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payroll"}],"components":[{"id":57,"__component":"content.takeaways","headline":"Key takeaways","content":"

Some businesses have reported that the time taken for the payroll process totaled 21 days over the year.
To speed up the payroll process, companies should use automated payroll processes and consider outsourcing their payroll to a global provider, like Deel.
With Deel, you can mass pay your teams with just one click, and manage payments for direct employees, EOR employees, and independent contractors all in one platform.

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An HR manager or a CEO must be able to quickly manage localized contracts for all types of population, regardless of their status. If a company wants to develop its activity in another country, it must be able to access the local contract in a few clicks, respecting the regulations in force and be able to pay for services in the local currency.

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Paper checks take 2-5 days

Paying with a paper check involves handwriting the check and mailing (or hand delivering) the check to the employee. The employee then needs to deposit the check at the bank before the funds appear in their account.

On average, checks take two days to days to clear. If you pay employees with a physical, handwritten check, you need to give yourself at least five days’ lead time to ensure your employee receives the funds on time. Depending on the local mail service’s speed, you may need to add a few days to the turnaround time for the employee’s ultimate payday.

Paper checks are useful if an employee doesn’t have a bank account and can’t provide account information. Checks also provide a paper trail and places pay stubs directly in the employee’s hands. However, hand delivery and mailing the checks can take time and there’s the risk that they will get lost.

"},{"id":68,"__component":"content.quote","quote":"

“The thing I love most about Deel is the multiple options to withdraw your funds. It makes it really simple to have your money—providing multiple withdrawal methods including crypto. Also, the withdrawals are seamless, and payments are on time.”

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Deel clients can easily link new payment methods to their accounts, such as ACH, SEPA, BACS, PAD, Brex, credit card, and debit card payments. You can also pay with a manual transfer from your bank, Wise, or Mercury account, or send a cryptocurrency transfer through Coinbase.

During the payment workflow, you can choose your preferred payment method from the list and see where individual methods are available around the world, and review provider fees.

","background_color":"yellow","cta":[]},{"id":278,"__component":"content.rich-text","content":"$1e"},{"id":106,"__component":"content.inline-textbox","headline":"How Yodo1 expedites worker payments using Deel","description":"

Yodo1 manages payments for one-third of its people—spread across 30+ countries—using Deel. Before Deel, each payment for these workers was handled manually one by one.

Since launching with Deel, they’ve easily saved more than 100 work hours by streamlining repetitive or redundant tasks for their HR and Finance teams, and enabled their team members to get paid quickly.

“I hear all the time from our people that Deel is hands-down the fastest way they've ever been paid when working remotely. One of the comments I hear most often is how easy it is to receive and withdraw funds in so many currencies.” — Flo Alcasas, Head of People and Remote, Yodo1

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Owen Yin is a content communicator specializing in decoding complex topics into an insightful language anyone can understand. Owen covers compliance, tax, and payroll topics, offering readers verifiable research that eliminates confusion and enables action. Owen’s work has been cited in Forbes, The Verge, CNN, Mashable, The Washington Post, and others.

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