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How to Pay Remote Workers Anywhere in the World: Global Payroll Solution

How to Pay Remote Workers Anywhere in the World: Global Payroll Solution

Ventes Signs with Deel!

 

By: Rafael Reyes

 

Before hiring south of the border there’s a lot to learn. One of the things you must be knowledgeable about is how you will pay your remote workers and the logistics of doing so. In this blog, I aim to inform you of the recourse you have when hiring and paying workers across the border as well as give you a great option for a payroll and compliance provider and its benefits for you and your remote staff.

 

 

HOW TO PAY?

 

 

You can set up a legal entity in the country you are looking to hire from. This would be the preferred option if you were looking to hire dozens of people instead of just a few or several.

Doing this can establish a long-term presence in that country but is costly and time-consuming, which is why most use alternative methods that don’t require as much commitment. 

 

One of those other methods is partnering with an Employer of Record. An EoR simplifies benefits, payroll, and even onboarding making expanding easier for businesses.  If you want to learn more read: How to hire in Mexico: Independent Contractor, Employee, EOR by Ruben Murillo and you can also find out the difference between Independent Contractors and Employees.

 

You can hire an Independent contractor without relying on an EoR but like setting up a legal entity you must know of the local labor laws so you can avoid misclassifying your worker and getting charged any fees or penalties. 

 

The great part is you can directly pay an independent contractor from your business account in the U.S., you can use a payment method including fintech services, or common payment platforms like PayPal. Although, each has its benefits and detriments, for example, some methods may be harder to pay on time and others might charge the contractor a commission fee, which isn’t ideal.

 

Perhaps you have thought about outsourcing or direct hiring and you are not sure what is best. Both have their respective pros and cons, for example, with an outsourcing agency you are covered with compliance issues but have little management of your worker, unlike a direct hire. Read Direct Hire VS Outsourcing By Josh Garcia to learn more and decide what is most beneficial for your company.

 

 

THE BENEFITS OF DEEL

 

How to Pay Remote Workers Anywhere in the World: Global Payroll Solution

 

If you are looking to hire an independent contractor directly we highly suggest you use a payment compliance platform. We fully recommend Deel which is a privately-held payroll and compliance provider based in San Francisco, California. The company provides hiring and payments services for companies hiring international employees and contractors

 

Deel believes talent should not be limited by borders which is why they simplify and allow pay-in and pay-out across the world with full compliance and fast delivery. This payment platform assures compliance with local labor laws as they work with 50+ legal firms around the world. They also provide up-to-date contracts and several layers of compliance features to mitigate misclassification risk. Other nice features include automated invoices, collecting tax forms ( W8-BENs & W9s ), filing 1099s directly to the IRS, and one-click mass payment.

 

If you are interested in learning more and getting started with Deel click the link!

 

I get paid on Deel and I love that my money is always on time and with the auto-withdrawal feature it automatically transfers to my bank account. It’s very easy to navigate, I can check out my contract details and my payments can be segmented into Base pay, Bonuses, etc. which is neat.

 

CONCLUSION

 

 

I hope this information proves useful in helping you decide what is the appropriate route for your company and if you believe hiring an independent contractor is the best option for you, perhaps you will consider clicking the link above and learning more about The payment and compliance platform, Deel.

 

 

This blog was written by the staff at Ventes Mexico LLC Ventes Mexico is a top-rated outsource recruitment firm located in Puerto Vallarta, Mexico.  Founded by an American, with 16 years of living in Mexico, Ventes Mexico operates in the USA and Mexico.  The company specialized in remote staffing and headhunting.  Each of its employees is 100% bilingual (English/Spanish).

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