Deel was launched in Australia in July 2021 and now has over 500 clients across Australia and New Zealand, across all segments. Customers include Finder, SiteMinder, Budgy Smuggler, Paperform and Immutable.
Deel has enabled employers to compliantly and safely recruit workers around the world, even in countries where the employer does not have an employing entity of their own. Now Deel makes it possible for the first time to hire, manage, and pay global teams compliantly on one platform with Deel HR.
Deel also announced it has reached $US 295 million annual recurring revenue, up from $US 57 million a year ago, and has a valuation of $US 12 billion.
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Deel ANZ country manager Shannon Karaka told iTWire it is "uncommon what has been achieved” and it is “thanks to partners and customers who believe in our vision.”
"Deel HR makes it possible for the first time to hire, manage, and pay global teams compliantly on one single interface,” Karaka said. “No HR platform handled everything for everyone anywhere until now.”
With the modern workforce spread remotely and far-flung over multiple countries Karaka notes many organisations are creating data silos with inconsistencies in their processes and applications in the regions they operate. In fact, some HR teams work with up to 16 different apps to manage their global workforce. Instead, Deel streamlines everything on one stack.
And, in fact, Deel HR is free for companies with under 200 employees. If your business uses multiple products or does not have an HRIS then you have a lot to gain by exploring Deel HR.
Deel HR is the world's first truly global HR platform. This is particularly significant in our region, with Deel’s H2 Global Hiring Report identifying that Australia is the APAC country with the most organisations hiring overseas remote workers.
Deel also announced Deel Engage, a set of HR-based Slack and Microsoft Teams plugins connected to Deel HR. These plugins aid distributed teams in building a stronger culture, increasing their team collaboration, managing time off requests, performing one-on-ones, processing candidate referrals, formalising connections, and more.
Ultimately, the message from Deel is clear: whether you want to hire worldwide without opening legal entities, streamline HR for your global team, or consolidate payroll across countries, Deel does it all for you.
Deel is presenting a product vision webinar this week to explain the new modules. The event is not within the ANZ timezone, on 26 January at 11 am ET, but if you register for the event you will be sent a link to the recording to watch at your leisure.