A CFO’s Point of view on Papaya Global Customer Service…
The platform makes it possible for companies to handle their global workforce and abide by local work regulations and tax laws. Papaya Global uses a series of services, including payroll management, benefits administration, compliance management, time and participation tracking, and HR management. The platform is designed to simplify the intricacies of worldwide payroll and provide 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 global service operations, managing payroll throughout borders can be a complex and difficult task. As the Chief Financial Officer (CFO) of a global company, I comprehend the crucial value of effective and compliant payroll management. In our pursuit of quality, we have actually accepted ingenious solutions to improve our processes, and one such transformative tool is Software application.
The Challenge of International Payroll:
Worldwide growth produces diverse challenges, and payroll management is no exception. Differing tax guidelines, varying work laws, and numerous currencies make it essential for companies to embrace advanced options to make sure accuracy, compliance, and efficiency in payroll processing.
Software: A Comprehensive Service:
workers so it’s truly basic to ensure that you’ve considered from the beginning any post-termination restrictions that you want to put into the contract of employment that they’re enforceable so that means you require to really consider what it is you’re wanting to protect and why clearly Specify what’s consisted of within the scope of that confidential information and address the duration of constraint post-determination that you want to apply and be actually able to to justify that in relation to intellectual property the position truly depends on the type of intellectual property you’re seeking to secure and also the jurisdiction so for example from a copyright perspective in the Netherlands completion customer is most likely to have the um copyright rights in a copyright that the employees produced who’s been under their supervision and control immediately nevertheless in somewhere like Poland for instance that automatic right may not be there which task would require to flow through the chain uh contractually so it truly depends on the jurisdiction and the kind of IP alright thank you Elizabeth Steve was remaining on the subject of agreements Miss classified misclassifying employees
Papaya Global Software application has become a game-changer in the realm of international payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, user-friendly user interface. As the CFO, I have actually experienced firsthand the positive effect of on our company’s monetary operations.
Unified International Payroll Processing:
allows our company to procedure payroll perfectly across multiple countries. The platform’s unified method enables consistent payroll estimations, decreasing mistakes and guaranteeing compliance with local policies. This has actually significantly reduced the threats associated with international payroll processing.
also essential for if in the future someone states misclassification you have your file supported by the requisite documents which the best examination tools to reveal someone that you had a thoughtful procedure and so what do you need to consist of in that procedure it’s the who the what the where and the when who are you dealing with are you dealing with an individual 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 contractor than a worker so for example accounting
I.T engineering the creatives these all lend themselves more to that assessment of being freelancer you know likewise uh where are they doing it can they work from anywhere or do they have to be on site and managed again another essential aspect is the management and guidance of the uh worker and then lastly when is it a particular job is it a six-month project six years all of this is manageable however it has to be recorded and it needs to be completely 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 globally these tools take a survey list for the worker the worker completes and fills these questions out and so does the end client or the recipient of the services they both put their details into the tool and then it does an assessment waiting the various questions because not every jurisdiction has the exact same feeling 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 an employee yellow you’re on the cusp we can most likely help you with that in terms of some of the things you need to bolster to make certain that you are considered that assessment of uh independent specialist or green where you were assessed as an as a independent professional once that assessment is done all the requisite documents are below it so that if in the future there
Browsing the intricacies of worldwide employment laws and tax guidelines can be overwhelming. Papaya Global’s automated compliance engine keeps our company up-to-date with changes in policies across jurisdictions. This guarantees that our payroll procedures adhere to the current standards, decreasing 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 entirely up to date and we also call on we require to when we see an unusual or or particularly complicated circumstances all right thanks Steve I can just see a quick question in the Q a window yes the session will be recorded and sent to attendees afterwards um moving back to to the webinar itself Ray company of record is controlled in a different way all over the world and the German law for example it’s classed as worker leasing can you shed any light on a few of the unique factors to consider for nations and where the eor design isn’t managed yes Ian worker leasing or labor leasing as it’s also called which is prevalent in numerous countries specifically in Europe enforces rigorous policies on products such as the length of task it also designates workers to collective bargaining contracts that gives them rights and benefits but even in the nations that do not have those strict regulations for example the UK Canada and the nordics there are policies for each nation and each employee is treated the like all the other employees in that country and all those policies require to be followed okay thank you Ray um Kathy moving I would say to yourself what do business require to factor in when determining contract status to safeguard themselves and the rights of hires what are the pros and cons of employing specialists and Freelancers versus permanent staff members so undoubtedly the the advantage of specialists versus employees is the the flexibility for both the worker and for the company um however I can’t worry enough how important it is to have a constant comprehensive and a well-documented compliance
Papaya Global Customer Service and Time Savings:
The software application’s automation capabilities have considerably minimized the time and effort required for payroll processing. Handbook data entry and recurring tasks have been reduced, permitting our finance team to focus on tactical efforts rather than administrative problems. This has led to increased effectiveness and performance within our financial operations.
in one because each state has its own regulations Californians are some of the most rigorous an example is pay slips on a payslip in California the ideal information needs to be on the payslip in the ideal format and in the right position if you’re in breach of of policies for payslips the fines are issued per payslip so that’s each employee each pay slip will incur a great thanks Ray thank you Elizabeth a lot to worry to think of and we’re only two concerns in and 10 minutes or two employing in one nation is tough enough but when working with in a you understand on an international level it’s a completely different story you require to make sure that you’re up to date with existing in addition to pending local labor laws Steve um how do you make sure and make sure that individuals 2.0 group is on top of an ever-changing landscape and that your customers are completely supported and I’ll organize this into 3 key things we carry out in most importantly you require to have the right team so we work with a team of international specialists in Employment Practices um that ex that team of professionals consists of lawyers it consists of payroll experts it consists of HR professionals and these are people that not only know the laws in these in these nations and areas but they also understand the languages they know the local practices they understand the cultures and it is very important to have that right group and truly have the group on the ground uh working with cl
Real-time Analytics and Reporting:
Papaya Global offers detailed real-time analytics and reporting tools. As a CFO, having access to accurate and timely monetary information is vital for decision-making. The platform’s reporting capabilities empower me to make informed strategic decisions based upon real-time insights into our international payroll information.
application and its scope and the manner in which it applies to employment law in practice can be evaluated through the judicial system by way of case law examples of that would be the gotten rights regulation otherwise known as the 2p guidelines in the UK the working time policies which has actually had numerous strands of that legislation checked particularly around holiday pay and of course as Kathy’s going to come on to speak about later work status which there’s been numerous precedence set throughout the years so I think it’s actually that consistent advancement of the work law landscape that you really require to navigate when when operating in Europe alright thank you Elizabeth Ray what about you from your individual experience while moving across the pond as discussed each country has various guidelines but the United States is basically 50 countries
Scalability for Organization Growth:
Among the standout features of Papaya Global is its scalability. As our business continues to grow and broaden into new markets, the software perfectly accommodates changes in our workforce and payroll requirements. This scalability ensures that our payroll infrastructure can adapt to the developing needs of our international organization.
International Chief legal officer we have actually got Elizabeth Beal who is our chief legal officer for Amia and we have actually got Ray Gander who is our senior vice president of customer service and I would say separately and collectively these 3 people have Years of experience in in employment law and worldwide Work Practices so thank you it’s a satisfaction to be with everyone here today seems like we’ve got the right people with us today and in in addition to to those well we likewise have among our own Stars erase share head of Global Solutions at papaya Worldwide inform us about yourself thank you Elin Ian hi my name is Elite I’ve been with the company for around four and a half years as head of Collaborations I have developed Papaya’s network of in-country Partners in over 160 places on a personal element and related to our subject today I have actually had the chance to transfer and work in 3 different countries it is the business’s duty to ensure my protection while living in a foreign country compliance with local laws and policies is essential for me or anyone else as an expat or as a regional so today we have welcomed our relied on Partners people 2.0 to demonstrate the significance of regional
competence when business Go International thank you and enjoy alright thank you as I said let’s carry on to the pact agenda today’s webinar is a chance to ask the panel the concerns you’ve been thinking of we’ll talk about the realities a business requires to consider when opening a brand-new entity and broadening into brand-new nations in addition to keeping things going we’ll cover aspects such as regional regulations considerations when employing compliance crucial obstacles payments and what not to do it is among the most essential things remembering what not to do um operating on a worldwide level is not for the faint-hearted the bigger a business grows the more they need to understand and manage understanding what to do in each new situation as it increases is very important on lots of levels understanding local guidelines and local laws in addition to business practices assists reduce Associated and international expansion papaya through our local experts can browse possible dangers such as copyright protection data personal privacy security concerns ensuring the company’s operations remain certified and safe and secure tax Social Security returns and remittances vary by nation
In conclusion, Papaya Global Software has actually shown to be an important asset in our mission for efficient and compliant international payroll management. As the CFO of a global business, I am positive in advising Papaya Global to companies looking for to enhance their payroll procedures, enhance compliance, and achieve higher performance in handling their worldwide labor force. The software’s ingenious functions and dedication to excellence line up with our tactical goals, making it an essential part of our monetary operations.
openly announced and it was 100 million dollar settlement that Uber made with the state of New Jersey one state in addition to the openly announced settlements there’s also considerable legal costs there’s there’s other penalties there’s other costs behind that also so the total expense can be extremely substantial in the 10s of millions of dollars or more and and those amounts are growing uh the reason why business are getting it so wrong is truly just the rules are complicated and they’re altering all the time think ir-35 in the UK which has been an ongoing advancement for numerous years now and and still a great deal of unpredictability among business on what it truly suggests and how you deal with it most employers are just not familiar with the guidelines 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 employees from a classification point of view okay thank you Stephen and moving back to yourself Ray it’s not just the business that suffers in the long run what effects can this have on the employee Papaya Global Customer Service especially when it comes to their own tax liabilities social security and benefits for instance jury and clearly the employees the opposite of the coin
I discover time and time again the employees often misclassified unwittingly they do not comprehend the conditions of work or agreement and are told by the client why it’s most advantageous mainly to the customer why you must be used or taken part in this style the employee might owe taxes and Social Security to the authorities the future pension and health care privileges of the employee 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 gone by they have not added to pensions Etc so it’s a huge impact that they never knew they were strolling into you couldn’t agree with you more if you state the UK for instance hmrc can go back as much as ten years um Kathy companies are getting insurance against misclassification but typically premiums are just covering the expense of legal fees whilst the average claim examined versus companies relates to to 40 or half of the base pay of employee exists 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 charge and interest for the most part I haven’t seen it at least so uh the the other location 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 pack you could be denied protection 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 Service …
The extensive functions of come at a cost,
Current decades have actually seen a significant modification to the labor force as the rise of remote work has broken down geographical barriers to hiring. Businesses can now hire personnel from anywhere worldwide, enabling them to access the very best readily available talent for any offered role. This gives workers more flexibility to work from home and increase their income without transferring to expensive areas or travelling fars away. A 2022 study discovered that 87% of workers who have the possibility to work from another location take that chance. The break out of COVID-19, in conjunction with brand-new business connectivity software application, accelerated the relocate to remote work, including in industries previously reluctant to accept the pattern.
insights are valuable to us and and your fellow participants so first things initially though um let’s learn more about everyone my name is Ian Charles and I have actually operated in payroll for the last 25 years I’ve had roles in all kind of Industries retail and Appeal to Aerospace in all types of companies startup to matrixed environments across the globe I provided management and method to populations of more than 100,000 workers on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya
International I work throughout business man maning and constructing external relationships supporting Business clients and services and acting as an advisor I wish to present our very first Greg um visitor 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 stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal group and in fact work extremely carefully 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 knowledgeable about us uh at bambo HR we say our mission is to set you as HR specialists complimentary to do terrific
While Papaya Global deals combinations with various HR and finance systems, the application process was not without difficulties. Incorporating the software application with our existing infrastructure needed extra personalization, resulting in some delays in the preliminary rollout.
Paying FAQs Papaya Global Customer Service 2024
and some smaller subsidiaries within our company found the rates to be on the greater side. As an international company, stabilizing the need for advanced functions with budget plan restrictions became a fragile exercise.
Client Support Action Time:
There were circumstances where our groups faced problems that required prompt support. However, the action time from’s customer assistance team was not always as fast as desired, causing periodic hold-ups in issue resolution.
Our application of included a phased technique. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This permitted us to identify and address combination obstacles early on. As the software ended up being more instilled in our operations, we gradually broadened its use to cover our entire global workforce.
The automated features structured our payroll procedures, lowering the time invested in manual calculations and compliance tracking. Routine training sessions and ongoing assistance from Papaya helped our teams end up being proficient users of the software, optimizing its capacity for our company.
Business that staff member workers across numerous countries frequently deal with intricate obstacles when it concerns handling their labor force. Among the greatest hurdles is consolidating different information streams and adhering to diverse regional and national labor guidelines, which can be both lengthy and costly. Furthermore, setting up regional entities in new regions can be a costly and suboptimal option, with alternatives such as opening a foreign subsidiary or employing a professional work company (PEO) often charging up to 15% of the payroll. These difficulties have actually caused a significant increase in trouble hiring certified workers, with 75% of employers reporting this issue in 2022, a 21% increase from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
offers a solution supporting all types of employment. It supplies an end-to-end platform, from employee onboarding and ongoing management to global payments and. It assists business with labor law compliance in the jurisdictions in which they operate, offers management of employment advantages, and guarantees information privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur 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 international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to attend the total webcast in order to receive your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your web browser with the webcast survey please be sure to finish it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re enjoyed have you here as we start a journey of data to regulation achieving
360 degree worker compliance where we’ll dive into the necessary elements of the worker compliance management design throughout the session we’ll check out real life difficulties real local guidelines best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to safeguard your organization and workers while remaining compliant in an
Ever progressing regulative environment in the everchanging world of company and financing making sure compliance with payroll policies is not just essential however also a legal essential from the minute of hiring to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant repercussions nevertheless with a deeper more nuanced understanding of their obligations companies can not only browse the intricate landscape however likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools essential to navigate the complex Terrain of compliance whether you’re a seasoned P professional a small company owner or somebody new to the field what I want to do before we begin and I think it’s really crucial
In our mission to improve effectiveness and precision in managing our international labor force, our international corporation turned to, a leading and workforce management software application. The transition aimed to streamline the complex task of managing across various countries, currencies, and compliance guidelines.
One of the standout functions of is its robust compliance management system. The software automatically updates itself to abide by ever-evolving tax and labor laws throughout several jurisdictions. This has been invaluable in guaranteeing that our processes stay compliant in each country of operation.
is to state that the content here is illegal recommendations it is simply for your info please consult your legal group needs to you have any concerns or issues in relation to anything that we’ve gone over today our key take essential takeaways by the end of the webinar will be an understanding of employee compliance risks how to work with ly with self-confidence how to streamline data management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.
act as your hris or is type of your core employee record um to manage that worker life process throughout their Journey with you as as a worker in addition to a payroll module we have to assist you pay those staff members and compensate them and advantages Administration module that permits you to help manage the benefits you provide to your staff members so really excited to be here represent um bamb booy jar and discuss this topic um and I think from my viewpoint I’ll I’ll probably provide 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 alright thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a bit about papay global yes definitely thank you Ian hi everybody I’m Gina dorelis I’m the Employment expert manager.
at I manage the work Council in the United States APAC EMA and Israel area I likewise function as us Council for I’m licensed in New York and New Jersey um we guarantee compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and workforce management as a Service work force service provider to workers serving in over.
160 countries alright thank you so both I feel totally underqualified sitting here with you both well I forgot to point out as we were type of like going through the introduction so it’s actually actually good to really see in the webinar chat where everyone’s really 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 great whilst we simply wait for everyone else to kind of like join in there we go Chicago as well well um so whil we’re doing that I’m waiting for everybody to kind of join I’ll simply run us through the program um today we are going to go over hiring Talent new higher 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 absolutely all over which is fantastic so uh I’m hoping that we’re really going to have some really fantastic commentary and questions throughout the uh the webinar also fine so that’s the agenda then what I want to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a worker and their information is Papaya Global Customer Service diverse without fail and an.
Ever evolving relationship that starts the moment a person joins an organization it continues throughout their work and Beyond this journey can be divided into k to several crucial stages whilst we’re in fact you know that they’re employed with us so on boarding day-to-day operations payment and advantages professional development then we get to the offboarding and even advocacy so it even occurs after the employee has actually left your employment throughout the journey organizations are responsible for collecting storing safeguarding staff member data in compliance with data privacy policies no matter where it is you’re operating all over the world it frequently involves carrying out safe and secure data management systems and ensuring rigorous adherence to regional requirements to protect both the staff member and the company the advancement of worker information and management c.