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Deel's HRIS is much more narrow in scope than Hibob's, which offers performance, engagement and comp functionality not seen in Deel's platform, but the competition is intensifying.
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Deel, one of the leading providers of global employment solutions, launched a suite of tools that will move them towards becoming a full-stack HRIS vendor.
Currently, companies that are building a global tech stack need a variety of solutions. So far, there hasn't been a single vendor that can provide the full suite of employment solutions (employer of record, global payroll, contractor management) and the full suite of HR solutions (leave management, employee files, performance reviews, etc).
Just because no one has completed the transition yet, doesn't mean that many aren't trying. Rippling announced that they were moving from the HRIS space towards the global employment space at the end of 2022. Ceridian is adding regions to their global payroll & global HR offering each year. And Velocity Global is reportedly working on a global HRIS of their own.
With this context, it made sense for Deel to jump into the arms race. Deel has announced the following additions to their suite:
One of the companies that will feel this heat the most is Hibob, who had carved out a nice niche as the leading tech-friendly global HRIS system. Deel's HRIS is much more narrow in scope than Hibob's, which offers performance, engagement and comp functionality not seen in Deel's platform, but the competition is intensifying.
Additionally, Rippling will feel more direct competition from Deel, as well. Rippling has much more depth and experience when it comes to US payroll & benefits, but Deel has the experience and infrastructure advantage when it comes to global employment.
All in all, this is an optimistic sign for buyers. Building a global HR tech stack is incredibly challenging today and having leading vendors move towards an all-in-one model, will simplify the decision for some.
Deel HRIS is an advanced solution designed to streamline global HR management tasks such as compliance, payroll processing, and talent management for businesses with international workforces. It revolutionizes global HR management by offering comprehensive features tailored to meet the unique needs of managing employees across different countries, ensuring compliance with local regulations, and simplifying complex processes.
Deel HRIS offers global compliance and payroll management capabilities tailored to over 90 countries, ensuring that businesses can navigate international regulations seamlessly. Additionally, it provides services such as global background checks, immigration support, global perks, and global equity management. Its recent enhancements include a lightweight HRIS supporting onboarding, organizational charts, workflows, benefits administration, and US payroll and PEO services.
Deel HRIS simplifies compliance management by offering a comprehensive global compliance framework tailored to the specific requirements of over 90 countries. It ensures that HR processes align with local labor laws and regulations, minimizing the risk of legal issues. Additionally, Deel's payroll management functionality operates in over half of the world's countries, simplifying payroll processing and ensuring accurate and timely payments for employees worldwide.
Yes, Deel HRIS can handle compliance requirements for over 90 countries. Its comprehensive global compliance framework ensures that businesses can navigate local labor laws and regulations seamlessly, regardless of where their employees are based.
In addition to compliance and payroll management, Deel HRIS offers services such as global background checks, immigration support, global perks, and global equity management. It collaborates with over 150 accounting and legal firms globally to provide in-country advisory services, ensuring businesses have access to expert guidance when needed.
