A series of fully reversed axial, torsional strain-controlled cyclic tests and two multiaxial ratcheting tests were conducted on weld metal specimens using an Instron8521 tension-torsional servo-controlled testing machine. The weld metal showed clear cyclic softening under axial, torsional and multiaxial loading. A modified kinematic hardening rule was proposed in which a multiaxial-loading-dependent parameter incorporated the radial evanescence term of the Burlet-Cailletaud mode with the Ohno-Wang kinematic hardening rule to predict the multiaxial ratcheting effects. The introduction of yield stress evolved with accumulated plasticity strain enables the model to predict cyclic plasticity behavior of cyclic softening or cyclic hardening materials. Thus modified model considers the isotropic hardening as well as kinematic hardening of yield surface, and it can present description of plasticity behavior and ratcheting of cyclic softening and cyclic hardening materials well under multiaxial loading.