In today’s increasingly global workforce, businesses face the challenge of efficiently and compliantly paying international employees. Many platforms have emerged to help companies manage cross-border payroll, taxes, and compliance. Two prominent names in this space are Rise and Deel. Both offer payroll solutions for international teams, but how do they compare in terms of features and costs? Let’s take a closer look at Rise vs Deel to help businesses decide which one might be the better fit for their needs.
Key features
| Feature | Rise | Deel |
|---|---|---|
| Target audience | Small to medium-sized businesses looking for HR and payroll integration. | Companies with a global workforce, including contractors and full-time employees. |
| Global reach | Primarily focused on domestic payroll with some international support. | Operates in over 150 countries, offering strong support for global teams. |
| Payroll services | Full payroll processing (including taxes, deductions, etc.) for local and international employees. | Supports global payroll for contractors and full-time employees, handling taxes and compliance. |
| Employee onboarding | Offers streamlined onboarding for both local and international employees, including digital contracts. | Simplifies onboarding for both contractors and full-time employees with compliance support. |
| Compliance support | Basic compliance support, focused on local regulations. | Extensive compliance infrastructure with access to local legal experts across various countries. |
| Employer of record (EOR) | Not available. | Available in 150+ countries, allowing businesses to hire employees without a local entity. |
| Contractor support | Supports international contractors but not with the same level of automation as Deel. | Excellent contractor support with automated invoicing, payments, and tax compliance. |
| Payments and invoicing | Payroll integration supports payments, but less focused on contractor invoicing. | Multiple payment options (bank transfer, PayPal, Payoneer, crypto), and automated invoicing for contractors. |
| Currency support | Limited to basic payroll currencies, usually focused on local requirements. | Supports multiple currencies and payment methods for contractors and employees worldwide. |
| HR features | Integrated HR management, including time tracking, performance reviews, and benefits management. | Primarily focused on payroll, with limited HR features compared to Rise. |
| Tax handling | Manages taxes for local employees and some international tax filings. | Handles complex tax filings and local tax regulations for both contractors and employees. |
| Automation | Automated payroll processing and reporting for streamlined operations. | Automation for contractor payments and tax compliance, as well as payroll for full-time staff. |
| Integration with other tools | Integrates with popular HR software for benefits, performance, and time tracking. | Less HR-focused, but integrates with accounting and compliance software. |
| Cost for contractors | Custom pricing based on the number of contractors and specific needs. | Starts at $49 per contractor per month, includes invoicing and compliance. |
| Cost for full-time employees | Custom pricing, typically bundled with HR services. | Starts at $599 per employee per month for EOR services. |
| Ideal for | Businesses with a primary focus on HR management and payroll integration. | Companies with a global workforce, complex compliance needs, and international operations. |
Both Rise and Deel are designed to streamline the process of hiring and paying international employees, but they differ in their approach and features. Below is a comparison of the primary functionalities offered by each platform.
Rise
Employee benefits and payroll
Rise offers comprehensive payroll services that include paying both local and international employees. It provides detailed pay slips, tax filing, and adherence to local employment laws. Rise also integrates with other HR systems to help manage benefits, track time off, and support performance reviews, making it a well-rounded HR solution.
Employee onboarding
With Rise, you can onboard international employees and contractors through an easy-to-use platform that collects necessary documents, ensures legal compliance, and enables the digital signing of contracts.
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Automation and reporting
Rise offers automated payroll processing and detailed reporting, making it easy for companies to maintain oversight and accuracy. It can help ensure that payroll deadlines are met, while also providing insights into payroll trends, labour costs, and compliance risks.
HR and benefits integration
Rise integrates payroll with HR and benefits, allowing businesses to manage employee benefits like health insurance and pension schemes directly through the platform. This integration ensures smoother administration and better data flow between HR and payroll systems.
Deel
Global hiring capabilities
Deel excels at enabling businesses to hire and pay international employees and contractors in over 150 countries. It manages all the complexities of local tax laws, worker classification, and compliance with international employment regulations.
Compliance and legal support
Deel’s compliance infrastructure is a key selling point. The platform helps businesses remain compliant with local laws by offering access to local legal experts. This includes handling worker misclassification, ensuring tax compliance, and adhering to varying labour laws in different countries.
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Contractor and full-time employee support
Whether your business employs contractors or full-time employees abroad, Deel offers services to meet both needs. It simplifies invoicing for contractors and manages benefits and tax compliance for full-time staff, making it a versatile solution for global teams.
Payments and invoicing
Deel provides multiple payment options, including bank transfers, PayPal, Payoneer, and cryptocurrency. Its invoicing tools allow for automated payments and support for various currencies, ensuring seamless transactions no matter where your employees are located.
Global EOR (employer of record)
Deel offers an Employer of Record (EOR) service, which allows businesses to legally hire employees in countries where they don’t have an entity. Deel takes on the responsibility for local employment contracts, taxes, and compliance.
Cost comparison
Cost is a significant factor when choosing a payroll platform. Both Rise and Deel are transparent about their pricing, though the costs will vary depending on the size and structure of your workforce, as well as the specific features you require.
Rise pricing
Rise’s pricing is typically based on the number of employees you have, and while specific costs are not always publicly available, it offers flexible plans for businesses of different sizes. As Rise is primarily focused on HR and payroll for small to medium-sized businesses, it tends to be more cost-effective for companies with domestic and international employees, but without extensive global operations.
For those interested in Rise’s HR features alongside payroll, the cost will likely include a bundled price that covers both services. Custom quotes are available, and businesses are encouraged to reach out to Rise for specific pricing tailored to their needs.
Deel pricing
Deel’s pricing structure is more straightforward. For contractors, Deel charges a flat fee starting at $49 per contractor per month, which covers payroll, compliance, and invoicing. For full-time employees, the pricing varies based on the level of service required, with the EOR service starting at $599 per employee per month.
While Deel may seem more expensive on the surface, it’s important to consider the value it provides in terms of compliance, legal support, and international tax management. For companies with a more complex global footprint, Deel’s cost structure could ultimately save time and resources spent navigating different legal systems and payroll regulations.
Comparing key company statistics
When choosing a payroll platform, it’s useful to examine the key statistics and company data that reflect their market presence, user base, and overall growth. Below is a comparison of Rise vs Deel in terms of company size, global reach, funding, and customer base.
| Statistic | Rise | Deel |
|---|---|---|
| Founded | 2012 | 2019 |
| Headquarters | Canada | San Francisco, USA |
| Total funding | Private, not publicly disclosed | Over $679 million in funding |
| Global reach | Primarily North America, with some global support | Operating in 150+ countries worldwide |
| Number of employees | Approx. 200-300 employees | Over 2,000 employees globally |
| Customer base | 1,000+ businesses | 18,000+ businesses across multiple industries |
| Supported currencies | Limited international currencies | 120+ currencies supported for global payroll |
| Employer of Record (EOR) | Not available | Available in 150+ countries |
| Contractor payments | Available but more focused on payroll | Specialises in managing international contractors |
This comparison highlights how Deel has rapidly expanded its global footprint and customer base, thanks in part to significant funding and a strong focus on international compliance.
Rise, on the other hand, remains focused on North American markets, catering more to small and medium-sized businesses with a need for integrated HR and payroll solutions.
Which platform is right for your business?
Choosing between Rise and Deel will largely depend on your company’s specific needs.
- If your business operates primarily in one or a few countries and needs an integrated HR and payroll solution, Rise could be the better option. Its emphasis on HR integration and automation makes it ideal for small to medium-sized businesses looking for a cost-effective, all-in-one solution.
- If your business has a global workforce and requires extensive compliance support, Deel stands out as the stronger choice. Its ability to manage contractor payments, handle tax complexities, and offer EOR services in multiple countries makes it well-suited for businesses with complex international payroll needs.
Conclusion – Rise vs Deel
Both Rise and Deel offer valuable payroll solutions for businesses with international employees. Rise is a comprehensive HR and payroll platform that is particularly beneficial for businesses looking for an integrated solution, while Deel offers unmatched compliance support and global payroll capabilities for companies with employees across multiple countries.
Ultimately, the choice between Rise vs Deel will depend on your company’s size, location, and payroll complexity. By understanding the key differences in features and costs, businesses can make an informed decision that best supports their global workforce.
FAQ – Rise vs Deel
Both platforms support paying freelancers. Deel excels in managing contractors with automated invoicing, payment options, and compliance in over 150 countries. Rise can also handle contractor payments, but its focus leans more toward employee payroll and HR functions.
Deel offers cryptocurrency payments as one of its multiple payment options, making it convenient for businesses and freelancers that prefer crypto transactions. Rise, however, does not provide this payment method and sticks to more traditional payroll and banking methods.
Deel offers robust local tax compliance support in over 150 countries, ensuring businesses meet tax regulations across borders. Rise provides tax management services but is more focused on domestic employees, offering limited support for complex international tax compliance.
Both Rise and Deel offer integration options, though their focuses differ. Deel integrates with accounting and compliance software to streamline global payments and tax handling. Rise integrates more with HR-related systems to support payroll, time tracking, and benefits management.
Rise includes time tracking as part of its HR and payroll integration, allowing businesses to manage work hours and leaves. Deel does not provide built-in time tracking, focusing more on payroll, compliance, and contractor management for international teams.
Neither Rise nor Deel typically charges an upfront setup fee. Both platforms offer flexible subscription-based pricing models based on the number of employees or contractors, but costs will vary depending on the scope and services required.
Rise provides detailed payroll reporting with insights into labour costs, tax deductions, and trends. Deel also offers payroll reporting, but its focus is on compliance and payments for international contractors and employees, making its reporting more suited to global operations.
Rise integrates performance reviews as part of its broader HR offerings, allowing managers to assess employee performance alongside payroll. Deel, however, is more focused on payroll and compliance and does not include performance review functionalities.
Rise allows businesses to manage employee benefits such as health insurance and pensions directly within the platform. Deel focuses on payroll and compliance, though it supports benefits for full-time employees through its Employer of Record service in certain countries.
Deel supports long-term contracts through its EOR service, allowing businesses to employ full-time staff internationally while managing compliance. Rise, while capable of handling payroll for longer-term employees, is more tailored to local HR needs than global employment solutions.