Best Professional Employer Organisation Service Provider (Gold)
The Multiplier team received the Gold Award for Best Professional Employer Organisation Service Provider at the HRM Asia Readers’ Choice Awards 2022.
As businesses become more globalised, they often need to manage teams of employees from a more diverse range of backgrounds. This might pose a challenge as businesses need to ensure that their employees are able to work together effectively and have the necessary support. Besides, labour regulations vary from country to country.
The true meaning of globalisation has changed over the years, Sagar Khatri, Co-Founder and CEO of Multiplier, declared. He explained, “A decade ago, globalisation was mainly driven by cross-border trade in goods and services. Today, globalisation is defined by the flow of human capital from country to country, and how collaboration takes place across borders. To build a truly distributed workforce, companies need employment solutions providers like Multiplier to scale quickly, efficiently, and compliantly.”
Multiplier brands itself as an all-in-one HR partner to employ, pay and manage global teams. It provides Professional Employer Organisation (PEO) services to employers with existing entities who need support with onboarding and managing payroll, benefits, expenses, and other HR services. For excellence demonstrated in delivering these services, Multiplier was awarded the Gold Award for Best PEO Service Provider.
Specifically, employers can utilise the platform to manage international payroll for their global workforce in more than 120 currencies and bring them all down to a single monthly invoice. They may also offer competitive benefits and insurance, which the Multiplier team is constantly updating to comply with local laws and norms; and manage their workforce better by centralising documentation around employment, offer letters, payslips, insurance, expense receipts, time offs, and more.
Furthermore, the Multiplier platform offers features such as a salary calculator, which allows companies to evaluate the average salary compensations across multiple specialities. A company explorer database is also available to provide users with a comprehensive overview and analysis on employment across more than 150 countries worldwide.
“At Multiplier, we take care of these complexities so that our customers can focus solely on growing their business,” Khatri said. “It is a privilege to be presented with the highest honour of Best PEO Service Provider. This is a huge win for our dedicated team of professionals at Multiplier. We will continue to provide the best-in-class service and help global teams expand into new markets with full compliance, speed, and agility.”
Multiplier was founded in 2020 to simplify how companies hire, pay, and manage employees in countries without a local legal entity. With over 150 entities and partnerships established worldwide, Multiplier’s platform simplifies the employment process by taking charge of the complexities involved in expanding and employing in new markets.
By addressing the issues of global employment, Multiplier is helping eliminate borders to redistribute the supply and demand of global talent by providing opportunities for people and scaling companies across the world.