Nicolas Roquefort Villeneve Papaya Global 2024 – All You Need To Know

A CFO’s Perspective on Nicolas Roquefort Villeneve Papaya Global…

The platform allows companies to handle their global workforce and comply with regional work policies and tax laws. Papaya Global offers a variety of services, including payroll management, benefits administration, compliance management, time and attendance tracking, and HR management. The platform is created to simplify the complexities of international payroll and offer real-time exposure and control over payroll operations. The business was founded in 2016 and is headquartered in Tel Aviv, Israel, with workplaces in New york city, London, and Kiev.

In the dynamic landscape of international company operations, handling payroll across borders can be a complex and tough task. As the Chief Financial Officer (CFO) of a worldwide business, I comprehend the critical importance of efficient and compliant payroll management. In our pursuit of quality, we have actually accepted ingenious options to simplify our processes, and one such transformative tool is Software.

The Obstacle of International Payroll:

Global growth brings about varied difficulties, and payroll management is no exception. Differing tax regulations, differing employment laws, and several currencies make it necessary for companies to embrace sophisticated solutions to guarantee accuracy, compliance, and effectiveness in payroll processing.

Software: A Comprehensive Service:

employees so it’s actually basic to ensure that you’ve thought about from the beginning any post-termination restrictions that you wish to take into the contract of employment that they’re enforceable so that indicates you need to truly consider what it is you’re wanting to safeguard and why clearly Specify what’s included within the scope of that confidential information and deal with the duration of restriction post-determination that you wish to apply and be truly able to to validate that in relation to copyright the position actually depends upon the type of intellectual property you’re aiming to secure and also the jurisdiction so for example from a copyright point of view in the Netherlands the end customer is more likely to have the um intellectual property rights in a copyright that the workers produced who’s been under their guidance and control automatically however in someplace like Poland for instance that automated right might not be there which task would require to flow through the chain uh contractually so it actually depends on the jurisdiction and the kind of IP fine thank you Elizabeth Steve was staying on the subject of agreements Miss classified misclassifying workers

Papaya Global Software has emerged as a game-changer in the world of international payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, user-friendly user interface. As the CFO, I have experienced firsthand the positive effect of on our organization’s financial operations.

Unified International Payroll Processing:
allows our business to process payroll flawlessly throughout several nations. The platform’s unified approach permits constant payroll estimations, decreasing errors and ensuring compliance with regional policies. This has significantly reduced the risks related to global payroll processing.

also essential for if in the future someone states misclassification you have your file supported by the requisite documents and that the best assessment tools to show someone that you had a thoughtful procedure and so what do you have to include in that procedure it’s the who the what the where and the when who are you handling are you handling a private or are you dealing with a personal Service Corporation and how are they running what are they doing is it the type of work that lends itself more to being an independent contractor than a worker so for example accounting

I.T crafting the creatives these all provide themselves more to that examination of being freelancer you know also uh where are they doing it can they work from anywhere or do they need to be on website and handled again another key aspect is the management and supervision of the uh worker and after that finally when is it a particular project is it a six-month job six years all of this is manageable but it needs to be documented and it has to be completely um examined so we have a tool we call it ic2 we had an ic1 and we have actually enhanced it this year so that we can roll it out worldwide these tools take a survey list for the employee the employee fills out and fills these concerns out therefore does completion client or the recipient of the services they both put their details into the tool and after that it does an evaluation waiting the various concerns due to the fact that not every jurisdiction has the exact same sensation about a few of these concerns some believe they’re more important than others and it brings out a red yellow or green red you’re probably an employee yellow you’re on the cusp we can most likely help you with that in regards to some of the things you need to strengthen to ensure that you are considered that examination of uh independent contractor or green where you were assessed as an as a independent specialist once that examination is done all the requisite documents are underneath it so that if later there

Automated Compliance:
Browsing the complexities of international work laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company updated with modifications in regulations throughout jurisdictions. This guarantees that our payroll processes adhere to the current requirements, reducing the risk of non-compliance and associated charges.

Efficiency

Nicolas Roquefort Villeneve Papaya Global and Time Cost Savings:

The software’s automation abilities have actually significantly lowered the time and effort required for payroll processing. Manual information entry and repetitive jobs have actually been minimized, allowing our financing team to concentrate on strategic initiatives instead of administrative problems. This has led to increased performance and efficiency within our financial operations.

in one considering that each state has its own policies Californians are some of the most strict an example is pay slips on a payslip in California the right info needs to be on the payslip in the right format and in the best position if you’re in breach of of policies for payslips the fines are released per payslip so that’s each worker each pay slip will incur a great thanks Ray thank you Elizabeth a lot to fret to think of and we’re just 2 questions in and 10 minutes or two working with in one country is hard enough however when hiring in a you know on a worldwide level it’s a completely various story you require to ensure that you depend on date with existing along with pending regional labor laws Steve um how do you make sure and ensure that individuals 2.0 group is on top of an ever-changing landscape which your clients are fully supported and I’ll arrange this into three crucial things we do in most importantly you need to have the best group so we employ a group of international specialists in Work Practices um that ex that group of specialists consists of attorneys it consists of payroll specialists it consists of HR experts and these are individuals that not only know the laws in these in these countries and regions but they also understand the languages they know the regional practices they know the cultures and it’s important to have that ideal team and really have the group on the ground uh dealing with cl

Real-time Analytics and Reporting:

Papaya Global supplies detailed real-time analytics and reporting tools. As a CFO, having access to precise and prompt financial data is vital for decision-making. The platform’s reporting capabilities empower me to make educated tactical choices based on real-time insights into our global payroll data.

application and its scope and the manner in which it applies to work law in practice can be evaluated through the judicial system by way of case law examples of that would be the acquired rights regulation otherwise referred to as the 2p guidelines in the UK the working time regulations which has had various strands of that legislation evaluated especially around vacation pay and of course as Kathy’s going to come on to talk about later on work status which there’s been multiple precedence set for many years so I believe it’s truly that continuous development of the work law landscape that you really require to navigate when when working in Europe okay thank you Elizabeth Ray what about you from your individual experience while crossing the pond as mentioned each country has various guidelines however the United States is basically 50 countries

Scalability for Business Growth:
One of the standout functions of Papaya Global is its scalability. As our business continues to grow and broaden into new markets, the software application effortlessly accommodates changes in our labor force and payroll requirements. This scalability ensures that our payroll facilities can adapt to the progressing requirements of our global organization.

Worldwide Chief legal officer we have actually got Elizabeth Beal who is our primary legal officer for Amia and we’ve got Ray Look who is our senior vice president of customer service and I would say separately and collectively these 3 individuals have Decades of experience in in employment law and international Employment Practices so thank you it’s an enjoyment to be with everyone here today sounds like we’ve got the right people with us today and in in addition to to those well we likewise have among our own Stars erase share head of Global Provider at papaya Worldwide inform us about yourself thank you Elin Ian hey there my name is Elite I have actually been with the company for around four and a half years as head of Partnerships I have actually established Papaya’s network of in-country Partners in over 160 places on a personal aspect and related to our subject today I’ve had the chance to move and operate in 3 different countries it is the company’s duty to ensure my security while residing in a foreign nation compliance with local laws and regulations is crucial for me or anyone else as an expat or as a regional so today we have invited our relied on Partners individuals 2.0 to demonstrate the importance of regional

expertise when companies Go Worldwide thank you and enjoy fine thank you as I said let’s move on to the pact program today’s webinar is an opportunity to ask the panel the questions you have actually been thinking about we’ll go over the truths a business requires to consider when opening a new entity and broadening into new nations in addition to keeping things going we’ll cover elements such as regional policies considerations when hiring compliance essential difficulties payments and what not to do it is among the most essential things remembering what not to do um operating on a worldwide level is not for the faint-hearted the bigger a company grows the more they require to comprehend and manage knowing what to do in each new scenario as it increases is necessary on many levels understanding regional policies and regional laws as well as company practices helps reduce Associated and worldwide expansion papaya through our local specialists can browse possible risks such as copyright security data personal privacy security problems guaranteeing the business’s operations stay compliant and safe tax Social Security returns and remittances vary by country

In conclusion, Papaya Global Software application has actually shown to be an indispensable possession in our quest for efficient and compliant worldwide payroll management. As the CFO of a global business, I am confident in suggesting Papaya Global to organizations seeking to enhance their payroll procedures, boost compliance, and achieve higher effectiveness in managing their global workforce. The software’s innovative functions and dedication to excellence align with our tactical objectives, making it an important part of our financial operations.

I find time and time again the workers typically misclassified unconsciously they do not understand the conditions of employment or agreement and are informed by the customer why it’s most advantageous primarily to the client why you need to be utilized or engaged in this fashion the employee may owe taxes and Social Security to the authorities the future pension and health care advantages of the worker can be impacted and a number of times it can be years before this all falls out and by that time it’s far too late years have actually passed they haven’t added to pensions And so on so it’s a big impact that they never ever understood they were strolling into you could not agree with you more if you say the UK for example hmrc can return as much as 10 years um Kathy business are taking out insurance against misclassification however normally premiums are only covering the expense of legal fees whilst the average claim examined versus companies corresponds to to 40 or 50 percent of the base pay of employee is there any point in securing insurance and what is the alternative yeah to your point um you do require to read the small print it is not covering the taxes charge and interest in most cases I have not seen it a minimum of so uh the the other area that I do think if you managed to get the protection what we are stating is is that if your compliance program is not up to pack you could be rejected protection on the basis of the truth that you were not in compliance with laws um in the UK

 

 

Cost Considerations and Nicolas Roquefort Villeneve Papaya Global …
The detailed functions of come at a cost,

 

Current decades have actually seen a significant modification to the labor force as the rise of remote work has actually broken down geographical barriers to working with. Services can now employ personnel from anywhere worldwide, enabling them to access the best readily available skill for any given function. This provides workers more flexibility to work from home and increase their earnings without moving to costly areas or commuting long distances. A 2022 survey found that 87% of employees who have the chance to work remotely take that chance. The break out of COVID-19, in conjunction with new enterprise connection software application, accelerated the transfer to remote work, consisting of in industries previously hesitant to welcome the pattern.

insights are important to us and and your fellow participants so first things initially though um let’s learn more about everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all type of Industries retail and Beauty to Aerospace in all types of businesses start-up to matrixed environments around the world I supplied leadership and technique to populations of more than 100,000 employees on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

International I work throughout business man maning and developing external relationships supporting Business customers and options and functioning as a consultant I wish to introduce our very first Greg um guest Greg who will kick things off by telling us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal group and in fact work very closely with our um HR department too to manage numerous legal and HR matters that turn up so actually thrilled to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our mission is to set you as HR professionals totally free to do excellent

integration Obstacles:
While Papaya Global deals integrations with different HR and financing systems, the implementation procedure was not without obstacles. Integrating the software application with our existing facilities required extra customization, leading to some delays in the initial rollout.

Paying FAQs Nicolas Roquefort Villeneve Papaya Global 2024

and some smaller sized subsidiaries within our company found the prices to be on the higher side. As an international company, balancing the need for advanced features with spending plan restraints ended up being a delicate workout.
Consumer Support Reaction Time:
There were instances where our groups faced concerns that required timely assistance. However, the action time from’s customer assistance group was not constantly as fast as desired, resulting in periodic hold-ups in concern resolution.

Our execution of included a phased method. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing processes. This enabled us to recognize and attend to integration challenges early on. As the software application became more implanted in our operations, we slowly expanded its usage to cover our entire worldwide labor force.

The automated features streamlined our payroll procedures, reducing the time spent on manual calculations and compliance tracking. Regular training sessions and continuous support from Papaya helped our groups end up being skilled users of the software application, maximizing its potential for our organization.

However, paying a labor force can be complicated. It is particularly challenging for business who utilize staff across several countries, as they must constantly combine different data streams, manually track regional and nationwide labor and regulations, and spend important time and resources to establish local entities in brand-new areas. These companies are faced with suboptimal, costly alternatives, like opening a foreign subsidiary or employing an expert employment organization, which is a regional firm that hires workers on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem hiring qualified workers, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.

provides an option supporting all types of work. It provides an end-to-end platform, from staff member onboarding and ongoing management to international payments and. It helps companies with labor law compliance in the jurisdictions in which they run, offers management of work benefits, and guarantees data privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading professional in payroll and labor force management. She co-founded after seeing the innovation space in worldwide.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to go to the total webcast in order to get your credits if you have any questions during the webcast please click the Q&A tab in your webinar controls and type the there a brand-new tab will open in your web browser with the webcast study please make certain to complete it as quickly as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re thrilled to have you here as we start a journey of data to policy accomplishing

360 degree worker compliance where we’ll dive into the important aspects of the employee compliance management design throughout the session we’ll explore real world difficulties genuine regional regulations best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your company and workers while staying certified in an

Ever progressing regulatory environment in the everchanging world of service and financing guaranteeing compliance with payroll regulations is not only vital but likewise a legal essential from the minute of hiring to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance dangers that have significant effects nevertheless with a much deeper more nuanced understanding of their responsibilities companies can not only navigate the detailed landscape however likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools needed to browse the complex Terrain of compliance whether you’re a seasoned P professional a small company owner or someone brand-new to the field what I want to do before we start and I think it’s truly important

In our quest to improve performance and accuracy in managing our international workforce, our multinational corporation turned to, a leading and workforce management software application. The transition intended to streamline the complex job of managing throughout various countries, currencies, and compliance guidelines.

The Great:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software instantly updates itself to stick to ever-evolving tax and labor laws throughout numerous jurisdictions. This has been important in making sure that our processes remain compliant in each country of operation.

is to state that the content here is not legal recommendations it is merely for your information please consult your legal team should you have any questions or concerns in relation to anything that we have actually talked about today our secret take essential takeaways by the end of the webinar will be an understanding of employee compliance risks how to hire ly with confidence how to simplify information management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we have actually.

act as your hris or is type of your core employee record um to handle that staff member life process throughout their Journey with you as as a worker in addition to a payroll module we have to assist you pay those workers and compensate them and advantages Administration module that allows you to assist handle the advantages you provide to your staff members so actually thrilled to be here represent um bamb booy jar and discuss this subject um and I think from my viewpoint I’ll I’ll most likely provide a lot of a concentrate on the United States side of things when we speak about kind of compliance so delighted to be here thanks for having me Ian okay thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a bit about papay worldwide yes absolutely thank you Ian hello everyone I’m Gina dorelis I’m the Work specialist supervisor.

at I handle the employment Council in the US APAC EMA and Israel region I likewise work as us Council for I’m licensed in New York and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we offer payroll payments and workforce management as a Service work force provider to workers serving in over.

160 countries alright thank you so both I feel totally underqualified sitting here with you both well I forgot to mention as we were kind of like going through the intro so it’s truly actually nice to really see in the webinar chat where everyone’s in fact participating in from today I can see that we have people in Las Vegas and Indiana already so if you want to carry on tell where you are that would be definitely fantastic whilst we just wait on everybody else to type of like join in there we go Chicago too well um so whil we’re doing that I’m waiting on everybody to type of join I’ll simply run us through the program um today we are going to discuss employing Talent new higher Info Management termination compliance and automation wow the chat has got really truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is great so uh I’m hoping that we’re actually going to have some really fantastic commentary and concerns throughout the uh the webinar too all right so that’s the agenda then what I want to Now cover is the the compliance and the Personal privacy side of things so the the Journey of an employee and their data is Nicolas Roquefort Villeneve Papaya Global complex without fail and an.

Ever progressing relationship that begins the moment a person joins an organization it continues throughout their work and Beyond this journey can be divided into k to several key stages whilst we’re in fact you know that they’re employed with us so on boarding day-to-day operations payment and benefits expert advancement then we get to the offboarding and even advocacy so it even occurs after the worker has left your work throughout the journey organizations are accountable for collecting saving protecting staff member data in compliance with data personal privacy regulations no matter where it is you’re running worldwide it often involves carrying out safe and secure information management systems and guaranteeing stringent adherence to regional requirements to protect both the staff member and the organization the evolution of worker information and management c.