Managing international contractors and employees can be a complex and daunting task for employers, especially when dealing with diverse HR tools, global payroll systems, compliance requirements, and different employment laws. Deel simplifies this process by providing a comprehensive platform for global talent management, making it easier for companies to onboard, manage, and pay remote teams across the globe.
What is Deel Used For?
Deel is an all-in-one platform designed to streamline the hiring, onboarding, and management of international contractors and employees. It supports over 150 countries, providing a robust solution for global hiring. Employers can use Deel to create various types of contracts, pay employees and contractors in local currency, and ensure compliance with local labor laws.
Key Takeaways
Simplified Global Employment
Flexible Contract Options
Comprehensive HR and Compliance Support
Free HR Tools and Dedicated Support
Types of Contracts Offered by Deel
Deel offers several contract types depending on your unique needs, whether you need to hire employees or contractors:
Full-Time Employee Contracts:
Employer of Record (EOR) Employee Model: Deel acts as the legal employer of record, providing all mandatory and statutory benefits specific to a worker's country.
Global Payroll Direct Employee Model: Employees are hired using a company's local entity and paid through Deel.
Deel HR Direct Employee Model: Employees are managed on Deel but paid through a local payroll provider.
Independent Contractor Contracts:
Fixed Rate Contract: Contractor and client agree to a predetermined base rate for work, recurring each pay cycle.
Pay As You Go Contract: Contractors are paid at a variable rate based on the working days, hours, or tasks submitted.
Milestone Contract: The contractor is paid a predetermined amount upon reaching specific milestones along a project timeline.
Key Features and Benefits
HR Tools and Onboarding
Deel simplifies the onboarding process, making it quick and efficient. Employers can create, send, and sign contracts straight from the Deel dashboard. The platform localizes every item for you, from minimum wage to country-specific documentation requests, so you can quickly and compliantly onboard anyone.
Payroll and Benefits
Deel offers expert payroll administration for both salaried and hourly employees, ensuring error-free managed payroll and taxes. You can pay your team in minutes with support for over 120 local currencies and multiple withdrawal options, including PayPal, Payoneer, and even crypto. Deel’s benefits tool helps employers choose and manage benefits for their global team, ensuring competitive and compliant offerings.
Global HR and Compliance
Deel’s platform is built to support global teams, ensuring full compliance across different countries. This includes local labor laws, tax filings, and more. Employers can rely on Deel's in-house experts for state-specific onboarding, training, HR policies, and compliance guidance.
Deel's Free Hiring Tools
Deel offers a suite of valuable HR tools at no cost, designed to simplify global employment processes. From the Misclassification Quiz and Employee Cost Calculator to Global Salary Insights and Employment Comparison tools, Deel provides essential resources for businesses navigating international hiring. What sets Deel apart is their commitment to handling all employment liabilities when you hire through their platform, ensuring compliance with local laws. Coupled with their round-the-clock support, Deel empowers employers to manage global workforce challenges confidently. Whether you're assessing employee costs or ensuring legal compliance, Deel's comprehensive HR solutions are here to support your business every step of the way.
Frequently Asked Questions
Is Deel a legitimate company?
Absolutely! Deel is a legitimate and trusted platform used by over 25,000 companies worldwide to manage their global teams.
Does Deel take a fee?
Yes, Deel charges fees for its services. The fees depend on the type of contract and services you use. However, Deel is transparent about its pricing with no hidden costs.
Which bank does Deel use?
Deel partners with various financial institutions to offer its services. For specific details on banking partners, you may contact Deel directly.
Can I transfer money from Deel to a bank account?
Yes, you can transfer money from Deel to your bank account. Deel supports multiple withdrawal options, including bank transfers, PayPal, Payoneer, and even crypto payments.
Does Deel pay in local currency?
Yes, Deel supports payments in over 120 local currencies, ensuring that your team gets paid in their preferred currency.
Who owns Deel?
Deel is privately owned by its founders and investors. You can find more detailed information about the ownership and management team on Deel's website.
Is Deel profitable?
While specific financial details are not publicly disclosed, Deel has been rapidly growing and expanding its services globally, indicating strong business performance.
Does Deel accept PayPal?
Yes, Deel accepts PayPal as one of the withdrawal options for contractors and employees.
Does Deel have a card?
Deel offers physical contractor cards as one of the withdrawal options for payments.
How does Deel pay?
Deel pays through various methods, including bank transfers, PayPal, Payoneer, and crypto. Employers can choose the most convenient option for their team.
Can Deel pay in Crypto?
Yes, Deel can pay in cryptocurrency, offering flexibility for those who prefer this payment method.
What is a Deel wallet?
The Deel wallet is a feature that allows users to receive and manage their payments directly on the platform. From the wallet, users can transfer money to their preferred withdrawal option.
What bank allows crypto payments?
Many modern banks and financial institutions now facilitate crypto payments. Specific banks Deel partners with for crypto payments are not disclosed, but Deel ensures secure and compliant transactions.
Does Deel work in Turkey?
Yes, Deel supports hiring in Turkey, along with over 150 other countries. However, it is not available in certain countries due to legal and compliance restrictions.
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