The world is changing. Based on the current statistics from Millo, there are about 1.2 billion freelancers globally. This means more people choose to work remotely, and more companies hire remote workers.
This new way of working provided more opportunities. But it also created a big problem for companies.
How can they keep track of all the different tax rates, payroll rules, and compliance issues in other countries?
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Who Needs to Use Deel?
This tool is for companies or agencies hiring employees and contractors located in other countries. And also for businesses who want to streamline their payment, onboarding, and compliance process.
The Team Behind Deel
On August 21, 2018, Alex Bouaziz, Ofer Simon, and Shuo Wang released Deel. They want to create a better workforce that isn’t hindered by international boundaries. Their headquarters is located in the San Francisco Bay Area, California. Although they successfully landed their first client in 2018, their business started to take off in 2019.
Now, Deel’s valuation is at $5.5 billion, and they’re continuing to improve their platform and truly become a one-stop solution for businesses and employers.
Deel’s Business Solution
We all know how stressful it is to do admin and accounting tasks, especially if you’re managing people far from you.
Deel aims to simplify these so you can focus on growing your business instead of worrying about violations, late payments, or misclassification. Deel protects your business and avoids any penalties for not following local laws.
Deel’s Top Features
We’ve been talking about payments, violations, and accounting tasks since earlier, but what does Deel really offer?
With this tool, you can:
- Automate your invoices or pay everyone in your team with just one click through bulk payment.
- Pay your employees digitally in over 200 supported currencies and 15 payment methods. Even cryptocurrencies are supported.
- Protect your business from any local law violations because Deel will be the one to sort out taxes and other required fees by the government.
- Produce employee contracts that are fair and compliant with the local regulations.
- Provide great benefits to your employees, whichever country they are in.
- Manage your team’s documents and let them view what they need in one place.
Other great features you shouldn’t miss are software integrations and more platform control and customization through Deel’s API.
How to Access Deel
Deel is an online tool, so there’s no need to download anything. Once you have a stable internet connection, you can sign up directly from their website.
Since the platform is subscription-based, you can subscribe and cancel anytime you want.
Deel Pricing
Signing up for Deel is free. The team will only charge you once you’ve successfully employed or hired someone.
The fees for hiring contractors and employees are different. Deel charges $49/month per contractor while $500/mo per employee you hire. It currently has a special promo, where the first employee hire is free, but this only applies to some countries.
Ready to Use Deel?
Deel doesn’t have a direct button for registration. It encourages users to request a demo first and connect with their team before choosing any plan. If you don’t want to do so, you may sign up for free and explore the software directly from their website.
Sources:
Deel – Crunchbase Investor Profile & Investments. Crunchbase. (n.d.). Retrieved December 16, 2021, from https://www.crunchbase.com/organization/deel
Lee, P. (2021, November 19). Freelance statistics show freelancers are Happier & Wealthier. Millo. co. Retrieved December 16, 2021, from https://millo.co/freelance-statistics-and-trends
Jonah helps freelancers and entrepreneurs promote their personal brand or business by teaching writing and content marketing principles. During a casual day off, she enjoys painting, shopping for home decors, watching Netflix, or hosting meetups with friends.