Deel, the global payroll and HR platform is all set to create a smooth workflow—from performance cycles, to compensation planning to payroll—through its acquisition of Assemble, a compensation management and insights company.
The year 2024 saw Deel fully integrating three key acquisitions —Global Payroll (Payspace), Deel Engage (Zavvy), and Deel IT (Hofy)—to enhance its native global payroll service, help companies train and retain top talent as well as manage the delivery of tens of thousands of devices to people across 125 countries. Assemble is Deel’s fourth acquisition this year.
This acquisition is part of Deel’s endeavour to radically simplify global work. With Assemble becoming part of the Deel ecosystem, the latter’s performance management, payroll and AI technology will become an all-in-one solution for global workforce management.
Compensation management for global teams has always been a complex challenge, involving diverse market rates, compliance requirements and growing expectations for fairness and transparency. It has come to be an important element of any talent-attraction and retention strategy.
“Together, Deel and Assemble eliminate the need for disconnected tools and spreadsheets, making workforce management simpler, smarter and more seamless than ever before. We’re thrilled to partner with the passionate co-founders of Assemble, who have dedicated over four and a half years to building their vision, as we collaborate to rebuild their product within Deel and drive it forward with shared excitement and care,” said Alex Bouaziz, co-founder and CEO, Deel.
Lisa Wallace, co-founder and co-CEO, Assemble, said, “As pay transparency continues to be a hot topic, we’re looking forward to building out how compensation strategy can partner with the rest of the HR suite to drive change for businesses and employees alike.”
