TLDR: Streamlined Processes vs Global Solutions in EOR Services
- Multiplier: Ideal for small to medium-sized businesses looking for a user-friendly platform that simplifies global hiring and compliance. Started your Multiplier journey now
- Velocity Global: Best suited for larger enterprises needing extensive services like entity setup and immigration support. Start using Velocity Global today
Multiplier and Velocity Global are two leading platforms in the global employment and expansion space, each offering distinct advantages as Employer of Record (EOR) providers.
However, their strengths and limitations make them better suited to different types of businesses, depending on size, complexity, and specific needs.
Multiplier is a comprehensive global employment platform that stands out among EOR providers I’ve encountered. Its ability to streamline international hiring processes and provide essential compliance resources makes it a strong contender for companies looking to hire, pay, and manage remote employees across multiple countries efficiently.
However, Multiplier’s offerings may be more tailored to small and medium-sized businesses, and its capabilities might not fully meet the needs of large enterprises with complex global operations.
On the other hand, Velocity Global’s extensive global presence and suite of services offer a highly versatile solution for managing a global workforce. With a wider range of offerings, including global EOR, entity setup, and immigration support, it caters to businesses of various sizes and expansion strategies.
While Velocity Global’s comprehensive services can be a powerful asset for companies with diverse global needs, its pricing structure may be less transparent, and the breadth of services might be overwhelming for businesses with more straightforward requirements.
In this review, I’ll delve into each platform’s key features and potential drawbacks, particularly focusing on its EOR service. I’ll also recommend ideal use cases and suggest alternatives for each type of business.
Multiplier
Velocity Global
Overview of Multiplier and Velocity Global
We’ve chosen to compare Multiplier and Velocity Global due to their strong presence in the global EOR market and their comprehensive offerings for businesses of various sizes.
Overview of Multiplier
Multiplier is a robust HR software solution that primarily acts as an Employer of Record (EOR), handling compliance and global payroll. The platform is designed to simplify onboarding and employee management for companies hiring international talent.
Multiplier’s technology platform integrates various services, including payroll and compliance, making managing employees in different countries easy.
Key Features:
- Global coverage in over 150 countries
- User-friendly dashboard and comprehensive payroll module
- Focus on automation and compliance management
- Self-service portal for employees
- Integrations with popular business tools
Company Information
Overview of Velocity Global
Velocity Global, also known as Velocity Partners, is a renowned global employment solution provider offering a wide range of services, including Employer of Record solutions.
Their platform is tailored to streamline compliance and payroll processes, making it easier for businesses to hire globally. Velocity Global emphasizes simplifying international payroll and compliance, supporting companies in managing international employees effectively.
Key Features:
- Extensive global reach covering 185+ countries
- Advanced technology platform integrating various HR functions
- Comprehensive global employment solutions
- Immigration and visa support
- Additional services like talent acquisition
Company Information
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 Velocity Global?
Velocity Global platform offers several key features designed to streamline international employment. Here’s a detailed look at what the service provides:
- Global Employer of Record (EOR) Services: Enables companies to hire employees in 185+ countries without establishing local entities.
- Comprehensive HR Solutions: Offers end-to-end services including hiring, onboarding, payroll processing, benefits administration, and compliance management.
- Proprietary Technology Platform: Provides a cloud-based solution for real-time data and analytics, streamlining global workforce management.
- Talent Acquisition Services: Assists businesses in finding and hiring top talent globally, managing the recruitment process from sourcing to selection.
- Global Payroll Solutions: Offers centralized payroll services for international workforces, handling different wage rules, deductions, and currencies.
- Benefits Management: Creates customized, competitive benefits packages designed to attract top talent in various markets.
- Contractor Management: Ensures proper classification and compliant payments for independent contractors and freelancers.
- Access to International Coworking Spaces: Partnered with providers to offer access to over 10,000 workspace locations worldwide.
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 Velocity Global?
The benefits of using Velocity Global are:
- Rapid Market Entry: Allows companies to enter new markets up to 90% faster than traditional methods of establishing local entities.
- Compliance Assurance: Handles complex international labor laws, tax filings, and regulatory requirements across multiple jurisdictions.
- Cost Efficiency: Reduces the time and resources required for international hiring and HR management.
- Global Talent Access: Enables businesses to hire the best talent regardless of location, expanding their talent pool.
- Scalability: Facilitates rapid business growth and expansion into new markets with flexible hiring solutions.
- Risk Mitigation: Reduces legal and compliance risks associated with international employment.
- Centralized Management: Provides a single platform for managing global workforce, payroll, and compliance.
- Flexible Work Environments: Offers access to international coworking spaces, supporting distributed workforces.
- Comprehensive Support: Provides 24/7 customer service and access to local HR experts in various countries.
- Customized Solutions: Tailors services to meet specific business needs across different industries and company sizes.
Pricing and Plans
Multiplier Pricing
Multiplier offers a transparent pricing structure:
| 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 is designed to be straightforward and affordable, with no hidden fees. The cost can vary based on the number of employees and specific services required.
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
Most services are included in the base price, making it easier for businesses to budget without unexpected costs.
Velocity Global Pricing
Velocity Global does not publicly disclose its pricing structure. Instead, it offers custom pricing based on each client’s specific needs and requirements.
While this approach allows for tailored solutions, it may make it challenging for businesses to compare costs directly with other providers.
Factors that may influence Velocity Global’s pricing include:
- Number of employees
- Countries of operation
- Specific services required
- Length of contract
Interested businesses need to contact Velocity Global directly for a customized quote.
Multiplier Pros and Cons
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.
Velocity Global Pros and Cons
Pros
- Extensive global coverage across 185+ countries: Velocity Global offers one of the industry’s widest geographic footprints, enabling companies to hire virtually anywhere without establishing legal entities or navigating complex local regulations.
- Robust technology platform with advanced integrations: The cloud-based platform seamlessly connects with major HR systems like Oracle HCM and BambooHR, creating efficient workflows for managing international teams through existing tools.
- Comprehensive compliance management: Velocity Global handles proper worker classification, tax requirements, and employment law across jurisdictions, significantly reducing legal risks for companies operating internationally.
- Fast employee onboarding capabilities: The platform enables companies to hire international talent within 48 hours in many locations, dramatically accelerating global expansion compared to traditional entity establishment.
- Centralized multi-currency payroll processing: Businesses can manage payroll across multiple countries and currencies through a single invoice, simplifying financial operations for global workforces.
- Tailored benefits administration by country: The service provides locally competitive benefits packages adapted to each country’s norms and requirements, helping companies attract top international talent.
Cons
- Reliance on third-party providers in some regions: Unlike competitors with fully-owned entities, Velocity Global uses partner networks in certain countries, potentially causing service inconsistencies or delays.
- Limited customization for specialized industries: Companies in highly regulated or niche sectors may find the standardized approach insufficient for their specific compliance requirements.
- Required 30-day notice period for offboarding: The mandatory notice period for removing employees from the platform creates less flexibility compared to some competitors with shorter termination timelines.
User Data Security and Compliance
When it comes to data security, both Multiplier and Velocity Global prioritize compliance with international regulations, ensuring user data remains protected. Multiplier is GDPR-compliant and applies stringent encryption protocols, making it ideal for businesses focused on European markets. Velocity Global emphasizes compliance with SOC 2 standards, demonstrating robust data security measures and regular audits. Both platforms align with local employment laws to ensure lawful employee management worldwide.
However, Multiplier’s focus on payroll data privacy can be advantageous for businesses handling sensitive employee records, while Velocity Global’s global security certifications provide added trust for larger enterprises expanding globally. The decision hinges on whether your priority is data privacy within payroll systems or comprehensive compliance across multiple jurisdictions.
| Feature | Multiplier | Velocity Global |
|---|---|---|
| Data Compliance | GDPR, local employment laws | SOC 2, GDPR |
| Encryption | Strong encryption for payroll | Secure infrastructure, global audit readiness |
| Audit Standards | Focus on regional audits | Regular SOC 2 audits |
| Best For | European compliance needs | Expanding enterprises seeking robust certifications |
Multiplier vs. Velocity Global At a Glance
To give you a comprehensive view of how Multiplier and Velocity Global stack up against each other, I’ve compiled this detailed comparison table:
A detailed summary of the comparison of Multiplier and Velocity Global:
| Feature | Multiplier | Velocity Global |
|---|---|---|
| Best For | Companies Looking for Same-Day Global Hiring & Payments | Global workforce management solutions |
| EOR Pricing | $400 per employee/month | $599 per employee/month |
| Contractor Pricing | $40 per employee/month | Custom |
| Country Coverage | 150+ Countries | 185+ |
| Support Channels | Email, Phone, Live Chat | Email, Phone, Live Chat |
| Support Availability | Business Hours | 24/7 |
| G2 Rating | 4.7/5 (1286 reviews) | 4.7/5 (199 reviews) |
| Capterra Rating | 4.6/5 (42 reviews) | No Reviews |
| Trustpilot Rating | 4.9/5 (1674 reviews) | No Reviews |
| Partnership Discount | 15% Off | N/A |
| Visit Website | Visit Website |
Recommendations
Both Multiplier and Velocity Global are excellent for global HR management, but the choice should align with your specific business needs. Choose Multiplier if payroll precision and localized compliance are paramount. Opt for Velocity Global if your focus is rapid market expansion with top-tier data security across multiple regions.
Who do I recommend Multiplier?
Multiplier is the go-to choice for businesses focused on localized payroll, compliance, and HR solutions. Its expertise lies in automating employment laws within specific countries, making it highly suitable for companies looking for in-depth regional compliance. It’s also ideal for organizations with smaller budgets but complex payroll management needs, as it simplifies international payments.
Top 3 businesses for Multiplier:
- Startups hiring talent across specific European countries
- SMEs requiring cost-effective payroll and compliance solutions
- Freelance-heavy firms needing localized employment support
Who do I recommend Velocity Global to?
Velocity Global excels in scaling businesses globally by offering premium compliance management and employee onboarding services. It caters to larger enterprises that need seamless expansion into multiple regions with minimum legal friction. The platform suits organizations prioritizing speed, scalability, and compliance consistency across diverse markets.
Top 3 businesses for Velocity Global:
- Large enterprises expanding into multiple regions simultaneously
- Tech companies needing rapid onboarding and compliance at scale
- Businesses prioritizing SOC 2-level security for data and operations
When to consider an alternative provider?
If your business has niche requirements or needs a balance between cost, functionality, and scalability, exploring other providers can help you find the ideal fit. Below is a comparison of alternative providers and what makes each stand out.
| Provider | Best For | Key Differentiator |
|---|---|---|
| Deel | Freelancers and remote workers | Rapid contractor payments |
| Oyster HR | SMEs with ethical hiring priorities | Focus on sustainability and compliance |
| Remote | Startups scaling remote-first teams | Transparent flat pricing |
| Remofirst | Cost-conscious startups | Budget-friendly, essential features |
| Rippling | Businesses with integrated IT needs | Unified payroll and IT systems |
| Papaya Global | Complex payroll needs | AI-powered payroll management |
| Gusto | Small businesses in the U.S. | Easy-to-use payroll and benefits |
| Atlas HXM | Large enterprises needing scalability | Global expertise and full HR suite |
Frequently Asked Questions
How do Multiplier and Velocity Global compare in terms of global coverage?
Multiplier covers over 150 countries, while Velocity Global extends its services to more than 185 countries.
Which platform offers better pricing transparency?
Multiplier provides more transparent pricing, starting at $400 per monthly employee for EOR services. Velocity Global offers custom pricing, which requires contacting their sales team for a quote.
Are both platforms suitable for small businesses?
Multiplier is generally more suitable for small businesses due to its user-friendly interface and transparent pricing. While capable of serving small businesses, Velocity Global is often better suited for larger organizations with more complex needs.
How do the two platforms handle compliance management?
Both offer strong compliance management features. Multiplier focuses on automation and continuous updates, while Velocity Global provides in-depth local expertise and dedicated compliance teams.
Which platform is better for rapid international scaling?
Multiplier’s streamlined onboarding process and user-friendly platform make it well-suited for rapid scaling, especially for startups and SMEs.
Does either platform offer immigration and visa support?
Velocity Global offers comprehensive immigration and visa support services, which is a standout feature. Multiplier’s offerings in this area are more limited.
How do customer support services compare between the two platforms?
Multiplier is known for excellent, responsive customer support via email, chat, and phone. Velocity Global offers dedicated account management for personalized support.