The global workforce is changing rapidly as companies increasingly rely on freelancers and contractors. Multiplier has responded to these shifts by introducing its Contractor of Record (COR) offering, designed to help businesses hire and manage international contractors with unprecedented ease and compliance.
Multiplier Contractor of Record Simplifies Global Hiring
Hiring talent worldwide can be daunting, but Multiplier’s COR solution makes it straightforward. Businesses can now create legally compliant contracts and onboard contractors in just minutes. With country-specific workflows and support for onboarding in over 150 countries, the platform removes complexity from the global hiring process. This enables companies to scale quickly and access a worldwide talent pool without delays or legal roadblocks.
Ensuring Compliance and Risk Management Worldwide
One significant challenge in managing a global workforce is complying with varied local regulations. Multiplier addresses this by combining real-time compliance updates, country-specific legal workflows, and built-in audit trails. This proactive approach helps reduce legal exposure from misclassification risks. Additionally, Multiplier offers indemnification, which protects companies from costly misclassification disputes. Local specialists guide businesses through regional rules, ensuring every contractor engagement meets all requirements.
Streamlined Payments and Support for International Contractors
Managing payments across borders is often complex, but Multiplier’s platform consolidates invoices, payments, and timesheets into a single interface. With the ability to pay in over 120 currencies, including local bank transfers and even cryptocurrency, companies can easily compensate their global talent. This efficient payment process supports efforts to build sustainable and attractive contractor programs worldwide, helping businesses stay competitive in today’s dynamic labor market.
In summary, Multiplier’s Contractor of Record solution empowers businesses to manage and pay global contractors while reducing compliance risks. By offering seamless onboarding, continuous compliance, and streamlined payments, Multiplier positions itself as a leader in today’s evolving freelance economy. Companies looking to scale internationally can now do so with greater confidence and control.
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