HRTech company Deel launches ‘Global Payroll’ service to easily manage your international workforce

Amsterdam, Tuesday 28 June 2022 – Until now, the global wage market has been fragmented. For example, companies that have four subsidiaries in different countries may be dealing with four different regional wage providers. This creates more room for error and less efficiency. Share, the HRTech startup that facilitates all administrative and legal matters related to hiring external staff through its platform, today launches a fully managed Global Payroll platform.

The Shares platform helps international companies manage regional payroll systems in one integrated platform. Given that more and more companies, thanks in part to the pandemic, are building a telecommuting force and therefore operating internationally, this is a welcome service. Share solves this by providing a platform that brings together all payroll processing in one integrated payroll platform and can be used in more than 90 locations and in all major currencies, including crypto. This allows international companies to pay for their external workforce using, among other things, one invoice.

Shares Global Payroll enables companies to manage their workforce via one platform, with a complete overview of payroll data, whether it’s freelancers, a flexible layer through EOR (Employee Of Record) or employees on the payroll. In addition, the platform offers companies internal expertise in compliance and payroll. In this way, they can automate payroll administration, significantly reduce the risk of human error, and speed up the process. Share is integrated with HRIS systems such as Workday, BambooHR and Hibob, among others, and helps eliminate manual work and data inconsistency within all HR tools.

By managing the entire team on a single platform with standardized reporting to employees across classifications, roles and anywhere, Share enables companies to make data-driven pay decisions. Whether you need an overview of Brazil’s social security contributions or UK pension costs, companies can see it all in one dashboard.

Deel’s global payroll follows a period of significant growth. In October 2021, the company announced its Series D round led by Coatue, which raised $ 425 million and valued Deel at $ 5.5 billion. Share also announced last week that they had made an offer to take over the Australian company PayGroup. PayGroup is a payroll provider that maintains a strong position worldwide. With this offer, the creation of a complete global pay platform will continue

“Together we will build the payroll industry’s first truly global solution that enables companies around the world to hire, pay and manage the best talent anywhere. PayGroup’s strong presence in countries such as Australia, India, Singapore and Japan will expand our customer base and strengthen our global pay leadership. ” † Co-founder and CFO of Deel, Philippe Bouaziz.

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About Del

Share, the leading global HRTech platform, facilitates administrative and legal issues related to remote employment. Shares technology provides payroll, HR, compliance, employee benefits and other options needed to recruit a remote and manage a remote team.

Using a technology-driven self-service process, Deels customers can hire self-employed and full-time employees in more than 150 countries, in compliance with requirements and in minutes. With more than 250 legal, accounting, mobility and tax experts as partners, Share allows any business to draft, sign and send localized contracts and pay teams in more than 120 currencies with just a single click. Share, founded in 2019 by Alex Bouaziz and Shuo Wang, is a fully distributed company with employees worldwide.

About Dennis Valkema

Dennis has worked in the HR and Talent Management world for over 25 years, where he has held various consulting and management positions. When Dennis was asked to build and lead the Benelux team as leader and board the rocket ship, which is Deel, the fastest growing technology company in the world, he could not turn down this unique opportunity. He and his team have the background and expertise to help companies hire anyone, anywhere, in minutes.

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