Multiplier Employer of Record pricing
Published price
from $459 per employee per month
Multiplier lists its Employer of Record plan, on an annual contract, starting at that price. The sixth lowest of the thirteen vendors here that publish a price.
What does one employee in Brazil cost through Multiplier?
On top of the salary, Brazilian law makes the employer pay 20 percent social security (Lei 8.212/1991 art. 22) and 8 percent into the worker's FGTS account (Lei 8.036/1990 art. 15). Multiplier charges its fee on top of both.
Includes the thirteenth salary: Brazilian law requires 13 monthly salaries a year, added here at face value. Not included: the employer charges on that extra salary, benefits and any currency conversion fee.
And in the United Kingdom
A UK employer pays 15 percent National Insurance on pay above a yearly threshold, and at least 3 percent into the worker's workplace pension, both set by the government on gov.uk. Multiplier charges its fee on top.
This slightly overstates the cost: both rates are worked out here on the whole salary, while the law applies them only above a threshold or within a pay band. Not included: holiday pay rules, benefits and any currency conversion fee.
What does Multiplier say about deposits, contracts and exit costs?
Is there a minimum contract with Multiplier?
Is there a minimum headcount requirement? No. You can hire a single employee or scale an entire global workforce.
source
Does Multiplier ask for a deposit?
Client shall replenish the EOR Deposit upon Multiplier’s request.
sourceThe Client shall make payment towards the EOR Deposit upon creating an Engagement Request for each Resource, and Multiplier shall execute the Employment Contract with the Resource only after receipt of the EOR Deposit funds.
source
What does it cost to stop using Multiplier?
The Termination Accrual may be charged on a periodic basis and will be determined by Multiplier exclusively based on the applicable statutory requirements and/or employment practices in the Specified Jurisdiction.
source
What does Multiplier charge for contractors?
Multiplier also sells Contractors, billed annually at $40 per contractor per month. The lowest published is Skuad's Contractor Management System, starting at $19.
Closest in price to Multiplier
- Remundo lists from $498, more than Multiplier.
- Pebl (Velocity Global) lists $399, less than Multiplier.
Where these numbers come from
- Multiplier's pricing page read
- Remundo's pricing page read
- Pebl (Velocity Global)'s pricing page read
- Skuad's pricing page read
- Lei 8.212/1991 and Lei 8.036/1990 on planalto.gov.br
- HMRC rates and thresholds for employers and workplace pension minimums on gov.uk