If you’re looking for a way to hire, onboard, and pay your remote workers from anywhere in the world, you might have heard of Deel. Deel is a cloud-based HR platform that simplifies global HR for the entire workforce. Whether you need to hire full-time employees or independent contractors, Deel can help you create localized legal contracts, track time off, grant bonuses, manage equity, and more. But is Deel really worth it? How does it compare to other HR solutions on the market? And what are the pros and cons of using Deel for your global team? In this article, we’ll answer these questions and more. We’ll review Deel’s features, pricing, and EOR alternatives, and give you our honest take on its strengths and weaknesses. By the end of this article, you’ll have a clear idea of whether Deel is the right HR platform for your business.

What is Deel?

Deel is an all-in-one HR platform for global teams. It was founded in 2019 by Alex Bouaziz and Shuo Wang, two entrepreneurs who saw the need for a better way to manage remote workers across different countries and jurisdictions. Deel’s mission is to make global HR easy, compliant, and accessible for everyone. Deel serves more than 20,000 customers from SMBs to publicly traded companies, helping over 120,000 workers get paid from anywhere . Deel has also raised over $200 million in funding from leading investors such as Andreessen Horowitz, Spark Capital, and Y Combinator.

How does Deel work?

Deel works by leveraging its in-house back office and locally-owned entities to provide global payroll and compliance services for your remote workers. With Deel, you can hire full-time employees or independent contractors in over 150 countries, and pay them in their preferred currency and method. Deel also generates localized legal contracts that cover local labor laws, taxes, and benefits in each country. Deel handles all the paperwork, reporting, and compliance for you, so you don’t have to worry about the legal and administrative hassles of hiring globally. Deel also offers a modern self-serve interface where you can manage your entire workforce in one place. You can update withdrawal details, visualize team structure, oversee total payroll spending, and complete dozens of other tasks through Deel’s dashboard. Deel also integrates with popular tools such as Gusto, QuickBooks, Xero, and Zapier, to streamline your workflows and automate your processes.

What are the key features of Deel?

Deel offers a comprehensive set of features that cover every aspect of global HR management. Some of the key features include:

• Global payroll: Deel allows you to pay your remote workers in over 120 currencies and methods, including bank transfer, PayPal, TransferWise, Payoneer, and more. You can also set up automatic payments, split payments, and mass payouts, to save time and money. Deel also provides real-time exchange rates, transparent fees, and tax withholding, to ensure accurate and compliant payments.
• Global compliance: Deel helps you create localized legal contracts that comply with local labor laws, taxes, and benefits in each country. Deel also provides tax forms, invoices, and receipts, to simplify your accounting and reporting. Deel also monitors changes in regulations and updates your contracts accordingly, to keep you compliant at all times.
• Global hiring: Deel enables you to hire full-time employees or independent contractors in over 150 countries, without setting up a legal entity or a bank account in each country. Deel also provides a talent marketplace, where you can find and hire vetted professionals from around the world. Deel also supports visa sponsorship, relocation, and immigration services, to help you attract and retain the best talent.
• Global benefits: Deel allows you to offer customized benefits to your remote workers, such as health insurance, retirement plans, wellness programs, and more. Deel partners with leading providers such as SafetyWing, Remote Health, and Plum, to give you access to a wide range of benefits options. Deel also lets you create your own benefits packages, and manage them through Deel’s platform.
• Global HRIS: Deel provides a full-featured HRIS (Human Resource Information System) that lets you manage your entire workforce in one place. You can track time off, grant bonuses, manage equity, and more. You can also create org charts, performance reviews, feedback surveys, and more, to improve your team’s engagement and productivity. Deel also offers analytics and insights, to help you optimize your HR strategy and budget.

What are the pricing and plans of Deel?

Deel offers four pricing plans for different types of workers: EOR, contractors, global payroll, and Deel HR. The pricing is as follows:

• EOR: $599 per employee per month. This plan includes global payroll, global compliance, global hiring, and global benefits for full-time employees. This plan also includes EOR (Employer of Record) services, which means that Deel acts as the legal employer of your remote workers, and takes care of all the employment obligations and liabilities in each country. You can also get a free trial for up to 3 employees for 3 months.
• Contractors: $49 per contractor per month. This plan includes global payroll, global compliance, global hiring, and global benefits for independent contractors. You can also get a free trial for up to 3 contractors for 3 months.
• Global payroll: Custom quote. This plan includes global payroll, global compliance, and global benefits for your entire workforce. This plan is suitable for companies that already have legal entities and bank accounts in each country, and just need a solution to run multi-country payroll. You can get a custom quote by contacting Deel’s sales team.
• Deel HR: Free for up to 200 workers. This plan includes global HRIS, global payroll, global compliance, and global benefits for your entire workforce. You can also get a free HRIS for teams of 200 or less through G2 Deals.

Who are the target users of Deel?

Deel is designed for any company that wants to hire, onboard, and pay remote workers from anywhere in the world. Deel is especially useful for companies that:

• Want to access a larger and more diverse talent pool, without being limited by geographic boundaries.
• Want to save time and money on setting up and maintaining legal entities and bank accounts in each country.
• Want to simplify and automate their global payroll and compliance processes, without compromising on accuracy and security.
• Want to offer competitive and flexible benefits to their remote workers, without increasing their administrative burden.
• Want to manage their entire workforce in one place, without switching between multiple tools and platforms.

What are the pros and cons of Deel?

Deel has many advantages over traditional HR solutions, but it also has some drawbacks that you should be aware of. Here are some of the pros and cons of using Deel for your global team:

Pros

• Deel is easy to use and set up. You can hire, onboard, and pay your remote workers in minutes, without any technical or legal expertise. Deel also has a user-friendly and intuitive interface, that makes it easy to navigate and operate.
• Deel is flexible and customizable. You can choose from a variety of payment methods, currencies, contracts, and benefits, to suit your needs and preferences. You can also create your own contracts and benefits packages, and adjust them as you go.
• Deel is reliable and secure. Deel uses bank-level encryption, SSL certificates, and GDPR compliance, to protect your data and transactions. Deel also has a dedicated support team, that is available 24/7 to assist you with any issues or questions.
• Deel is affordable and transparent. Deel has a simple and flat pricing structure, that is based on the number and type of workers you have. Deel also has no hidden fees, no minimum commitments, and no long-term contracts. You can cancel or change your plan at any time, without any penalties.

Cons

• Deel is not available in every country. Deel currently supports over 150 countries, but there are still some countries that are not covered by Deel’s network. You can check Deel’s country availability here.
• Deel is not a full-service EOR. Deel offers EOR services for full-time employees, but it does not provide all the services that a traditional EOR does. For example, Deel does not handle payroll taxes, social security contributions, or workers’ compensation insurance in some countries. You may still need to work with a local accountant or lawyer, to ensure that you comply with all the local requirements.
• Deel is not a recruitment agency. Deel provides a talent marketplace, where you can find and hire qualified professionals from around the world. However, Deel does not screen, interview, or vet the candidates for you. You are still responsible for the hiring process and the quality of the workers you hire.

What are some EOR alternatives to Deel?

Deel is not the only HR platform that offers EOR services for global teams. There are other EOR alternatives that you can consider, such as:

• Remote: Remote is a global HR platform that enables you to hire, onboard, and pay full-time employees or contractors in over 50 countries. Remote also provides EOR services, as well as global payroll, compliance, benefits, and HRIS. Remote has a similar pricing model to Deel, charging $599 per employee per month, and $49 per contractor per month. Remote also offers a free trial for up to 5 employees for 3 months. You can read our full review of Remote here.
• Papaya Global: Papaya Global is a global HR platform that helps you manage your global workforce in over 140 countries. Papaya Global also provides EOR services, as well as global payroll, compliance, benefits, and HRIS. Papaya Global has a different pricing model than Deel, charging a percentage of the payroll amount, depending on the country and the number of workers. Papaya Global also offers a free demo and a free consultation. You can read our full review of Papaya Global here.
• Oyster: Oyster is a global HR platform that enables you to hire, onboard, and pay full-time employees in over 100 countries. Oyster also provides EOR services, as well as global payroll, compliance, benefits, and HRIS. Oyster has a similar pricing model to Deel, charging $599 per employee per month, and $49 per contractor per month. Oyster also offers a free trial for up to 2 employees for 3 months. You can read our full review of Oyster here.

Conclusion

Deel is a powerful and versatile HR platform for global teams. It offers a comprehensive set of features that cover every aspect of global HR management, from payroll and compliance, to hiring and benefits, to HRIS and analytics. Deel is also easy to use, flexible, reliable, secure, affordable, and transparent. Deel is ideal for any company that wants to hire, onboard, and pay remote workers from anywhere in the world, without the hassle and cost of setting up and maintaining legal entities and bank accounts in each country. Deel also has some drawbacks, such as limited country coverage, partial EOR services, and lack of recruitment support. However, these drawbacks are minor compared to the benefits that Deel offers. Deel is one of the best HR platforms for global teams on the market, and we highly recommend it to anyone who wants to grow and manage their remote workforce with ease and confidence. If you want to learn more about Deel, you can visit their website, or sign up for a free trial here.

Frequently Asked Questions (FAQs) About Deel.com

Q1: What is Deel.com?

A: Deel.com is an online platform designed to assist businesses in managing remote employees and contractors. It simplifies processes like hiring, payroll, compliance, and benefits management for a globally distributed workforce.

Q2: Who can benefit from using Deel.com?

A: Deel.com is ideal for businesses of all sizes that employ remote workers or contractors, particularly those operating internationally. It’s especially beneficial for startups, SMEs, and large enterprises seeking efficient global hiring and payroll solutions.

Q3: How does Deel.com ensure compliance with local laws?

A: Deel.com stays updated with local labor laws in over 150 countries. It offers customizable contract templates and ensures that hiring practices comply with the specific legal requirements of each country.

Q4: Can Deel.com handle payroll in multiple currencies?

A: Yes, Deel.com supports payroll processing in multiple currencies, making it easy to pay employees and contractors across the globe in their local currency.

Q5: What are the key features of Deel.com?

A: Key features include global hiring compliance, multi-currency payroll, customizable contract management, and comprehensive expense and benefits management.

Q6: Is Deel.com suitable for small businesses?

A: Yes, Deel.com is suitable for small businesses, offering scalable solutions. However, the cost might be a consideration for very small enterprises.

Q7: How does Deel.com’s pricing work?

A: Deel.com offers various pricing plans based on the number of employees and contractors. Plans range from basic to premium, with the option for custom plans for larger enterprises.

Q8: Does Deel.com offer customer support?

A: Yes, Deel.com provides customer support, offering assistance with setup, troubleshooting, and any platform-related queries.

Q9: How does Deel.com differ from traditional payroll services?

A: Deel.com is specifically tailored for remote and international workforces, offering more comprehensive services in global compliance and multi-currency payroll compared to traditional payroll services.

Q10: Can Deel.com integrate with other business tools?

A: Yes, Deel.com offers integration with various business tools, enhancing its functionality and ease of use within existing business ecosystems.

Q11: Is there a trial period for Deel.com?

A: The availability of a trial period can vary. It’s best to check the current offerings on the Deel.com website or contact their sales team for the most up-to-date information.

Q12: How secure is Deel.com?

A: Deel.com prioritizes data security and complies with international data protection regulations, employing robust security measures to protect user data.