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
- Headquarters: Sydney, Australia
- Founders: Sagar Khatri, Amritpal Singh, and Vamsi Krishna
- Funding: Over $77 million
- Founding Date: 2020
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
- Headquarters: Denver, Colorado, United States
- Founders: Ben Wright
- Funding: Over $400 million raised
- Founding Date: 2014
Key Features of Multiplier
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.
Key Features of Velocity Global
Velocity Global offers 8 key features that set it apart.
These key features include:
- 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.
Benefits of Using Multiplier
The benefits of using Multiplier are:
- Saving time and money: Hiring and onboarding with Multiplier is generally done fast and can save many companies significant time and money.
- Competitive pricing: Depending on which package(s) you choose, Multiplier is generally priced very competitively compared to other major EOR platforms.
- Extensive legal resources: Compliance is made easy with Multiplier in part because of its extensive legal repository.
- Customer service: Many users laud Multiplier’s excellent customer service representatives, guiding users expertly through the platform and any possible issues that may surface. I have also been happy with the customer service I have received from Multiplier.
- Comprehensive benefits management: One of the platform’s standout features is providing benefits management to organizations, which helps attract and retain the best talent.
- User-friendly interface: While I think Multiplier’s platform’s UX could still be improved, the interface is quite user-friendly.
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 pricing: Multiplier’s EOR package is more favorable than other EOR providers.
- Customer support: Follow-ups are done well, and customer reps guide users expertly throughout the initial setting-up process.
- Real-time updates: Keeps me informed with real-time notifications.
- Integration support: Works well with other apps I use.
- Scalability: Suitable for both small and large projects, adapting as needed.
- Quick onboarding: Within minutes, new employees can be set up within your company.
Cons
- Complex interface: The user interface can sometimes be confusing, with many users initially reporting additional guidance.
- Speed of customer support: Response times from customer support can be slow, mainly via email.
- Limited features and customization: Some features that other tools offer are missing, and customization is limited.
- No offline mode: There’s no option to use it without an internet connection.
Velocity Global Pros and Cons
Pros
- Extensive Global Coverage: Operates in 185+ countries, providing broad international reach.
- Comprehensive Services: Offers end-to-end global employment solutions beyond basic EOR services.
- Proprietary Technology: Provides a robust platform for managing global workforce operations.
- Flexible Solutions: Supports both employee and contractor management globally.
- Expertise in Compliance: Strong focus on navigating complex international regulatory environments.
Cons
- Pricing: Not having a transparent pricing might mean having some hidden fees.
- Reliance on Third-Party Partners: Uses external providers for some services in certain regions.
- Potential for Delays: The involvement of third-party partners could lead to slower processes in some cases.
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 | Custom |
| 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 (986 reviews) | 4.7/5 (199 reviews) |
| Capterra Rating | 4.7/5 (40 reviews) | No Reviews |
| Trustpilot Rating | 4.9/5 (832 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.