A CFO’s Viewpoint on Papaya Global Customer Reviews…
The platform allows business to manage their international labor force and adhere to regional work regulations and tax laws. Papaya Global provides a variety of services, including payroll management, benefits administration, compliance management, time and presence tracking, and HR management. The platform is designed to streamline the intricacies of international payroll and supply real-time exposure and control over payroll operations. The company was founded in 2016 and is headquartered in Tel Aviv, Israel, with workplaces in New york city, London, and Kiev.
In the dynamic landscape of international business operations, managing payroll throughout borders can be a complex and tough task. As the Chief Financial Officer (CFO) of an international company, I comprehend the important significance of effective and certified payroll management. In our pursuit of excellence, we have actually accepted ingenious services to streamline our processes, and one such transformative tool is Software.
The Difficulty of Worldwide Payroll:
Global expansion produces varied difficulties, and payroll management is no exception. Differing tax regulations, varying employment laws, and multiple currencies make it imperative for organizations to embrace sophisticated solutions to make sure accuracy, compliance, and performance in payroll processing.
Software: A Comprehensive Service:
workers so it’s really fundamental to make sure that you have actually considered from the start any post-termination limitations that you want to put into the contract of work that they’re enforceable so that suggests you need to actually think of what it is you’re aiming to protect and why clearly Specify what’s included within the scope of that confidential information and attend to the period of constraint post-determination that you want to use and be actually able to to justify that in relation to copyright the position really depends on the kind of intellectual property you’re looking to secure and also the jurisdiction so for example from a copyright viewpoint in the Netherlands completion client is more likely to have the um intellectual property rights in a copyright that the employees produced who’s been under their supervision and control instantly however in somewhere like Poland for instance that automatic right might not exist and that assignment would require to flow through the chain uh contractually so it truly depends upon the jurisdiction and the kind of IP okay thank you Elizabeth Steve was remaining on the subject of contracts Miss classified misclassifying employees
Papaya Global Software has emerged as a game-changer in the realm of worldwide 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 positive effect of on our organization’s financial operations.
Unified Worldwide Payroll Processing:
enables our business to process payroll effortlessly across multiple nations. The platform’s unified method enables constant payroll computations, minimizing mistakes and guaranteeing compliance with local regulations. This has actually substantially reduced the threats connected with global payroll processing.
likewise essential for if in the future somebody says misclassification you have your file supported by the requisite files and that the ideal assessment tools to show somebody that you had a thoughtful procedure and so 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 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 contractor than a staff member so for instance accounting
I.T engineering the creatives these all lend themselves more to that evaluation of being freelancer you understand likewise uh where are they doing it can they work from anywhere or do they need to be on site and handled once again another essential factor is the management and supervision of the uh employee and then lastly when is it a specific task is it a six-month job 6 years all of this is manageable however it needs to be documented and it needs to be thoroughly um investigated so we have a tool we call it ic2 we had an ic1 and we’ve enhanced it this year so that we can roll it out globally these tools take a questionnaire list for the worker the employee completes and fills these concerns out therefore does the end customer or the recipient of the services they both put their details into the tool and after that it does an evaluation waiting the different concerns due to the fact that not every jurisdiction has the same feeling about some of these questions some think they’re more vital than others and it comes out with 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 some of the important things you require to bolster to make sure that you are considered that evaluation of uh independent contractor or green where you were assessed as an as a independent professional once that assessment is done all the requisite files are underneath it so that if in the future there
Navigating the intricacies of international employment laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company updated with changes in guidelines throughout jurisdictions. This guarantees that our payroll processes follow the latest standards, minimizing the danger of non-compliance and associated charges.
network of In-House outside consultants accounting companies and legal firms who assist us keep our databases entirely as much as date and we likewise get in touch with we need to when we see an unusual or or particularly intricate circumstances alright thanks Steve I can simply 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 company of record is managed in a different way worldwide and the German law for example it’s classed as staff member leasing can you shed any light on some of the special considerations for countries and where the eor design isn’t managed yes Ian worker leasing or labor leasing as it’s also called which is prevalent in a number of countries especially in Europe imposes strict guidelines on items such as the length of assignment it also designates workers to collective bargaining agreements that provides rights and benefits but even in the nations that do not have those rigorous guidelines for example the UK Canada and the nordics there are policies for each nation and each employee is treated the like all the other workers because nation and all those regulations need to be abided by alright thank you Ray um Kathy moving I would state to yourself what do companies require to consider when identifying agreement status to secure themselves and the rights of hires what are the advantages and disadvantages of hiring contractors and Freelancers versus permanent staff members so undoubtedly the the advantage of specialists versus employees is the the versatility for both the employee and for the company um however I can’t stress enough how crucial it is to have a constant extensive and a well-documented compliance
Papaya Global Customer Reviews and Time Cost Savings:
The software application’s automation abilities have significantly minimized the time and effort needed for payroll processing. Handbook information entry and recurring jobs have actually been decreased, permitting our finance group to focus on strategic efforts rather than administrative concerns. This has actually led to increased effectiveness and productivity within our monetary operations.
in one considering that each state has its own guidelines Californians are a few of the most strict an example is pay slips on a payslip in California the ideal info has to be on the payslip in the ideal format and in the ideal position if you remain 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 2 questions in and 10 minutes approximately working with in one country is challenging enough but when working with in a you know on a worldwide level it’s a totally various story you need to make certain that you depend on date with current along with pending regional labor laws Steve um how do you make sure and guarantee that individuals 2.0 group 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 most importantly you need to have the best team so we work with a group of worldwide professionals in Employment Practices um that ex that group of experts includes attorneys it includes payroll specialists it consists of HR professionals and these are individuals that not only understand the laws in these in these countries and areas however they likewise understand the languages they know the regional practices they know the cultures and it is necessary to have that right group and genuinely have the group on the ground uh dealing with cl
Real-time Analytics and Reporting:
Papaya Global offers extensive real-time analytics and reporting tools. As a CFO, having access to precise and prompt financial information is crucial for decision-making. The platform’s reporting abilities empower me to make informed tactical decisions based on real-time insights into our international payroll information.
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 instruction otherwise called the 2p policies in the UK the working time guidelines which has had numerous strands of that legislation checked particularly around holiday pay and obviously as Kathy’s going to come on to talk about later work status which there’s been multiple precedence set for many years so I think it’s truly that continuous advancement of the employment law landscape that you actually need to browse when when operating in Europe fine 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 countries
Scalability for Business Growth:
Among the standout functions of Papaya Global is its scalability. As our company continues to grow and broaden into new markets, the software application perfectly accommodates modifications in our workforce and payroll requirements. This scalability guarantees that our payroll facilities can adapt to the evolving needs of our international company.
International Chief legal officer we have actually got Elizabeth Beal who is our primary legal officer for Amia and we’ve got Ray Gander who is our senior vice president of customer service and I would state individually and jointly these 3 individuals have Years of experience in in work law and international Employment Practices so thank you it’s a pleasure to be with everybody 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 Solutions at papaya Global inform us about yourself thank you Elin Ian hi my name is Elite I’ve been with the company for around 4 and a half years as head of Collaborations I have actually established Papaya’s network of in-country Partners in over 160 places on an individual element and related to our subject today I have actually had the chance to move and operate in 3 various nations it is the company’s duty to ensure my protection while living in a foreign country compliance with local laws and guidelines is vital for me or anyone else as an expat or as a local so today we have actually invited our trusted Partners people 2.0 to show the importance of regional
expertise when business Go International thank you and delight in fine 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 go over the realities a company requires to consider when opening a new entity and expanding into brand-new countries in addition to keeping things going we’ll cover elements such as local policies factors to consider when hiring compliance essential obstacles payments and what not to do it is among the most essential 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 need to understand and manage knowing what to do in each new scenario as it increases is essential on many levels understanding regional guidelines and regional laws as well as company practices helps reduce Associated and international expansion papaya through our local specialists can browse potential threats such as copyright security data personal privacy security problems guaranteeing the business’s operations stay compliant and protected tax Social Security returns and remittances differ by country
In conclusion, Papaya Global Software application has shown to be an important asset in our mission for efficient and certified international payroll management. As the CFO of an international company, I am positive in recommending Papaya Global to organizations looking for to streamline their payroll procedures, improve compliance, and attain greater performance in managing their global workforce. The software application’s innovative functions and commitment to quality align with our strategic goals, making it an integral part of our monetary operations.
publicly 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 significant legal costs there exists’s other penalties there’s other expenses behind that also so the overall expense can be really substantial in the tens of millions of dollars or more and and those quantities are growing uh the reason why business are getting it so incorrect is truly just the guidelines are complicated and they’re altering all the time believe ir-35 in the UK which has been a continuous development for a number of years now and and still a lot of uncertainty among business on what it truly suggests and how you handle it most companies are merely not aware of the rules and and act as if the the guidelines are the same everywhere which they’re not so so motivate you to to be really proactive as you’re engaging uh workers from a classification viewpoint fine thank you Stephen and returning to yourself Ray it’s not just the business that suffers in the long run what effects can this have on the worker Papaya Global Customer Reviews especially when it comes to their own tax liabilities social security and benefits for example jury and clearly the workers the opposite of the coin
I discover time and time again the employees frequently misclassified unwittingly they do not comprehend the conditions of work or agreement and are told by the client why it’s most advantageous generally to the customer why you must be used or participated in this fashion the employee may owe taxes and Social Security to the authorities the future pension and health care advantages of the worker can be affected and several times it can be years before this all falls out and by that time it’s far too late years have gone by they haven’t added to pensions And so on so it’s a big impact 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 against misclassification but typically premiums are just covering the cost of legal fees whilst the typical claim examined versus companies corresponds to to 40 or half of the base salary of worker is there any point in getting insurance coverage and what is the alternative yeah to your point um you do require to check out the small print it is not covering the taxes charge and interest in many cases I haven’t seen it a minimum of so uh the the other location that I do believe if you managed to get the protection what we are stating is is that if your compliance program is not up to pack you could be rejected 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 Customer Reviews …
The thorough features of come at a cost,
Over the past couple of years, the labor force has actually gone through a considerable change with the emergence of remote work, which has eliminated geographical constraints on hiring. This has actually allowed businesses to recruit skill from all over the world, enabling them to put together the very best possible team for each role. As a result, workers have gotten higher versatility to work from home and increase their incomes without having to move to expensive locations or commute cross countries. According to a 2022 survey, 87% of staff members who have the alternative to work remotely pick to do so. The COVID-19 pandemic, integrated with advancements in business connection software application, has actually even more sped up the shift towards remote work, even in industries that were at first hesitant to adopt the pattern.
insights are valuable to us and and your fellow guests so first things initially though um let’s be familiar with everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Beauty to Aerospace in all kinds of services start-up to matrixed environments across the globe I offered leadership and strategy to populations of more than 100,000 employees on a monthly basis and in over 170 nations today I’m the perel strategist for papaya
International I work throughout the business male maning and building external relationships supporting Enterprise clients and options and serving as a consultant I wish to introduce our first Greg um visitor Greg who will kick things off by informing 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 really closely with our um HR department as well to manage numerous legal and HR matters that turn up so truly excited 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 professionals free to do great
While Papaya Global deals combinations with various HR and finance systems, the execution process was not without difficulties. Integrating the software application with our existing infrastructure needed additional personalization, causing some hold-ups in the preliminary rollout.
Paying FAQs Papaya Global Customer Reviews 2024
and some smaller subsidiaries within our organization found the pricing to be on the greater side. As an international company, stabilizing the requirement for sophisticated features with budget plan restrictions ended up being a fragile workout.
Consumer Support Response Time:
There were instances where our teams faced concerns that required prompt help. Nevertheless, the response time from’s customer support team was not constantly as fast as desired, leading to occasional delays in concern resolution.
Our application of included a phased technique. We began by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This permitted us to recognize and attend to integration difficulties early on. As the software application became more instilled in our operations, we gradually expanded its use to cover our entire global workforce.
The automated functions structured our payroll processes, reducing the time invested in manual calculations and compliance tracking. Routine training sessions and ongoing assistance from Papaya assisted our groups end up being proficient users of the software application, maximizing its potential for our organization.
Nevertheless, paying a labor force can be complex. It is especially challenging for business who utilize staff across numerous countries, as they must continuously consolidate various information streams, by hand track local and national labor and guidelines, and spend valuable time and resources to set up local entities in new locations. These business are confronted with suboptimal, expensive alternatives, like opening a foreign subsidiary or working with an expert work organization, which is a local company that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble hiring certified workers, an increase of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.
provides a service supporting all forms of employment. It provides 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, uses management of work benefits, and ensures data privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the innovation gap in worldwide.
papaya this webcast has been pre-approved for hrci and Sherm credit please be sure to go to the complete webcast in order to receive your credits if you have any concerns throughout the webcast please click 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 sure to finish 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 hi and thank you for joining us today we’re enjoyed have you here as we start a journey of information to guideline achieving
360 degree employee compliance where we’ll dive into the important elements of the worker compliance management model throughout the session we’ll explore real life challenges genuine regional policies 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 staff members while remaining certified in an
Ever evolving regulative environment in the everchanging world of business and finance making sure compliance with payroll policies is not only crucial however also a legal imperative from the moment of working with to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance dangers that have far-reaching repercussions however with a much deeper more nuanced understanding of their commitments companies can not just navigate the elaborate landscape but also proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools essential to browse the complex Terrain of compliance whether you’re an experienced P specialist a small company owner or somebody new to the field what I want to do before we begin and I think it’s really important
In our quest to boost effectiveness and precision in handling our international workforce, our international corporation turned to, a leading and labor force management software application. The shift intended to streamline the complex job of managing throughout different nations, currencies, and compliance guidelines.
Among the standout features of is its robust compliance management system. The software immediately updates itself to follow ever-evolving tax and labor laws across multiple jurisdictions. This has been important in ensuring that our procedures stay compliant in each country of operation.
is to state that the material here is not legal guidance it is merely for your info please consult your legal group needs to you have any questions or issues in relation to anything that we have actually discussed today our key take crucial takeaways by the end of the webinar will be an understanding of staff member compliance threats how to employ 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’ve.
serve as your hris or is kind of your core employee record um to handle 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 advantages Administration module that allows you to assist manage the benefits you provide to your staff members so actually delighted to be here represent um bamb booy container and discuss this subject um and I think from my viewpoint I’ll I’ll probably supply a great deal of a concentrate on the US side of things when we talk about sort of compliance so delighted to be here thanks for having me Ian alright thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a little bit about papay international yes absolutely thank you Ian hello everybody I’m Gina dorelis I’m the Employment specialist manager.
at I manage the employment Council in the US APAC EMA and Israel area I likewise function as us Council for I’m licensed in New York and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and labor force management as a Service labor force supplier to workers serving in over.
160 nations all right thank you so both I feel entirely 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 everybody’s actually going to 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 definitely fantastic whilst we simply wait for everyone else to kind of like take part there we go Chicago too well um so whil we’re doing that I’m waiting for everyone to type of join I’ll simply run us through the program um today we are going to discuss working with Skill new greater Info 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 originating from definitely all over which is wonderful so uh I’m hoping that we’re actually going to have some truly terrific commentary and questions throughout the uh the webinar as well alright 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 Customer Reviews complex without fail and an.
Ever developing relationship that begins the moment a person signs up with an organization it continues throughout their work and Beyond this journey can be divided into k to several essential phases whilst we’re in fact you know that they’re used with us so on boarding daily operations payment and advantages expert development then we get to the offboarding and even advocacy so it even happens after the employee has left your employment throughout the journey companies are responsible for gathering keeping protecting employee information in compliance with information personal privacy regulations no matter where it is you’re operating worldwide it often involves carrying out protected information management systems and ensuring rigorous adherence to local requirements to secure both the employee and the company the development of staff member information and management c.