As freelance work transforms the global employment landscape—with over 64 million freelancers in the U.S. and a market surpassing $1.3 trillion—businesses are grappling with increasing challenges around international compliance and worker classification. Addressing this growing complexity, Multiplier, a global employment platform, has launched its Contractor of Record (COR) solution to provide a faster, more secure way for companies to manage contingent workers across more than 150 countries.
The COR platform is designed to simplify and de-risk global contractor engagement. It enables organizations to draft regionally compliant contracts, apply localized workflows, and receive real-time updates on regulatory changes. Built-in audit trails and indemnification further help safeguard against misclassification risks and associated legal costs.
“Staying compliant is no longer a one-time exercise; it’s a continuous process that varies by region,” said Sagar Khatri, CEO of Multiplier. “In the U.S., businesses face the IRS 20-factor test. In Korea, ten separate factors determine classification. Multiplier’s seamless COR solution is built to navigate this complexity proactively and at scale.”
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Multiplier’s COR also streamlines global payments, supporting over 120 currencies and offering local options such as bank transfers and crypto. All invoices, payments, and timesheets are consolidated in a single platform, enhancing efficiency for finance teams.
Complementing this offering is Multiplier’s Employer of Record (EOR) service, which allows companies to hire full-time employees in new markets without establishing local entities—handling payroll, taxes, benefits, and compliance end-to-end.
With nearly $1 billion in cross-border payments processed to date, Multiplier is positioning itself as a comprehensive solution for businesses scaling international teams, whether through long-term employment or short-term contracting, without sacrificing compliance or operational control.
