Teamed Employer of Record pricing
Published price
$599 per employee per month
Teamed lists its Employer of Record plan at that price. The seventh lowest of the twelve vendors here that publish a price.
What does one employee in Brazil cost through Teamed?
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). Teamed charges its fee on top of both.
Not included: the Christmas bonus salary the law also requires, which this site cannot yet check against the statute, plus 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. Teamed 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 Teamed say about deposits, contracts and exit costs?
- Contract
No exit fee and no lock-in for you: the agreement is month to month and you can cancel any month.
source - Fees
No setup fee, no exit fee, no minimum commitment.
source - Deposit
There is also a one-month deposit, and it can be paid in more than one way.
source - Currency
Teamed absorbs FX, so the rate you see on the invoice is the rate that was applied.
source - Leaving
Offboarding an employee inside their first three months of employment may carry a fee, set out in the agreement you see before you sign.
source
What does Teamed charge for contractors?
Teamed also sells Contractor management at $49 per contractor per month. The lowest published is Skuad's Contractor Management System, starting at $19.
Closest in price to Teamed
Where these numbers come from
- Teamed's pricing page read
- Atlas HXM's pricing page read
- Deel'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