A CFO’s Perspective on Papaya Global Job Opportunities…
Papaya Global’s platform simplifies international workforce management for companies, ensuring compliance with regional guidelines and tax laws. Their services incorporate payroll processing, advantages administration, compliance oversight, time and presence tracking, and HR support. The platform centralizes global payroll operations, supplying companies with real-time insights and control. Founded in 2016, Papaya Global has actually broadened to Tel Aviv, New York, London, and Kiev.
In the dynamic landscape of international company operations, handling payroll across borders can be a complex and challenging task. As the Chief Financial Officer (CFO) of a worldwide business, I comprehend the crucial significance of effective and compliant payroll management. In our pursuit of quality, we have actually embraced innovative options to improve our procedures, and one such transformative tool is Software.
The Challenge of Global Payroll:
Global expansion causes diverse obstacles, and payroll management is no exception. Differing tax guidelines, varying work laws, and several currencies make it imperative for organizations to adopt advanced solutions to guarantee accuracy, compliance, and effectiveness in payroll processing.
Software application: A Comprehensive Solution:
It is crucial to think about and include post-termination limitations in the employment contract to guarantee enforceability. You should carefully identify what you are seeking to secure and plainly define the secret information that falls within its scope. In addition, define the duration of the post-termination limitation and be prepared to validate it in relation to copyright. The guidelines regarding copyright differ depending on the type of IP and the jurisdiction. For example, in the Netherlands, the end customer is likely to have copyright rights over works produced by workers under their supervision, while in Poland, legal task may be essential.
Papaya Global Software has actually emerged as a game-changer in the realm of global payroll management. Its cloud-based platform incorporates payroll, workforce management, and employee benefits into a single, user-friendly interface. As the CFO, I have witnessed firsthand the favorable impact of on our organization’s financial operations.
Unified Global Payroll Processing:
enables our business to process payroll perfectly throughout multiple countries. The platform’s unified method enables constant payroll calculations, lowering errors and guaranteeing compliance with local regulations. This has actually substantially alleviated the dangers connected with international payroll processing.
also key for if later somebody says misclassification you have your file supported by the requisite documents which the best assessment tools to show someone that you had a thoughtful procedure therefore what do you have to include in that process it’s the who the what the where and the when who are you dealing with are you dealing with a private or are you dealing with a personal Service Corporation and how are they running what are they doing is it the type of work that lends itself more to being an independent professional than a staff member so for example accounting
I.T crafting the creatives these all provide themselves more to that assessment of being freelancer you understand also uh where are they doing it can they work from anywhere or do they need to be on site and handled again another essential aspect is the management and guidance of the uh employee and after that lastly when is it a particular task is it a six-month project six years all of this is manageable but it has to be documented and it needs to be thoroughly um examined so we have a tool we call it ic2 we had an ic1 and we’ve improved it this year so that we can roll it out internationally these tools take a questionnaire list for the employee the worker fills out and fills these questions out therefore does the end customer or the recipient of the services they both put their details into the tool and then it does an assessment waiting the different concerns due to the fact that not every jurisdiction has the same feeling about a few of these concerns some think they’re more crucial 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 probably assist you with that in terms of a few of the important things you need to strengthen to make certain that you are given that examination of uh independent contractor or green where you were examined as an as a independent professional once that evaluation is done all the requisite files are below it so that if in the future there
Navigating the complexities of global work laws and tax regulations can be frustrating. Papaya Global’s automated compliance engine keeps our organization updated with changes in guidelines throughout jurisdictions. This guarantees that our payroll procedures abide by the current requirements, reducing the threat of non-compliance and associated penalties.
network of In-House outside advisors accounting companies and legal firms who help us keep our databases completely up to date and we likewise get in touch with we require to when we see an unusual or or particularly complex circumstances all right 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 moving back to to the webinar itself Ray company of record is regulated differently worldwide and the German law for example it’s classed as worker leasing can you shed any light on some of the special considerations for nations and where the eor design isn’t controlled yes Ian employee leasing or labor leasing as it’s also called which prevails in several nations especially in Europe imposes strict policies on items such as the length of task it likewise appoints workers to collective bargaining agreements that gives them rights and advantages however even in the countries that do not have those strict guidelines for instance the UK Canada and the nordics there are guidelines for each country and each worker is treated the same as all the other employees in that nation and all those policies require to be complied with fine thank you Ray um Kathy moving I would say to yourself what do companies need to consider when determining agreement status to protect themselves and the rights of hires what are the pros and cons of hiring specialists and Freelancers versus long-term staff members so obviously the the benefit of professionals versus employees is the the flexibility for both the employee and for the employer um but I can’t worry enough how essential it is to have a constant comprehensive and a well-documented compliance
Papaya Global Job Opportunities and Time Cost Savings:
The software’s automation abilities have substantially reduced the time and effort required for payroll processing. Handbook information entry and repeated jobs have been lessened, permitting our financing group to concentrate on strategic initiatives rather than administrative burdens. This has led to increased performance and efficiency within our financial operations.
in one because each state has its own regulations Californians are some of the most strict an example is pay slips on a payslip in California the right info has to be on the payslip in the right 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 incur a fine thanks Ray thank you Elizabeth a lot to stress to think about and we’re just 2 questions in and 10 minutes approximately working with in one country is challenging enough but when hiring in a you understand on a worldwide level it’s a completely different story you need to make certain that you’re up to date with present in addition to pending regional labor laws Steve um how do you make sure and guarantee that the people 2.0 team is on top of an ever-changing landscape which your customers are totally supported and I’ll organize this into 3 key things we carry out in first and foremost you require to have the right team so we employ a team of global professionals in Work Practices um that ex that team of professionals consists of lawyers it consists of payroll experts it includes HR professionals and these are individuals that not just know the laws in these in these countries and areas however they likewise know the languages they know the regional practices they know the cultures and it is necessary to have that best team and really have the group on the ground uh working with cl
Real-time Analytics and Reporting:
Papaya Global provides extensive real-time analytics and reporting tools. As a CFO, having access to accurate and prompt monetary data is important for decision-making. The platform’s reporting abilities empower me to make informed strategic choices based on real-time insights into our international payroll data.
application and its scope and the manner in which it applies to work law in practice can be checked through the judicial system by way of case law examples of that would be the acquired rights directive otherwise called the 2p policies in the UK the working time guidelines which has actually had different hairs of that legislation evaluated particularly around holiday pay and naturally as Kathy’s going to come on to speak about later on employment status which there’s been multiple precedence set throughout the years so I think it’s actually that consistent evolution of the work law landscape that you truly require to browse when when operating in Europe alright thank you Elizabeth Ray what about you from your individual experience while crossing the pond as pointed out each country has different regulations however the United States is basically 50 countries
Scalability for Organization Growth:
Among the standout functions of Papaya Global is its scalability. As our business continues to grow and broaden into brand-new markets, the software effortlessly accommodates changes in our labor force and payroll requirements. This scalability ensures that our payroll facilities can adapt to the progressing requirements of our international organization.
Global 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 individually and jointly these 3 people have Decades of experience in in work law and global Work Practices so thank you it’s a pleasure to be with everyone here today sounds like we’ve got the right people with us today and in in addition to to those well we also have one of our own Stars delete share head of Global Services at papaya Worldwide tell us about yourself thank you Elin Ian hi my name is Elite I have actually been with the business for around 4 and a half years as head of Collaborations I have developed Papaya’s network of in-country Partners in over 160 locations on an individual element and related to our subject today I have actually had the chance to relocate and work in three different countries it is the company’s obligation to guarantee my defense while living in a foreign country compliance with local laws and guidelines is vital for me or anybody else as an expat or as a local so today we have invited our trusted Partners people 2.0 to show the importance of regional
knowledge when business Go International thank you and enjoy okay thank you as I stated let’s move on to the pact agenda today’s webinar is an opportunity to ask the panel the concerns you’ve been considering we’ll discuss the truths a company requires to think about when opening a new entity and expanding into new nations along with keeping things going we’ll cover elements such as regional policies considerations when employing compliance key difficulties payments and what not to do it’s one of the most crucial things remembering what not to do um operating on a worldwide level is not for the faint-hearted the larger a business grows the more they need to comprehend and manage knowing what to do in each brand-new situation as it rises is very important on lots of levels comprehending regional regulations and local laws along with organization practices assists alleviate Associated and global growth papaya through our local experts can browse potential dangers such as copyright security data privacy security issues guaranteeing the company’s operations stay compliant and safe and secure tax Social Security returns and remittances vary by country
In conclusion, Papaya Global Software has shown to be an invaluable property in our quest for efficient and compliant international payroll management. As the CFO of a global business, I am positive in suggesting Papaya Global to organizations looking for to simplify their payroll procedures, enhance compliance, and accomplish greater performance in managing their worldwide labor force. The software application’s ingenious functions and commitment to excellence line up with our strategic goals, making it an integral part of our financial operations.
I discover time and time again the workers often misclassified unwittingly they don’t comprehend the conditions of employment or contract and are told by the customer why it’s optimum primarily to the client why you must be employed or participated in this fashion 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 numerous times it can be years before this all falls out and by that time it’s far too late years have actually passed they haven’t contributed to pensions Etc so it’s a huge impact that they never understood 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 10 years um Kathy companies are taking out insurance coverage versus misclassification but normally premiums are just covering the cost of legal charges whilst the average claim assessed against employers relates to to 40 or 50 percent of the base pay of employee exists any point in securing 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 for the most part I have not seen it a minimum of 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 coverage on the basis of the reality that you were not in compliance with laws um in the UK
Cost Considerations and Papaya Global Job Opportunities …
The comprehensive features of come at a cost,
Recent decades have actually seen a dramatic modification to the labor force as the increase of remote work has broken down geographical barriers to employing. Companies can now hire staff from anywhere worldwide, permitting them to access the very best offered talent for any provided role. This provides workers more liberty to work from home and increase their income without moving to pricey areas or travelling long distances. A 2022 study found that 87% of employees who have the opportunity to work from another location take that opportunity. The outbreak of COVID-19, in conjunction with brand-new business connection software, sped up the move to remote work, including in industries formerly hesitant to welcome the pattern.
insights are valuable to us and and your fellow guests so first things initially though um let’s learn more about everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I have actually had roles in all type of Industries retail and Charm to Aerospace in all types of companies startup to matrixed environments across the globe I supplied leadership and strategy 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 guy maning and constructing external relationships supporting Business clients and solutions and acting as a consultant I want to introduce our very first Greg um guest Greg who will kick things off by telling us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our in-house legal team and actually work really closely with our um HR department as well to manage numerous legal and HR matters that show up so really excited to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our objective is to set you as HR specialists complimentary to do excellent
Although Papaya Global provides integrations with different HR and finance systems, we experienced some hurdles throughout the combination procedure. Customizing the software to align with our existing facilities showed to be more complicated than prepared for, leading to hold-ups in the initial rollout.
The substantial features offered by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be prohibitively expensive. As an international company, we had to carefully weigh the need for innovative performance against spending plan restrictions.
Support Reaction Time:
On occasion, our groups experienced concerns that required immediate assistance. Nevertheless, the response time from Papaya Global’s client support team was not always as timely as we would have liked, resulting in delays in resolving those concerns.
Our application of included a phased approach. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to recognize and resolve integration difficulties early on. As the software became more ingrained in our operations, we gradually expanded its use to cover our whole international workforce.
The automated functions streamlined our payroll procedures, decreasing the time spent on manual computations and compliance tracking. Routine training sessions and continuous support from Papaya helped our groups become skilled users of the software application, optimizing its capacity for our company.
Nevertheless, paying a labor force can be complex. It is particularly challenging for business who utilize personnel across multiple countries, as they must constantly consolidate various information streams, manually track local and nationwide labor and guidelines, and invest valuable time and resources to set up regional entities in brand-new areas. These business are faced with suboptimal, expensive choices, like opening a foreign subsidiary or employing an expert employment organization, which is a regional firm that employs staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble hiring certified personnel, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.
offers a solution supporting all kinds of employment. It provides an end-to-end platform, from worker onboarding and continuous management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, uses management of employment 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 innovation gap in international.
papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to go to the total webcast in order to get 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 web 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 presentation hi and thank you for joining us today we’re thrilled to have you here as we start a journey of data to regulation accomplishing
360 degree employee compliance where we’ll dive into the essential elements of the employee compliance management model throughout the session we’ll check out real world obstacles real regional policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to safeguard your organization and employees while staying compliant in an
Ever evolving regulatory environment in the everchanging world of company and financing making sure compliance with payroll regulations is not only crucial but also a legal important from the moment of hiring to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance threats that have far-reaching consequences however with a much deeper more nuanced understanding of their obligations organizations can not only navigate the complex landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to navigate the complex Terrain 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 truly important
In our quest to boost performance and accuracy in managing our worldwide labor force, our international corporation turned to, a leading and labor force management software. The shift intended to simplify the complex job of handling throughout numerous nations, currencies, and compliance guidelines.
Among the standout functions of is its robust compliance management system. The software immediately updates itself to comply with ever-evolving tax and labor laws throughout numerous jurisdictions. This has been important in ensuring that our procedures remain compliant in each nation of operation.
is to state that the content here is not legal suggestions it is just for your information please consult your legal team needs to you have any concerns or issues in relation to anything that we’ve discussed today our key take key takeaways by the end of the webinar will be an understanding of staff member compliance threats how to hire ly with confidence how to streamline data management and automation so let’s take ourselves a moment to familiarize ourselves with the webinar platform once again as we have actually.
act as your hris or is type of your core worker record um to handle that worker life cycle throughout their Journey with you as as an employee in addition to a payroll module we need to help you pay those employees and compensate them and advantages Administration module that enables you to help manage the benefits you offer to your staff members so actually thrilled to be here represent um bamb booy jar and speak about this subject um and I guess from my point of view I’ll I’ll most likely provide a lot of a focus 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 introduce yourself and tell the audience a bit about papay global yes definitely thank you Ian hi everyone I’m Gina dorelis I’m the Employment specialist manager.
at I handle the work Council in the US APAC EMA and Israel area I also work as us Council for I’m licensed in New York and New Jersey um we guarantee compliance onboarding and offboarding of employees with regard to papaya we provide payroll payments and workforce management as a Service work force company to employees serving in over.
160 nations okay thank you so both I feel completely underqualified sitting here with you both well I forgot to discuss as we were type of like going through the introduction so it’s actually actually great to in fact see in the webinar chat where everyone’s really going to from today I can see that we have people in Las Vegas and Indiana currently so if you want to carry on inform where you are that would be definitely fantastic whilst we just wait on 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 for everybody to kind of join I’ll simply run us through the program um today we are going to talk about working with Talent brand-new greater Information Management termination compliance and automation wow the chat has actually got really truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from definitely everywhere which is great so uh I’m hoping that we’re in fact going to have some truly terrific commentary and questions throughout the uh the webinar too all right so that’s the program then what I ‘d like 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 Job Opportunities 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 essential phases whilst we’re actually you know that they’re utilized with us so on boarding day-to-day operations payment and benefits expert 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 gathering saving protecting employee information in compliance with data privacy guidelines no matter where it is you’re operating around the globe it often involves executing protected information management systems and making sure stringent adherence to local requirements to protect both the employee and the company the development of employee information and management c.