If you’re reading this, you’re probably exploring expanding your team internationally or streamlining your global workforce management. You’ve heard about Employer of Record (EOR) services and are considering Multiplier and Oyster HR as potential solutions for your business needs.
But you’re also probably uncertain about:
- How Multiplier and Oyster HR compare in terms of features, pricing, and global reach
- Which platform offers better compliance management and risk mitigation across multiple countries
- The user experience and ease of implementation for each service
- Whether Multiplier or Oyster HR is the right fit for your specific business size and industry
- The potential drawbacks or limitations of using either platform as your EOR
If that sounds familiar, this comprehensive comparison will provide the insights you need to make an informed decision. This detailed analysis could save you significant time in research and help you avoid potentially costly mistakes in your global expansion journey.
The key to choosing between Multiplier and Oyster HR lies in understanding their unique strengths and how they align with your specific business needs:
TLDR: Flexible vs Comprehensive Global EOR Solutions
- Multiplier: Best for startups and mid-sized companies seeking rapid global expansion with flexible, user-friendly solutions.
Take a look at Multiplier - Oyster HR: Ideal for large enterprises and companies prioritizing ethical hiring practices and global compliance management.
Try Oyster HR now
By the end of this comparison, you’ll understand the strengths and limitations of both Multiplier and Oyster HR, enabling you to choose the EOR solution that best fits your company’s global workforce needs, compliance requirements, and overall business strategy.
Multiplier
Country Coverage: 150+ Countries
G2 Rating: 4.7/5
EOR Pricing: $400 per employee/month
Contractor Pricing: $40 per contractor/month
Oyster HR
Country Coverage: 180+
G2 Rating: 4.4/5
EOR Pricing: $599 per employee/month
Contractor Pricing: $29 per contractor/month
What is Multiplier?
Multiplier is known for its straightforward approach to global workforce management. Founded in 2020, it quickly gained traction with its user-friendly interface and flexible pricing. Multiplier supports hiring in over 160 countries, making it ideal for businesses looking to expand rapidly without getting bogged down by complex local regulations.
The platform seamlessly handles payroll, benefits, and compliance, ensuring consistent employee management across different regions. With its strong emphasis on simplicity, Multiplier is a popular choice for startups and mid-sized businesses that need a scalable solution for international growth.
Multiplier’s proposition of remote hiring and employment without having to establish new markets or reallocate was an idea purpose-built for the post-COVID world, and the company was launched in November 2020.
In the words of our Co-Founder and CEO, Sagar Khatri – “Early in my career, I experienced firsthand the challenges of international expansion: the complex regulatory landscape, the daunting time constraints, and the substantial resource investments required to establish legal entities abroad. This experience ignited the spark that would become Multiplier.”
– Rimmi Kesari, Partner Marketing Specialist at Multiplier
Multiplier’s clients include PWC, The Economist, and Uber. As of August 2024, its valuation is $400M+.
Company Information
Read more in our comprehensive Multiplier review
What is Oyster HR?
Oyster HR focuses on building a more sustainable and ethical global workforce. Launched in 2019, Oyster HR has grown rapidly, supporting hiring in over 180 countries. It stands out for its commitment to fair employment practices, ensuring all employees, regardless of location, receive equitable treatment.
The platform excels in compliance and payroll, particularly for remote teams, making it a top pick for companies with a distributed workforce. Oyster HR’s focus on sustainability also appeals to businesses aiming to align their HR practices with broader corporate social responsibility goals. This platform is well-suited for companies prioritizing ethical hiring and long-term workforce stability. Some of their clients include Aston Martin, Payhawk, and Metadata. As of August 2024, they are evaluated at $1.2B+.
Recently, Oyster HR has raised $59 million in Series D funding led by Silver Lake Waterman. This investment boosts Oyster’s value to $1.2 billion and total funding to $286 million. Oyster plans to use the funds to expand its product offerings, enhance compliance, and help companies attract top talent. The company, which supports borderless teams with services like global payroll and visa sponsorships, aims to democratize access to global job opportunities. Over 40% of its workforce is in emerging markets, and it operates in over 180 countries, simplifying global employment for its clients.
Company Information
Read more in our comprehensive Oyster HR review
| Feature | Multiplier | Oyster HR |
|---|---|---|
| Year Founded | 2020 | 2019 |
| Countries Supported | 160+ | 180+ |
| Pricing Plans | $400 for EOR services, $40 for contractors | $599 for EOR services, $30 for contractors |
| Valuation | $400M+ | $1.2B+ |
What are the key features of Multiplier?
Multiplier platform offers several key features designed to streamline international employment. Here’s a detailed look at what the service provides:
- Global hiring without entities: Multiplier handles employment in 150+ countries without requiring you to establish legal entities, with same-day onboarding in many locations saving 3-6 months compared to traditional expansion methods.
- Multi-currency payroll processing: The platform manages payments in 120+ currencies with automatic tax calculations, deductions, and social contributions all from a unified dashboard.
- Comprehensive compliance management: Multiplier creates legally-compliant contracts in multiple languages and handles all local regulations, significantly reducing legal risks in complex markets like Europe and Asia.
- Localized benefits administration: Offers competitive insurance and customizable benefits packages specific to each country, though less extensive than some premium alternatives.
- Integrated contractor management: Process payments to international freelancers for just $40 monthly per contractor, with misclassification protection and currency flexibility.
- Time-off management system: Multiplier automatically calculates country-specific leave entitlements and public holidays, ensuring compliance with local regulations while providing employees with a simple request interface.
- Expense management tools: The platform streamlines international expense submissions, approval workflows, and reimbursements across different currencies, eliminating manual reconciliation processes.
What are the key features of Oyster HR?
Oyster HR platform offers several key features designed to streamline international employment. Here’s a detailed look at what the service provides:
- 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.
What are the benefits of using Multiplier?
The benefits of using Multiplier are:
- 70-90% cost reduction: Companies avoid entity setup costs ($20,000-$80,000 per country) plus ongoing compliance expenses, potentially saving hundreds of thousands in the first year.
- 24-hour international hiring: Bypass the typical 3-6 month entity establishment timeline to secure talent quickly and respond to market opportunities faster than competitors.
- Minimized legal exposure: Continuous monitoring of changing regulations across all countries protects against compliance violations that could result in penalties or reputation damage.
- 15-20 hours saved weekly: HR teams report significant time savings through automated processes and centralized management of global workforce operations.
What are the benefits of using Oyster HR?
The benefits of using Oyster HR are:
- Simplified Global Expansion: Enables quick entry into new markets without establishing local entities.
- Compliance Assurance: Minimizes legal risks with continuous monitoring of local regulations across all operational countries.
- Time and Cost Efficiency: Speeds up the international hiring process and eliminates the need for setting up legal entities in each country.
- Scalability: Supports rapid business growth and expansion into new markets with flexible hiring solutions.
- Centralized Management: Unifies global workforce management in one platform, improving oversight and efficiency.
- Risk Mitigation: Handles complex international labor laws and regulations, reducing compliance risks.
- Ethical Employment Practices: Focuses on promoting fair and ethical employment globally.
- Comprehensive Resources: Provides country-specific hiring guides and educational resources for navigating global employment.
Pricing and plans
Understanding the pricing of Multiplier and Oyster HR is crucial for making an informed decision. How do these platforms compare in terms of cost-effectiveness and value? Let’s break down their pricing structures.
Pricing of Multiplier
Multiplier offers transparent and flexible pricing that caters to different business needs. Their pricing model is based on the number of employees and the services required, making it scalable as your business grows. Here’s a breakdown of their key pricing tiers:
| Service | Price |
|---|---|
| Employer of Record (EOR) Pricing | $400 per employee/month |
| Contractor Management Pricing | $40 per employee/month |
| Annual Discount | Not available |
Multiplier’s pricing structure is designed to be straightforward, allowing businesses to scale services according to their needs without hidden costs.
Pricing of Oyster HR
Oyster HR offers a tiered pricing model that adjusts based on the size of your global team and the complexity of services. Their plans are designed to be flexible, accommodating businesses from startups to large enterprises. Here’s a summary of their pricing:
| Service | Price |
|---|---|
| Employer of Record (EOR) Pricing | $599 per employee/month |
| Contractor Management Pricing | $29 per employee/month |
| Payroll Pricing | $25 per employee/month |
| Annual Discount | Available |
Oyster HR’s pricing reflects its commitment to flexibility. Businesses can choose plans that align with their specific global workforce management needs.
What are the pros and cons of Multiplier?
Pros
- Competitive EOR pricing: Multiplier offers EOR services at $400 per employee monthly, positioning it more affordably than premium competitors like Deel and Remote ($599).
- Asia-Pacific regional expertise: Multiplier demonstrates particular strength in Singapore, Australia, and Japan, making it ideal for companies targeting these markets.
- Same-day global hiring: The platform enables businesses to onboard international employees within 24 hours, significantly faster than traditional entity setup.
- Multi-currency payroll capabilities: Multiplier processes payments in over 120 currencies with automatic tax calculations and deductions across 150+ countries.
- Comprehensive compliance management: The service handles local labor laws, creates compliant contracts, and manages country-specific requirements, minimizing legal risks.
- No hidden setup fees: Unlike some competitors, Multiplier doesn’t charge additional costs for onboarding, offboarding, or initial setup.
Cons
- Confusing interface navigation: Many users report initial difficulties with the platform’s user interface, requiring additional guidance to use effectively.
- Slower email support response: Customer service via email can be delayed compared to chat support, potentially impacting time-sensitive issues.
- Limited customization options: The platform offers fewer personalization features than some competitors, restricting adaptability for specific business needs.
- Business hours only support: Unlike competitors offering 24/7 assistance, Multiplier’s support team is available during standard business hours only.
What are the pros and cons of Oyster HR?
Pros
- User-Friendly Interface: Offers an intuitive platform that’s easy to navigate and use.
- Extensive Global Coverage: Operates in over 180 countries, providing broad international reach.
- Comprehensive Compliance Management: Strong focus on keeping businesses compliant with local regulations.
- Ethical Focus: Emphasizes ethical employment practices and social responsibility.
- Integrated Cost Calculator: Helps businesses estimate employment costs in different countries.
- Third-Party Integrations: Offers integrations with various HR and business tools.
Cons
- Premium Pricing: Can be expensive compared to some competitors, with EOR services starting at $599 per employee per month.
- Feature Limitations: Some features require additional purchases, potentially increasing costs.
- Limited Analytics: Reporting and analytics capabilities may be less comprehensive than some competitors.
- Potential Overkill for Small Teams: The comprehensive nature of the platform may be more than necessary for very small businesses.
User data security and compliance
Data security and compliance are non-negotiables when managing a global workforce. Both Multiplier and Oyster HR prioritize protecting user data and ensuring compliance with international standards, but they do so in slightly different ways.
Multiplier’s Data Security and Compliance
Multiplier takes a comprehensive approach to data security. They comply with GDPR (General Data Protection Regulation), ensuring that all data processing meets European standards. The platform uses advanced encryption to protect sensitive information in transit and at rest. Multiplier also conducts regular security audits and employs multi-factor authentication (MFA) to add an extra layer of security.
For compliance, Multiplier adheres to local labor laws and tax regulations in every country in which they operate. They offer legal support to help businesses navigate complex international laws and ensure all employment contracts are fully compliant.
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
- Key Highlights:
- GDPR Compliance
- Advanced encryption and MFA
- Regular security audits
- Local labor law and tax compliance
Oyster HR’s Data Security and Compliance
Oyster HR strongly emphasizes data security, particularly given its global reach. The platform is fully compliant with GDPR and other international data protection regulations. Oyster HR uses end-to-end encryption to safeguard all data and relies on secure cloud infrastructure to minimize vulnerabilities. Additionally, they implement SOC 2 Type II controls to ensure their security practices meet high industry standards.
Oyster HR is also rigorous about compliance, offering extensive legal support to manage cross-border employment complexities. They ensure that all data handling and employment practices meet local and international regulations, providing peace of mind for businesses operating globally.
- Key Highlights:
- GDPR and SOC 2 Type II compliance
- End-to-end encryption and secure cloud infrastructure
- Extensive legal support for global compliance
- Focus on cross-border employment regulations
Customer Reviews and Ratings
When comparing Multiplier and Oyster HR’s ratings across G2, Capterra, and Trustpilot, the following scores and review volumes provide insight into user satisfaction levels:
| Review Platform | Multiplier | Oyster HR |
|---|---|---|
| G2 | 4.7/5 (1286 reviews) | 4.4/5 (714 reviews) |
| Trustpilot | 4.9/5 (1674 reviews) | 4.6/5 (199 reviews) |
| Capterra | 4.6/5 (42 reviews) | 4.5/5 (68 reviews) |
Multiplier vs. Oyster HR: Summary
A detailed summary of the comparison of Multiplier and Oyster HR:
| Feature | Multiplier | Oyster HR |
|---|---|---|
| Best For | Companies Looking for Same-Day Global Hiring & Payments | Scaling Companies Focused on Remote Team Success |
| EOR Pricing | $400 per employee/month | $599 per employee/month |
| Contractor Pricing | $40 per employee/month | $29 per employee/month |
| Country Coverage | 150+ Countries | 180+ |
| Support Channels | Email, Phone, Live Chat | |
| Support Availability | Business Hours | Business Hours |
| G2 Rating | 4.7/5 (1286 reviews) | 4.4/5 (714 reviews) |
| Capterra Rating | 4.6/5 (42 reviews) | 4.5/5 (68 reviews) |
| Trustpilot Rating | 4.9/5 (1674 reviews) | 4.6/5 (199 reviews) |
| Partnership Discount | 15% Off | N/A |
| Visit Website | Visit Website |
Recommendations
Multiplier and Oyster HR are designed to support businesses across various industries, particularly those that focus heavily on international expansion and remote work. Let’s examine the industries that commonly use these platforms.
Who should use Multiplier
Multiplier is an excellent choice for businesses of all sizes that need a straightforward, scalable solution for managing international teams. Startups and mid-sized companies will appreciate Multiplier’s user-friendly interface and transparent pricing, allowing quick expansion without the hassle of navigating complex global regulations.
The platform is particularly well-suited for companies that must manage a mix of full-time employees and contractors across multiple countries. Its strong focus on compliance and payroll automation makes it ideal for businesses looking to minimize risks and administrative burdens. If your company is expanding rapidly and needs a reliable, cost-effective way to manage a global workforce, Multiplier is a strong contender.
Additionally, Multiplier’s flexible plans make it a practical option for companies anticipating scaling their international operations over time, ensuring the platform can grow alongside your business.
- Best For: Startups, mid-sized companies, and businesses managing full-time employees and contractors globally.
Who should use Oster HR
Oyster HR is tailored for companies prioritizing ethical hiring practices, sustainability, and a strong commitment to global compliance. Oyster HR is a perfect fit if your business has a distributed workforce and values equitable treatment of employees across different regions. It’s especially well-suited for enterprises and organizations operating in multiple countries with diverse legal requirements.
The platform’s comprehensive compliance management makes it ideal for global companies that navigate complex labor laws and data protection regulations. Oyster HR is also a top choice for businesses that want to ensure their HR practices align with corporate social responsibility goals.
Whether you’re a large enterprise seeking to manage a complex international team or a mission-driven company focused on fair employment practices, Oyster HR provides the tools and support needed to maintain a consistent, ethical, and compliant global workforce.
- Best For: Large enterprises, mission-driven companies, and businesses focusing on ethical hiring and global compliance.
When to consider other EOR providers
While Multiplier and Oyster HR are strong contenders in the EOR space, several other providers offer competitive services that might better suit specific business needs. Here are some alternative EOR providers worth considering:
| Provider | Best For | Key Strength |
|---|---|---|
| Deel | Fast-growing companies with global hiring needs | Extensive global coverage and user-friendly platform |
| Rippling | Startups scaling in Southeast and South Asia | Fast onboarding and integrated HR, IT, and Finance solutions |
| Remofirst | Budget-conscious small businesses | Competitive pricing for basic EOR services |
| Remote | Companies needing all-in-one HR and IT solutions | Comprehensive feature set and strong global presence |
Depending on your specific needs, one of these alternatives might fit your global workforce management strategy.
Next steps
Now that you’ve reviewed the comparison between Multiplier and Oyster HR for Employer of Record (EOR) services, here are your next steps to make an informed decision:
1. Schedule demos
Seeing these EOR platforms in action will help you better understand their features and user interfaces. Our exclusive partner links ensure you get the best available offers.
2. Prepare for your demos
- List your specific EOR needs (e.g., target countries, number of employees, compliance requirements)
- Prepare questions about international hiring processes, local labor laws, and employee benefits management.
- Consider your international hiring goals and how each EOR solution aligns with them.
3. Compare quotes
- After the demos, request detailed quotes from both Multiplier and Oyster HR
- Ensure the quotes are based on your specific EOR requirements and hiring plans
- Don’t hesitate to negotiate or ask about special offers for new customers
4. Get personalized support
- Need help deciding? Fill out our quick assessment form
- Our experts will analyze your EOR needs and provide a personalized recommendation within 24 hours
5. Make your decision
- Create a pros and cons list based on your demos and research
- Consider factors like country coverage, pricing, compliance expertise, onboarding processes, and user experience
- Choose the EOR provider that best aligns with your current needs and future international hiring plans
Remember, selecting the right Employer of Record (EOR) is a significant decision that can impact your company’s ability to hire and manage international employees compliantly. Take your time, ask questions, and ensure you’re comfortable with your choice before proceeding.
Need more guidance? Don’t hesitate to contact our support team for personalized advice tailored to your unique EOR requirements. You can also use the live chat feature in the bottom right corner of this page for immediate assistance.