How Deel AI Streamlines Corporate Compliance for Global Growth
Discover how Deel AI simplifies global HR and compliance for companies expanding internationally.
AI’s digital, adaptable, and scalable qualities make it a tool that can easily transcend international borders. As an entrepreneur or business leader, this presents exciting opportunities for global expansion and new market entry.
However, global expansion is complex due to the compliance challenges accompanying international hiring and global workforce management. These challenges often hinder the growth and success of your company. Not surprisingly, AI presents a solution.
Deel, a global HR, payroll, and compliance platform, has built the world’s most comprehensive AI-driven HR and compliance platform to help companies of all shapes and sizes expand their operations worldwide and streamline their compliance processes, ensuring they remain compliant with local and international laws and regulations.
This article delves into each of the Deel AI features.
Strategic global hiring with Deel’s AI Assistant
When sourcing international talent, many factors determine who to hire, where to look, and how much to pay. For instance, you may need to estimate employer costs to ensure they align with your budget, create attractive job offers for candidates in places without salary benchmarks, or understand sick leave allowances in different countries.
Fortunately, Deel’s AI Assistant provides all the answers you need, making hiring international talent simple, efficient, and stress-free. Using OpenAI’s ChatGPT software, the AI Assistant draws insights from Deel’s vast global hiring knowledge base, providing accurate answers to your global hiring queries so you don’t need to sift through various websites, platforms, or documents to find the needed information.
The knowledge base is assembled and maintained by HR professionals and lawyers who sit within Deel’s 100+ entities around the world and analyze the latest global hiring data to ensure compliance in all jurisdictions.
You can also ask Deel AI to analyze your workforce data. For example, you may want to know how many contractors you have in France and your total employment costs in Germany, or you may wish to verify an employee’s visa status. Deel AI will collect, store, and retrieve this information when you ask.
See also: How Deel Uses Deel: The Story Behind Deel AI
Accurate classification of new hires with Deel’s Worker Classifier
Expanding your business into new markets and tapping into different talent pools can be an exciting prospect. However, it can also pose complex challenges when it comes to properly classifying workers. The criteria for worker classification vary from country to country, and interpreting the ever-evolving case law can be a daunting task.
Traditionally, companies have had to navigate country-specific guidelines and classification tests set by governmental bodies to categorize workers in accordance with employment laws. But now, global companies can turn to Deel’s cutting-edge AI-powered Worker Classifier to assess the classification of their workers around the world.
Developed in collaboration with Queen’s University, this innovative tool sets itself apart from other basic tools by utilizing award-winning research on localized employment count cases and classification tests. The result is an impressive worker classification accuracy rate of over 90%, making it a reliable and efficient solution for businesses of all sizes.
See also: Mastering Global Employment Status: A Guide to Worker Classification
Global workforce compliance with Deel’s Workforce Insights reports
Navigating compliance regulations in different countries can be a complex task for businesses. Each country has its own set of rules and laws that can impact your business operations, workforce compliance, and organizational structure.
For instance, in Argentina, if a foreign company has more than 50 employees working there for over 183 days in a taxable year, it triggers permanent establishment (PE) status. Similarly, in Brazil, if a contractor works for a company on a fixed-term contract for more than two years, they must be reclassified as an employee.
To ensure compliance with local regulations, businesses would need to build out their compliance function to conduct frequent internal audits and risk assessments to identify and address potential risks. However, these processes can be time-consuming and challenging, especially for small and medium-sized businesses.
This is where Deel’s AI-powered Workforce Insights reports come in handy. The software analyzes worker data and the latest compliance developments to generate a tailor-made compliance report that is accessible via the platform or delivered to your inbox. You can customize the report to address the specific concerns of your business, alerting you to misclassification risks, expiring visas, and non-compliance with employment laws such as minimum wages, benefits, and more.
See also: How EORs Protect Companies From Permanent Establishment Risk
Global regulatory compliance with Deel’s Compliance Monitor
Staying compliant with global regulations is a complex and time-consuming task for international organizations. In fact, in 2022 alone, a staggering 61,228 regulatory events took place across 190 countries. This translates to a daily average of 234 alerts, highlighting the need for companies to stay up-to-date with regulatory changes happening around the world.
Deel’s AI-powered Compliance Monitor is designed to track and provide updates on employment laws in over 150 countries, including changes to wages, pensions, private insurance, leave policies, and tax obligations. With simple and concise summaries of the legal language, Deel helps you manage risks and saves hundreds of hours that would have been spent on compliance tracking by your HR or compliance department.
By utilizing Deel’s Compliance Monitor, you can rest assured that your organization stays compliant with the latest regulations without needing a dedicated compliance team or countless hours of research and tracking.
See also: The Key to Continuous Company Compliance in Today’s Global Landscape
Timely payments with Deel’s payslip and reimbursement approvals
Managing payslip approvals and expense reimbursements for a global workforce can be a challenging and time-consuming task. Every country has its own laws and regulations on what should be included in payslips, expense receipts, and delivery methods. Failure to comply with these regulations can lead to delays and inaccuracies in the payroll process.
Moreover, verifying expense receipts to ensure they meet tax-deductible requirements and adhere to the specific formatting and content requirements poses similar challenges.
Deel’s AI-powered payslip approval and expense verification system can help streamline this process. It checks payslips and expense receipts against country-specific regulations in more than 130 countries, automatically validating them to ensure timely and accurate payments and reimbursements.
In the future, Deel plans to expand its AI verification capabilities to cover compliance documentation and other types of approvals, making it an even more valuable tool for businesses worldwide.
See also: 9 HR Processes to Automate Today [How to Do It With Deel]
Secure financial activities with Deel’s Fincrime Detector
Expanding your business operations globally exposes you to a greater risk of financial crime, commonly known as “fincrime.” This type of criminal activity includes fraud, money laundering, and other illegal financial activities that can pose a significant threat to the success and reputation of your business.
To safeguard your business and maintain a strong and trusted presence in the global marketplace, taking appropriate measures to prevent, detect, and respond to financial crime is crucial. However, this requires full-time surveillance and a deep understanding of the laws and regulations in different countries.
To address these challenges, Deel has developed a fraud detector that uses AI-powered risk-scoring signals to identify fraudulent activities, such as suspicious behavior and duplicate profiles. Additionally, it proactively monitors any negative media coverage related to your business, allowing you to handle it strategically and mitigate any potential damage.
See also: How to Navigate Data Protection and Privacy Across Borders
Streamline global HR and compliance with Deel AI
Work’s gone global, but figuring out how to hire and manage an international team is complex. And until now, no HR platform has handled everything, for everyone, anywhere. Most teams use up to 16 tools to make global team management work.
Deel's the future of global HR and compliance, but it’s a platform you can use today. It works for you and your team wherever they are, whatever their employment status. It’s built-in contracts, visas, background checks, payroll, equipment, benefits, equity, salary insights, and more, made to help businesses of all sizes compliantly hire, manage, and pay anyone worry-free.
Whether you want to hire worldwide without opening legal entities, streamline HR for your global team, or consolidate payroll for everyone, Deel does it all. Plus, local legal experts teamed with the latest advancements in AI and automation help you stay on top of labor laws everywhere and remain compliant.
Deel’s the only global-first HR platform built to scale with your business, no matter your stage of growth.
Sounds like the solution you’re looking for? Book a demo today to start your global expansion journey.