Multiplier Launches Contractor of Record (COR) to Manage Contingent Workforce Risks

New offering helps businesses to hire globally with confidence, onboard contractors in minutes, and maintain proactive compliance across more than 150 countries 

NEW YORK, June 10, 2025 /PRNewswire/ -- As independent work reshapes the global labor market, with 64 million freelancers in the U.S. alone and a freelance economy exceeding $1.3 trillion, companies face rising risks around worker classification and international compliance.  Multiplier, a leading global employment platform, addresses these challenges and sets a new industry standard with its Contractor of Record (COR) solution, combining seamless contractor management, proactive compliance, and one of the fastest onboarding experiences available across 150 countries.

Multiplier's COR offering allows businesses to create legally compliant contracts and offers country-specific workflows for contractors. Real-time compliance updates and built-in audit trails help reduce legal exposure, while indemnification protects companies against the costly risks of worker misclassification.

With support for payments in over 120 currencies and preferred local methods, including bank transfers and crypto, Multiplier also simplifies how companies pay global contractors by consolidating invoices, payments, and timesheets, all in one platform.

"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."

Local specialists ensure all contractor engagements meet regional requirements and help businesses build sustainable contractor programs across diverse markets.

In addition to its COR capabilities, Multiplier's Employer of Record (EOR) solution enables businesses to employ global talent without the need for setting up local legal entities, covering everything from payroll and taxes to benefits and labor law compliance. Together, these solutions support a full spectrum of global workforce needs, whether for project-based contractors or long-term employees.

With nearly $1 billion in cross-border payments processed, Multiplier continues to help businesses scale global teams effortlessly, without compromising on compliance or control.

You can find the press kit here.

About Multiplier

Multiplier is a global employment platform for HR leaders and professionals who need an easy, fast, and cost-effective way to onboard, hire, manage and pay the best global talent across 150+ countries. Through its best-in-class EOR, COR, Global Payroll, and compliance technology, plus person-to-person support and hyper-local employee benefits, Multiplier empowers its customers to hire the best global talent and build a world of limitless opportunity.

SOURCE Multiplier