A California state senator is calling for a labor investigation into $12B HR sta...
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A California state senator is calling for a labor investigation into $12B HR startup Deel over 'brazen employment misclassification' after Insider's reporting
$12 billion HR startup Deel is facing calls for a California Secretary of Labor investigation.
Multiple California state senators criticized Deel for misclassifying workers, citing reporting from Insider.
The company is heavily reliant on independent contractors, Insider previously reported.
A California senator is calling for the state's Secretary of Labor to investigate Deel, a buzzy San Francisco-based HR startup valued $12 billion, over "brazen employment misclassification."
In a letter addressed to Secretary Stewart Knox and the Labor and Workforce Development Agency sent in late June, Stephen Padilla cited a recent Insider investigation into the Deel and asked the state agency to look into how the company treats its 2,000-strong workforce.
Founded in 2018, Deel helps companies expand and hire around the world. It has a variety of products, from HR and payroll tools to an "Employee Of Record" service in which it hires workers on a client's behalf in countries they don't yet have a legal presence. Bouyed by the pandemic and accompanying shift to remote work, the company grew rapidly, and it has received nearly $700 million in venture capital investment from top tier firms including Andreessen Horowitz and Emerson Collective.
In March, Insider reported that at least half of the company's global workforce are independent contractors, and that there is no meaningful difference in the duties and expectations placed on contractors and employees. Contractors work the same full-time hours as employees, are paid fixed monthly or biweekly sums, are assigned work, have managers, are on years-long or open-ended contracts, and need to request time off in advance, for which they are paid.
Even Deel's CEO, Alex Bouaziz, is an independent contractor.
Citing Insider's reporting, Padilla wrote: "This greed-driven approach to labor management is a blatant reminder of the systemic inequities that persist in our economy, and it is deeply concerning to see companies like Deel prioritize their corporate bottom line at the expense of workers' basic rights and protections."
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