Papaya Global Courses Videos 2024 – All You Need To Know

A CFO’s Perspective on Papaya Global Courses Videos…

The platform allows business to manage their international workforce and adhere to local work regulations and tax laws. Papaya Global provides a series of services, including payroll management, advantages administration, compliance management, time and attendance tracking, and HR management. The platform is created to simplify the complexities of worldwide 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 city, London, and Kiev.

https://www.youtube.com/watch?v=Bd5tXoxHSD4&pp=ygUOcGFwYXlhIGdsb2JhbCA%3D

In the vibrant landscape of global business operations, handling payroll throughout borders can be a complex and difficult job. As the Chief Financial Officer (CFO) of an international business, I understand the crucial significance of efficient and certified payroll management. In our pursuit of excellence, we have welcomed ingenious services to streamline our procedures, and one such transformative tool is Software application.

The Obstacle of International Payroll:

Global growth produces diverse challenges, and payroll management is no exception. Differing tax policies, varying employment laws, and several currencies make it necessary for companies to adopt advanced solutions to ensure precision, compliance, and effectiveness in payroll processing.

Software: A Comprehensive Service:

staff members so it’s truly essential to guarantee that you’ve thought about from the beginning any post-termination restrictions that you want to take into the agreement 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 Define what’s included within the scope of that secret information and address the duration of limitation post-determination that you want to use and be actually able to to validate that in relation to intellectual property the position really depends on the kind of copyright you’re seeking to secure and also the jurisdiction so for instance from a copyright perspective in the Netherlands completion customer is more likely to have the um copyright rights in a copyright that the employees produced who’s been under their supervision and control automatically however in someplace like Poland for instance that automated right may not exist which assignment would need to stream through the chain uh contractually so it truly depends upon the jurisdiction and the type of IP all right thank you Elizabeth Steve was staying on the subject of contracts Miss categorized misclassifying workers

Papaya Global Software has emerged as a game-changer in the world 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 actually seen firsthand the positive effect of on our company’s financial operations.

Unified Worldwide Payroll Processing:
allows our company to process payroll effortlessly throughout numerous countries. The platform’s unified approach allows for consistent payroll computations, reducing mistakes and guaranteeing compliance with local guidelines. This has actually significantly alleviated the dangers associated with global payroll processing.

also essential for if later somebody states misclassification you have your file supported by the requisite documents and that the right examination tools to reveal somebody that you had a thoughtful process and so what do you need to consist of in that process it’s the who the what the where and the when who are you handling are you dealing with a specific or are you handling a personal Service Corporation and how are they operating what are they doing is it the type of work that provides itself more to being an independent specialist than a staff member so for example accounting

I.T crafting the creatives these all lend 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 website and managed again another key factor is the management and guidance of the uh worker and then finally when is it a particular job is it a six-month task six years all of this is manageable but 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 enhanced it this year so that we can roll it out worldwide these tools take a questionnaire list for the worker the employee completes and fills these questions out therefore does completion customer or the recipient of the services they both put their info into the tool and then it does an evaluation waiting the different questions because not every jurisdiction has the very same feeling about a few of these concerns some think they’re more vital than others and it brings out a red yellow or green red you’re most likely a worker yellow you’re on the cusp we can probably assist you with that in regards to a few of the important things you require to bolster to make sure that you are given that evaluation of uh independent professional or green where you were assessed as an as a independent specialist once that assessment is done all the requisite documents are underneath it so that if later there

Automated Compliance:
Navigating the intricacies of international employment laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company current with changes in policies across jurisdictions. This makes sure that our payroll processes stick to the current standards, minimizing the threat of non-compliance and associated penalties.

network of In-House outside consultants accounting companies and legal firms who assist us keep our databases completely up to date and we likewise get in touch with we require to when we see an uncommon or or especially complex situations fine thanks Steve I can simply see a fast question in the Q a window yes the session will be recorded and sent to participants later on um returning to to the webinar itself Ray employer of record is managed differently around the world and the German law for instance it’s classified as worker leasing can you shed any light on a few 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 likewise called which prevails in several nations particularly in Europe enforces strict guidelines on items such as the length of project it also assigns workers to collective bargaining agreements that gives them rights and benefits but even in the countries that do not have those strict policies 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 workers because nation and all those guidelines require to be followed all right thank you Ray um Kathy moving I would say to yourself what do business require to consider when identifying contract status to protect themselves and the rights of hires what are the advantages and disadvantages of hiring contractors and Freelancers versus long-term staff members so clearly the the advantage of contractors versus employees is the the flexibility for both the employee and for the company um however I can’t stress enough how important it is to have a consistent extensive and a well-documented compliance

Performance

Papaya Global Courses Videos and Time Savings:

The software application’s automation capabilities have actually significantly minimized the time and effort required for payroll processing. Handbook information entry and repeated tasks have been minimized, permitting our financing group to focus on tactical initiatives instead of administrative burdens. This has actually resulted in increased effectiveness and efficiency within our financial operations.

in one considering that each state has its own policies Californians are some of the most stringent an example is pay slips on a payslip in California the best information has to be on the payslip in the best format and in the best position if you remain in breach of of guidelines for payslips the fines are provided per payslip so that’s each staff member each pay slip will incur a great thanks Ray thank you Elizabeth a lot to stress to consider and we’re just two concerns in and 10 minutes or so employing in one country is tough enough however when working with in a you know on a worldwide level it’s a completely different story you need to make sure that you’re up to date with existing in addition to pending local labor laws Steve um how do you ensure and make sure that the people 2.0 team is on top of an ever-changing landscape and that your clients are fully supported and I’ll arrange this into 3 key things we do in most importantly you need to have the ideal team so we work with a team of global experts in Work Practices um that ex that group of experts consists of legal representatives it consists of payroll experts it consists of HR professionals and these are people that not only know the laws in these in these countries and areas but they also understand the languages they understand the local practices they know the cultures and it is necessary to have that best group and truly have the group on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global supplies thorough real-time analytics and reporting tools. As a CFO, having access to accurate and timely financial information is essential for decision-making. The platform’s reporting capabilities empower me to make educated strategic decisions based on real-time insights into our global payroll information.

The practical application and degree of the application to employment law can be evaluated through the legal system using case law examples. For instance, the acquired rights regulation, likewise called the 2p policies in the UK, and the working time policies have actually been subject to numerous legal analyses, particularly concerning vacation pay. Additionally, the concept of employment status has seen numerous legal precedents over the

Scalability for Service Development:
Among the standout features of Papaya Global is its scalability. As our business continues to grow and expand into brand-new markets, the software perfectly accommodates modifications in our labor force and payroll requirements. This scalability guarantees that our payroll facilities can adapt to the developing requirements 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 client services and I would say individually and jointly these 3 people have Years of experience in in work law and worldwide Employment Practices so thank you it’s a pleasure to be with everybody here today sounds like we’ve 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 Provider at papaya International inform us about yourself thank you Elin Ian hello my name is Elite I have actually been with the company for around four and a half years as head of Partnerships I have 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 chance to transfer and work in 3 various countries it is the business’s responsibility to ensure my security while residing in a foreign country compliance with local laws and policies is vital for me or anybody else as an expat or as a regional so today we have actually invited our relied on Partners individuals 2.0 to demonstrate the importance of regional

competence when companies Go Global thank you and delight in fine 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’ve been considering we’ll talk about the realities a business requires to consider when opening a new entity and expanding into brand-new nations as well as keeping things going we’ll cover elements such as regional guidelines considerations when hiring compliance crucial difficulties payments and what not to do it’s one of the most crucial things remembering what not to do um operating on a global level is not for the faint-hearted the larger a business grows the more they require to understand and manage knowing what to do in each new circumstance as it rises is essential on numerous levels understanding regional guidelines and local laws along with company practices helps mitigate Associated and global growth papaya through our regional experts can browse prospective threats such as intellectual property security data privacy security concerns ensuring the business’s operations stay compliant and safe and secure tax Social Security returns and remittances differ by country

In conclusion, Papaya Global Software application has actually proven to be an important possession in our quest for effective and certified global payroll management. As the CFO of an international business, I am confident in recommending Papaya Global to companies seeking to enhance their payroll procedures, boost compliance, and attain higher effectiveness in managing their worldwide workforce. The software’s ingenious features and commitment to excellence align with our strategic goals, making it an integral 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 revealed settlements there’s also substantial legal expenses there’s there’s other penalties there’s other expenses behind that as well so the total expense can be extremely significant in the 10s of countless dollars or more and and those quantities are growing uh the reason why business are getting it so wrong is truly just the guidelines are complex and they’re altering all the time believe ir-35 in the UK which has been a continuous advancement for several years now and and still a lot of unpredictability among companies on what it truly indicates and how you deal with it most companies are just 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 classification perspective all right 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 Courses Videos particularly when it comes to their own tax liabilities social security and benefits for example jury and obviously the workers the other side of the coin

I find time and time again the employees typically misclassified unwittingly they don’t comprehend the conditions of work or agreement and are informed by the client why it’s most advantageous generally to the client why you need to be used or taken part in this style the worker may owe taxes and Social Security to the authorities the future pension and health care privileges of the employee can be impacted and a number of times it can be years before this all falls out and by that time it’s far too late years have passed they have not contributed to pensions Etc so it’s a huge 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 10 years um Kathy business are taking out insurance coverage versus misclassification but usually premiums are only covering the cost of legal costs whilst the typical claim assessed against employers equates to to 40 or 50 percent of the base pay of worker is there any point in taking out insurance 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 haven’t seen it at least so uh the the other area that I do believe 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 rejected coverage on the basis of the reality that you were not in compliance with laws um in the UK

 

 

Cost Considerations and Papaya Global Courses Videos …
The detailed functions of come at an expense,

 

Over the past few decades, the workforce has actually undergone a substantial change with the introduction of remote work, which has eliminated geographical restraints on hiring. This has actually enabled businesses to recruit talent from all over the world, permitting them to assemble the very best possible team for each role. As a result, staff members have acquired greater flexibility to work from home and increase their profits without needing to relocate to pricey areas or commute cross countries. According to a 2022 study, 87% of staff members who have the alternative to work from another location choose to do so. The COVID-19 pandemic, integrated with improvements in enterprise connectivity software, has actually even more sped up the shift towards remote work, even in industries that were initially hesitant to embrace the pattern.

insights are valuable to us and and your fellow participants so first things first though um let’s learn more about everyone 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 Appeal to Aerospace in all types of services startup to matrixed environments across the globe I supplied leadership and technique to populations of more than 100,000 workers on a month-to-month basis and in over 170 nations today I’m the perel strategist for papaya

Global I work across the business man maning and constructing external relationships supporting Business clients and services and functioning as a consultant I wish to present our very first Greg um guest Greg who will kick things off by telling us um who he is and a 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 in-house legal group and really work really closely with our um HR department also to deal with different legal and HR matters that show up so really delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we say our objective is to set you as HR experts free to do excellent

Execution Challenges:
Although Papaya Global supplies combinations with various HR and finance systems, we came across some obstacles throughout the combination process. Personalizing the software to align with our existing infrastructure proved to be more intricate than prepared for, leading to delays in the preliminary rollout.

Rates Concerns:
The substantial functions provided by Papaya Global come at an expense, which some of our smaller subsidiaries found to be excessively costly. As a global company, we needed to carefully weigh the need for innovative functionality against budget restrictions.

Assistance Response Time:
On occasion, our groups experienced concerns that needed urgent help. Nevertheless, the action time from Papaya Global’s customer support group was not constantly as prompt as we would have liked, resulting in hold-ups in fixing those problems.

Our implementation of included a phased technique. We started by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing procedures. This enabled us to determine and resolve integration difficulties early on. As the software application became more ingrained in our operations, we slowly broadened its use to cover our entire worldwide labor force.

The automated functions streamlined our payroll procedures, reducing the time invested in manual computations and compliance tracking. Routine training sessions and continuous support from Papaya helped our groups end up being competent users of the software, optimizing its capacity for our organization.

Business that employee workers across several nations frequently face complex obstacles when it concerns managing their workforce. Among the most significant difficulties is combining various information streams and adhering to diverse local and national labor regulations, which can be both time-consuming and costly. Moreover, establishing regional entities in new regions can be a costly and suboptimal alternative, with alternatives such as opening a foreign subsidiary or working with a professional work company (PEO) typically charging up to 15% of the payroll. These difficulties have actually led to a considerable boost in problem hiring certified workers, with 75% of employers reporting this concern in 2022, a 21% increase from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

offers an option supporting all types of employment. It offers an end-to-end platform, from employee onboarding and continuous management to worldwide payments and. It helps business with labor law compliance in the jurisdictions in which they run, provides management of work benefits, and ensures data privacy in compliance with GDPR.

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

papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to participate in the complete webcast in order to get 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 browser with the webcast study please make sure to complete it as quickly as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hello and thank you for joining us today we’re thrilled to have you here as we embark on a journey of data to guideline accomplishing

360 degree staff member compliance where we’ll dive into the essential aspects of the worker compliance management design throughout the session we’ll check out real life difficulties genuine local guidelines best practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your organization and employees while remaining certified in an

Ever evolving regulative environment in the everchanging world of service and financing guaranteeing compliance with payroll policies is not only crucial but also a legal imperative 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 dangers that have significant effects however with a much deeper more nuanced understanding of their commitments organizations can not only browse the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools needed to browse the complex Surface of compliance whether you’re an experienced P specialist a small company owner or somebody brand-new to the field what I want to do before we start and I think it’s actually important

In our mission to improve efficiency and precision in handling our global workforce, our multinational corporation turned to, a leading and labor force management software application. The shift intended to simplify the complex task of handling throughout numerous countries, currencies, and compliance regulations.

The Great:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software instantly updates itself to comply with ever-evolving tax and labor laws across several jurisdictions. This has actually been invaluable in ensuring that our processes remain certified in each country of operation.

is to state that the material here is illegal advice it is simply for your information please consult your legal group must you have any concerns or concerns in relation to anything that we have actually gone over today our secret take key takeaways by the end of the webinar will be an understanding of staff member compliance risks how to employ ly with confidence how to simplify data management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we have actually.

work as your hris or is kind of your core worker record um to handle that staff member life cycle throughout their Journey with you as as a worker in addition to a payroll module we have to help you pay those workers and compensate them and benefits Administration module that enables you to assist handle the benefits you provide to your staff members so truly thrilled to be here represent um bamb booy container and speak about this subject um and I think from my perspective I’ll I’ll most likely offer a lot of a focus on the United States side of things when we discuss kind of compliance so delighted to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to present yourself and tell the audience a bit about papay worldwide yes definitely thank you Ian hey there everybody I’m Gina dorelis I’m the Work specialist manager.

at I handle the work Council in the United States APAC EMA and Israel area I also serve as us Council for I’m accredited in New York and New Jersey um we make sure compliance onboarding and offboarding of workers with regard to papaya we supply payroll payments and workforce management as a Service work force supplier to workers serving in over.

160 nations fine thank you so both I feel completely underqualified sitting here with you both well I forgot to mention as we were kind of like going through the intro so it’s actually actually nice to really see in the webinar chat where everyone’s really attending from today I can see that we have individuals in Las Vegas and Indiana currently so if you wish to continue inform where you are that would be absolutely great whilst we just wait on everybody else to sort of like participate in there we go Chicago too well um so whil we’re doing that I’m awaiting everybody to type of join I’ll simply run us through the agenda um today we are going to talk about hiring Talent new greater Info Management termination compliance and automation wow the chat has actually got really actually hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from definitely all over which is great so uh I’m hoping that we’re actually going to have some actually excellent commentary and concerns throughout the uh the webinar too fine 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 Courses Videos multifaceted without fail and an.

Ever developing relationship that starts the moment a person joins a company it continues throughout their work and Beyond this journey can be divided into k to numerous key stages whilst we’re really you understand that they’re utilized with us so on boarding everyday operations settlement and advantages professional advancement then we get to the offboarding and even advocacy so it even occurs after the worker has actually left your employment throughout the journey organizations are responsible for gathering saving safeguarding employee information in compliance with data personal privacy policies no matter where it is you’re running all over the world it typically involves implementing safe data management systems and guaranteeing strict adherence to regional requirements to safeguard both the worker and the organization the advancement of employee information and management c.