Multiplier Payroll Review 2024

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Overview

Multiplier at a Glance

Multiplier is a SaaS (Software as a Service) management platform designed to simplify the complexities of global employment and payroll management. It's tailored for businesses of all sizes that are looking to expand their workforce across international borders without the need to engage multiple third-party vendors. 

Multiplier eliminates the common pain points associated with managing a global team, such as compliance with local labor laws, currency exchange, and payroll processing. By providing a comprehensive suite of services, Multiplier addresses the challenges of hiring, paying, and managing employees in different countries, making it an ideal solution for companies aiming to globalize their operations efficiently and effectively.

Multiplier Features

Payroll processing: Automated payroll system that ensures timely and accurate employee payments across different countries, accommodating various currencies and tax regulations.

HR management: A suite of HR tools to onboard new employees, manage personal information, and support employee lifecycle management.

Benefits management: Assistance with the administration of employee benefits, including health insurance, retirement plans, and other perks, tailored to each jurisdiction's standards.

Is Multiplier Safe and Reliable?

Multiplier's commitment to security and reliability is evident through its implementation of advanced encryption methods, ensuring that all data transmitted and stored on the platform is protected against unauthorized access. 

The platform employs strict authentication processes, including multi-factor authentication (MFA), to safeguard account integrity. Backup and recovery procedures are in place to prevent data loss and ensure business continuity in the event of an unforeseen disruption. 

Multiplier's compliance with local and international regulations demonstrates its dedication to lawful operation, while employee access controls limit information access to authorized personnel only. Regular security audits are conducted to identify and rectify potential vulnerabilities, maintaining a secure environment for users' sensitive data.

How Multiplier Works

Multiplier integrates various HR functions into a single dashboard, streamlining payroll processing, benefits management, and compliance without the need for multiple third-party vendors. This makes it easier for companies to expand their global footprint and manage a diverse workforce with less administrative overhead and more focus on growth.

How to Get Started With Multiplier / How to Sign Up for Multiplier

Getting started with Multiplier is straightforward and user-friendly, designed to get businesses up and running with their global team as quickly as possible. Here's a basic workflow:

Sign Up: Visit the Multiplier website and sign up for the service. This usually involves providing basic company information.

Set Up Your Profile: Complete your company profile by entering detailed information about your business and the countries in which you operate.

Upload Your Data: Add employee information, including payroll details, to the platform. This can often be done in bulk to save time.

Set Up Your Dashboard: Customize your dashboard to suit your specific needs, including setting up payroll schedules and benefits packages.

Install Custom Integrations: If required, integrate Multiplier with other business systems you use for HR, accounting, or project management to streamline operations further.

Benefit: Enjoy the ease of managing global payroll, ensuring compliance, and providing benefits to your international team, all from one platform.

With Multiplier, businesses can significantly reduce the complexity and time involved in managing a global workforce, allowing them to focus more on strategic goals and less on administrative tasks.

Multiplier Customer Service 

Multiplier's commitment to exceptional customer service is evident from the glowing reviews it has received from its users. With a perfect 5-star rating on Trustpilot, customers have consistently praised Multiplier for its efficiency and reliability in handling payroll services.

You can contact Multiplier via email. If you have questions about the features or pricing, you can reach out to them at enquiries@usemultiplier.com, or if you are already using the product and need some help, you can contact support@usemultiplier.com.

Multiplier Pricing

Multiplier offers two distinct plans, catering to different needs in the global employment landscape. The "Independent Contractors" plan, starting at $40/month, is designed for businesses looking to onboard and pay contractors globally within minutes. This plan is optimal for companies seeking agility in engaging with freelancers or contractors internationally, offering essentials such as instant contracts and agreements, worker classification, multi-currency payments, insurance administration, and round-the-clock support. It's an ideal solution for startups or small businesses aiming to scale their operations without the complexity of setting up local entities.

The "Employer of Record" plan, starting at $400/month, targets businesses intending to onboard full-time employees in over 150 countries without establishing a local entity. This plan encompasses a more comprehensive suite of services, including instant employment contracts, multi-country payroll, ESOPs, benefits, insurance administration, expense and leave management, along with 24/5 support and employee payslips. It is best suited for companies that require a robust solution for managing a global workforce, ensuring compliance and simplifying payroll and HR tasks across different jurisdictions.

Multiplier also offers 2 other plans:

• Global Payroll
• Immigration

For information on the prices of these plans and exactly what they include, contact Multiplier’s sales team directly.

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Bottom Line

Multiplier has emerged as a robust solution for businesses looking to simplify their payroll processes, especially for those hiring and paying global workers. It streamlines payroll management by automating the essential aspects, thus eliminating paperwork and significantly reducing the manual effort involved. 

Given its comprehensive set of features tailored for global workforce management and positive feedback from existing users, Multiplier is well worth considering for businesses looking to manage their payroll and global hiring needs efficiently.