Papaya Global Vietnam 2024 – All You Need To Know

A CFO’s Point of view on Papaya Global Vietnam…

Papaya Global’s platform improves worldwide workforce management for companies, ensuring compliance with local policies and tax laws. Their services encompass payroll processing, benefits administration, compliance oversight, time and participation tracking, and HR support. The platform centralizes worldwide payroll operations, supplying businesses 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 vibrant landscape of global business operations, managing payroll throughout borders can be a complex and challenging job. As the Chief Financial Officer (CFO) of a worldwide business, I comprehend the crucial value of efficient and compliant payroll management. In our pursuit of quality, we have actually accepted ingenious services to enhance our procedures, and one such transformative tool is Software application.

The Challenge of Worldwide Payroll:

Global expansion causes varied obstacles, and payroll management is no exception. Differing tax regulations, varying work laws, and multiple currencies make it important for organizations to embrace sophisticated services to guarantee accuracy, compliance, and efficiency in payroll processing.

Software application: A Comprehensive Solution:

workers so it’s really fundamental to guarantee that you’ve thought about from the start any post-termination constraints that you want to put into the contract of employment that they’re enforceable so that suggests you require to truly think about what it is you’re aiming to safeguard and why clearly Specify what’s included within the scope of that secret information and attend to the period of restriction post-determination that you wish to apply and be really able to to justify that in relation to intellectual property the position truly depends upon the type of intellectual property you’re aiming to secure and likewise the jurisdiction so for instance from a copyright perspective in the Netherlands completion client is most likely to have the um copyright rights in a copyright that the employees produced who’s been under their guidance and control automatically however in someplace like Poland for instance that automatic right may not be there which project would require to flow through the chain uh contractually so it actually depends on the jurisdiction and the type of IP all right thank you Elizabeth Steve was staying on the topic of agreements Miss classified misclassifying employees

Papaya Global Software application has become a game-changer in the world of international payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, easy to use user interface. As the CFO, I have witnessed firsthand the positive impact of on our company’s monetary operations.

Unified International Payroll Processing:
allows our company to procedure payroll flawlessly throughout numerous nations. The platform’s unified method enables consistent payroll calculations, decreasing errors and making sure compliance with regional policies. This has actually considerably mitigated the threats related to international payroll processing.

also key for if in the future someone states misclassification you have your file supported by the requisite documents and that the best examination tools to reveal someone that you had a thoughtful process and so what do you need to include because process it’s the who the what the where and the when who are you dealing with are you handling a specific or are you dealing with a personal Service Corporation and how are they operating what are they doing is it the kind of work that provides itself more to being an independent specialist 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 likewise uh where are they doing it can they work from anywhere or do they have to be on site and managed once again another crucial factor is the management and guidance of the uh employee and then finally when is it a specific job is it a six-month job six years all of this is manageable however 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’ve enhanced it this year so that we can roll it out globally these tools take a questionnaire list for the employee the worker completes and fills these questions out and so does the end client or the recipient of the services they both put their details into the tool and after that it does an assessment waiting the different questions because not every jurisdiction has the exact same feeling about a few of these concerns some believe they’re more vital than others and it brings out a red yellow or green red you’re probably a staff member yellow you’re on the cusp we can probably help you with that in regards to some of the things you need to boost to ensure that you are considered that assessment of uh independent specialist or green where you were evaluated as an as a independent professional once that examination is done all the requisite files are below it so that if in the future there

Automated Compliance:
Browsing the complexities of worldwide employment laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company current with changes in regulations across jurisdictions. This makes sure that our payroll processes abide by the most recent requirements, minimizing the threat of non-compliance and associated penalties.

network of In-House outside advisors accounting firms and legal firms who assist us keep our databases totally approximately date and we also get in touch with we need to when we see an uncommon or or especially intricate situations fine thanks Steve I can just see a quick question in the Q a window yes the session will be tape-recorded and sent to guests afterwards um moving back to to the webinar itself Ray company of record is regulated 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 a few of the unique factors to consider for nations and where the eor design isn’t controlled yes Ian staff member leasing or labor leasing as it’s likewise called which is prevalent in numerous countries particularly in Europe enforces strict guidelines on products such as the length of project it also appoints employees to collective bargaining contracts that gives them rights and advantages but even in the nations that don’t have those rigorous regulations for example the UK Canada and the nordics there are policies for each country and each employee is dealt with the same as all the other employees because country and all those guidelines require to be abided by fine thank you Ray um Kathy moving I would state to yourself what do companies require to factor in when identifying contract status to protect themselves and the rights of hires what are the pros and cons of hiring professionals and Freelancers versus long-term staff members so certainly the the benefit of contractors versus employees is the the versatility for both the worker and for the employer um however I can’t stress enough how important it is to have a consistent comprehensive and a well-documented compliance

Effectiveness

Papaya Global Vietnam and Time Cost Savings:

The software’s automation capabilities have actually significantly reduced the time and effort needed for payroll processing. Handbook data entry and repeated tasks have actually been reduced, enabling our financing group to concentrate on strategic initiatives instead of administrative problems. This has actually led to increased performance and performance within our monetary operations.

in one considering that each state has its own policies Californians are a few of the most rigorous an example is pay slips on a payslip in California the best info needs to be on the payslip in the right format and in the right position if you remain in breach of of guidelines for payslips the fines are released per payslip so that’s each worker each pay slip will sustain a great thanks Ray thank you Elizabeth a lot to worry to consider and we’re just 2 questions in and 10 minutes approximately working with in one country is difficult enough but when employing in a you know on an international level it’s a completely various story you require to make certain that you’re up to date with current as well as pending regional labor laws Steve um how do you ensure and ensure that individuals 2.0 group is on top of an ever-changing landscape which your customers are fully supported and I’ll arrange this into 3 key things we do in most importantly you need to have the ideal group so we employ a group of worldwide specialists in Work Practices um that ex that group of specialists includes legal representatives it includes payroll professionals it includes HR specialists and these are people that not only understand the laws in these in these nations and regions but they also know the languages they understand the regional practices they know the cultures and it is essential to have that right group and really have the team on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global provides comprehensive real-time analytics and reporting tools. As a CFO, having access to precise and prompt monetary information is vital for decision-making. The platform’s reporting capabilities empower me to make informed strategic choices based on real-time insights into our worldwide payroll information.

application and its scope and the way that 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 obtained rights directive otherwise called the 2p regulations in the UK the working time guidelines which has had different hairs of that legislation evaluated especially around holiday pay and obviously as Kathy’s going to come on to talk about later work status which there’s been several precedence set throughout the years so I believe it’s truly that continuous development of the employment law landscape that you really need to browse when when working in Europe all right thank you Elizabeth Ray what about you from your individual experience while crossing the pond as mentioned each nation has various policies however the United States is basically 50 countries

Scalability for Organization Growth:
Among the standout features of Papaya Global is its scalability. As our company continues to grow and expand into new markets, the software application flawlessly accommodates changes in our workforce and payroll requirements. This scalability ensures that our payroll facilities can adjust to the progressing requirements of our international organization.

Global Chief legal officer we’ve got Elizabeth Beal who is our primary legal officer for Amia and we’ve got Ray Gander who is our senior vice president of client services and I would state individually and collectively these three individuals have Decades of experience in in work 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 also have among our own Stars erase share head of Global Services at papaya Worldwide inform us about yourself thank you Elin Ian hello my name is Elite I have actually been with the company for around 4 and a half years as head of Partnerships I have actually developed Papaya’s network of in-country Partners in over 160 areas on an individual element and related to our subject today I’ve had the chance to transfer and work in three various nations it is the company’s duty to ensure my security while residing in a foreign nation compliance with regional 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 local

knowledge when companies Go Worldwide thank you and enjoy all right thank you as I stated let’s move on to the pact program today’s webinar is an opportunity to ask the panel the concerns you have actually been considering we’ll discuss the realities a company needs to think about when opening a new entity and expanding into brand-new countries along with keeping things going we’ll cover aspects such as local regulations considerations when hiring compliance crucial obstacles payments and what not to do it is among the most important things remembering what not to do um operating on an international level is not for the faint-hearted the larger a business grows the more they require to understand and manage understanding what to do in each brand-new situation as it rises is very important on lots of levels comprehending local guidelines and regional laws along with company practices assists mitigate Associated and international expansion papaya through our regional specialists can browse potential risks such as intellectual property security information privacy security concerns ensuring the company’s operations remain compliant and secure tax Social Security returns and remittances vary by country

In conclusion, Papaya Global Software application has shown to be an invaluable possession in our mission for effective and certified worldwide payroll management. As the CFO of an international business, I am positive in advising Papaya Global to companies seeking to improve their payroll processes, enhance compliance, and accomplish higher efficiency in handling their global workforce. The software’s ingenious features and dedication to quality line up with our tactical objectives, making it an important part of our financial operations.

openly revealed and it was 100 million dollar settlement that Uber made with the state of New Jersey one state in addition to the openly announced settlements there’s also substantial legal expenses there exists’s other penalties there’s other costs behind that too so the overall cost can be really substantial in the tens of countless dollars or more and and those amounts are growing uh the reason companies are getting it so wrong is really simply the rules are complex and they’re altering all the time think ir-35 in the UK which has been an ongoing advancement for a number of years now and and still a great deal of uncertainty among companies on what it truly implies and how you deal with it most employers are just not familiar with the guidelines and and act as if the the rules 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 perspective okay thank you Stephen and moving back to yourself Ray it’s not just the business that suffers in the long run what effects can this have on the employee Papaya Global Vietnam specifically when it pertains to their own tax liabilities social security and benefits for instance jury and obviously the workers the other side of the coin

I find time and time again the employees often misclassified unconsciously they do not comprehend the conditions of work or contract and are informed by the client why it’s optimum primarily to the customer why you need to be utilized or taken part in this style the employee may owe taxes and Social Security to the authorities the future pension and health care benefits of the employee can be affected and numerous times it can be years before this all falls out and by that time it’s too late years have actually gone by they have not contributed to pensions And so on so it’s a huge effect that they never 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 getting insurance coverage versus misclassification but normally premiums are just covering the cost of legal charges whilst the typical claim evaluated against employers equates to to 40 or half of the base pay of worker is there any point in taking out insurance coverage and what is the alternative yeah to your point um you do need to check out the fine print it is not covering the taxes penalty and interest most of the times I have not seen it at least so uh the the other location that I do think if you managed to get the coverage what we are saying is is that if your compliance program is not up to stuff you could be denied protection on the basis of the fact that you were not in compliance with laws um in the UK

 

 

Cost Factors to consider and Papaya Global Vietnam …
The extensive functions of come at a cost,

 

Over the past few years, the workforce has gone through a considerable transformation with the development of remote work, which has gotten rid of geographical constraints on hiring. This has enabled services to recruit skill from all over the world, allowing them to put together the very best possible group for each function. As a result, staff members have gotten higher versatility to work from home and increase their revenues without having to move to expensive locations or commute cross countries. According to a 2022 survey, 87% of staff members who have the choice to work from another location pick to do so. The COVID-19 pandemic, integrated with developments in enterprise connection software, has actually even more accelerated the shift towards remote work, even in industries that were at first reluctant to embrace the pattern.

insights are valuable to us and and your fellow participants so first things initially 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 have actually had functions in all sort of Industries retail and Charm to Aerospace in all kinds of companies start-up to matrixed environments around the world I supplied leadership and method to populations of more than 100,000 workers on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

Worldwide I work across business male maning and developing external relationships supporting Enterprise customers and services and serving as a consultant 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 stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our in-house legal team and actually work very closely with our um HR department as well to manage various legal and HR matters that come up so truly delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our objective is to set you as HR specialists totally free to do excellent

Execution Barriers:
Although Papaya Global provides combinations with different HR and finance systems, we encountered some hurdles throughout the integration procedure. Tailoring the software to align with our existing facilities proved to be more intricate than prepared for, resulting in delays in the initial rollout.

Prices Concerns:
The extensive features offered by Papaya Global come at a cost, which a few of our smaller subsidiaries found to be excessively expensive. As a global organization, we had to thoroughly weigh the requirement for innovative functionality against spending plan constraints.

Support Response Time:
On occasion, our teams experienced problems that needed urgent support. However, the reaction time from Papaya Global’s consumer assistance group was not always as prompt as we would have liked, resulting in delays in solving those concerns.

Our implementation of included a phased approach. We started by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing processes. This allowed us to determine and attend to integration obstacles early on. As the software became more implanted in our operations, we gradually expanded its use to cover our entire worldwide workforce.

The automated functions streamlined our payroll processes, lowering the time invested in manual calculations and compliance tracking. Routine training sessions and ongoing assistance from Papaya helped our teams end up being competent users of the software application, maximizing its capacity for our organization.

Nevertheless, paying a labor force can be complicated. It is particularly challenging for companies who utilize staff across multiple nations, as they need to continuously combine various information streams, by hand track regional and national labor and policies, and spend valuable time and resources to set up local entities in new areas. These companies are confronted with suboptimal, costly options, like opening a foreign subsidiary or hiring a professional work company, which is a local company that works with workers on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem hiring certified workers, a boost of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.

offers a service supporting all forms of employment. It offers an end-to-end platform, from worker onboarding and ongoing management to global payments and. It assists business with labor law compliance in the jurisdictions in which they run, uses management of employment benefits, and ensures data personal privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading professional in payroll and workforce management. She co-founded after seeing the technology gap in international.

papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to go to the total webcast in order to receive your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast survey please be sure to finish it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hello and thank you for joining us today we’re enjoyed have you here as we embark on a journey of data to policy accomplishing

360 degree employee compliance where we’ll dive into the necessary aspects of the staff member compliance management design throughout the session we’ll check out real life obstacles genuine regional guidelines finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your company and staff members while remaining compliant in an

Ever progressing regulatory environment in the everchanging world of company and financing making sure compliance with payroll guidelines is not only essential however likewise a legal vital from the minute of hiring to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance risks that have far-reaching effects nevertheless with a deeper more nuanced understanding of their responsibilities companies can not just browse the intricate landscape but also proactively ensure this 360 degree compliance the webinar is designed to equip you with the understanding and tools essential to browse the complex Surface of compliance whether you’re an experienced P expert a small business owner or somebody brand-new to the field what I would like to do before we start and I believe it’s actually important

In our quest to enhance efficiency and precision in handling our global workforce, our multinational corporation turned to, a leading and workforce management software application. The shift intended to simplify the complex job of handling across different nations, currencies, and compliance guidelines.

The Excellent:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software application immediately updates itself to adhere to ever-evolving tax and labor laws across multiple jurisdictions. This has actually been vital in making sure that our procedures stay certified in each nation of operation.

is to state that the material here is not legal guidance it is merely for your details please consult your legal group ought to you have any concerns or issues in relation to anything that we’ve talked about today our secret take essential takeaways by the end of the webinar will be an understanding of worker compliance threats how to hire ly with self-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’ve.

serve as your hris or is kind of your core employee record um to handle that staff member life process throughout their Journey with you as as a staff member in addition to a payroll module we have to help you pay those staff members and compensate them and benefits Administration module that permits you to help handle the advantages you offer to your employees so truly excited to be here represent um bamb booy jar and talk about this topic um and I guess from my point of view I’ll I’ll probably supply a lot of a focus on the US side of things when we speak about type 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 little bit about papay global yes definitely thank you Ian hi everyone I’m Gina dorelis I’m the Employment specialist supervisor.

at I handle the employment Council in the United States APAC EMA and Israel region I also function as us Council for I’m certified in New York and New Jersey um we make sure compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and labor force management as a Service work force company to employees serving in over.

160 nations all right thank you so both I feel completely underqualified sitting here with you both well I forgot to mention as we were type of like going through the introduction so it’s really actually good to really see in the webinar chat where everyone’s in fact participating in from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to continue tell where you are that would be absolutely fantastic whilst we simply wait on everyone else to type of like take part there we go Chicago as well well um so whil we’re doing that I’m awaiting everyone to kind of join I’ll simply run us through the agenda um today we are going to discuss hiring Talent brand-new higher Details Management termination compliance and automation wow the chat has got really actually hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is fantastic so uh I’m hoping that we’re in fact going to have some truly excellent commentary and concerns throughout the uh the webinar too alright so that’s the program then what I wish to Now cover is the the compliance and the Privacy side of things so the the Journey of an employee and their data is Papaya Global Vietnam complex without fail and an.

Ever progressing relationship that begins the minute a person signs up with an organization it continues throughout their work and Beyond this journey can be divided into k to a number of crucial stages whilst we’re actually you know that they’re utilized with us so on boarding day-to-day operations compensation and advantages professional development then we get to the offboarding and even advocacy so it even takes place after the worker has actually left your employment throughout the journey organizations are accountable for gathering keeping securing staff member data in compliance with data privacy policies no matter where it is you’re operating around the world it typically includes executing safe data management systems and making sure rigorous adherence to regional requirements to safeguard both the staff member and the organization the development of worker data and management c.

Papaya Global Vietnam 2024 – All You Need To Know

A CFO’s Point of view on Papaya Global Vietnam…

Papaya Global’s platform enhances global labor force management for companies, guaranteeing compliance with local policies and tax laws. Their services encompass payroll processing, advantages administration, compliance oversight, time and participation tracking, and HR assistance. The platform centralizes worldwide payroll operations, offering organizations with real-time insights and control. Founded in 2016, Papaya Global has actually expanded to Tel Aviv, New York, London, and Kiev.

In the vibrant landscape of international company operations, handling payroll throughout borders can be a complex and difficult job. As the Chief Financial Officer (CFO) of an international company, I comprehend the important significance of effective and compliant payroll management. In our pursuit of quality, we have embraced innovative solutions to enhance our processes, and one such transformative tool is Software application.

The Challenge of Global Payroll:

Worldwide growth causes varied difficulties, and payroll management is no exception. Differing tax policies, differing employment laws, and numerous currencies make it important for companies to adopt advanced services to ensure precision, compliance, and efficiency in payroll processing.

Software: A Comprehensive Service:

It is crucial to consider and consist of post-termination limitations in the employment agreement to guarantee enforceability. You must carefully identify what you are seeking to secure and plainly specify the confidential information that falls within its scope. Additionally, specify the duration of the post-termination restriction and be prepared to validate it in relation to copyright. The rules concerning copyright differ depending on the kind of IP and the jurisdiction. For example, in the Netherlands, completion customer is most likely to have copyright rights over works produced by workers under their guidance, while in Poland, contractual assignment might be required.

Papaya Global Software application has actually emerged as a game-changer in the realm of global payroll management. Its cloud-based platform integrates payroll, labor force management, and employee benefits into a single, easy to use user interface. As the CFO, I have seen firsthand the positive effect of on our organization’s financial operations.

Unified Worldwide Payroll Processing:
allows our company to process payroll effortlessly throughout several countries. The platform’s unified method enables consistent payroll computations, minimizing mistakes and ensuring compliance with regional regulations. This has actually substantially reduced the risks connected with international payroll processing.

likewise key for if in the future somebody states misclassification you have your file supported by the requisite files and that the best evaluation tools to reveal somebody that you had a thoughtful procedure therefore what do you need to consist of in that process it’s the who the what the where and the when who are you dealing with are you dealing with a specific or are you handling an individual Service Corporation and how are they running what are they doing is it the type of work that provides itself more to being an independent contractor than an employee so for example accounting

I.T crafting the creatives these all lend themselves more to that examination of being freelancer you understand likewise uh where are they doing it can they work from anywhere or do they need to be on website and handled once again another key element is the management and guidance of the uh worker and then lastly when is it a particular job is it a six-month task six years all of this is workable 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 improved it this year so that we can roll it out internationally these tools take a questionnaire list for the employee the worker completes and fills these concerns out and so does completion customer or the recipient of the services they both put their information into the tool and after that it does an evaluation waiting the different concerns since not every jurisdiction has the same feeling about some of these concerns some think they’re more crucial than others and it brings out a red yellow or green red you’re most likely an employee yellow you’re on the cusp we can most likely help you with that in terms of a few of the important things you need to strengthen to ensure that you are considered that examination of uh independent contractor or green where you were examined as an as a independent professional once that examination is done all the requisite files are beneath it so that if in the future there

Automated Compliance:
Browsing the intricacies of global work laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our organization current with changes in regulations throughout jurisdictions. This makes sure that our payroll processes adhere to the most recent requirements, reducing the risk of non-compliance and associated charges.

Effectiveness

Papaya Global Vietnam and Time Savings:

The software’s automation abilities have actually significantly reduced the time and effort required for payroll processing. Handbook information entry and repeated tasks have actually been lessened, enabling our finance group to focus on tactical initiatives instead of administrative burdens. This has resulted in increased performance and performance within our monetary operations.

in one since each state has its own policies Californians are some of the most rigorous an example is pay slips on a payslip in California the ideal information 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 provided per payslip so that’s each worker each pay slip will incur a great thanks Ray thank you Elizabeth a lot to worry to think about and we’re just two questions in and 10 minutes approximately employing in one country is hard enough but when employing in a you know on an international level it’s a totally various story you need to ensure that you depend on date with present along with pending local labor laws Steve um how do you make certain and guarantee that individuals 2.0 team is on top of an ever-changing landscape which your clients are fully supported and I’ll organize this into three essential things we do in primarily you require to have the best group so we work with a group of international experts in Work Practices um that ex that group of specialists consists of lawyers it includes payroll professionals it consists of HR experts and these are people that not only know the laws in these in these nations and regions however they likewise know the languages they know the regional practices they know the cultures and it is very important to have that ideal group and genuinely have the group on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global provides extensive real-time analytics and reporting tools. As a CFO, having access to precise and prompt monetary data is important for decision-making. The platform’s reporting capabilities empower me to make informed strategic decisions based on real-time insights into our global payroll information.

application and its scope and the manner in which it applies to work law in practice can be tested through the judicial system by way of case law examples of that would be the gotten rights regulation otherwise called the 2p policies in the UK the working time regulations which has actually had numerous hairs of that legislation evaluated particularly around vacation pay and of course as Kathy’s going to come on to speak about later employment status which there’s been numerous precedence set for many years so I think it’s truly that continuous development of the employment law landscape that you really need to navigate when when working in Europe alright thank you Elizabeth Ray what about you from your individual experience while crossing the pond as pointed out each country has various guidelines but the United States is basically 50 nations

Scalability for Company Growth:
Among the standout features of Papaya Global is its scalability. As our company continues to grow and broaden into new markets, the software application seamlessly accommodates changes in our labor force and payroll requirements. This scalability guarantees that our payroll infrastructure can adapt to the developing needs of our worldwide organization.

Global 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 individually and collectively these three individuals have Years of experience in in employment law and global Work Practices so thank you it’s a pleasure to be with everyone here today sounds like we have actually got the right people with us today and in in addition to to those well we likewise have among our own Stars delete share head of Global Services at papaya Global tell us about yourself thank you Elin Ian hi my name is Elite I’ve been with the business for around 4 and a half years as head of Partnerships I have established Papaya’s network of in-country Partners in over 160 locations on an individual aspect and related to our subject today I’ve had the opportunity to move and operate in 3 various nations it is the business’s responsibility to guarantee my security while residing in a foreign country compliance with local laws and guidelines is important for me or anybody else as an expat or as a local so today we have welcomed our relied on Partners people 2.0 to show the value of regional

know-how when companies Go Worldwide thank you and delight in all right thank you as I stated let’s carry on to the pact agenda today’s webinar is an opportunity to ask the panel the concerns you’ve been thinking of we’ll go over the truths a company requires to consider when opening a brand-new entity and broadening into new countries as well as keeping things going we’ll cover aspects such as local regulations considerations when working with compliance key obstacles payments and what not to do it is among the most crucial things remembering what not to do um operating on a worldwide level is not for the faint-hearted the bigger a business grows the more they require to understand and manage knowing what to do in each brand-new situation as it rises is very important on numerous levels understanding regional policies and local laws along with organization practices helps reduce Associated and worldwide expansion papaya through our regional experts can navigate possible risks such as intellectual property security information privacy security problems making sure the business’s operations remain certified and protected tax Social Security returns and remittances differ by nation

In conclusion, Papaya Global Software application has proven to be a vital property in our quest for effective and compliant worldwide payroll management. As the CFO of a global business, I am positive in suggesting Papaya Global to organizations seeking to improve their payroll procedures, enhance compliance, and attain higher efficiency in handling their global workforce. The software application’s ingenious functions and dedication to excellence align with our tactical objectives, making it an important part of our financial operations.

I discover time and time again the employees often misclassified unwittingly they do not understand the conditions of employment or contract and are told by the customer why it’s optimum generally to the client why you ought to be used or engaged in this fashion the employee might owe taxes and Social Security to the authorities the future pension and healthcare advantages of the worker can be affected and numerous times it can be years before this all falls out and by that time it’s too late years have passed they haven’t contributed to pensions Etc so it’s a big impact that they never knew they were walking into you couldn’t agree with you more if you state the UK for instance hmrc can go back as much as 10 years um Kathy companies are securing insurance against misclassification but normally premiums are just covering the expense of legal fees whilst the average claim evaluated against employers relates to to 40 or half of the base pay of employee is there any point in taking out insurance and what is the alternative yeah to your point um you do need to read the fine print it is not covering the taxes penalty and interest most of the times I have not seen it a minimum of so uh the the other location that I do think if you managed to get the coverage what we are saying is is that if your compliance program is not up to pack you could be denied coverage on the basis of the truth that you were not in compliance with laws um in the UK

 

 

Expense Factors to consider and Papaya Global Vietnam …
The comprehensive functions of come at an expense,

 

Over the past couple of decades, the labor force has actually gone through a considerable transformation with the development of remote work, which has actually gotten rid of geographical restrictions on hiring. This has actually made it possible for companies to recruit skill from all over the world, allowing them to assemble the best possible team for each role. As a result, employees have actually gotten greater versatility to work from home and increase their earnings without having to move to costly areas or commute fars away. According to a 2022 survey, 87% of employees who have the alternative to work from another location select to do so. The COVID-19 pandemic, integrated with advancements in business connectivity software, has actually further accelerated the shift towards remote work, even in industries that were at first reluctant to adopt the pattern.

insights are valuable to us and and your fellow guests so first things initially though um let’s get to know everybody my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Beauty to Aerospace in all kinds of services start-up to matrixed environments around the world I supplied management and technique to populations of more than 100,000 employees on a monthly basis and in over 170 countries today I’m the perel strategist for papaya

Global I work throughout the business man maning and developing external relationships supporting Enterprise customers and options and functioning as an advisor I wish 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 corporate counsil at bambo HR so I lead our internal legal team and actually work extremely closely with our um HR department also 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 experts free to do terrific

Application Barriers:
Although Papaya Global supplies integrations with various HR and finance systems, we experienced some difficulties during the integration process. Personalizing the software application to align with our existing facilities showed to be more complex than anticipated, resulting in hold-ups in the preliminary rollout.

Prices Issues:
The extensive features used by Papaya Global come at an expense, which a few of our smaller sized subsidiaries discovered to be prohibitively costly. As a worldwide company, we had to carefully weigh the requirement for innovative performance versus budget plan restrictions.

Assistance Response Time:
On occasion, our teams experienced issues that required immediate support. Nevertheless, the reaction time from Papaya Global’s consumer assistance group was not constantly as prompt as we would have liked, causing delays in dealing with those concerns.

Our application of involved a phased approach. We began by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing procedures. This enabled us to identify and deal with integration obstacles early on. As the software application ended up being more instilled in our operations, we slowly expanded its usage to cover our whole worldwide labor force.

The automated features structured our payroll processes, minimizing the time invested in manual calculations and compliance tracking. Regular training sessions and ongoing support from Papaya helped our groups become competent users of the software, optimizing its potential for our company.

Business that worker workers across multiple nations typically deal with elaborate obstacles when it concerns managing their workforce. Among the greatest obstacles is combining different information streams and sticking to diverse local and national labor regulations, which can be both lengthy and pricey. Furthermore, setting up regional entities in brand-new areas can be a pricey and suboptimal option, with options such as opening a foreign subsidiary or hiring a professional employment company (PEO) often charging up to 15% of the payroll. These obstacles have actually led to a substantial boost in problem recruiting qualified workers, with 75% of employers reporting this problem in 2022, a 21% boost from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

uses a service supporting all types of employment. It offers an end-to-end platform, from employee onboarding and continuous management to international payments and. It helps companies with labor law compliance in the jurisdictions in which they run, offers management of work advantages, and makes sure information personal privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading expert in payroll and labor force management. She co-founded after seeing the technology gap in global.

papaya this webcast has been pre-approved for hrci and Sherm credit please be sure to participate in the total webcast in order to receive your credits if you have any questions throughout 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 web browser with the webcast study please be sure to finish it as quickly as the webcast has 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 enjoyed have you here as we start a journey of data to policy achieving

360 degree staff member compliance where we’ll dive into the necessary elements of the staff member compliance management model throughout the session we’ll explore real world difficulties real local guidelines finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to secure your company and workers while staying certified in an

Ever evolving regulative environment in the everchanging world of company and finance making sure compliance with payroll policies is not only essential however likewise a legal essential from the moment of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance risks that have far-reaching repercussions however with a deeper more nuanced understanding of their commitments organizations can not just navigate the detailed landscape but likewise proactively guarantee this 360 degree compliance the webinar is created to equip you with the understanding and tools necessary to browse the complex Surface of compliance whether you’re a skilled P specialist a small company owner or someone new to the field what I wish to do before we begin and I think it’s actually essential

In our quest to enhance efficiency and precision in handling our international labor force, our international corporation turned to, a leading and workforce management software application. The transition aimed to simplify the complex task of handling throughout various countries, currencies, and compliance regulations.

The Good:

Compliance Management:
One of the standout features of is its robust compliance management system. The software application instantly updates itself to stick to ever-evolving tax and labor laws throughout multiple jurisdictions. This has actually been important in making sure that our processes remain certified in each nation of operation.

is to state that the material here is illegal suggestions it is simply for your details please consult your legal group ought to you have any questions or issues in relation to anything that we have actually talked about today our secret take crucial takeaways by the end of the webinar will be an understanding of staff member compliance threats how to hire ly with confidence how to simplify data 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 employee record um to manage that worker life process throughout their Journey with you as as a staff member in addition to a payroll module we have to assist you pay those workers and compensate them and benefits Administration module that permits you to assist manage the benefits you provide to your staff members so really thrilled to be here represent um bamb booy container and discuss this topic um and I guess from my point of view I’ll I’ll most likely supply a lot of a concentrate on the United States side of things when we discuss kind of compliance so delighted to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to present yourself and tell the audience a bit about papay global yes absolutely thank you Ian hey there everybody I’m Gina dorelis I’m the Employment specialist supervisor.

at I handle the work Council in the US APAC EMA and Israel region I likewise serve as us Council for I’m accredited in New york city 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 labor force supplier to employees serving in over.

160 nations alright thank you so both I feel entirely underqualified sitting here with you both well I forgot to discuss as we were kind of like going through the intro so it’s really 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 wish to continue tell where you are that would be absolutely wonderful whilst we just wait on everyone else to sort of like participate there we go Chicago also well um so whil we’re doing that I’m awaiting everyone to type of join I’ll simply run us through the program um today we are going to go over hiring Talent brand-new greater Information Management termination compliance and automation wow the chat has got truly really busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is fantastic so uh I’m hoping that we’re in fact going to have some actually fantastic commentary and concerns throughout the uh the webinar too fine 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 a staff member and their information is Papaya Global Vietnam diverse without fail and an.

Ever progressing relationship that begins the minute a person joins a company it continues throughout their work and Beyond this journey can be divided into k to a number of essential phases whilst we’re actually you know that they’re employed with us so on boarding daily operations payment and benefits expert advancement then we get to the offboarding and even advocacy so it even takes place after the worker has actually left your employment throughout the journey organizations are responsible for collecting storing safeguarding staff member data in compliance with data privacy regulations no matter where it is you’re running all over the world it frequently involves implementing safe and secure information management systems and making sure rigorous adherence to regional requirements to secure both the staff member and the company the development of worker information and management c.