Deel vs. Papaya Global: Which One Is HR’s Favorite Platform?

Managing and scaling a global team can be challenging.

Whether you are an early-stage startup, a fully remote company, or a large enterprise, it can become difficult to handle various aspects, ranging from legal contracts to implementing hiring best practices.

Moreover, if you are using different software solutions to accomplish these tasks, it can result in a significant waste of time, money, and attention.

Fortunately, Deel and Papaya Global are two HR platforms that have addressed these issues by developing comprehensive Employer of Record (EOR) solutions.

If you are interested in determining which platform is the most suitable for your business, continue reading.

Ratings

Deel Overview

Deel is a comprehensive worldwide HR platform that streamlines the task of overseeing a global team, to say the least.

Within this integrated system, Deel offers a wide range of services including global recruitment, HR administration, and payroll management.

Irrespective of whether you are an emerging startup or an esteemed corporation, Deel caters to at least some of your needs, if not all.

With Deel’s expansive global infrastructure, you can effortlessly recruit and remunerate employees, as well as collaborate with freelancers across the globe, while ensuring compliance with local statutes.

It provides an aggregation of built-in tools for compliance, automated invoicing, and smooth global payments.

Moreover, in addition to its HR and payroll functionalities, Deel also offers employee relocation, comprehensive payroll administration, compliance assistance, support during mergers and acquisitions, and global recruitment services.

Key Features of Deel

• Global Hiring
• HR and Payroll Management
• Compliance Management
• Contractor Management
• EOR (Employer of Record) Services
• Country-specific Benefits
• Integration with 100+ Deel Entities and Visa Support

Papaya Global Overview

Papaya Global is a platform that simplifies and humanizes global payroll and payments for businesses operating in a global economy.

It integrates and streamlines the management of your entire global workforce onto a single, user-friendly platform.

By connecting you to a network of verified local vendors, Papaya Global ensures smooth and efficient payroll processing and payment delivery in over 160 countries.

With Papaya Global, you can easily handle complex payroll payments, fund e-wallets in various currencies, and pay your employees in their local currency.

It is built to eliminate payment errors and bounce-backs, providing you with peace of mind that your payments will land as planned.

Beyond payroll and payments, Papaya Global offers the fastest go-live implementation, eliminating extra costs and third-party integrators, so you can start using the platform in no time.

Papaya Global’s extensive coverage spans over 160 countries, allowing you to manage your entire workforce through a unified panel.

Whether they are full-time employees, contractors, or handled through Employer of Record (EoR) services, Papaya Global ensures seamless and compliant payroll management in local currencies.

Key Features of Papaya Global

• Global Payroll & Payments Solution
• Two-Day KYC Process
• Pay Global Workforce in Local Currency
• Extensive Coverage in 160+ Countries
• Support for Global Expansion

With that said, let’s dig deeper into exploring the features that both have to offer:

Deel vs. Papaya Global – Features Comparison

1. Employer of Record (EoR) Services

Employer of Record is when, in this case, Deel and Papaya Global (third-party applications) takes care of all the legwork and headaches, like payroll, taxes, and all that complicated terms.

Deel’s EoR Efforts

Deel’s allows businesses to hire employees worldwide without the need to establish a local legal entity in each country.

As an Employer of Record, Deel takes care of the legal and administrative complexities associated with global hiring, allowing businesses to focus on their growth and expansion.

Deel has legal entities in over 100 countries, enabling businesses to onboard employees from anywhere in the world. This broadens the talent pool and allows companies to access skilled professionals in different locations.

Deel handles all the compliance aspects of hiring employees. This includes managing contracts, ensuring adherence to local labor laws, minimum wage requirements, and handling terminations according to local regulations.

Deel simplifies payroll management by consolidating payments into a single bulk payment.

They handle tasks such as tax deductions, pensions, benefits, and government fees, reducing the administrative burden on businesses and ensuring accurate and timely payments to employees.

Deel even automates and localizes the onboarding process for each country, reducing onboarding time to as little as 5 minutes.

Papaya Global’s EoR Efforts

Papaya Global offers an Employer of Record (EoR) feature as part of its comprehensive payroll and payments platform.

By utilizing Papaya’s Employer of Record service, you can ensure compliance with local employment laws, reducing the risk of legal and financial penalties.

Papaya stays up-to-date with the ever-changing regulations, allowing you to focus on your business operations.

Papaya enables you to manage your global workforce effectively.

You can hire, onboard, and manage employees across multiple countries, while Papaya takes care of payroll, benefits, tax withholding, and statutory contributions, ensuring accurate and timely payments to your employees.

Along with managing employees, Papaya also handles contractors, providing you with a unified platform to manage both employee and contractor payroll and compliance.

Papaya Global offers a team of local and global specialists who provide expertise in global payroll and employment matters.

Our Opinion

Both Deel and Papaya Global offer robust EoR solutions that can benefit businesses with global hiring needs.

Deel’s advantage lies in its extensive presence with legal entities in over 100 countries, offering a broad talent pool and simplified onboarding.

If a business needs to hire employees from diverse locations, Deel’s global reach can be advantageous.

2. Compliance and Regulatory Support

Compliance, here, refers to the services and features offered by Deel & Papaya Global to help businesses in adhering to local laws and regulations when hiring and managing remote workers worldwide.

Deel’s Compliance

Deel provides customized contracts for both employees and contractors, mitigating the risks associated with using generic agreements.

They conduct regular reviews and updates of your contracts to stay up-to-date with any changes in local laws.

Each country has its own requirements for ensuring compliant work from your team. Deel takes care of collecting all the necessary documentation, including taxes, permits, and compliance documents.

Additionally, they maintain a centralized record of every document, making it easy for you to track and ensure that nothing is missing.

Deel collaborates with reputable legal partners in various countries to stay informed about local labor laws. They update their contracts on a quarterly basis to incorporate any necessary changes.

For contractors based in the United States, Deel also automates the process of managing local taxes.

Papaya Global’s Compliance

Papaya Global has certified teams consisting of in-country partners, in-house legal experts, and a Center of Excellence. These teams possess extensive knowledge and expertise in local employment laws, payroll regulations, and calculations.

Papaya Global’s legal teams are located in the United States, Israel, Europe, and Asia.

Papaya Global ensures that its employment contracts are always validated by both local partners and their own legal department.

They assess your entire workforce to ensure correct classification according to local regulations.

If any doubts arise, they provide alternative employment models to help maintain compliance.

Papaya Global prioritizes the security of sensitive payroll and payment data. They adhere to strict international standards and certifications.

Our Opinion

Both Deel and Papaya Global offer robust compliance features and have reputable legal teams to support their clients.

Here are a few factors to consider:

• Customization: Deel offers customized contracts for employees and contractors, which may provide more flexibility for your specific requirements.
• Document Management: Deel maintains a centralized record of every document, making it easier to track and ensure compliance.
• Localization: Papaya Global has certified teams in various countries, ensuring in-depth knowledge of local employment laws and regulations.

EDITORIAL NOTE: Consider which factors are more important to you, and prioritize the platforms based on those factors.

3. Payroll Management

Payroll management is the process of handling and administering payroll-related tasks for businesses operating in multiple countries.

Deel’s Payroll Capabilities

Deel allows you to run payroll in more than 100 countries worldwide.

And by using Deel’s platform, you can consolidate your payroll processes into a single system, reducing administrative complexity.

This means you have a centralized system to manage payroll-related tasks, such as salary and tax payments, employee benefits and deductions, payslip creation and delivery, etc.

Deel helps eliminate data errors and inconsistent reporting by providing a unified process and point of contact for each country.

It integrates with various HRIS (Human Resources Information System) or accounting software. This allows you to sync relevant data such as vacation days, salary details, and expenses seamlessly.

With 20+ integrations available, you can connect Deel with your existing systems and streamline your payroll processes further.

Papaya Global’s Payroll Capabilities

Papaya Global leverages AI-based data verification to provide budget tracking, anomaly detection, and on-time execution.

They support all types of employment, allowing seamless switching from contractors or Employer of Record (EoR) to payroll.

Papaya Global offers a unified platform for global payroll, benefits, and equity management, making it easier to manage and nurture your workforce.

Papaya Global also enables seamless integration with HRIS (Human Resource Information System) or HCM (Human Capital Management) systems, as well as other workforce tools.

They offer a mobile app called Papaya Personal, which allows employees to securely manage their documents and data from anywhere.

Additionally, they have developed an embedded payments platform designed specifically for workforce payments. It ensures payments are made on time and at full value, freeing up working capital.

Our Opinion

Deel and Papaya Global both offer strong features for global payroll management.

Deel emphasizes its extensive global coverage and localized expertise, while Papaya Global focuses on precision payroll, compliance alerts, and modernization (with AI-based data verifications).

4. Contractor Management

Contractor management refers to the process of effectively and efficiently managing contractors who work for your business or organization.

Deel’s Contractor Management

Deel enables you to hire contractors from over 150 countries, offering a diverse talent pool for your business.

With Deel, you can effortlessly create, send, and sign localized contracts that adhere to local laws, reducing risks for your business.

Furthermore, Deel takes care of collecting all the necessary tax, permit, and compliance documents, ensuring that your contractors are fully prepared to work in compliance with regulations.

Simplifying your administrative workload, Deel automates the entire invoice process, saving you valuable time.

You can effortlessly generate digital invoices for every payment and seamlessly integrate all your data with your preferred accounting tools.

Deel supports over 15 payment methods, including cryptocurrencies, and allows you to make bulk payments in your contractors’ local currency, streamlining the payment process.

Additionally, Deel offers a free Global Hiring Toolkit, which provides a comprehensive set of tools to assist you in navigating international hiring across 80+ countries.

Papaya Global’s Contractor Management

With Papaya Global, businesses can hire contractors from around the world without facing local constraints. The onboarding process is efficient and can be completed quickly.

Papaya Global takes care of collecting taxes and other necessary documentation, making it easier for businesses to engage with global contractors.

Papaya Global ensures compliance by helping businesses avoid misclassifying contractors, handling all country-specific tax forms, and providing agreement templates. This minimizes the risk of legal issues.

Furthermore, Papaya Global enables global contractors to submit invoices through their dedicated portals and supports the instant generation of digital invoices.

Our Opinion

Both Deel and Papaya Global offer strong compliance features, but Deel’s wider reach, comprehensive contractor management platform, and contractor-focused benefits give it an edge in providing a more holistic solution for businesses.

5. Integration Capabilities

As discussed earlier in the article, Deel and Papaya Global connect with numerous third-party tools to enhance global team collaboration and streamline task management related to teams.

Deel’s Integration

1. Accounting Integration: Deel enables you to reconcile invoices in real-time with your preferred accounting software (like Quickbooks and Zero).

2. Human Resources Integration: With Deel’s HR integration (BambooHR), you can keep team details, contracts, and compliance documents always in sync.
3. Hiring Integration: Deel streamlines how you hire and onboard new team members by integrating with tools like Ashby, greenhouse and bob.
4. Deel API: In addition to the third-party integrations, Deel offers an Open API that allows you to build custom integrations with other tools in your HR tech stack.

Papaya Global’s Integration

Papaya Global provides easy-to-use, well-documented, and secure cloud connectors that can connect to any HR software.

These connectors enable the transfer of data related to compensation, expense management, human capital management (HCM)/HRIS, and paid time off (PTO) systems.

Some of the featured connectors offered by Papaya Global include Expensify, BambooHR, HCM Cloud Connector, NetSuite, Namely, HiBob, Oracle HCM, UKG, and SAP Success Factors.

In addition to the pre-built connectors, Papaya Global also allows you to request new connectors tailored to your specific needs.

Our Opinion

Deel’s integration feature provides comprehensive functionality, including accounting integration, HR integration, and hiring integration, along with an open API for custom integrations.

On the other hand, Papaya Global offers pre-built connectors for popular platforms and the flexibility to request customized connectors.

Consider factors such as the platforms you already use or plan to use, the level of automation required, and the complexity of your payroll and HR processes.

Pricing

Deel Pricing

Deel offers the following pricing plans:

1. EOR (Employer of Record):
   • Pricing: Starting at $599/month
   • Description: This plan allows you to hire employees in 100+ countries where you don’t have entities. Deel takes care of local payroll, benefits, taxes, and compliance.
2. Contractors:
   • Pricing: Starting at $49/month
   • Description: This plan is designed for managing and paying international contractors. It helps you avoid misclassification risks by providing locally compliant contracts and guidance on local laws.
3. Global Payroll:
   • Pricing: Contact Sales for pricing details
   • Description: With the Global Payroll plan, you can run multi-country payroll in 100+ countries where you have entities. Deel handles everything from onboarding and offboarding to payroll processing, government declarations, taxes, benefits, pay slips, and more.
4. Deel HR:
   • Pricing: Get started for free
   • Description: Deel HR offers automation of HR administration and reporting for any worker within a global HR system. The plan includes features like automated access to apps like Google Suite, custom document collection, expense and time off management, etc.
5. Immigration:
   • Pricing: Contact Sales for pricing details
   • Description: Deel assists with immigration processes and visa sponsorship in 25 countries and counting.

Papaya Global Pricing

Papaya Global offers a range of pricing options for its global payroll and payments platform, as well as other services. Here is an overview of Papaya Global’s pricing structure:

1. Global Payroll & Payments Platform:
   • Starting at $3 per month per employee.
   • This package includes a comprehensive payroll platform, embedded payments, a global partner network, and an employee portal.
2. Full-Service Payroll:
   • Starting from $12 per month per employee.
   • This package includes the advanced payroll platform, embedded payments, global partner network, and employee portal.
3. Data and Insights Platform License:
   • Starting from $150 per month per location.
   • This package enables you to analyze payroll costs and headcount in real-time.
4. Payments-as-a-Service:
   • Starting from $3 per month per employee.
   • This option streamlines payments through the first embedded platform designed for workforce payments.
5. Employer of Record (EOR):
   • Starting from $650 per month per employee.
   • With this service, you can manage all your EOR locations on one platform.
6. Contractor Management:
   • Starting from $2 per month per contractor.
   • This package simplifies the onboarding and payment of international contractors quickly and compliantly.
7. Global Expertise Services:
   • Starting from $190 per month per employee.
   • This option offers supplemental benefits packages for all employee types at all locations.

Deel Pros and Cons

Pros

• Extensive global infrastructure with legal entities in over 100 countries, allowing businesses to hire employees from anywhere in the world.
• Simplifies global recruitment, HR administration, and payroll management.
• Offers country-specific benefits and integration with 100+ Deel entities and visa support.
• Automates and localizes the onboarding process for each country, reducing onboarding time.

Cons

• Pricing can be relatively high, especially for smaller businesses.
• Some users had complaints regarding customer service response times (Source: G2).

Papaya Global Pros and Cons

Pros

• Provides a fast implementation process, allowing businesses to start using the platform quickly.
• Offers extensive coverage in over 160 countries, allowing businesses to manage their entire global workforce through a unified platform.
• Provides Employer of Record (EoR) services, ensuring compliance with local employment laws and reducing the risk of legal and financial penalties.
• Supports global payroll and payments in local currencies, making it easier to pay employees worldwide.

Cons

• The platform’s pricing structure can be very confusing. Also, unlike Deel, it does not offer any free plans or trials.
• Some users faced issues with communication, invoice disputes, and problems with paying out accrued PTO (Source: G2).

Conclusion (Who’s The Real Deal)?

With the help of comprehensive HR platforms like Deel and Papaya Global, you can streamline your operations and overcome the complexities associated with global hiring and management.

Both Deel and Papaya Global offer robust features and solutions to address the needs of businesses operating in a global economy.

Consider your specific business requirements, such as the need for a broad talent pool, customization options, compliance support, payroll management features, and integration capabilities.

Lastly, evaluate the pricing plans offered by Deel and Papaya Global to find the best fit for your budget.