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Detroit cannot say it is serious about poverty reduction while paying its own employees poverty wages. So we're changing that — starting with our own payroll. Mayor Mary Sheffield stood with city employees and union representatives to announce that every full-time City of Detroit employee will earn a minimum...

15,002 görüntüleme • 6 ay önce •via X (Twitter)

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Introducing: AnyTime Pay 💸 "Payroll is on the 30th - but give me what I've earned till today." This changes everything for 500M+ employees living paycheck-to-paycheck. Deel is at $1B+ ARR serving only 1.5M employees. AnyTime Pay is how we completely change the payroll industry and 10x our scale. Imagine this: you're a retail employee at a Deel-powered company. You take your earned pay on the 10th for rent, again on the 20th for groceries, and again on the 30th. Once you experience that freedom, waiting 30 days to get paid anywhere else will feel ancient. 73% of employees say a one-week delay in their paycheck would cause major stress. That's because life is built around payday. So why hasn't anyone done this before? Because employers need to remit the correct taxes for each employee and mid-month payments would require instant tax calculations - which has been impossible. Here's how it works today: Companies send employee data to local payroll providers who manually calculate taxes based on hundreds of constantly changing laws (brackets, job type, country, gender, etc.). The provider calculates everything and sends it back. This entire process takes 10+ days. The bottleneck is that employers have to wait 10 days to know how much tax to remit for each employee, making mid-month payments impossible. It's such a huge problem that there's a $1T loan industry to help people cope with 30-day pay cycles. 40% interest credit cards, BNPL, payday loans - they exist because people can't access their own earned money. Deel is changing that. We're building global payroll infrastructure across 160 countries - our own rails that calculate taxes in real time. Gross-to-net happens instantly, taxes are computed in seconds, and employees can access their earned pay - anytime. This might sound boring. But to 500M+ employees living paycheck-to-paycheck, this is life-changing.

Alex Bouaziz

233,659 görüntüleme • 10 ay önce