Managing international teams can be tricky for HR departments. When hiring contractors and employees, the company has to experience global compliance, payroll, and benefits while keeping the law and employees happy. Luckily, platforms like Deel and Oyster have stepped in to make global HR management a lot easier. Deel and Oyster offer great tools for handling payroll, compliance, and HR globally. But which one is right for your business? In this comparison, we’ll break down Deel vs. Oyster to help you choose the best fit for your company’s needs.
Key Features of Deel
Deel is a platform designed for companies that want to hire internationally. It provides hiring and payment services that help make the process easier. Deel offers global payroll management, which allows companies to pay contractors and employees in different countries and handle everything from taxes to deductions. Deel offers contractors and full-time employee support by providing contracts compliant with local regulations. To better explain this point, when a company hires a contractor or a full-time employee through Deel, the contracts are made to meet the legal requirements of the country it is hiring from to avoid falling into any penalties and getting fined.
Deel also offers self-service options, where contractors can choose payment methods and monitor payments from their dashboard. Its comprehensive services make it a popular choice for companies with complex HR needs in multiple countries.
Key Features of Oyster
Oyster is another global HR platform designed to make hiring and managing talent across borders simple and affordable. Its primary focus is to help companies hire full-time employees internationally, although it also supports contractors.
Like Deel, Oyster allows businesses to hire in countries without establishing a local entity. It manages employee payroll in over 180 countries and provides localized benefits such as health insurance, assistance, and stock options. Oyster handles compliance, helping companies stick to local employment laws and regulations. The platform simplifies employee onboarding with automated workflows, ensuring new hires are quickly set up with the proper contracts and benefits.
Oyster emphasizes employee satisfaction with features like local benefits, a learning platform, and tools to support remote working.
Deel vs Oyster: Key Differences
Focus Areas:
Deel stands out when managing contractors and full-time employees, making it an excellent choice for businesses with diverse workforce needs. It’s trendy among companies that rely heavily on contractors, providing a seamless solution for handling contractor management. On the other hand, Oyster primarily focuses on full-time employee management. Companies looking to expand their global full-time workforce often lean toward Oyster, as it provides a streamlined experience for full-time hiring and employee support.
Payroll Coverage:
Deel and Oyster offer extensive payroll coverage, but their reach is different. Deel supports payments in over 150 countries, allowing companies to pay contractors and employees across various regions. Oyster, however, has an even broader reach, covering over 180 countries. Both platforms handle multi-currency payments and ensure that payroll processes meet local laws so businesses can trust they’re following the proper regulations wherever they hire.
Pricing
When it comes to pricing, Deel tends to offer more flexibility. Its plans can be tailored to fit the specific needs of a company’s workforce, whether they’re managing contractors, full-time employees, or a combination of both. This makes Deel an excellent option for businesses that require customized pricing options. Oyster, in contrast, generally offers more standardized pricing, which is focused on full-time employee management. This works well for companies that mainly hire full-time staff across borders.
Deel and Oyster are user-friendly platforms, but they shine in different areas. Deel offers more customization options for managing contractors, making it an adaptable solution for companies with hybrid workforces, including contractors and full-time employees. On the other hand, Oyster is known for its simplified procedures for hiring and managing full-time employees. Its ease of use in this area makes it a top choice for companies focused on growing their full-time international teams.
Which Is Right for Your Business?
If you have a mix of contractors and full-time employees and need a complete payroll solution, Deel would be your best option. On the other hand, if you are primarily focused on growing a full-time international workforce, then Oyster would be your best choice. Oyster creates a seamless experience for employees and employers, mainly when providing benefits and managing compliance.
Ultimately, both platforms can simplify your global hiring processes, ensure compliance, and improve employee satisfaction, making them valuable tools in today’s remote-first world.
Visit Deel and Oyster to understand their work better and book a demo.