Since its Series B raise last March, the company has allocated over 75% of its recent $70 million investment into the region, fueling its growth trajectory.
In today's dynamic employment landscape, companies in the United States and Canada are increasingly seeking ways to tap into global talent pools to overcome challenges like talent shortage. Multiplier is well-positioned to assist businesses with its innovative global employment platform, enabling them to employ talent in a matter of minutes rather than months.
A recent study by Korn Ferry highlights the looming talent deficit of 6 million workers in the United States, which poses significant challenges for businesses across various industries, especially in technology, manufacturing, and healthcare. Similarly, Canada is grappling with a talent deficit in technology, healthcare, and skilled trades, losing 6% of its workforce to the United States annually.
By partnering with Multiplier, businesses gain access to top talent from over 150 countries while simultaneously reducing hiring costs and risks. Multiplier simplifies the employment process by handling all complex legal and regulatory requirements, allowing businesses to focus on their core operations. As the leading and preferred Employer of Record provider for scaling businesses and established enterprises seeking to hire in new markets, Multiplier empowers the US and Canada to tap into talent from around the world.
With a dedicated team of 50 local staff already in place, Multiplier plans to increase its North American headcount by 30% by the end of 2023, further solidifying its commitment to the region.
Governments and organizations worldwide recognize the importance of talent strategy, and Multiplier's cutting-edge platform provides a comprehensive suite of tools to help businesses overcome talent shortages and drive growth. Leveraging Multiplier's intuitive software platform, organizations can seamlessly manage their distributed workforces, ensuring collaboration and productivity across geographical boundaries.
"Multiplier acts as an economic catalyst, connecting businesses with diverse talent and facilitating growth," stated Sagar Khatri, co-founder and CEO of Multiplier. "Our platform provides the tools and support to overcome talent shortages, empowering organizations to thrive. With Multiplier, businesses can access a global workforce, foster innovation, and drive economic growth."
The benefits of working with an Employer of Record are evident, and Multiplier is at the forefront of this transformative movement.
For media inquiries, please contact:
Julia Chevalier
Global PR Manager - Multiplier
julia.chevalier@usemultiplier.com
