Fintech Deel has reportedly made updates to off-cycle payments, bulk terminations, and employee entity transfers.
Deel’s Global Payroll is expanding and improving upon its features “to deliver a seamless experience.” The firm says it wants you “to have everything you need to manage and pay your international workforce on one platform.”
Flexible off-cycle payments
It’s necessary to have off-cycle payment functionality “for those times when you need to pay an employee outside of your regular payroll schedule.” That might be because of “a correction, a bonus payment, or some other special circumstance.”
Before, when you wanted to make “an off-cycle payment with Deel’s Global Payroll, you had to reach out to customer support to process it.” Now, with their latest update, you’re able “to make all of your off-cycle payments right on your dashboard; no extra step is needed.”
New bulk terminations tool
Terminating multiple employees requires time-consuming changes “on your Global Payroll platform; if these changes aren’t implemented, you risk having compliance issues.”
Deel’s new bulk termination tool “lets you remove the manual work from the off-boarding process, collecting key information at once and ensuring compliance across different entities or countries.”
Hassle-free employee entity transfer
Relocating employees to different countries comes “with a lot of legwork.” There are various pieces of documentation and information “that need to be transferred to ensure everything goes smoothly and is done compliantly.”
With their latest employee entity transfer update, “all of the manual work is done for you.”
You’re able to swiftly “move direct employees from one entity to another, carrying over all their necessary information (e.g., compliance documents, personal information, contracts, etc.).”
Transfers will be “reflected immediately, ensuring any important payroll updates are captured and incorporated for the next pay cycle.”
As noted in the update, Deel claims it has the “best” Global Payroll solution on the market with in-house expertise—unlike their competitors, they say that they “don’t work with third parties.”
You may tap into their global coverage, work from one hub, and “manage your entire international workforce with HR, taxes, benefits, and more.”