Onboarding a Contractor
Onboarding contractors or freelancers on Multiplier is effortless. In a few simple steps, you can onboard contractors worldwide through the Multiplier platform.
To onboard contractors on the platform, follow the below steps:
Step 1: Click on the “Hire and Onboard” section on the sidebar
Step 2: Click on “Onboard a contractor”
Step 3:
3.1. Enter basic details such as Name, Gender, Email ID, Tax Residency, Job Title, Contract Duration, and Job description/Scope of work.
3.2. Once all the details have been filled, click on “Continue” in the bottom right corner.
Step 4: Choose the Compensation type
There are 2 compensation types with which contractors can be onboarded: Time-based & Milestone-based(coming soon).
For time-based contractors:
4.1. Enter the billing rate of the contractor. This will be the amount the contractor charges for their services for a specific duration. There are 4 billing rate options available - Hourly, Daily, Semi-Monthly, Monthly
4.2. Select the payout frequency. This is the frequency at which the contractor will be paid for their services. There are two options available for payout frequency:
Semi-monthly
Monthly
4.3. Select the payout date. Payment to the contractor will be initiated on this date (Payment initiation on this date is subject to invoice clearance by the employer).
Step 5: Select the insurance plan for the contractor and include dependents, if required.
Note - This step is optional.
Step 6: In this step, you can generate/upload a contract. You can either use:
6.1. Multiplier’s contract, or
6.2. Upload your own contract
Note: In case you are uploading your own contract, ensure that the contract is duly signed by you and the contractor.
Step 7: Review and Send Contract
After you send the contract, the contractor will receive an email with the instructions to signup on the Multiplier platform
