldwide, slightly edging out Multiplier regarding global coverage.

This extensive reach allows businesses to hire talent from a vast pool of international professionals, giving them access to diverse skill sets and potentially cost-effective labor markets.

Tailored Benefits Packages

Omnipresent provides custom-tailored benefits packages to each labor market to ensure local compliance and competitiveness. This approach ensures that employees receive appropriate benefits according to local standards and regulations, which can be a significant factor in attracting and retaining top talent.

Dedicated Support Team

Each client is assigned a Customer Success Manager and an Account Manager. The Customer Success Manager serves as the main daily point of contact, handling questions regarding existing employees, compliance, benefits, and signing up new employees to the platform.

The Account Manager provides consultation on which labor markets are best suited for particular industries and clients’ needs, helping to develop an overall team-building strategy.

Visa Sponsorship

Unlike many EOR providers, Omnipresent offers visa sponsorship services in 50 select countries. This feature allows companies to bring their remote employees to their home office if desired, providing flexibility in workforce management that many competitors don’t offer.

Multiplier Pricing and Plans

Multiplier offers a straightforward pricing structure:

• EOR services: Starting at $400 per month
• Contractor management: $40 per contractor per month

While detailed pricing tiers are not publicly available, Multiplier’s pricing is generally considered competitive in the EOR market, especially for businesses looking to hire in Southeast and South Asia.

Omnipresent Pricing and Plans

Omnipresent’s pricing structure is as follows:

• EOR services: Starting at £499 per employee per month
• Contractor management: £29 per contractor per month

Omnipresent’s pricing is only available by contacting a representative, suggesting that they may offer custom pricing options based on the specific needs of each business.

Both companies likely offer volume discounts for businesses hiring multiple employees, but specific details are not publicly available.

Multiplier Pros and Cons

Omnipresent Pros and Cons

Head-to-Head: Simulated Real-World Scenarios

Scenario 1: Small Business Going Global (Winner: Multiplier)

A small e-commerce business wants to hire its first international employees in Southeast Asia.

Multiplier’s advantage:

• More competitive pricing (starting at $400/month vs. Omnipresent’s $599/employee/month)
• Strong focus on Southeast Asia
• User-friendly self-service portal ideal for small businesses

For a small business with budget constraints, Multiplier’s lower pricing and regional expertise make it a more cost-effective choice for initial global expansion.

Scenario 2: Compliance in Challenging Markets (Winner: Omnipresent)

A mid-sized company must hire employees in countries with complex labor laws and regulations.

Omnipresent’s strengths:

• Extensive network of local legal experts
• Custom-tailored benefits packages for each market
• Comprehensive compliance database covering all 160+ countries

While both platforms offer compliance support, Omnipresent’s more extensive legal network and tailored approach to benefits give it an edge in navigating complex regulatory environments.

When to Consider Other EOR Providers

While Multiplier and Omnipresent offer robust EOR solutions, there are scenarios where other providers might be more suitable:

Specialized Industry Needs: Deel

For businesses in industries with unique compliance requirements, Deel might be a better option. Deel offers specialized features for industries like financial services and healthcare, with a strong focus on compliance and legal support.

Extensive HR Software Integration: Rippling

Rippling could be a better choice if your business requires seamless integration with a wide range of HR, IT, and finance systems. Rippling offers an all-in-one platform that combines EOR services with extensive HR and IT management capabilities.

Region-Specific Expansion: Remote

Remote might be a better fit for companies focusing on specific regions. Remote operates its legal entities in many countries, offering more direct control over the employment process in those regions.

Who I Recommend Multiplier To

Multiplier is an excellent choice for:

1. Small to medium-sized businesses looking for a cost-effective EOR solution
2. Companies focusing on expansion in Southeast and South Asia
3. Startups and scale-ups that need a user-friendly, self-service platform
4. Businesses that prioritize detailed reporting and analytics

Multiplier has helped more than 2,000 customers tap into global talent pools in 150+ countries, allowing them to hire the right people for the role—no matter where they are.

We support our customers by taking care of their employment contracts, payroll, taxes, and benefits, eliminating the need to open a legal entity abroad.

– Rimmi Kesari, Partner Marketing Specialist at Multiplier

Multiplier’s competitive pricing and strong regional focus make it particularly attractive for companies in the early stages of global expansion, especially those targeting Asian markets.

Its user-friendly platform and comprehensive reporting features provide a good balance of functionality and ease of use for growing businesses.

Who I Recommend Omnipresent To

Omnipresent is well-suited for:

1. Mid-sized to large companies planning rapid global expansion
2. Businesses that require extensive compliance support in multiple countries
3. Companies that value time-saving efficiency in their HR processes
4. Organizations that may need visa sponsorship services

Omnipresent’s highly efficient platform and wider global coverage make it ideal for businesses with ambitious international growth plans.

Its dedicated support team and tailored benefits packages are particularly valuable for companies expanding into multiple, diverse markets simultaneously.

Final Thoughts and Conclusion

Multiplier and Omnipresent offer robust Employer of Record services, but they cater to different needs within the global hiring landscape.

Multiplier stands out with its competitive pricing and focus on Southeast and South Asia. Its user-friendly platform and detailed reporting capabilities make it an excellent choice for small to medium-sized businesses, startups, and companies specifically targeting Asian markets.

Omnipresent, on the other hand, offers a wider global reach and a highly efficient platform designed to save time in managing a global workforce. Its dedicated support team, tailored benefits packages, and visa sponsorship services make it well-suited for mid-sized to large companies planning rapid, multi-country expansion.

Ultimately, choosing between Multiplier and Omnipresent will depend on your business needs, budget, target regions, and growth plans. When deciding, consider factors such as pricing, global coverage, platform efficiency, and specific features like visa sponsorship.

Remember, the best EOR solution aligns closely with your company’s unique requirements and long-term international expansion strategy.

Multiplier vs. Omnipresent FAQs