Deel vs Oyster

Deel and Oyster are both platforms designed to facilitate global employment, offering solutions for hiring, payroll, compliance and benefits management for remote teams around the world. Despite their similar overarching goals, there are differences in their approaches, features, and ideal user bases that might lead a business to choose one over the other.

Deel Features

Focus on Flexibility and Payments:

Deel places a strong emphasis on the flexibility of hiring and paying global teams, catering to both contractors and full-time employees. It provides a robust payment system that supports multiple currencies and payment methods, making it highly efficient for businesses with a diverse international workforce.

Expansive Coverage:

Deel offers services in over 150 countries, with a wide range of customizable contract templates that comply with local laws, which is particularly useful for businesses looking to engage a global freelance or contract-based workforce.

Advanced Expense Management:

Deel includes advanced features for expense management, allowing employees to submit expenses directly through the platform for approval and reimbursement, streamlining the expense reporting process.

Pricing:

Deel offers a free basic HR admin plan. EOR employees start at $599/month and contractors start at $49/month. You can also get custom quotes for running global payroll and immigration support.

Oyster Features

Comprehensive HR Services:

Oyster provides a more holistic HR service, focusing not just on payroll and compliance, but also on creating a better employee experience with features like local benefits provision, which can be more appealing to businesses looking to hire full-time international employees.

Localized Benefits:

Oyster places a significant emphasis on providing localized benefits to full-time employees, which can help businesses attract top talent by offering competitive packages that are tailored to each employee’s location.

Education and Resources:

Oyster offers a wealth of educational resources and hands-on support to help businesses navigate the complexities of global employment, which can be particularly beneficial for companies new to international hiring.

Pricing:

Oyster has a very transparent pricing structure. Contractors are $29/month and employees are $499/month. You can get customized pricing if you’re hiring over 5 full-time workers.

Comparison Table

Choosing Deel over Oyster

A business might prefer Deel over Oyster if it:

• Has a significant number of international contractors in addition to or instead of full-time employees.
• Requires a sophisticated, flexible payment system to handle multi-currency transactions.
• Values a platform with strong expense management features integrated into payroll and compliance processes.

Choosing Oyster over Deel

Conversely, a business might choose Oyster over Deel if it:

• Is focused more on hiring full-time international employees rather than contractors.
• Prioritizes providing comprehensive, localized benefits to attract and retain talent in different countries.
• Values extensive educational resources and support to navigate international employment laws and practices.

Ultimately, the decision between Deel and Oyster will depend on the specific needs of the business, including the type of team members they’re looking to hire (contractors vs. full-time employees), the importance of a sophisticated payment system, and the value placed on employee benefits and educational resources.

Products Mentioned in this Article