Today, businesses increasingly rely on international talent to stay competitive and innovative. However, managing payroll for employees across borders presents a range of logistical, legal, and financial challenges. Two prominent solutions, Multiplier and Velocity Global, offer platforms designed to simplify hiring and paying international employees. This article compares the features and costs of Multiplier vs Velocity Global, helping you make an informed decision about which solution best suits your organisation’s needs.
Overview of Multiplier vs Velocity Global
Multiplier and Velocity Global both offer Employer of Record (EOR) services, which allow businesses to hire employees in foreign countries without needing to set up a local entity. These platforms handle employment contracts, compliance, payroll, and other administrative tasks, giving companies the flexibility to scale their global workforce quickly.
| Feature | Multiplier | Velocity Global |
|---|---|---|
| Global Reach | Operates in 150+ countries | Operates in 185+ countries |
| Pricing Structure | Transparent, fixed per employee fee (£200-£300 per month) | Customisable pricing, generally £350-£500 per employee/month |
| Payroll Services | Integrated payroll with taxes, social contributions, and benefits | Extensive payroll with more customisation options |
| Compliance Support | Focus on straightforward compliance across multiple countries | More robust, with in-depth legal and compliance consulting |
| Employee Onboarding | User-friendly, seamless onboarding process | Efficient onboarding but focused more on expansion strategies |
| Benefits Management | Comprehensive, with easy access to manage benefits globally | Customised benefits solutions, tailored for complex structures |
| Flexibility | Designed for SMEs and simple global employment setups | Highly flexible, suitable for large enterprises with complex needs |
| Scalability | Easy scalability, best for SMEs and moderate growth | Ideal for large businesses or enterprises scaling across multiple markets |
| Legal and Tax Compliance | Covers essential compliance with local laws | Offers deeper consulting for complex legal environments |
| Consulting Services | Limited to basic EOR and payroll services | Offers international expansion consulting and strategy |
| Technology/Platform | Simple, intuitive platform focused on ease of use | More comprehensive platform with greater customisation |
| Customer Support | Strong customer support with quick response times | High level of support, with consulting available |
| Ideal For | SMEs, start-ups, and companies seeking transparent pricing and ease of use | Large enterprises and complex organisations seeking tailored solutions |
| Contract Management | Manages local employment contracts with a simple process | Handles more complex contract arrangements across jurisdictions |
| Transparency of Costs | High – straightforward pricing model | Medium – more flexible, but less transparent due to customisation options |
| Additional Services | Limited to EOR and payroll | Broader range of services, including expansion consulting and more |
Multiplier
Multiplier focuses on providing a seamless global employment experience by offering services such as payroll, benefits management, and compliance across more than 150 countries. It is known for its transparent pricing structure and comprehensive services designed to help small and medium-sized enterprises (SMEs) and larger businesses.
Velocity Global
Velocity Global is a well-established player in the global employment space, offering a wide range of services from EOR to international expansion consulting. Velocity Global operates in over 185 countries and is popular among enterprises looking to expand internationally, as well as start-ups needing rapid international hiring solutions.
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Comparing key features
Global reach and coverage
Both Multiplier and Velocity Global offer vast global coverage, making them suitable for businesses looking to hire in multiple countries. However, Velocity Global has a slight edge, with operations in over 185 countries, compared to Multiplier’s 150+ countries. This broader coverage may be a deciding factor for businesses seeking to enter less common markets.
Compliance and legal support
Both platforms take compliance seriously, ensuring that employees are hired in line with local laws. Velocity Global offers a slightly more robust compliance service, with in-depth consulting for companies that need assistance with more complex legal environments. Multiplier, while comprehensive in this area, has a more streamlined approach, ideal for companies looking for simplicity without compromising legal accuracy.
Payroll and benefits management
Both platforms excel in payroll and benefits management. Multiplier offers a fully integrated payroll solution that manages taxes, social contributions, and benefits, making it easy for companies to stay compliant across different jurisdictions. Velocity Global also offers extensive payroll services but provides more customisation, especially useful for larger companies with complex compensation structures.
Onboarding and employee experience
Multiplier shines when it comes to providing a smooth onboarding process, offering user-friendly technology that ensures a fast, efficient experience for both employers and employees. Its focus on employee experience makes it ideal for companies looking to attract top talent with a professional onboarding process. Velocity Global also offers a good onboarding experience but is generally more focused on the overall expansion strategy, which may not be as simple for smaller businesses.
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Flexibility and scalability
Both platforms allow businesses to scale their global workforce quickly. However, Velocity Global‘s broader service offering—including consulting for international expansion—makes it a better fit for large companies or enterprises with complex international operations. Multiplier is more accessible for SMEs or companies looking for a straightforward payroll and EOR service without needing additional consultancy.
Comparing costs
Multiplier pricing
Multiplier’s pricing is typically transparent, with a fixed per-employee fee, which can be beneficial for smaller businesses or start-ups that need predictable costs. The fees start at around £200-£300 per employee per month, depending on the country and specific services required. This transparent pricing model makes it easy to budget and avoid unexpected costs.
Velocity Global pricing
Velocity Global’s pricing is generally considered more customisable, which can be advantageous for businesses with specific needs, but it is often less transparent upfront. Velocity Global tends to tailor its pricing based on the complexity of services and the markets involved. On average, businesses can expect to pay around £350-£500 per employee per month, depending on the level of service and countries in question.
While Velocity Global offers more flexibility in pricing through its tailored services, Multiplier’s lower and more transparent pricing is often more appealing for smaller organisations or businesses hiring in multiple countries.
Comparing key company statistics
When evaluating global employment platforms, it’s essential to consider the core statistics that reflect their scale, market presence, and growth potential. Below is a comparison of key company statistics for Multiplier vs Velocity Global, offering insights into their reach, operational size, and business focus.
| Statistic | Multiplier | Velocity Global |
|---|---|---|
| Year founded | 2020 | 2014 |
| Headquarters | Singapore | Denver, Colorado, USA |
| Number of countries covered | 150+ | 185+ |
| Number of employees | 200-500 employees | 1,000+ employees |
| Number of clients | 500+ | 1,000+ |
| Target market | SMEs, start-ups, mid-sized companies | Large enterprises, multinational corporations |
| Funding raised | Over $60 million | Over $200 million |
| Annual revenue | Estimated $10-20 million | Estimated $100+ million |
| Growth rate | Rapid expansion since launch in 2020 | Steady growth, with established market presence |
| Geographic focus | Asia-Pacific, Europe, and North America | Global, with strong presence across all continents |
| Key service offerings | EOR, payroll, benefits, compliance | EOR, payroll, compliance, global expansion consulting |
This table highlights the significant differences in the scale and focus of each company. Multiplier is a younger and rapidly growing player, catering more to SMEs and mid-sized businesses, while Velocity Global, with a more established presence, targets large enterprises and complex global operations.
Which service is best for your business?
- Small and medium-sized enterprises (SMEs): If your company needs a straightforward, easy-to-manage solution for hiring international employees without additional consulting, Multiplier is likely the best option. Its transparent pricing and user-friendly platform make it an attractive choice for companies that need to scale internationally but don’t require complex services.
- Larger enterprises: If your company requires comprehensive consulting services, more customisation, and operates in multiple complex markets, Velocity Global may offer more value. Its wider global reach and tailored services provide flexibility for large, complex international operations.
Final thoughts – Multiplier vs Velocity Global
Both Multiplier and Velocity Global provide solid EOR services for companies looking to expand globally or hire international employees. The choice between the two will largely depend on the size of your organisation, your specific needs, and your budget.
- Multiplier is ideal for businesses seeking simplicity, affordability, and efficiency, particularly for SMEs or businesses with a more straightforward international hiring process.
- Velocity Global is better suited for large enterprises or businesses with complex international operations that require in-depth compliance support, expansion consulting, and a flexible, customised approach.
By weighing the features and costs of Multiplier vs Velocity Global, businesses can make an informed decision that aligns with their international hiring strategy and financial considerations.
FAQ – Multiplier vs Velocity Global
Switching between platforms can be done, but it requires careful planning. Both services handle employee contracts and compliance, so the transition should be managed to avoid disruptions in payroll, benefits, and legal obligations. Consult with both providers for a smooth process.
Yes, both Multiplier and Velocity Global support hiring independent contractors. They provide tools to manage contractor agreements, payments, and compliance, ensuring that businesses can engage contractors globally while adhering to local regulations and tax requirements.
Neither Multiplier nor Velocity Global has strict minimum employee requirements. Both platforms are designed to accommodate businesses of different sizes, from SMEs with a few international employees to large enterprises scaling across multiple countries.
Both platforms ensure compliance with local tax regulations in each country they operate. They automatically calculate and withhold taxes, social contributions, and other obligations, ensuring businesses stay compliant without needing to navigate complex international tax laws themselves.
Yes, both platforms can assist with global mobility, helping businesses relocate employees across borders. They manage visa processes, work permits, and compliance with local immigration laws, making it easier for companies to transfer talent internationally.
Both Multiplier and Velocity Global provide global health insurance and benefits solutions, allowing businesses to offer competitive benefits packages to employees. These include healthcare, pensions, and other local benefits, tailored to meet local regulations and standards.
Yes, both platforms are well-suited for managing remote teams globally. They ensure payroll, benefits, and compliance are handled regardless of the employee’s location, making them ideal for businesses that operate with fully or partially remote teams across multiple countries.
Yes, both platforms allow for contract customisation to meet specific business needs. They provide standard templates for employment contracts but also offer the flexibility to tailor terms according to the company’s policies, role requirements, and local laws.
Both Multiplier and Velocity Global handle currency conversions during payroll processing. Employees are paid in their local currency, and the platforms manage fluctuations in exchange rates, ensuring timely and accurate payments while minimising financial risk for businesses.
Both Multiplier and Velocity Global typically offer demo services to showcase their platforms. Businesses can request demos to understand the features, user experience, and how the services would integrate with their operations before making a commitment.