Global Remote Teams | Competitor Comparison — Papaya Global vs Deel vs Omnipresent

Employers want a pool of happy and productive employees as a company’s human resource is its ultimate asset for bringing in the best for businesses. And in response to COVID-19, many companies have even started taking suitable measures for effectively managing remote employees and dealing with the current topsy-turvy situation to the best of their capacities.

The pandemic is challenging for all companies that have encountered a dramatic rise in remote work culture. Where its importance is not left behind in strengthening the international presence, companies are searching for solutions that can provide easy onboarding and seamlessly managing remote employees.

With the problem being stated, many employers might be thinking about ways of managing virtual teams effectively? Or, how do they navigate through the complex processes of multi-country payroll, local compliance, and taxation?

As more and more employers and employees experience the benefits of remote work, many companies are in favor of continuing it permanently or semi-permanently. The only issue is when it comes to handling complex cross-country payroll, compliances, and legal matters related to hiring and managing remote teams from different foreign lands.

Here, the best solution is to hire an Employer of Record (EOR), when it comes to managing remote workers. It is a third-party company that becomes the legal employer of your remote employees and takes the responsibility for all formal workforce management tasks.

EOR allows companies to run a local payroll legally in a new country without setting themselves as a physical local entity. Their importance lies in the biggest issue of managing international payroll without the risk of violating legal laws.

EOR helps with strengthening overall communications and payroll, enhancing engagement as a truly happy employee in the current pandemic situation will deliver satisfactory results.

In light of the same, let’s read about offerings by different EOR, PEO, Global Payroll Platforms like Papaya Global, Deel and Omnipresent currently thriving in the market.

Papaya Global

• It is one of the major EOR platforms active worldwide covering both contractors as well as management system services.
• It allows companies to manage all the contract agreements from one dashboard.
• Papaya Global provides various services of cross-border payments, tax filing, compliance checks and is known for providing advanced customized BI reports targeting any goal of payroll ledger, workforce planning, auditing, HR and others.
• This EOR platform starts providing services starting at $770/month, making it a suitable choice for many companies, keeping the gamut of services it provides in mind.

Deel

• Available in more than 150 countries, Deel provides payment solutions through management software for the remote teams having employees as contractors.
• Deel aims to reach every corner with the help of legally compliant contracts to run seamless automated payroll.
• It offers a built-in assistant to manage all the client’s invoices for seamless synchronization of invoices with any accounting software.
• The company has low overhead costs because of which their pricing is less, starting merely at $50/month, making it suitable for small and medium-sized businesses.

Omnipresent

• It is one of the fastest-growing platforms currently active in more than 150 countries to provide seamless onboarding, payroll, and benefits to the employees.
• It is one EOR platform that ensures high-quality benefits at par with international standards.
• The platform provides family leave, paid time off, remote work equipment, international share options scheme, pension, insurance and other benefits to cater to various needs of the employees.
• Another offering Omnipresent provides is real-time support to the clients by answering their diversified questions on international employment by a pool of legal, HR, and compliance experts.

How to decide which platform is ready to lead your remote teams?

The workspace is evolving. Employee’s mindset is changing, thanks to a COVID-19 pandemic for the increased speed. Talent is competing for non-financial benefits like work from home opportunity. It is important to systematically understand issues within the company and deploy remote workforces to avoid costly interventions.

There exist other EOR and payroll platforms like Skuad, Oyster, and Globalization Partners that streamlines employee lifecycle management, taking care of a company’s onboarding, payroll, and contracts compliantly. These companies provide a self-serve platform based on end-to-end cloud-based technology, allowing businesses to easily onboard and manage their employees themselves. Moreover, these companies focus on providing benefits at par with the international standards to ensure high employee satisfaction.

Final Words

Searching and hiring the right employees is one thing while their onboarding and managing are another. Many companies face the challenge of keeping their payroll intact with high employee satisfaction and retention.

Moreover, when merged with the current pandemic, it has become tough for the companies to maintain their seamless international operations. In light of the same, partnering with an EOR (Employer of Record) will be the best choice to ease out the stressed environment within the companies.