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
| Feature | Description |
|---|---|
| Countries Covered | 150+ |
| Starting Price (EOR) | $400 per employee/month |
| Contractor Pricing | $40 per contractor/month |
| Headquarters | Singapore |
| Company Size | Small to medium-sized businesses, growing startups |
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
| Feature | Description |
|---|---|
| Countries Covered | 185+ |
| Starting Price (EOR) | Custom pricing (not publicly disclosed) |
| Headquarters | Denver, Colorado, USA |
| Funding | Information not provided |
| Company Size | Companies of all sizes |
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:
| Feature | Multiplier | Velocity Global |
|---|---|---|
| Global Coverage | 150+ countries | 185+ countries |
| EOR Pricing | Starting at $400/employee/month | Custom pricing (not disclosed) |
| Contractor Pricing | Starting at $40/contractor/month | Information not provided |
| Key Integrations | Salesforce, Slack, HubSpot | Information not provided |
| User Interface | Intuitive and user-friendly | Advanced technology platform |
| Compliance Management | Comprehensive, with strong local expertise | Strong focus on compliance |
| Payroll Processing | Multi-currency support, timely payments | Global payroll services |
| Benefits Administration | Robust, including health insurance and pensions | Included in EOR services |
| Customer Support | Responsive and knowledgeable | Dedicated account management |
| Customization Options | Good for small to medium businesses | Tailored solutions available |
| Reporting and Analytics | Detailed dashboards and reports | Information not provided |
Key Features of Multiplier
Global Payroll Management
Multiplier excels in simplifying global payroll management. Their system supports payments in over 120 currencies, ensuring businesses can easily handle international payroll without the complexities of cross-border transactions.
The platform’s payroll module is designed to be comprehensive and user-friendly. It allows HR teams to process payroll efficiently across multiple countries from a single dashboard. This centralized approach significantly reduces the time and effort required to manage global payroll operations.
Compliance Automation
One of Multiplier’s standout features is its focus on automating compliance processes. The platform is continuously updated to reflect the latest changes in local labor laws, tax regulations, and compliance requirements across all supported countries.
This automation extends to generating compliant employment contracts, managing statutory filings, and ensuring adherence to local employment standards. By leveraging Multiplier’s compliance automation, businesses can significantly reduce non-compliance risk and avoid potential legal issues in different jurisdictions.
Employee Self-Service Portal
Multiplier provides a robust self-service portal for employees, enhancing the overall employee experience and reducing the administrative burden on HR teams. Through this portal, employees can:
- Access and update their personal information
- View and download pay slips
- Submit time-off requests
- Access important company documents and policies
This feature empowers employees to manage their information and requests, leading to increased efficiency and satisfaction.
Multi-Currency Support
Multiplier’s platform offers robust multi-currency support, enabling businesses to process payroll in over 120 currencies.
This feature is precious for companies with a diverse international workforce, as it simplifies financial operations and ensures employees are paid in their preferred currency.
The system automatically handles currency conversions and exchange rates, reducing manual calculations’ complexity and potential errors.
Integrated Benefits Management
Multiplier provides a comprehensive benefits management system integrated directly into its platform. This feature allows businesses to quickly set up and manage employee benefits across different countries, ensuring compliance with local regulations.
The system supports various types of benefits, including health insurance, retirement plans, and paid time off, adapting to each country’s specific requirements.
This integrated approach simplifies managing global benefits, ensuring that employees receive appropriate and compliant benefits packages regardless of location.
Key Features of Velocity Global
Comprehensive Global Employment Solutions
Velocity Global offers a full suite of global employment solutions beyond basic EOR services. Their offerings include:
- Global Employer of Record services
- Entity setup and management
- Global payroll services
- Talent acquisition support
- Immigration and visa assistance
This comprehensive approach allows businesses to manage all aspects of their global workforce through a single provider, streamlining operations and reducing the need for multiple vendors.
Advanced Technology Platform
Velocity Global’s platform is built on advanced technology that integrates seamlessly with existing HR systems. The platform offers:
- Real-time visibility into global operations
- Customizable reporting and analytics
- Secure data management and compliance tools
- Integration capabilities with popular HRIS and payroll systems
This technology-driven approach enables businesses to make data-driven decisions and maintain efficient oversight of their global workforce.
Immigration and Visa Support
A standout feature of Velocity Global is its comprehensive immigration and visa support services. This includes:
- Assistance with work permit applications
- Visa processing support
- Relocation services for employees
- Ongoing compliance management for international assignments
This service can significantly simplify the complex process of global mobility for businesses that frequently relocate employees or hire internationally.
Global Entity Establishment
Velocity Global offers support for companies looking to establish legal entities in foreign countries. This service goes beyond typical EOR offerings, providing businesses with guidance and assistance throughout the process of setting up local subsidiaries.
The feature includes support for legal registration, bank account setup, and ongoing compliance management. This is particularly valuable for companies planning long-term operations in specific countries and seeking more direct control over their international presence.
Talent Acquisition Services
In addition to its EOR services, Velocity Global provides comprehensive talent acquisition support. This feature assists companies in finding and hiring top talent in international markets.
The service includes access to local recruitment networks, assistance with job postings, candidate screening, and interview coordination.
By combining talent acquisition with their global employment solutions, Velocity Global offers a seamless end-to-end process for building and managing international teams.
Pricing and Plans
Multiplier Pricing Details
Multiplier offers a transparent pricing structure:
- EOR Services: Starting at $400 per employee per month
- Contractor Management: $40 per contractor per month
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 Details
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.
Pros and Cons
Multiplier Pros and Cons
Pros
Cons
Velocity Global Pros and Cons
Pros
Cons
Simulated Real-World Scenarios
Scenario 1: Rapid International Scaling (Winner: Multiplier)
A tech startup must hire 50 employees across ten countries in three months.
Multiplier’s streamlined onboarding, automated compliance checks, and multi-currency support make it ideal for rapid scaling. Their user-friendly platform allows quick employee setup while ensuring compliance across jurisdictions.
Velocity Global offers comprehensive services but might be slower and more costly for a startup needing to move quickly.
Winner: Multiplier wins due to its efficiency and cost-effectiveness for fast-growing companies.
Scenario 2: Small Business Going Global (Winner: Multiplier)
An e-commerce business wants to hire its first five international employees in Europe.
Multiplier’s user-friendly interface, transparent pricing, and automated compliance checks are perfect for small businesses new to global hiring. Their employee self-service portal reduces administrative burden.
Velocity Global’s comprehensive suite might be overwhelming and costly for a small business’s first international hires.
Winner: Multiplier wins for its simplicity and cost-effectiveness, making it more accessible for small companies.
Scenario 3: Compliance in Challenging Markets (Winner: Velocity Global)
A large corporation must hire in countries with complex labor laws like Brazil, UAE, and Indonesia.
Multiplier offers robust compliance management but may face limitations in the most challenging markets.
Velocity Global’s in-depth local expertise, tailored solutions, and comprehensive approach to compliance make it better suited for complex regulatory environments. Its additional services, like immigration support, are valuable for large corporations.
Winner: Velocity Global wins due to its ability to handle the most complex regulatory scenarios and provide specialized support in challenging markets.
Who I Recommend Multiplier To
Multiplier is an excellent choice for several types of businesses, particularly those prioritizing user-friendliness, cost-effectiveness, and rapid scaling capabilities.
Small to Medium-Sized Enterprises (SMEs)
Multiplier offers a compelling package for SMEs that addresses many of the challenges faced when expanding globally. The platform’s transparent pricing structure allows for easier budgeting, which is crucial for smaller businesses with tighter financial controls. The user-friendly interface requires minimal training, reducing the time and resources needed for implementation. Additionally, Multiplier’s flexible services can easily scale with the business, making it an ideal choice for companies anticipating growth.
Key benefits for SMEs include:
- Cost-effective solution with transparent pricing
- User-friendly platform requiring minimal training
- Flexible services that can scale with business growth
Fast-Growing Startups
Startups experiencing rapid growth will find Multiplier’s offerings particularly beneficial. The platform’s quick onboarding process is crucial for companies needing to scale their workforce rapidly across multiple countries. The automated compliance management system ensures that even as a startup expands quickly, it remains compliant with various international labor laws, reducing legal risks.
Advantages for startups include:
- The quick onboarding process for rapid scaling
- Automated compliance management for multiple countries
- Responsive support for evolving needs
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
Companies New to Global Hiring
For businesses venturing into international hiring for the first time, Multiplier provides a simplified yet comprehensive solution. The platform’s intuitive interface and streamlined processes help companies navigate the complexities of global employment.
The comprehensive compliance support is particularly valuable, guiding businesses through the intricacies of international labor laws and regulations.
Benefits for new global employers:
- Simplified processes for easy management
- Comprehensive compliance support to navigate international laws
- Clear pricing structure for straightforward budgeting
Businesses Focused on Employee Experience
Companies prioritizing employee satisfaction will appreciate Multiplier’s features, designed to enhance the employee experience. The self-service portal empowers employees to manage their information and requests, increasing satisfaction and reducing the administrative burden on HR teams.
Employee-centric features include:
- Self-service portal for enhanced employee satisfaction
- Streamlined onboarding and payroll processes
- Multi-currency support for seamless global payments
Who I Recommend Velocity Global To
Velocity Global’s comprehensive suite of services and advanced features make it an ideal choice for certain businesses, particularly those with complex global employment needs.
Large Multinational Corporations
For large multinational corporations, Velocity Global’s extensive global coverage and comprehensive service offerings provide the depth and breadth needed to manage a diverse, international workforce. The advanced technology platform is well-suited to handle the complexities of large-scale operations across multiple countries.
Key advantages for multinational corporations:
- Extensive global coverage in 185+ countries
- Comprehensive suite of services for complex needs
- Advanced technology platform for large-scale operations
Companies Requiring Extensive Global Mobility Support
Businesses that frequently relocate employees or manage complex international assignments will benefit from Velocity Global’s comprehensive immigration and visa services. This support can significantly simplify the often complex process of moving employees across borders.
Global mobility features include:
- Comprehensive immigration and visa services
- Relocation support for international assignments
- Expertise in managing complex cross-border employment scenarios
Businesses in Highly Regulated or Complex Markets
For companies operating in industries with stringent regulatory requirements or in countries with complex labor laws, Velocity Global’s in-depth local expertise and dedicated compliance support can be invaluable. The personalized guidance provided through dedicated account management helps navigate challenging regulatory landscapes.
Compliance and support benefits:
- In-depth local expertise and compliance support
- Dedicated account management for personalized guidance
- Comprehensive legal and regulatory assistance
Organizations Seeking End-to-End Global Employment Solutions
Companies looking for a one-stop solution for all aspects of global employment will find Velocity Global’s full suite of services attractive. From initial hiring to ongoing management and eventual offboarding, Velocity Global provides a comprehensive solution that can simplify global workforce management.
End-to-end solution features:
- Full suite of services from hiring to offboarding
- Integrated talent acquisition and management tools
- Customizable solutions for diverse global workforce needs
Multiplier vs Velocity Global: Final Thoughts and Conclusion
Ultimately, your choice between Multiplier and Velocity Global will depend on your specific business needs, size, and global expansion goals.
Multiplier stands out for its user-friendly platform, transparent pricing, and efficient services, making it an excellent choice for SMEs, startups, and companies new to global hiring.
Its focus on automation and compliance management, coupled with responsive customer support, provides a streamlined solution for businesses looking to scale quickly and efficiently across borders.
With its extensive global reach and comprehensive suite of services, Velocity Global is better suited for larger corporations, businesses operating in complex markets, or those requiring extensive global mobility support.
Its advanced technology platform and customizable solutions offer the depth and flexibility needed for managing diverse and complex global workforces.
Both platforms have their strengths, and the best choice will depend on factors such as your company size, budget, specific countries of operation, and the complexity of your global employment needs.
We recommend thoroughly assessing your requirements and possibly trialing both platforms (where possible) before making a final decision.
Remember, the right EOR partner can significantly simplify your global expansion journey, ensuring compliance and efficiency as you grow your international presence.
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.