In today’s world, as global economic connections deepen and the trend of globalization becomes unstoppable, there is tremendous potential for business globalization, and companies of all kinds are eager to expand globally. In such a market, there is a greater demand and more opportunities.
With the wave of globalization, many companies have embarked on global industrial deployment, leading to a demand for global employment. Overseas employment implies that companies need to engage in cross-border hiring. However, for most companies, the employment process is not always smooth sailing, often involving a series of risks and challenges related to policies, regulations, taxation, and salary payments. With the tremendous potential for business globalization, these challenges also present greater challenges for global management. Therefore, more and more companies are choosing to outsource overseas HR employment affairs to professional corporate service providers. This approach can save companies a considerable amount of time, manpower, and economic costs while ensuring smooth global market expansion.
Against this background, this article compares two leading global remote employee hiring and compensation management platforms, PayInOne and Deel, to help your company make the best choice.
Overview: PayInOne and Deel
Both PayInOne and Deel offer solutions to the challenges of global employment and compensation management through the SaaS service model. They focus on global compliance employment and localized employment agreements, helping businesses streamline the complex processes of cross-border hiring and cross-border payroll.
From a product service perspective, both PayInOne and Deel revolve around EOR (Employer of Record) and Contractor services, enabling businesses to provide services such as payroll, insurance, taxation, and social benefits in countries or regions where they do not have a legal presence.
PayInOne claims to offer services in over 180 countries and regions globally, while Deel indicates collaboration possibilities in 150+ countries and regions. Additionally, PayInOne’s payroll management and cross-border payroll support over 150+ mainstream currencies worldwide.
Product Service: PayInOne vs Deel
Deel focuses on building an integrated global talent platform for businesses, enabling quick hiring and management of employees worldwide, and providing solutions for payroll, taxation, and remote employment.
PayInOne, on the other hand, offers similar services but provides a more diversified range of human resource management functionalities, such as global team management, global work visas, and corporate virtual cards.
Here’s a comparison of their key features:
PayInOne:
- All-in-one management platform: Covers comprehensive human resource needs including employee onboarding, contracting, payroll, benefits, taxation, compliance, and insurance, aiming to help businesses alleviate the burden of human resource management and focus on core business development.
- Global labor cost management: For managing and paying global employee salaries, PayInOne supports generating bills 14 days before PayDay, automatically calculates taxes, benefits, etc., and supports one-click payments in multiple currencies.
- Online contracting: For global contractor employees, PayInOne offers three employment modes: regular payments, periodic payments, and KPI payments, all supporting online contracting while ensuring compliance with legal regulations.
- Employee mobile app: For global remote employees, PayInOne provides a mobile app for online contracting, bill inquiries, and employee KYC, making it more convenient for employees to use.
- Global employee solutions: While ensuring compliance with global employment and payroll regulations, PayInOne also offers solutions for global work visas and corporate virtual cards to help businesses address issues related to work qualifications and global expense management.
Deel:
- Localized Compliance: Deel offers localized employment agreements that are compliant with local laws and regulations, with regular updates to ensure that each employee’s employment and service agreements comply with local legislation.
- One-click Payroll: Deel’s payroll function supports various methods for employees to receive their income, including bank deposits, Colnbase, Revolute, and Wise withdrawals.
- Compensation and Benefits Management: Employees using Deel’s employment services receive legally mandated insurance benefits, as well as additional options such as pension plans and commercial insurance.
- Remote Office Management: Deel collaborates with service providers to offer office equipment and workspace assistance to remotely employed staff.
- Attendance System: Within the SaaS service platform, employees can request and view their vacation days, while companies can allocate vacation days and track employee attendance online.
Pricing: PayInOne vs Deel
PayInOne Pricing:
PayInOne offers three transparent pricing plans:
- Global Contractor: $19/month, includes services such as online contracting and employee KYC verification.
- Global EOR: Starts at $299/month, although prices may vary in certain countries, the base service price is much lower than Deel.
- Global Payroll: Starts at $29/month, with payroll service fees charged per employee per month.
Similarly, utilizing PayInOne’s SaaS for AI assistance is completely free of charge.
Deel Pricing
Deel’s pricing strategy is based on the premise that, except for visa services, there are no charges until the first employee bill is generated and paid. Users can avail of a free trial of their SaaS platform before incurring any costs. Once charges are incurred, the pricing is as follows:
- EOR: $599/month
- Contractor: $49/month
Payroll and work permits require additional consultation and are not transparently displayed externally.
Customer Support Services: PayInOne vs Deel
Both PayInOne and Deel offer customer support services including email support, online customer service, AI assistant, and system knowledge base.
Service | PayInOne | Deel |
---|---|---|
√ | √ | |
Online customer service | √ | √ |
FAQ | √ | √ |
Repository | √ | √ |
Telephone Support | √ | × |
Strengths: PayInOne & Deel
PayInOne:
Services available worldwide: PayInOne services cover over 180 countries in the major regions and support over 120 currencies. All your human resources needs worldwide can be solved by one company, us.
Advanced service platform: PayInOne SaaS platform provides an easy solution for companies to efficiently handle all kinds of worldwide human resources needs, replaces the traditional large-scale human resources department, and cuts costs on employment and management.
Transparent and fair quotation: PayInOne provides customers with a fixed-fee quotation without any hidden fees or additional charges. PayInOne‘s quotation truly stands for what you see is what you get.
Accurate compensation distribution: PayInOne system automatically completes the calculation and distribution of compensation, replaces manual processes, and automatically pays statutory taxes and benefits. Compensation is distributed to employees error-free through the platform.
Fund security:PayInOne provide our clients with 100% compliant compensation payment channels. PayInOne works with the world‘s top banks and financial institutions, and you do not have to worry about the risks of bank account freezing or fund loss.
Data Privacy Compliance: PayInOne protects the intellectual property rights and data privacy of our customer companies and employees. Our system complies with the EU GDPR privacy protection policy and ensures the legality and compliance of the entire overseas hiring process.
Deel:
Multiple Currency Settlement: Deel’s payroll settlement supports various assets and currencies, including solutions based on blockchain and cryptocurrencies, enabling support for more payment scenarios and businesses.
Employment Agreement Management: Provides globally localized contract agreements, invoice management, tax records, and compliance documents, while supporting centralized management and categorization for unified management within its platform.
Diverse Form Offerings: For the U.S. market, Deel provides various forms such as W8, W9, 1099, ensuring correct employee classification and ensuring tax compliance for both employees and businesses.
Multi-platform Integration: Supports technical integration from multiple platforms such as finance and accounting, offering robust API integration capabilities, including plug-in integration capabilities for ERP, HRIS, and other systems.
Conclusion: PayInOne vs Deel, Which One is Better?
Both PayInOne and Deel are leading global platforms for remote employee hiring and payroll calculation. In terms of timeline, Deel has been around for a longer time, naturally having more customers and success stories. Additionally, Deel supports various payment methods, including digital cryptocurrencies.
However, from a cost perspective, Deel’s starting price for global employment is $599 per month, while PayInOne only requires $299 per person per month. Moreover, PayInOne’s global contractor service is $30 cheaper per person per month compared to Deel. In terms of cost-effectiveness, PayInOne clearly wins.
If you’re unsure about which global employment service to choose, it depends on whether you prioritize faster, more convenient, and cheaper global employee hiring, or if you’re looking for a tool with more experience and diverse payment options. If it’s the former, PayInOne seems to have the advantage.
Ultimately, the choice of tool depends on how it helps businesses better develop their global presence rather than its establishment years and market experience.