Deel Acquires Assemble to Transform Global Compensation Management

• 23 Dec 2024
• TM Team
• 0 Comments

Deel, the all-in-one payroll and HR platform for global teams, announces the acquisition of Assemble, a compensation management and insights company. This strategic acquisition marks a major step forward in Deel’s mission to radically simplify global work. By bringing Assemble into the Deel ecosystem, we’ll combine Deel’s performance management, payroll and AI tech to create an all-in-one solution for global workforce management.

Compensation management for global teams has long been a complex challenge, involving diverse market rates, compliance requirements, and growing expectations for fairness and transparency. It has become an increasingly important element of any talent attraction and retention strategy. Assemble has redefined this space with its innovative approach to compensation management:

• Easy self-serve platform: Assemble enables companies to create structured compensation plans, manage pay and equity bands, ensure pay transparency, and derive data-driven insights to retain talent in one self-serve platform.
• Integration & insights: The platform integrates effortlessly with leading HRIS solutions, Applicant Tracking Systems (ATS) and cap table tools like Carta to bring insights together. It also pulls from aggregated and anonymized market data, providing industry insights to ensure a company’s comp strategy is in line with its peers.  
• Customer-centric 360 experience: Assemble’s platform offers tailored dashboards for C-suite executives, HR leaders, team managers, employees, and prospective candidates. These dashboards provide a clear overview of compensation, delivering key insights into pay equity and market benchmarks. By promoting transparency, the platform fosters trust, enhances satisfaction, and ensures everyone feels valued and well-informed.

Here’s what to expect once Assemble joins the Deel ecosystem:

• One seamless flow for people management: Assemble’s compensation tools will integrate directly with Deel’s talent management, payroll and HRIS products, creating a smooth workflow from performance cycles, to compensation planning to payroll— all in one platform.
• Data-driven compensation: Assemble creates insights pulled from anonymized market data. Paired with Deel’s dataset of 500,000 workers, your company will gain unparalleled visibility into global pay trends to stay competitive and compliant. 
• AI-powered insights: Use Deel AI to forecast pay trends, recommend adjustments, and optimize pay structures, making smarter decisions faster.

“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 4.5 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, Deel co-founder and CEO.

“Fixing pay equity and driving transparency in compensation has been Assemble’s driving force since day one,” said Lisa Wallace, co-founder and co-CEO, “Enrique and I, along with our team, are thrilled to join Deel to help accelerate that vision. 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.” 

Deel has fully integrated three key acquisitions in 2024: Global Payroll (Payspace), Deel Engage (Zavvy), and Deel IT (Hofy) to enhance our 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 set to be the fourth acquisition integration to expand Deel’s capabilities, making it the only company able to offer payroll, compensation, performance and HR tools together in one platform.