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 fourth lowest of the nine vendors here that publish a price.
What employing one person in Brazil through Multiplier costs
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.
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. 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.
Deposits, contracts, currency and exit costs, in Multiplier's words
- Contract
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source - Deposit
The 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 - Leaving
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
If you hire contractors instead
Multiplier also sells Contractors, billed annually at $40 per contractor per month. The lowest published is Skuad's Contractor Management System, at $19.
Closest in price to Multiplier
- Velocity Global (Pebl) lists $399, less than Multiplier.
- Atlas HXM lists $599, more than Multiplier.
Where these numbers come from
- Multiplier's pricing page read
- Velocity Global (Pebl)'s pricing page read
- Atlas HXM'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