A CFO’s Point of view on Papaya Global Customer Care…
Papaya Global’s platform streamlines international labor force management for companies, guaranteeing compliance with regional guidelines and tax laws. Their services incorporate payroll processing, advantages administration, compliance oversight, time and participation tracking, and HR support. The platform centralizes worldwide payroll operations, providing businesses with real-time insights and control. Founded in 2016, Papaya Global has broadened to Tel Aviv, New York, London, and Kiev.
In the vibrant landscape of worldwide service operations, managing payroll throughout borders can be a complex and challenging task. As the Chief Financial Officer (CFO) of a global company, I understand the crucial importance of effective and compliant payroll management. In our pursuit of quality, we have actually accepted ingenious services to streamline our procedures, and one such transformative tool is Software.
The Obstacle of Global Payroll:
Worldwide expansion causes varied obstacles, and payroll management is no exception. Differing tax guidelines, differing work laws, and several currencies make it important for companies to embrace sophisticated solutions to make sure precision, compliance, and performance in payroll processing.
Software application: A Comprehensive Service:
employees so it’s actually fundamental to make sure that you’ve thought about from the start any post-termination restrictions that you want to put into the contract of work that they’re enforceable so that indicates you need to truly consider what it is you’re wanting to protect and why plainly Specify what’s consisted of within the scope of that secret information and resolve the period of limitation post-determination that you want to use and be really able to to validate that in relation to intellectual property the position really depends upon the kind of copyright you’re seeking to protect and likewise the jurisdiction so for instance from a copyright viewpoint in the Netherlands completion client is most likely to have the um intellectual property rights in a copyright that the workers produced who’s been under their guidance and control automatically nevertheless in someplace like Poland for example that automated right might not exist and that project would require to stream 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 categorized misclassifying workers
Papaya Global Software application has actually become a game-changer in the realm of international payroll management. Its cloud-based platform incorporates payroll, workforce management, and employee benefits into a single, easy to use user interface. As the CFO, I have actually experienced firsthand the favorable effect of on our company’s financial operations.
Unified International Payroll Processing:
allows our company to process payroll perfectly throughout several nations. The platform’s unified method allows for constant payroll computations, reducing mistakes and making sure compliance with local regulations. This has actually substantially mitigated the threats related to worldwide payroll processing.
also essential for if in the future someone says misclassification you have your file supported by the requisite documents and that the right assessment tools to reveal someone that you had a thoughtful process therefore what do you have to consist of in that procedure 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 an individual 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 contractor than an employee so for instance accounting
I.T engineering the creatives these all provide themselves more to that examination of being freelancer you know also uh where are they doing it can they work from anywhere or do they have to be on website and handled again another crucial factor is the management and guidance of the uh employee and after that lastly when is it a particular project is it a six-month task six years all of this is manageable however it needs to be recorded and it has to be completely um investigated 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 internationally these tools take a survey list for the employee the employee submits and fills these concerns out and so does the end customer or the recipient of the services they both put their details into the tool and after that it does an examination waiting the different questions due to the fact that not every jurisdiction has the very same sensation about a few of these questions some think they’re more vital than others and it comes out with a red yellow or green red you’re probably a worker yellow you’re on the cusp we can probably assist you with that in regards to some of the important things you need to boost to ensure that you are given that assessment of uh independent professional or green where you were evaluated as an as a independent professional once that examination is done all the requisite files are beneath it so that if later on there
Navigating the complexities of worldwide work laws and tax guidelines can be overwhelming. Papaya Global’s automated compliance engine keeps our organization updated with changes in guidelines across jurisdictions. This makes sure that our payroll procedures adhere to the current standards, decreasing the threat of non-compliance and associated charges.
network of In-House outside consultants accounting firms and legal firms who help us keep our databases totally approximately date and we likewise contact we need to when we see an unusual or or particularly complex circumstances okay thanks Steve I can just see a quick concern in the Q a window yes the session will be taped and sent to participants afterwards um moving back to to the webinar itself Ray employer of record is regulated differently all over the world and the German law for example it’s classified as staff member leasing can you shed any light on a few of the unique considerations for countries and where the eor design isn’t managed yes Ian worker leasing or labor leasing as it’s likewise called which prevails in several nations specifically in Europe enforces strict regulations on products such as the length of assignment it also designates workers to collective bargaining arrangements that provides rights and advantages but even in the nations that do not have those strict policies for instance the UK Canada and the nordics there are regulations for each nation and each worker is treated the like all the other employees because country and all those guidelines require to be abided by all right thank you Ray um Kathy moving I would say to yourself what do companies require to consider when figuring out agreement status to protect themselves and the rights of hires what are the benefits and drawbacks of working with contractors and Freelancers versus irreversible staff members so undoubtedly the the benefit of contractors versus employees is the the versatility for both the worker and for the employer um but I can’t worry enough how crucial it is to have a consistent comprehensive and a well-documented compliance
Papaya Global Customer Care and Time Savings:
The software’s automation abilities have actually substantially minimized the time and effort needed for payroll processing. Manual information entry and repetitive tasks have been decreased, allowing our financing group to concentrate on tactical initiatives rather than administrative burdens. This has resulted in increased efficiency and performance within our monetary operations.
in one since each state has its own guidelines Californians are a few of the most stringent an example is pay slips on a payslip in California the ideal details has to be on the payslip in the best format and in the right position if you’re in breach of of regulations for payslips the fines are issued per payslip so that’s each employee each pay slip will sustain a great thanks Ray thank you Elizabeth a lot to fret to consider and we’re only two questions in and 10 minutes approximately working with in one nation is tough enough however when hiring in a you know on a global level it’s a completely different story you require to ensure that you’re up to date with current along with pending local labor laws Steve um how do you make sure and make sure that individuals 2.0 team is on top of an ever-changing landscape and that your clients are fully supported and I’ll organize this into three key things we carry out in primarily you need to have the ideal group so we employ a group of global experts in Employment Practices um that ex that team of professionals includes lawyers it includes payroll specialists it includes HR specialists and these are individuals that not just understand the laws in these in these countries and areas however they also understand the languages they know the local practices they know the cultures and it’s important 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 detailed real-time analytics and reporting tools. As a CFO, having access to accurate and timely monetary information is crucial for decision-making. The platform’s reporting capabilities empower me to make educated tactical choices based upon real-time insights into our worldwide payroll data.
application and its scope and the way that 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 acquired rights regulation otherwise referred to as the 2p regulations in the UK the working time regulations which has had numerous hairs of that legislation tested particularly around holiday pay and naturally as Kathy’s going to come on to speak about later on work status which there’s been multiple precedence set for many years so I think it’s really that continuous advancement of the work law landscape that you really require to browse when when working in Europe okay thank you Elizabeth Ray what about you from your individual experience while crossing the pond as mentioned each country has different policies however the United States is essentially 50 countries
Scalability for Company Growth:
One of the standout features of Papaya Global is its scalability. As our company continues to grow and broaden into brand-new markets, the software application flawlessly accommodates changes in our labor force and payroll requirements. This scalability ensures that our payroll infrastructure can adapt to the developing needs of our international company.
Global Chief legal officer we’ve got Elizabeth Beal who is our chief legal officer for Amia and we’ve got Ray Gander who is our senior vice president of client services and I would say individually and jointly these 3 individuals have Years of experience in in work law and worldwide Work Practices so thank you it’s a satisfaction to be with everybody here today seems like we have actually got the right people with us today and in in addition to to those well we also have among our own Stars delete share head of Global Solutions at papaya International tell us about yourself thank you Elin Ian hey there 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 locations on a personal element and related to our subject today I have actually had the opportunity to transfer and work in three various countries it is the business’s obligation to ensure my defense while living in a foreign country compliance with local laws and regulations is vital for me or anybody else as an expat or as a regional so today we have actually invited our trusted Partners individuals 2.0 to demonstrate the significance of regional
proficiency when business Go Worldwide thank you and take pleasure in okay thank you as I said let’s carry on to the pact agenda today’s webinar is an opportunity to ask the panel the questions you have actually been considering we’ll discuss the truths a business needs to consider when opening a new entity and expanding into new countries in addition to keeping things going we’ll cover aspects such as regional guidelines considerations when working with compliance crucial obstacles payments and what not to do it is among the most important 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 comprehend and handle knowing what to do in each brand-new circumstance as it increases is necessary on many levels comprehending local policies and local laws as well as service practices helps mitigate Associated and global expansion papaya through our local experts can navigate prospective threats such as intellectual property protection data personal privacy security problems guaranteeing the business’s operations remain certified and protected tax Social Security returns and remittances vary by nation
In conclusion, Papaya Global Software application has actually proven to be an invaluable asset in our mission for effective and certified international payroll management. As the CFO of a global business, I am positive in suggesting Papaya Global to organizations looking for to streamline their payroll procedures, improve compliance, and attain higher effectiveness in managing their global workforce. The software’s innovative features and dedication to excellence align with our tactical objectives, making it an important part of our monetary operations.
I discover time and time again the workers typically misclassified unwittingly they don’t understand the conditions of employment or contract and are informed by the client why it’s most advantageous mainly to the client why you ought to be utilized or participated in this fashion the worker may owe taxes and Social Security to the authorities the future pension and healthcare privileges 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 actually gone by they haven’t contributed to pensions And so on so it’s a huge effect that they never knew they were strolling into you couldn’t agree with you more if you state the UK for example hmrc can go back as much as ten years um Kathy companies are securing insurance coverage versus misclassification however typically premiums are just covering the cost of legal charges whilst the typical claim evaluated against companies corresponds to to 40 or half of the base salary 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 small print it is not covering the taxes penalty and interest in most cases I have not seen it at least so uh the the other location that I do think if you managed to get the protection what we are saying is is that if your compliance program is not up to pack you could be rejected coverage on the basis of the fact that you were not in compliance with laws um in the UK
Expense Factors to consider and Papaya Global Customer Care …
The extensive features of come at a cost,
Over the past few decades, the workforce has undergone a considerable change with the development of remote work, which has actually eliminated geographical restraints on hiring. This has enabled companies to recruit talent from all over the world, permitting them to assemble the best possible group for each function. As a result, staff members have actually gained higher versatility to work from home and increase their profits without having to relocate to costly locations or commute cross countries. According to a 2022 study, 87% of workers who have the choice to work remotely pick to do so. The COVID-19 pandemic, combined with developments in business connectivity software application, has actually further accelerated the shift towards remote work, even in industries that were initially hesitant to embrace the trend.
insights are important to us and and your fellow participants 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 roles in all sort of Industries retail and Beauty to Aerospace in all kinds of organizations startup to matrixed environments around the world I provided management and strategy to populations of more than 100,000 staff members on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya
International I work throughout business male maning and developing external relationships supporting Business clients and services and functioning as an advisor I want to present our first Greg um visitor Greg who will kick things off by informing us um who he is and a 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 corporate counsil at bambo HR so I lead our internal legal team and in fact work extremely carefully with our um HR department as well to deal with numerous legal and HR matters that show up so actually 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 professionals complimentary to do great
While Papaya Global deals integrations with various HR and financing systems, the implementation process was not without difficulties. Integrating the software application with our existing infrastructure needed additional personalization, leading to some delays in the initial rollout.
Paying FAQs Papaya Global Customer Care 2024
and some smaller subsidiaries within our company discovered the rates to be on the greater side. As a global business, stabilizing the requirement for innovative functions with budget restrictions ended up being a delicate exercise.
Consumer Support Action Time:
There were circumstances where our groups faced issues that required timely assistance. However, the action time from’s consumer assistance team was not always as fast as desired, causing occasional delays in concern resolution.
Our application of involved a phased approach. We began by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing procedures. This permitted us to determine and deal with integration difficulties early on. As the software ended up being more ingrained in our operations, we gradually broadened its usage to cover our entire international labor force.
The automated functions streamlined our payroll processes, minimizing the time spent on manual computations and compliance tracking. Regular training sessions and ongoing assistance from Papaya assisted our teams end up being competent users of the software, maximizing its capacity for our organization.
Business that employee workers throughout numerous nations frequently face complex difficulties when it comes to handling their workforce. Among the most significant obstacles is combining various information streams and sticking to varied regional and nationwide labor policies, which can be both lengthy and costly. Additionally, setting up regional entities in brand-new regions can be a costly and suboptimal option, with alternatives such as opening a foreign subsidiary or employing an expert work organization (PEO) frequently charging up to 15% of the payroll. These obstacles have led to a significant boost in trouble hiring qualified workers, with 75% of companies reporting this concern in 2022, a 21% increase from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
uses a solution supporting all types of work. It supplies an end-to-end platform, from employee onboarding and ongoing management to worldwide payments and. It assists business with labor law compliance in the jurisdictions in which they operate, uses management of employment advantages, and ensures 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 space in international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to attend the complete webcast in order to receive your credits if you have any questions throughout the webcast please click 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 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 presentation hey there and thank you for joining us today we’re enjoyed have you here as we start a journey of information to policy attaining
360 degree staff member compliance where we’ll dive into the necessary elements of the employee compliance management design throughout the session we’ll explore real life challenges genuine local regulations finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your organization and workers while remaining certified in an
Ever progressing regulative environment in the everchanging world of company and financing making sure compliance with payroll guidelines is not just important but also a legal necessary from the minute of employing 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 companies can not just browse the complex landscape however also proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools essential to navigate the complex Surface of compliance whether you’re a skilled P professional a small company owner or someone brand-new to the field what I wish to do before we start and I think it’s truly important
In our quest to boost efficiency and precision in handling our global workforce, our international corporation turned to, a leading and workforce management software. The shift intended to streamline the complex task of handling across numerous nations, currencies, and compliance guidelines.
One of the standout features of is its robust compliance management system. The software application immediately updates itself to abide by ever-evolving tax and labor laws across several jurisdictions. This has actually been vital in ensuring that our procedures stay compliant in each nation of operation.
is to state that the material here is illegal advice it is merely for your details please consult your legal group should you have any questions 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 worker compliance risks how to work with ly with self-confidence how to streamline information 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 sort of your core worker record um to handle that worker life cycle throughout their Journey with you as as a worker in addition to a payroll module we have to assist you pay those employees and compensate them and advantages Administration module that enables you to help handle the benefits you offer to your staff members so truly excited to be here represent um bamb booy container and talk about this subject um and I guess from my viewpoint I’ll I’ll most likely supply 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 okay thanks Greg um Gina over to you would you like to present yourself and inform the audience a little bit about papay global yes definitely thank you Ian hi everyone I’m Gina dorelis I’m the Work professional manager.
at I manage the employment Council in the United States APAC EMA and Israel region I likewise act 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 labor force supplier to employees serving in over.
160 countries alright thank you so both I feel entirely 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 really see in the webinar chat where everyone’s really attending from today I can see that we have people in Las Vegas and Indiana already so if you wish to continue inform where you are that would be definitely great whilst we just await everyone else to sort of like participate in there we go Chicago as well well um so whil we’re doing that I’m waiting on everybody to type of join I’ll just run us through the program um today we are going to go over working with Skill new greater Details Management termination compliance and automation wow the chat has actually got truly actually hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is wonderful so uh I’m hoping that we’re really going to have some actually fantastic 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 information is Papaya Global Customer Care multifaceted without fail and an.
Ever developing relationship that starts the moment a person joins a company it continues throughout their employment and Beyond this journey can be divided into k to numerous key stages whilst we’re in fact you understand that they’re utilized with us so on boarding daily operations payment and benefits professional development then we get to the offboarding and even advocacy so it even happens after the staff member has left your employment throughout the journey companies are accountable for collecting keeping protecting employee information in compliance with data personal privacy regulations no matter where it is you’re operating all over the world it often involves implementing protected data management systems and guaranteeing stringent adherence to local requirements to protect both the worker and the organization the development of worker data and management c.