A CFO’s Point of view on Glassdoor Papaya Global…
Papaya Global’s platform improves international labor force management for business, making sure compliance with regional regulations and tax laws. Their services include payroll processing, advantages administration, compliance oversight, time and participation tracking, and HR assistance. The platform centralizes international payroll operations, supplying businesses with real-time insights and control. Founded in 2016, Papaya Global has expanded to Tel Aviv, New York, London, and Kiev.
In the vibrant landscape of worldwide organization operations, managing payroll across borders can be a complex and difficult task. As the Chief Financial Officer (CFO) of a global company, I understand the important importance of effective and certified payroll management. In our pursuit of quality, we have accepted ingenious services to enhance our processes, and one such transformative tool is Software.
The Obstacle of International Payroll:
Global expansion produces varied obstacles, and payroll management is no exception. Differing tax guidelines, varying work laws, and multiple currencies make it necessary for organizations to embrace sophisticated solutions to guarantee precision, compliance, and efficiency in payroll processing.
Software: A Comprehensive Solution:
It is important to consider and include post-termination limitations in the employment agreement to ensure enforceability. You must thoroughly determine what you are seeking to protect and clearly define the secret information that falls within its scope. Additionally, define the period of the post-termination limitation and be prepared to validate it in relation to intellectual property. The rules concerning copyright vary depending upon the kind of IP and the jurisdiction. For instance, in the Netherlands, completion client is most likely to have copyright rights over works produced by workers under their supervision, while in Poland, contractual project may be needed.
Papaya Global Software has actually become a game-changer in the world of international 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 witnessed firsthand the favorable effect of on our company’s monetary operations.
Unified Global Payroll Processing:
allows our company to process payroll effortlessly across numerous nations. The platform’s unified approach enables constant payroll calculations, reducing errors and guaranteeing compliance with regional regulations. This has actually considerably alleviated the risks related to international payroll processing.
likewise essential for if later somebody states misclassification you have your file supported by the requisite documents and that the right examination tools to reveal somebody that you had a thoughtful process therefore what do you have to include because process it’s the who the what the where and the when who are you handling are you dealing with a specific or are you dealing with an individual Service Corporation and how are they running what are they doing is it the kind of work that lends itself more to being an independent specialist than a staff member so for example accounting
I.T crafting the creatives these all provide themselves more to that evaluation of being freelancer you know likewise uh where are they doing it can they work from anywhere or do they need to be on website and handled once again another essential aspect is the management and guidance of the uh worker and after that lastly when is it a specific job is it a six-month job 6 years all of this is manageable but 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’ve improved it this year so that we can roll it out internationally these tools take a survey list for the worker the employee fills out and fills these questions out therefore does completion customer or the recipient of the services they both put their info into the tool and after that it does an examination waiting the various questions because not every jurisdiction has the very same feeling about some of these concerns some believe they’re more important 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 help you with that in terms of a few of the things you need to bolster to ensure that you are considered that assessment of uh independent professional or green where you were evaluated 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 complexities of global work laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company current with changes in guidelines across jurisdictions. This makes sure that our payroll procedures stick to the most recent requirements, reducing the danger of non-compliance and associated penalties.
Glassdoor Papaya Global and Time Savings:
The software application’s automation abilities have actually significantly lowered the time and effort needed for payroll processing. Handbook information entry and recurring tasks have actually been minimized, permitting our financing group to focus on strategic efforts instead of administrative problems. This has led to increased effectiveness and productivity within our monetary operations.
in one since each state has its own policies Californians are some of the most rigorous an example is pay slips on a payslip in California the ideal details needs to be on the payslip in the best format and in the best position if you’re in breach of of regulations for payslips the fines are provided per payslip so that’s each worker each pay slip will incur a fine thanks Ray thank you Elizabeth a lot to fret to think of and we’re just two concerns in and 10 minutes or two employing in one nation is hard enough however when employing in a you know on an international level it’s a completely various story you require to make certain that you depend on date with current along with pending regional labor laws Steve um how do you ensure and guarantee that individuals 2.0 team is on top of an ever-changing landscape and that your clients are fully supported and I’ll arrange this into three key things we do in primarily you require to have the ideal team so we work with a group of global experts in Work Practices um that ex that group of experts includes attorneys it includes payroll specialists it consists of HR specialists and these are people that not just understand the laws in these in these countries and areas however they also know the languages they understand the regional practices they know the cultures and it is very important to have that right team and genuinely 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 precise and prompt financial data is vital for decision-making. The platform’s reporting capabilities empower me to make educated tactical decisions based upon real-time insights into our worldwide 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 regulation otherwise known as the 2p guidelines in the UK the working time policies which has actually had numerous hairs of that legislation evaluated particularly around holiday pay and obviously as Kathy’s going to come on to discuss later on employment status which there’s been several precedence set for many years so I think it’s truly that continuous development of the employment law landscape that you really require to navigate when when operating in Europe fine thank you Elizabeth Ray what about you from your individual experience while moving across the pond as mentioned each nation has different guidelines but the United States is basically 50 countries
Scalability for Service Development:
One of 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 modifications in our labor force and payroll requirements. This scalability makes sure that our payroll infrastructure can adapt to the progressing requirements of our worldwide company.
Worldwide Chief legal officer we have actually got Elizabeth Beal who is our primary legal officer for Amia and we have actually got Ray Glimpse who is our senior vice president of client services and I would state individually and collectively these three people have Years of experience in in work law and worldwide Work Practices so thank you it’s a pleasure to be with everybody here today sounds like we’ve got the right people with us today and in in addition to to those well we also have one of our own Stars erase share head of Global Services at papaya Worldwide tell us about yourself thank you Elin Ian hello my name is Elite I’ve been with the business for around four and a half years as head of Partnerships I have actually developed Papaya’s network of in-country Partners in over 160 places on an individual element and related to our subject today I’ve had the chance to relocate and operate in 3 various countries it is the company’s responsibility to ensure my defense while living in a foreign nation compliance with local laws and guidelines is essential for me or anybody else as an expat or as a regional so today we have invited our trusted Partners individuals 2.0 to demonstrate the importance of local
knowledge when business Go Worldwide thank you and delight in all right thank you as I stated let’s carry on to the pact program today’s webinar is a chance to ask the panel the questions you’ve been considering we’ll discuss the facts a company needs to consider when opening a new entity and broadening into new nations as well as keeping things going we’ll cover elements such as regional regulations considerations when hiring 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 company grows the more they require to comprehend and handle knowing what to do in each new circumstance as it rises is necessary on lots of levels comprehending local policies and regional laws along with organization practices assists alleviate Associated and global growth papaya through our regional professionals can browse potential dangers such as copyright protection information personal privacy security concerns making sure the business’s operations stay certified and protected tax Social Security returns and remittances vary by country
In conclusion, Papaya Global Software application has proven to be a vital property in our mission for effective and certified international payroll management. As the CFO of a worldwide business, I am positive in suggesting Papaya Global to organizations seeking to enhance their payroll procedures, enhance compliance, and accomplish greater performance in handling their worldwide workforce. The software application’s ingenious features 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 publicly revealed settlements there’s likewise significant legal expenses there exists’s other penalties there’s other costs behind that too so the total expense can be extremely considerable in the 10s of millions of dollars or more and and those amounts are growing uh the reason companies are getting it so wrong is actually just the rules are complex and they’re changing all the time think ir-35 in the UK which has been an ongoing advancement for numerous years now and and still a lot of uncertainty among companies on what it truly implies and how you deal with it most companies are merely not knowledgeable about the rules and and act as if the the rules are the same everywhere which they’re not so so motivate you to to be extremely proactive as you’re engaging uh employees from a category point of view fine thank you Stephen and returning to yourself Ray it’s not only the business that suffers in the long run what impacts can this have on the staff member Glassdoor Papaya Global particularly when it pertains to their own tax liabilities social security and benefits for instance jury and obviously the workers the other side of the coin
I find time and time again the employees often misclassified unknowingly they don’t comprehend the conditions of work or contract and are informed by the customer why it’s most advantageous generally to the customer why you must be employed or engaged in this style the employee might owe taxes and Social Security to the authorities the future pension and health care opportunities of the worker can be affected and several times it can be years before this all falls out and by that time it’s too late years have gone by they have not contributed to pensions And so on so it’s a huge impact that they never knew they were walking into you could not agree with you more if you say the UK for example hmrc can go back as much as 10 years um Kathy companies are taking out insurance coverage versus misclassification but generally premiums are only covering the expense of legal fees whilst the average claim evaluated versus employers equates to to 40 or half of the base pay of employee exists any point in getting insurance coverage and what is the alternative yeah to your point um you do need to read 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 think if you managed to get the coverage 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
Expense Considerations and Glassdoor Papaya Global …
The thorough functions of come at a cost,
Over the past few years, the labor force has actually undergone a significant transformation with the introduction of remote work, which has eliminated geographical restrictions on hiring. This has enabled businesses to hire talent from all over the world, allowing them to put together the very best possible group for each role. As a result, workers have gotten greater flexibility to work from home and increase their revenues without needing to relocate to costly areas or commute cross countries. According to a 2022 study, 87% of employees who have the alternative to work from another location pick to do so. The COVID-19 pandemic, integrated with advancements in enterprise connection software application, has further sped up the shift towards remote work, even in industries that were initially reluctant to adopt the trend.
insights are valuable to us and and your fellow attendees so first things initially though um let’s be familiar with everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all type of Industries retail and Appeal to Aerospace in all types of businesses startup to matrixed environments across the globe I offered leadership and technique to populations of more than 100,000 employees 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 customers and solutions and serving as an advisor I want to introduce our very 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 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 really work very carefully with our um HR department also to deal with different legal and HR matters that come up so truly delighted to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our objective is to set you as HR experts totally free to do excellent
While Papaya Global offers integrations with various HR and financing systems, the implementation procedure was not without obstacles. Integrating the software application with our existing facilities needed extra modification, resulting in some delays in the preliminary rollout.
Paying FAQs Glassdoor Papaya Global 2024
and some smaller subsidiaries within our company found the pricing to be on the greater side. As an international company, stabilizing the requirement for advanced functions with budget restraints ended up being a fragile workout.
Client Support Response Time:
There were instances where our groups faced problems that required prompt help. However, the action time from’s customer assistance group was not always as fast as wanted, causing occasional hold-ups in problem resolution.
Our execution of involved a phased approach. We began by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing processes. This enabled us to recognize and resolve combination difficulties early on. As the software became more implanted in our operations, we slowly expanded its use to cover our whole global labor force.
The automated functions structured our payroll procedures, minimizing the time invested in manual estimations and compliance tracking. Regular training sessions and continuous support from Papaya helped our groups become skilled users of the software application, optimizing its capacity for our company.
Business that worker workers throughout numerous countries often face elaborate obstacles when it comes to managing their workforce. Among the biggest obstacles is combining various information streams and adhering to varied regional and national labor policies, which can be both time-consuming and pricey. Furthermore, establishing regional entities in brand-new areas can be a pricey and suboptimal option, with alternatives such as opening a foreign subsidiary or working with a professional work organization (PEO) often charging up to 15% of the payroll. These obstacles have actually resulted in a substantial increase in problem hiring qualified personnel, with 75% of companies reporting this concern in 2022, a 21% increase from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.
offers a solution supporting all kinds of work. It provides an end-to-end platform, from worker onboarding and ongoing management to global payments and. It assists business with labor law compliance in the jurisdictions in which they operate, provides management of employment advantages, and makes sure data personal privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading specialist in payroll and workforce management. She co-founded after seeing the technology space in international.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to participate in the total webcast in order to get your credits if you have any questions during 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 be sure to complete 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 presentation hey there and thank you for joining us today we’re enjoyed have you here as we start a journey of information to regulation accomplishing
360 degree employee compliance where we’ll dive into the necessary aspects of the employee compliance management model throughout the session we’ll check out real world obstacles genuine local guidelines finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your company and workers while staying certified in an
Ever progressing regulatory environment in the everchanging world of company and financing making sure compliance with payroll guidelines is not only important but likewise a legal crucial from the minute of working with to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant consequences however with a deeper more nuanced understanding of their obligations companies can not only browse the complex landscape but likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools needed to browse the complex Surface of compliance whether you’re a skilled P expert a small business owner or someone brand-new to the field what I wish to do before we start and I believe it’s truly important
In our mission to enhance performance and precision in managing our international labor force, our multinational corporation turned to, a leading and workforce management software application. The shift aimed to simplify the complex job of handling throughout numerous nations, currencies, and compliance regulations.
One of the standout features of is its robust compliance management system. The software application immediately updates itself to comply with ever-evolving tax and labor laws throughout multiple jurisdictions. This has been vital in ensuring that our procedures stay certified in each nation of operation.
is to state that the content here is not legal recommendations it is merely for your info please consult your legal team ought to you have any questions or issues in relation to anything that we have actually discussed today our secret take crucial takeaways by the end of the webinar will be an understanding of worker compliance risks how to employ ly with 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.
serve as your hris or is type of your core employee record um to manage that employee life process throughout their Journey with you as as a worker in addition to a payroll module we have to help you pay those employees and compensate them and advantages Administration module that allows you to assist manage the benefits you offer to your employees so truly thrilled to be here represent um bamb booy container and speak about this topic um and I guess from my viewpoint I’ll I’ll most likely provide a lot of a concentrate on the United States side of things when we talk about kind of compliance so delighted to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a bit about papay worldwide yes absolutely thank you Ian hey there everybody I’m Gina dorelis I’m the Work professional supervisor.
at I handle the work Council in the US APAC EMA and Israel region I also serve as us Council for I’m licensed in New york city and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we supply payroll payments and labor force management as a Service labor force service provider to workers serving in over.
160 nations okay thank you so both I feel totally underqualified sitting here with you both well I forgot to mention as we were kind of like going through the introduction so it’s really truly nice to actually see in the webinar chat where everyone’s actually going to from today I can see that we have people in Las Vegas and Indiana already so if you wish to carry on inform where you are that would be definitely fantastic whilst we just await everyone else to type of like participate in there we go Chicago also well um so whil we’re doing that I’m waiting for everybody to sort of join I’ll just run us through the agenda um today we are going to discuss employing Talent brand-new higher Information Management termination compliance and automation wow the chat has got actually truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from definitely all over which is fantastic so uh I’m hoping that we’re actually going to have some really excellent commentary and questions throughout the uh the webinar too all right so that’s the agenda 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 worker and their data is Glassdoor Papaya Global complex without fail and an.
Ever evolving relationship that begins the moment an individual signs up with a company it continues throughout their employment and Beyond this journey can be divided into k to a number of key stages whilst we’re in fact you understand that they’re utilized with us so on boarding day-to-day operations compensation and advantages professional development then we get to the offboarding and even advocacy so it even occurs after the employee has left your employment throughout the journey companies are responsible for collecting storing protecting staff member data in compliance with information privacy policies no matter where it is you’re running around the globe it typically involves implementing secure data management systems and guaranteeing strict adherence to local requirements to protect both the staff member and the organization the evolution of employee information and management c.