Deel vs Oyster HR: Learn More
Deel and Oyster HR are two well-known global HR platforms that offer payroll management, international contractor management, and Employer of Record (EOR) services.
While these two platforms may seem very similar at first glance, but when you dive deeper you will be able to find out the key differences between them.
In this article, we’ll closely compare Deel vs Oyster HR which will help you come to the conclusion of which one is the right choice for your organization’s needs. Before we compare them, let’s first understand what they are and what they actually do.
What Is Deel?
Deel is an all-in-one HR solution that is developed to simplify and streamline global workforce management.
This includes managing culture, onboarding, local payroll, and compliance. Furthermore, Deel HR Solutions offers a range of HR tools, mobility services, payroll solutions, and compliance expertise that helps businesses of different sizes to quickly expand their global presence.
What Is Oyster HR?
Oyster HR is another cloud-based HR management platform that offers a comprehensive solution for payroll management, benefits, time and attendance, and various HR functions. It is developed to meet the unique requirements of businesses of all sizes.
Furthermore, this HR platform provides an intuitive interface that ensures a seamless experience for both HR teams and employees.
Deel Vs Oyster HR: Comparison Based On Different Parameters
Below we have thoroughly differentiated Deel and Oyster HR based on different parameters. This analysis will help determine which HR tool will be more apt for your business’s needs:
| Parameters | Deel | Oyster HR |
| Global Payroll & HR | Deel provides payroll solutions and hires local payroll experts for 100-plus countries to assist customers at the time of tax and compliance issues. Further, it offers different HR features such as a people database, benefits administration, onboarding and offboarding tools, employee engagement surveys, and HR reporting and analytics. However, Deel does not offer certain HR features like local time tracking or recruiting software. | Apart from handling payroll in 120 plus currencies, Oyster provides you with estimated costs for hiring employees. Also, it makes onboarding smoother and consult with a team of legal experts for compliance. Furthermore, Oyster HR offers some HR tools like managing time off and benefits but it does not provide as many HR tools as Deel. |
| EOR Services | Deel basically owns all of its own entities, which means you’ll have a seamless experience no matter what country you plan to hire in. It further provides localized benefits for each country. Also, with Deel app you can easily sign and make changes in contracts right, making document management simpler. | After you find your new hire, Oyster HR will provide pre-created local benefit packages for that specific location. This makes hiring quicker, and new employees can get started easily. But remember, Oyster HR does not own all the local entities, so the process may not be super smooth in every country. |
| Contractor Payments | Deel’s advanced feature enables contractors to receive their payments up to 30 days earlier. Also, the upgraded Deel Shield and Deel Premium plans provide extra safeguards against misclassification for employers. | Oyster HR provides you with a self-serve platform that helps your team seamlessly hire a new contractor in just four simple steps. Apart from that, for the U.S.-based contractors, it automatically generates 1099 and W9 tax forms. |
| Pricing Structure | Deel offers 3 pricing models, which include: – Hire contractors in 150 countries starting at $49 per contractor/per month – Hire full-time employees starting at $599 per employee/per month – Manage everyone in one place which is free for 200 workers | Oyster HR provides 3 pricing plans, which include: – Contractor plan starting at $29 per contractor/ per month – Employee plan starting at $599 per employee/ per month – For Scale plan pricing details you can contact the Oyster HR support team |
| Free Trials | Free trial available | Free trial available |
Which One Is More Ideal Deel Or Oyster HR?
Deel and Oyster HR do share similar features when it comes to managing international contractors, global payroll, and EOR services. But, they operate in different ways, so it’s crucial to consider exactly what functionalities you are looking for and how much is your budget.
For instance, Deel stands out because it offers a free HR plan to organizations with 200 employees. This makes it a perfect platform for businesses with fewer employees and limited budgets. Whereas, Oyster has its own set of benefits like its contractor plan is much cheaper as compared to Deel.
But just don’t stick to pricing factors only, you need to thoroughly evaluate other factors as well, like HR tool needs, business size, global connection, and more.
However, before making your final decision, do book a free demo to explore the features beforehand. This will help ensure that the platform you opt for aligns with your organization’s existing system.
