Papaya Globals Surabaya 2024 – All You Need To Know

A CFO’s Point of view on Papaya Globals Surabaya…

The platform enables companies to handle their international workforce and adhere to regional work guidelines and tax laws. Papaya Global provides a range of services, consisting of payroll management, advantages administration, compliance management, time and presence tracking, and HR management. The platform is designed to simplify the complexities of global payroll and supply real-time visibility and control over payroll operations. The company was founded in 2016 and is headquartered in Tel Aviv, Israel, with offices in New York, London, and Kiev.

In the dynamic landscape of global organization operations, handling payroll across borders can be a complex and tough task. As the Chief Financial Officer (CFO) of a global business, I understand the crucial significance of effective and certified payroll management. In our pursuit of excellence, we have actually accepted ingenious options to simplify our processes, and one such transformative tool is Software.

The Challenge of International Payroll:

Global expansion causes varied difficulties, and payroll management is no exception. Differing tax guidelines, varying employment laws, and numerous currencies make it vital for organizations to adopt sophisticated services to guarantee precision, compliance, and efficiency in payroll processing.

Software: A Comprehensive Solution:

workers so it’s really fundamental to ensure that you have actually thought about from the outset any post-termination limitations that you want to put into the agreement of work that they’re enforceable so that means you need to really think about what it is you’re wanting to secure and why plainly Define what’s consisted of within the scope of that secret information and address the duration of restriction post-determination that you wish to apply and be really able to to validate that in relation to intellectual property the position truly depends upon the type of copyright you’re aiming to secure and also the jurisdiction so for example from a copyright viewpoint in the Netherlands the end client is more likely to have the um copyright rights in a copyright that the workers produced who’s been under their supervision and control immediately however in someplace like Poland for example that automatic right may not exist and that task would need to flow through the chain uh contractually so it really depends upon the jurisdiction and the type of IP fine thank you Elizabeth Steve was staying on the topic of agreements Miss classified misclassifying staff members

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

Unified Worldwide Payroll Processing:
enables our business to procedure payroll flawlessly throughout several countries. The platform’s unified approach enables consistent payroll estimations, lowering errors and ensuring compliance with regional regulations. This has significantly mitigated the risks connected with global payroll processing.

also crucial for if in the future somebody states misclassification you have your file supported by the requisite files and that the ideal assessment tools to reveal somebody that you had a thoughtful process therefore 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 dealing with an individual 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 provides itself more to being an independent professional than an employee so for example accounting

I.T crafting the creatives these all provide themselves more to that assessment of being freelancer you understand also uh where are they doing it can they work from anywhere or do they have to be on site and managed once again another key element is the management and guidance of the uh employee and then lastly when is it a particular project is it a six-month job six years all of this is manageable however it needs to be documented and it has to be thoroughly um examined so we have a tool we call it ic2 we had an ic1 and we have actually improved it this year so that we can roll it out globally these tools take a questionnaire list for the worker the employee submits and fills these concerns out and so does the end client 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 exact same sensation about some of these concerns some think they’re more important than others and it brings out a red yellow or green red you’re probably a worker yellow you’re on the cusp we can probably assist you with that in regards to a few of the things you need to reinforce to make sure that you are considered that evaluation of uh independent professional or green where you were assessed as an as a independent professional once that examination is done all the requisite documents are beneath it so that if later there

Automated Compliance:
Navigating the complexities of global work laws and tax guidelines can be frustrating. Papaya Global’s automated compliance engine keeps our organization up-to-date with modifications in regulations throughout jurisdictions. This guarantees that our payroll procedures adhere to the most recent requirements, decreasing the threat of non-compliance and associated charges.

network of In-House outside consultants accounting firms and legal companies who help us keep our databases completely as much as date and we also get in touch with we need to when we see an unusual or or particularly complicated situations fine thanks Steve I can just see a fast question in the Q a window yes the session will be taped and sent to attendees afterwards um moving back to to the webinar itself Ray employer of record is regulated in a different way worldwide and the German law for example it’s classed as employee leasing can you shed any light on a few of the special considerations for countries and where the eor design isn’t managed yes Ian employee leasing or labor leasing as it’s likewise called which prevails in a number of countries especially in Europe imposes rigorous policies on products such as the length of assignment it also designates workers to collective bargaining agreements that gives them rights and benefits but even in the countries that don’t have those strict guidelines 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 country and all those regulations need to be abided by okay thank you Ray um Kathy moving I would state to yourself what do companies require to factor in when figuring out agreement status to secure themselves and the rights of hires what are the pros and cons of hiring professionals and Freelancers versus permanent workers so clearly the the benefit of specialists versus employees is the the versatility for both the worker and for the company um but I can’t worry enough how important it is to have a consistent thorough and a well-documented compliance

Performance

Papaya Globals Surabaya and Time Savings:

The software’s automation abilities have actually considerably reduced the time and effort needed for payroll processing. Manual data entry and repetitive tasks have actually been lessened, allowing our finance team to focus on strategic efforts instead of administrative concerns. This has actually resulted in increased effectiveness and productivity within our financial operations.

in one because each state has its own regulations Californians are a few of the most rigorous an example is pay slips on a payslip in California the ideal information has to be on the payslip in the right format and in the best position if you remain in breach of of policies for payslips the fines are provided per payslip so that’s each employee 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 or so hiring in one nation is tough enough however when hiring in a you know on a worldwide level it’s a completely various story you require to make sure that you depend on date with present as well as pending local labor laws Steve um how do you make sure and ensure that the people 2.0 group is on top of an ever-changing landscape and that your customers are fully supported and I’ll arrange this into 3 crucial things we perform in most importantly you require to have the ideal team so we work with a group of global experts in Work Practices um that ex that team of professionals includes attorneys it consists of payroll experts it includes HR experts and these are people that not just know the laws in these in these countries and regions however they also understand the languages they understand the regional practices they understand the cultures and it is very important to have that ideal team and truly have the group on the ground uh dealing 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 prompt financial information is crucial 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 way that it applies to employment law in practice can be tested through the judicial system by way of case law examples of that would be the acquired rights instruction otherwise called the 2p policies in the UK the working time guidelines which has had different hairs of that legislation evaluated particularly around holiday pay and naturally as Kathy’s going to come on to discuss later employment status which there’s been several precedence set throughout the years so I think it’s really that continuous advancement of the employment law landscape that you actually require to browse when when operating in Europe fine thank you Elizabeth Ray what about you from your individual experience while crossing the pond as mentioned each nation has different regulations but the United States is basically 50 countries

Scalability for Service Development:
One of the standout functions of Papaya Global is its scalability. As our business continues to grow and expand into new markets, the software application effortlessly accommodates modifications in our workforce and payroll requirements. This scalability makes sure that our payroll infrastructure can adapt to the evolving requirements of our international organization.

International Chief legal officer we’ve got Elizabeth Beal who is our chief legal officer for Amia and we have actually got Ray Look who is our senior vice president of customer service and I would state individually and collectively these three individuals have Years of experience in in work law and international Work Practices so thank you it’s a satisfaction to be with everyone 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 erase share head of Global Solutions at papaya Global tell 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 established Papaya’s network of in-country Partners in over 160 locations on an individual aspect and related to our subject today I have actually had the opportunity to transfer and operate in 3 different nations it is the business’s duty to guarantee my defense while living in a foreign nation compliance with local laws and regulations 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 value of local

proficiency when business Go International thank you and enjoy alright thank you as I stated let’s proceed to the pact program today’s webinar is a chance to ask the panel the concerns you have actually been considering we’ll go over the facts a business needs to think about when opening a brand-new entity and expanding into new nations as well as keeping things going we’ll cover elements such as regional guidelines considerations when hiring compliance essential obstacles payments and what not to do it’s one of the most crucial things remembering what not to do um operating on an international level is not for the faint-hearted the larger a company grows the more they require to understand and handle knowing what to do in each new scenario as it increases is very important on numerous levels comprehending regional guidelines and regional laws along with business practices assists mitigate Associated and global growth papaya through our regional experts can browse possible threats such as intellectual property protection information personal privacy security issues making sure the business’s operations stay compliant and safe and secure tax Social Security returns and remittances vary by nation

In conclusion, Papaya Global Software has actually proven to be an invaluable possession in our quest for effective and certified global payroll management. As the CFO of a global company, I am confident in recommending Papaya Global to companies looking for to streamline their payroll processes, enhance compliance, and achieve higher efficiency in handling their international workforce. The software’s ingenious functions and dedication to quality line up with our strategic objectives, making it an important part of our financial operations.

I discover time and time again the employees typically misclassified unwittingly they do not comprehend the conditions of employment or agreement and are informed by the client why it’s most advantageous primarily to the customer why you need to be employed or taken part in this style the worker may owe taxes and Social Security to the authorities the future pension and healthcare privileges of the worker can be impacted and several times it can be years before this all falls out and by that time it’s far too late years have passed they haven’t added to pensions Etc so it’s a big impact 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 against misclassification however generally premiums are just covering the cost of legal costs whilst the typical claim evaluated against companies relates to to 40 or 50 percent 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 small print it is not covering the taxes charge 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 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 Globals Surabaya …
The comprehensive features of come at an expense,

 

Over the past couple of years, the labor force has actually undergone a substantial change with the introduction of remote work, which has removed geographical restrictions on hiring. This has enabled companies to hire skill from all over the world, permitting them to assemble the best possible group for each function. As a result, employees have acquired higher flexibility to work from home and increase their profits without needing to relocate to costly areas or commute long distances. According to a 2022 survey, 87% of workers who have the option to work from another location select to do so. The COVID-19 pandemic, integrated with developments in business connection software application, has even more sped up the shift towards remote work, even in industries that were initially hesitant to embrace the pattern.

insights are important to us and and your fellow attendees so first things first though um let’s learn more about everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all sort of Industries retail and Charm to Aerospace in all kinds of companies startup to matrixed environments around the world I offered leadership and strategy to populations of more than 100,000 staff members on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

Worldwide I work throughout business guy maning and constructing external relationships supporting Business clients and services and acting as a consultant I want to present our 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 said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal team and in fact work very closely with our um HR department too to handle different legal and HR matters that show up so truly thrilled 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 professionals free to do great

Implementation Barriers:
Although Papaya Global offers combinations with different HR and financing systems, we came across some hurdles throughout the combination procedure. Personalizing the software to line up with our existing infrastructure proved to be more complex than prepared for, resulting in delays in the initial rollout.

Pricing Issues:
The extensive functions provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be excessively pricey. As a worldwide company, we had to thoroughly weigh the requirement for innovative functionality against spending plan constraints.

Support Action Time:
On occasion, our teams experienced problems that required urgent assistance. However, the reaction time from Papaya Global’s customer support team was not always as timely as we would have liked, leading to delays in resolving those issues.

Our execution of included a phased method. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This enabled us to identify and address integration difficulties early on. As the software application ended up being more implanted in our operations, we slowly expanded its use to cover our whole global workforce.

The automated functions streamlined our payroll processes, minimizing the time spent on manual calculations and compliance tracking. Regular training sessions and ongoing assistance from Papaya assisted our teams end up being skilled users of the software application, maximizing its potential for our organization.

Nevertheless, paying a workforce can be complicated. It is especially challenging for companies who utilize staff across several countries, as they need to constantly consolidate various data streams, by hand track local and national labor and policies, and invest valuable time and resources to establish regional entities in new areas. These companies are confronted with suboptimal, pricey choices, like opening a foreign subsidiary or hiring a professional employment organization, which is a regional company that works with staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble hiring qualified personnel, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.

provides a solution supporting all kinds of employment. It provides an end-to-end platform, from worker onboarding and ongoing management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they run, uses management of work benefits, and guarantees information 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 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 make certain to participate in the total webcast in order to get 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 make certain 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 discussion hey there and thank you for joining us today we’re thrilled to have you here as we start a journey of information to policy achieving

360 degree employee compliance where we’ll dive into the essential aspects of the staff member compliance management design throughout the session we’ll explore real world obstacles genuine regional guidelines best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to protect your company and employees while staying certified in an

Ever developing regulative environment in the everchanging world of company and financing guaranteeing compliance with payroll regulations is not only essential but likewise a legal necessary from the moment 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 consequences nevertheless with a much deeper more nuanced understanding of their responsibilities companies can not only navigate the elaborate landscape however also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the knowledge and tools essential 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 start and I think it’s actually important

In our mission to enhance effectiveness and accuracy in handling our international workforce, our international corporation turned to, a leading and workforce management software. The transition intended to simplify the complex task of managing across different nations, currencies, and compliance regulations.

The Great:

Compliance Management:
One of the standout functions of is its robust compliance management system. The software application automatically updates itself to abide by ever-evolving tax and labor laws across several jurisdictions. This has been invaluable in guaranteeing that our processes remain certified in each country of operation.

is to state that the content here is not legal advice it is merely for your details please consult your legal team should you have any questions 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 risks how to hire ly with self-confidence how to streamline data management and automation so let’s take ourselves a moment to familiarize ourselves with the webinar platform once again as we’ve.

work as your hris or is kind of your core employee record um to handle that employee life cycle throughout their Journey with you as as a worker in addition to a payroll module we need to assist you pay those staff members and compensate them and benefits Administration module that enables you to help manage the benefits you supply to your staff members so truly thrilled to be here represent um bamb booy jar and discuss this subject um and I guess from my viewpoint I’ll I’ll probably provide a great deal of a concentrate on the United States side of things when we speak about type of compliance so delighted to be here thanks for having me Ian alright thanks Greg um Gina over to you would you like to present yourself and tell the audience a little bit about papay worldwide yes absolutely thank you Ian hello everybody I’m Gina dorelis I’m the Work specialist supervisor.

at I manage the employment Council in the United States APAC EMA and Israel region I likewise act as us Council for I’m accredited in New York and New Jersey um we ensure compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and labor force management as a Service work force service provider 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 point out as we were kind of like going through the introduction so it’s truly really great to actually see in the webinar chat where everyone’s actually attending from today I can see that we have people in Las Vegas and Indiana currently so if you want to continue tell where you are that would be definitely wonderful whilst we just wait on everyone else to sort of like participate in there we go Chicago too well um so whil we’re doing that I’m waiting on everyone to kind of join I’ll simply run us through the agenda um today we are going to go over hiring Skill brand-new greater Info Management termination compliance and automation wow the chat has actually got actually really hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from definitely everywhere which is great so uh I’m hoping that we’re in fact going to have some really terrific commentary and concerns throughout the uh the webinar too okay so that’s the program then what I want to Now cover is the the compliance and the Privacy side of things so the the Journey of a staff member and their information is Papaya Globals Surabaya multifaceted without fail and an.

Ever progressing relationship that starts the minute an individual signs up with a company it continues throughout their work and Beyond this journey can be divided into k to a number of key phases whilst we’re actually you know that they’re used with us so on boarding everyday operations payment and advantages expert development then we get to the offboarding and even advocacy so it even occurs after the employee has left your employment throughout the journey organizations are responsible for collecting storing securing worker data in compliance with data personal privacy regulations no matter where it is you’re running around the world it frequently involves executing secure data management systems and guaranteeing stringent adherence to regional requirements to safeguard both the staff member and the company the development of employee information and management c.