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Multiplier Review Summary
Score 8.6 out of 10
Currency
120+
Monthly fees
$400 per employee
Payment options
ACH and SWIFT/Wire Transfer
Multiplier is an Employer of Record (EOR) platform designed to simplify hiring employees and contractors internationally. Multiplier offers a user-friendly SaaS interface, a range of options for employee payments and benefits, and ensures compliance with local laws and regulations in 150+ countries.
Multiplier, founded in 2020, has already been recognized as a robust and competitive Global Employer Of Record (EOR) service and software platform.
Multiplier offers an easy-to-use software platform, a strong network of legal entities, and simple, transparent pricing, but is it right for all businesses?
Join us for an in-depth look at Multiplier to determine whether it fits you and your business.
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Multiplier Company Overview
Multiplier aims to “rebalance the supply and demand of global employment” through its mission “to streamline the process of borderless employment, providing equal opportunities for people all over the world.” Along these lines, it seems directed mainly towards startups and small—to medium-sized companies that operate partially or wholly through remote international teams.
While some other Global EOR service providers offer custom services for large companies employing a mix of EOR and non-EOR employees in manufacturing and other complex industries, Multiplier is more focused on providing simple, nimble solutions for startups that rely on internationally distributed professional teams.
Multiplier Key Features
1. Multiplier EOR
With Multiplier EOR, employees can be hired quickly and compliantly from over 150 countries.
Business owners are free to hire any employee they wish using the recruitment service of their choice. Hired candidates are then given an onboarding link to the Multiplier platform, which will guide them through the process, following compliance regulations in their country.
Multiplier has employment contract templates ready for every jurisdiction and will generate a unique contract for each employee to sign upon acceptance. The same system allows freelancers to do simple onboarding and contract generation.
New hires can be onboarded as quickly as 24 hours; the average time between an offer and a signed contract is 72 hours.
The platform provides easy access to all freelancer expenses, timesheets, and invoices as well. This will be helpful to businesses hiring many freelancers in different countries, greatly reducing tracking, management, and payment processing times.
How the Multiplier EOR solution works
In line with its global expansion, Multiplier has expanded to Pune, leveraging the city’s access to a skilled talent pool, its strategic proximity to major cities like Mumbai, and a robust business ecosystem that supports tech companies and multinationals. This expansion enhances Multiplier’s ability to serve clients both across India and internationally.
2. Mutliplier Global Payroll
All payroll, tax filing, and tax payments are handled by Multiplier and can be processed in over 120 local currencies. Monthly payroll is listed both in local currencies and USD to enable simple review by employers.
All salaries and employee costs are covered in a single invoice each month, to enable easy and timely processing. International freelancer invoices are also consolidated every pay cycle, allowing payment in various local currencies through a simple one-click process. Payments may be made with the employer’s currency of choice and Multiplier will convert funds to the appropriate currency for each employee or contractor.
The service also supports payments in cryptocurrency; freelancers and employees (where local regulation allows) may request payment in the cryptocurrency of their choice, and employers may also settle invoices through their cryptocurrency wallets. Multiplier will handle the conversion between cryptocurrencies and fiat currencies the same as it exchanges between national currencies.
Since it is just as important to reward exceptional performance for remote teams as it is for those based in an office, Multiplier enables bonuses and allowances to be paid directly through the same platform as payroll.
Airwallex, in partnership with Multiplier, offers a streamlined global payroll solution that simplifies payments and financial operations for businesses worldwide. Multiplier handles payroll, tax filings, and payments across 120+ local currencies, displaying salaries in both local currency and USD for straightforward employer review.
- Unified Invoicing: All employee costs are covered in a single monthly invoice, with consolidated freelancer invoices payable in various local currencies through one-click processing.
- Flexible Currency Options: Employers can pay in their preferred currency, with automatic conversions for each employee, including options for cryptocurrency payments.
- Performance Rewards: Bonuses and allowances can be processed directly through the platform, supporting seamless rewards for remote teams.
3. Multiplier HR
Multiplier advertises cost-effective insurance specific to each country, meeting local and global standards. All insurance details can be viewed on the Multiplier platform, making it simple for employers to keep track of their employees’ benefits and coverage.
Some employers may wish to provide their remote employees with laptops or other specific computer hardware that they need to complete their job. Multiplier simplifies this process by allowing IT hardware to be ordered and shipped directly to employees in over 50 countries. Employers can select the hardware they wish from the online catalog, or request a specific piece if the one they need is not available. All shipping and logistics are handled by Multiplier, which bills employers directly.
Benefits are available for contractors and freelancers as well. This will be very helpful for businesses wishing to offer a competitive package, but do not have enough work to justify hiring a full-time employee.
4. Multiplier Compliance
Multiplier helps employers create multilingual contracts, so both parties can have a full understanding of the working relationship. The service complies with local labor laws and responds quickly to any changes in those laws. It also ensures full compliance with national tax laws in every region.
Multiplier works with over 100 legal experts, covering all areas of the world in which they operate. These experts both keep Multiplier compliant and are on hand for consultation with business owners.
The line dividing an employee and a freelancer changes in each jurisdiction, and it is important to avoid misclassification in order to reduce compliance risks. To this end, Multiplier offers an assessment tool for business owners, to help them determine whether a new hire should be classified as a freelancer or as an employee.
5. Multiplier Platform
The Multiplier platform was awarded Easiest To Use, and Leader status in 2022 by G2’s Grid Report. It also won Gold for Best HR Tech – Talent Management System in the 2022 HRM Asia Reader’s Choice awards. Capterra awarded it Best Ease of Use in 2022, as well.
The platform has been recognized for the value it brings to employers, but employees can make good use of it also; it allows them easy access to expense reports, time off tracking, information on benefits plans, and bonuses. Contractors and freelancers can use the platform to submit invoices and request payments, which employers then review, accept, or reject and request additional information.
When a remote team involves many nationalities, floating holidays and time off can become confusing and hard to keep track of. To help make planning easier and ensure that there are no unexpected surprises, the Multiplier platform features a holiday calendar, which allows the international team to plan their time off in advance and in a coordinated manner.
Multiplier Pricing
Regarding pricing, Multiplier positions itself as a cost-effective solution compared to some of its well-known competitors in the EOR industry.
Multiplier’s pricing structure is more affordable than Deel or Remote’s, making it an attractive choice for companies looking to hire internationally without breaking the bank. However, it’s worth noting that Multiplier’s fees are slightly higher than those of other providers, such as Horizons.
| Plan | Price per employee/contractor per month |
|---|---|
| Multiplier EOR | Starting at $400 per full-time employee/month |
| Multiplier Contractor | Starting at $40 per contractor/month |
| Multiplier Global Payroll | On request |
| Multiplier Immigration | On request |
Multiplier Reviews
The average scores (as of the time of writing) were:
- Multiplier Capterra = 4.8/5 (40 reviews)
- Multiplier G2 = 4.5/5 (174 reviews)
- Multiplier Trustpilot = 4.9/5 (903 reviews)
Multiplier Pros and Cons
- Pros
User-friendly platform: As a ‘platform-first’ EOR, Multiplier is an intuitive software solution that enables client companies and employees to check and review employee data and payment matters quickly. The accompanying app manages time-off requests, reviews timesheets, and approves employee expenses straightforwardly.
Contractor management and payment capability, enabling companies to hire and pay contractors anywhere in the world
Regional expertise, with specific support for companies looking to hire in south-east and south Asia
Cryptocurrency payment capability, an option offered by few other EORs
Transparent and relatively low prices starting from $300 USD per employee per month.
- Cons
Currently does not provide a payroll-only solution for businesses with their own entity.
Lacks some of the more extensive HRIS features, such as employee training, offered by some other global EORs.
Multiplier Benefits
Multiplier is one of the few EORs that supports businesses issuing Employee Stock Ownership Plans (ESOPs) to global employees.
Contracts with ESOP particulars can be generated within minutes, and clients decide on key terms, including the exercise price, vesting period, plan rules, and liquidity requirements.
How to use Multiplier
Embarking on a new employer of record (EOR) platform like Multiplier can feel overwhelming if you’re unsure where to start. This step-by-step guide will help you navigate the process with ease.
1
Visit Multiplier’s Website
You can start by visiting Multiplier’s website. You’ll access their user-friendly platform online since they haven’t launched a mobile app yet. All you need is a laptop or smartphone and a stable internet connection.
2
Sign Up or Log In to Your Account
Click on the Sign Up or Log In button to create a new account or access your existing one. Here’s how to proceed:
- Employers: To set up your account, provide your business email and create a password. You’ll then be asked to verify your email address and fill in some basic company information.
- Employees: To access your account, use the invitation link or email sent by your employer. This will guide you through setting up your profile within the platform.
3
Choose a Service Plan and Explore Features
Select the service plan that best fits your global hiring needs as an employer. Multiplier offers a range of solutions, including:
- Global Hiring and Onboarding
- Payroll and Benefits Management
- Compliance and Legal Support
- Contractor Management
After selecting a plan, you can explore the platform’s features. Multiplier often provides demos or guided tours to help you understand how their services can streamline your global employment processes.
4
Onboard Your Employees
Use the Multiplier intuitive onboarding process to add your employees to the platform. Here’s what you’ll typically need to do:
- Enter Employee Details: Input essential information such as the employee’s name, contact information, and role.
- Set Up Contracts: Define the terms of employment, including salary, benefits, and compliance requirements.
- Review Compliance Guidelines: Oyster HR will help you navigate local labor laws to ensure that all contracts meet legal standards.
- Finalize and Send Offers: Once everything is set, you can send out digital offer letters and contracts for your employees to review and sign.
5
Utilize Support and Resources
If you have questions or need assistance, Multiplier provides a variety of support resources:
- Help Center: Access articles and FAQs that cover familiar topics and how-to guides.
- Customer Support: Reach out via email or live chat for personalized assistance.
- Webinars and Tutorials: Participate in educational sessions to learn more about maximizing the platform’s capabilities.
By following these steps, you’ll be well-equipped to make the most of the Multiplier EOR platform. The system is designed to be user-friendly, but don’t hesitate to utilize the available resources if you need additional help.
Review Score for Multiplier
8.0/10
Our expert score for Multiplier
Our team came to this score by considering the following components in the following weightings:
Employer of Record features
25%
Payroll features
10%
HR features
10%
Compliance features
10%
Platform features
10%
Pricing
20%
User reviews
15%
For each component, Multiplier received the following score:
Employer of Record features
18/25
Payroll features
6/10
HR features
7/10
Compliance features
8/10
Platform features
10/10
Pricing
18/20
User reviews
13/15
Conclusion
You will get the most out of Multiplier if you are a smaller company or a startup with a remote, international team. Its easy-to-use platform can serve as a one-stop hiring solution (so long as all employees are hired via the Multiplier EOR), considerably lightening the workload for staff in the head office.
FAQs
Multiplier has had three funding rounds through 2021 and 2022 to a total of $77. 2M consisting of:
- Series B — $60M on Mar 8, 2021
- Series A — $13.2M on Nov 1, 2021
- Seed Round — $4M on July 14, 2021.
Multiplier was established in Singapore, but operates throughout the world.
The Multiplier founders are Amritpal Singh, Sagar Khatri, Vamsi Krishna.
In March 2022, Multiplier achieved a $400 million valuation.
