A CFO’s Perspective on Papaya Global Support Email Address…
Papaya Global’s platform enhances global workforce management for business, guaranteeing compliance with local regulations and tax laws. Their services include payroll processing, benefits administration, compliance oversight, time and presence tracking, and HR assistance. The platform centralizes international payroll operations, supplying services with real-time insights and control. Founded in 2016, Papaya Global has actually broadened to Tel Aviv, New York City, London, and Kiev.
In the dynamic landscape of worldwide organization operations, handling payroll throughout borders can be a complex and tough job. As the Chief Financial Officer (CFO) of a worldwide business, I comprehend the critical value of efficient and compliant payroll management. In our pursuit of quality, we have actually embraced innovative solutions to improve our procedures, and one such transformative tool is Software.
The Difficulty of International Payroll:
International growth brings about varied challenges, and payroll management is no exception. Differing tax regulations, varying work laws, and several currencies make it important for companies to adopt advanced solutions to guarantee accuracy, compliance, and effectiveness in payroll processing.
Software: A Comprehensive Service:
It is essential to think about and include post-termination limitations in the employment contract to guarantee enforceability. You should thoroughly identify what you are looking for to safeguard and clearly specify the secret information that falls within its scope. In addition, specify the period of the post-termination restriction and be prepared to justify it in relation to intellectual property. The rules regarding copyright differ depending upon the kind of IP and the jurisdiction. For example, in the Netherlands, completion customer is likely to have copyright rights over works produced by employees under their guidance, while in Poland, legal task may be necessary.
Papaya Global Software has actually emerged as a game-changer in the realm of international payroll management. Its cloud-based platform incorporates payroll, workforce management, and employee benefits into a single, user-friendly interface. As the CFO, I have seen firsthand the positive effect of on our organization’s financial operations.
Unified Worldwide Payroll Processing:
enables our business to process payroll effortlessly throughout numerous nations. The platform’s unified approach allows for consistent payroll estimations, lowering mistakes and making sure compliance with regional policies. This has actually significantly mitigated the threats associated with international payroll processing.
likewise essential for if later somebody says misclassification you have your file supported by the requisite files which the best examination tools to reveal somebody that you had a thoughtful procedure and so what do you need to include because process it’s the who the what the where and the when who are you handling are you handling a private or are you handling 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 an employee so for instance accounting
I.T engineering the creatives these all lend themselves more to that examination of being freelancer you understand 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 element is the management and guidance of the uh employee and then finally when is it a particular project is it a six-month task 6 years all of this is manageable but it has to be recorded and it has to be thoroughly um investigated so we have a tool we call it ic2 we had an ic1 and we’ve enhanced it this year so that we can roll it out internationally these tools take a questionnaire list for the employee the employee fills out and fills these concerns out and so does completion customer or the recipient of the services they both put their details into the tool and after that it does an evaluation waiting the different questions 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 comes out with a red yellow or green red you’re probably a worker yellow you’re on the cusp we can probably help you with that in terms of a few of the things you need to bolster to make certain that you are given that assessment of uh independent specialist or green where you were examined as an as a independent specialist once that examination is done all the requisite documents are underneath it so that if later on there
Navigating the complexities of international work laws and tax guidelines can be frustrating. Papaya Global’s automated compliance engine keeps our company up-to-date with modifications in policies throughout jurisdictions. This ensures that our payroll procedures adhere to the most recent requirements, reducing the risk of non-compliance and associated charges.
network of In-House outside advisors accounting companies and legal companies who assist us keep our databases entirely as much as date and we likewise get in touch with we require to when we see an unusual or or especially complex circumstances okay thanks Steve I can just see a fast concern in the Q a window yes the session will be taped and sent to guests later on um returning to to the webinar itself Ray employer of record is managed in a different way all over the world and the German law for instance it’s classed as worker leasing can you shed any light on some of the unique considerations for nations and where the eor design isn’t managed yes Ian staff member leasing or labor leasing as it’s also called which prevails in a number of nations especially in Europe imposes strict guidelines on products such as the length of assignment it also assigns workers to collective bargaining arrangements that gives them rights and benefits however even in the countries that don’t have those strict regulations for example the UK Canada and the nordics there are guidelines for each country and each employee is dealt with the same as all the other employees because nation and all those policies need to be abided by alright thank you Ray um Kathy moving I would state to yourself what do companies need to factor in when determining agreement status to protect themselves and the rights of hires what are the benefits and drawbacks of employing contractors and Freelancers versus irreversible workers so certainly the the advantage of specialists versus workers is the the versatility for both the employee and for the employer um but I can’t stress enough how essential it is to have a consistent extensive and a well-documented compliance
Papaya Global Support Email Address and Time Cost Savings:
The software application’s automation abilities have actually considerably decreased the time and effort needed for payroll processing. Handbook data entry and repetitive tasks have been reduced, enabling our financing group to concentrate on strategic initiatives rather than administrative burdens. This has led to increased effectiveness and productivity within our monetary operations.
in one because each state has its own guidelines Californians are some of the most stringent an example is pay slips on a payslip in California the best information needs to be on the payslip in the ideal format and in the right position if you remain in breach of of guidelines for payslips the fines are issued per payslip so that’s each employee each pay slip will incur a great thanks Ray thank you Elizabeth a lot to worry to think of and we’re just two questions in and 10 minutes or so employing in one nation is difficult enough however when working with in a you understand on a global level it’s a totally different story you require to ensure that you’re up to date with current in addition to pending local labor laws Steve um how do you make certain and make sure that the people 2.0 group is on top of an ever-changing landscape and that your clients are totally supported and I’ll organize this into three essential things we perform in firstly you require to have the right group so we employ a group of global professionals in Work Practices um that ex that team of specialists includes lawyers it includes payroll specialists it includes HR professionals and these are individuals that not only understand the laws in these in these nations and regions however they also understand the languages they know the local practices they know the cultures and it is necessary to have that right team and truly have the team on the ground uh working with cl
Real-time Analytics and Reporting:
Papaya Global provides detailed real-time analytics and reporting tools. As a CFO, having access to accurate and timely monetary information is important for decision-making. The platform’s reporting abilities empower me to make informed strategic decisions based upon real-time insights into our worldwide 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 gotten rights directive otherwise referred to as the 2p guidelines in the UK the working time regulations which has had various hairs of that legislation checked particularly around vacation pay and obviously as Kathy’s going to come on to discuss later work status which there’s been multiple precedence set over the years so I think it’s actually that consistent development of the work law landscape that you truly require to browse when when working in Europe fine thank you Elizabeth Ray what about you from your personal experience while moving across the pond as pointed out each country has various guidelines however the United States is basically 50 countries
Scalability for Organization Growth:
Among the standout functions of Papaya Global is its scalability. As our business continues to grow and broaden into new markets, the software application perfectly accommodates changes in our labor force and payroll requirements. This scalability ensures that our payroll infrastructure can adapt to the developing needs of our international 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 state separately and collectively these 3 people have Decades of experience in in employment law and international Work Practices so thank you it’s a satisfaction to be with everybody here today seems like we have actually got the right people with us today and in in addition to to those well we likewise have one of our own Stars delete share head of Global Solutions at papaya Global tell us about yourself thank you Elin Ian hi my name is Elite I have actually been with the business for around four and a half years as head of Partnerships I have actually developed Papaya’s network of in-country Partners in over 160 places on an individual aspect and related to our subject today I’ve had the opportunity to move and operate in three different countries it is the company’s obligation to guarantee my security while living in a foreign country compliance with regional laws and policies is important for me or anyone else as an expat or as a regional so today we have actually invited our trusted Partners people 2.0 to demonstrate the importance of regional
know-how when business Go International thank you and delight in okay thank you as I stated let’s carry on to the pact program today’s webinar is a chance to ask the panel the questions you’ve been thinking about we’ll discuss the realities a company requires to think about when opening a new entity and expanding into brand-new countries as well as keeping things going we’ll cover elements such as local policies considerations when working with compliance key challenges payments and what not to do it’s one of the most important things remembering what not to do um operating on a worldwide level is not for the faint-hearted the larger a business grows the more they need to understand and manage understanding what to do in each new scenario as it increases is very important on many levels comprehending local policies and regional laws along with organization practices assists reduce Associated and international expansion papaya through our regional specialists can browse prospective dangers such as intellectual property defense data personal privacy security issues guaranteeing the company’s operations stay compliant and safe and secure tax Social Security returns and remittances vary by country
In conclusion, Papaya Global Software has actually shown to be an indispensable asset in our mission for efficient and certified global payroll management. As the CFO of a worldwide business, I am confident in suggesting Papaya Global to companies looking for to streamline their payroll processes, improve compliance, and accomplish greater efficiency in managing their international workforce. The software application’s ingenious functions and dedication to quality line up with our strategic goals, making it an essential part of our financial operations.
openly announced and it was 100 million dollar settlement that Uber made with the state of New Jersey one state in addition to the publicly revealed settlements there’s also significant legal expenses there exists’s other charges there’s other expenses behind that also so the total cost can be really substantial in the tens of countless dollars or more and and those amounts are growing uh the reason that business are getting it so incorrect is truly just the rules are intricate and they’re altering all the time think ir-35 in the UK which has actually been a continuous advancement for several years now and and still a lot of unpredictability amongst business on what it actually means and how you handle it most companies are simply not aware of the guidelines and and act as if the the guidelines are the same everywhere which they’re not so so encourage you to to be very proactive as you’re engaging uh workers from a category point of view fine thank you Stephen and returning to yourself Ray it’s not just the business that suffers in the long run what effects can this have on the worker Papaya Global Support Email Address specifically when it pertains to their own tax liabilities social security and advantages for example jury and obviously the employees the opposite of the coin
I find time and time again the employees typically misclassified unknowingly they don’t comprehend the conditions of work or contract and are informed by the customer why it’s most advantageous primarily to the customer why you must be utilized or engaged in this fashion the employee may owe taxes and Social Security to the authorities the future pension and healthcare advantages of the employee can be affected and a number of times it can be years before this all falls out and by that time it’s too late years have gone by they have not contributed to pensions And so on so it’s a big effect 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 ten years um Kathy business are securing insurance coverage against misclassification however generally premiums are only covering the cost of legal costs whilst the typical claim assessed versus employers relates to to 40 or 50 percent of the base salary of employee is there any point in taking out insurance coverage and what is the alternative yeah to your point um you do require to read the small print it is not covering the taxes penalty and interest in most cases I have not seen it at least so uh the the other location that I do believe if you managed to get the protection what we are saying is is that if your compliance program is not up to stuff you could be rejected coverage on the basis of the reality that you were not in compliance with laws um in the UK
Expense Factors to consider and Papaya Global Support Email Address …
The thorough features of come at an expense,
Recent years have seen a dramatic change to the workforce as the increase of remote work has actually broken down geographical barriers to employing. Organizations can now work with personnel from anywhere worldwide, permitting them to access the very best offered talent for any offered role. This offers workers more freedom to work from home and increase their earnings without moving to pricey areas or travelling cross countries. A 2022 survey discovered that 87% of staff members who have the opportunity to work remotely take that opportunity. The break out of COVID-19, in conjunction with new enterprise connection software application, accelerated the relocate to remote work, including in industries previously reluctant to embrace the trend.
insights are important to us and and your fellow participants so first things first though um let’s get to know everybody my name is Ian Charles and I have actually operated in payroll for the last 25 years I’ve had roles in all kind of Industries retail and Charm to Aerospace in all kinds of services start-up to matrixed environments around the world I provided management and strategy to populations of more than 100,000 workers on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
Worldwide I work across the business guy maning and building external relationships supporting Business clients and services and acting as an advisor I want to introduce our very first Greg um visitor 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 said my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal team and actually work very carefully with our um HR department as well to manage different legal and HR matters that show up so truly thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our mission is to set you as HR specialists totally free to do excellent
While Papaya Global deals integrations with different HR and finance systems, the implementation process was not without obstacles. Incorporating the software application with our existing infrastructure needed additional modification, causing some hold-ups in the preliminary rollout.
Paying FAQs Papaya Global Support Email Address 2024
and some smaller subsidiaries within our organization discovered the prices to be on the higher side. As an international company, stabilizing the requirement for advanced functions with spending plan constraints became a fragile exercise.
Consumer Support Reaction Time:
There were circumstances where our teams dealt with concerns that required prompt support. Nevertheless, the response time from’s consumer support team was not constantly as fast as desired, leading to periodic hold-ups in problem resolution.
Our application of involved a phased method. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to recognize and deal with combination challenges early on. As the software became more instilled in our operations, we gradually expanded its use to cover our whole international workforce.
The automated features streamlined our payroll procedures, minimizing the time spent on manual calculations and compliance tracking. Regular training sessions and ongoing assistance from Papaya assisted our teams become skilled users of the software, maximizing its potential for our organization.
Nevertheless, paying a labor force can be intricate. It is especially challenging for companies who employ personnel across numerous nations, as they need to constantly consolidate various data streams, by hand track local and national labor and policies, and spend valuable time and resources to establish regional entities in brand-new areas. These business are confronted with suboptimal, pricey choices, like opening a foreign subsidiary or employing a professional work organization, which is a local firm that works with workers on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty hiring qualified personnel, an increase of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.
uses an option supporting all kinds of employment. It supplies an end-to-end platform, from staff member onboarding and ongoing management to worldwide payments and. It assists business with labor law compliance in the jurisdictions in which they operate, uses management of work advantages, and makes sure 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 gap in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please be sure to attend the complete webcast in order to receive your credits if you have any questions during the webcast please click on the Q&A tab in your webinar controls and type the there a brand-new tab will open in your internet browser with the webcast study please be sure to complete it as soon as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hi and thank you for joining us today we’re enjoyed have you here as we embark on a journey of information to guideline accomplishing
360 degree staff member compliance where we’ll dive into the important aspects of the employee compliance management model throughout the session we’ll check out real world obstacles real regional policies finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to protect your organization and workers while staying compliant in an
Ever progressing regulatory environment in the everchanging world of company and financing guaranteeing compliance with payroll guidelines is not just important however also a legal imperative from the minute of hiring to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance risks that have far-reaching effects nevertheless with a deeper more nuanced understanding of their commitments organizations can not just browse the detailed landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools essential to browse the complex Terrain of compliance whether you’re an experienced P expert a small company owner or somebody new to the field what I would like to do before we start and I think it’s truly important
In our quest to boost effectiveness and accuracy in managing our worldwide workforce, our international corporation turned to, a leading and labor force management software. The transition intended to simplify the complex task of handling across various nations, currencies, and compliance regulations.
Among the standout features of is its robust compliance management system. The software application automatically updates itself to comply with ever-evolving tax and labor laws across multiple jurisdictions. This has actually been vital in guaranteeing that our processes remain certified in each nation of operation.
is to state that the material here is not legal recommendations it is simply for your details please consult your legal team should you have any concerns or concerns in relation to anything that we have actually talked about today our key take key takeaways by the end of the webinar will be an understanding of employee compliance dangers how to employ ly with confidence how to streamline information management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we have actually.
work as your hris or is type of your core staff member record um to manage that worker life process throughout their Journey with you as as an employee in addition to a payroll module we need to help you pay those workers and compensate them and advantages Administration module that enables you to assist handle the benefits you supply to your employees so actually thrilled to be here represent um bamb booy container and discuss this topic um and I guess from my perspective I’ll I’ll most likely supply a great deal of a concentrate on the United States side of things when we speak about sort of compliance so delighted to be here thanks for having me Ian alright thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay global yes absolutely thank you Ian hey there everyone I’m Gina dorelis I’m the Work professional manager.
at I manage the employment Council in the United States APAC EMA and Israel region I likewise serve as us Council for I’m accredited in New york city and New Jersey um we guarantee compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and workforce management as a Service labor force service provider to employees serving in over.
160 nations alright thank you so both I feel totally underqualified sitting here with you both well I forgot to discuss as we were type of like going through the intro so it’s actually truly great to really see in the webinar chat where everybody’s really participating in from today I can see that we have individuals in Las Vegas and Indiana already so if you wish to carry on inform where you are that would be definitely great whilst we just await everyone else to sort of like participate in there we go Chicago too well um so whil we’re doing that I’m waiting for everybody to sort of join I’ll simply run us through the program um today we are going to talk about working with Skill new higher Details Management termination compliance and automation wow the chat has got really actually busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely all over which is great so uh I’m hoping that we’re in fact going to have some truly fantastic commentary and questions throughout the uh the webinar as well alright so that’s the agenda then what I ‘d like to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a worker and their data is Papaya Global Support Email Address multifaceted without fail and an.
Ever evolving relationship that begins the moment a person signs up with an organization it continues throughout their employment and Beyond this journey can be divided into k to a number of essential phases whilst we’re really you know that they’re employed with us so on boarding everyday operations payment and advantages expert development then we get to the offboarding and even advocacy so it even takes place after the staff member has actually left your work throughout the journey companies are accountable for collecting storing protecting worker data in compliance with information personal privacy guidelines no matter where it is you’re operating all over the world it often involves carrying out safe information management systems and making sure rigorous adherence to local requirements to secure both the worker and the company the advancement of worker information and management c.