Papaya Global Poland 2024 – All You Need To Know

A CFO’s Viewpoint on Papaya Global Poland…

The platform enables business to manage their global workforce and abide by regional employment regulations and tax laws. Papaya Global uses a range of services, including payroll management, advantages administration, compliance management, time and presence tracking, and HR management. The platform is designed to streamline the complexities of worldwide payroll and supply real-time presence and control over payroll operations. The company was founded in 2016 and is headquartered in Tel Aviv, Israel, with workplaces in New York, London, and Kiev.

In the vibrant landscape of international business operations, handling payroll throughout borders can be a complex and difficult job. As the Chief Financial Officer (CFO) of a worldwide business, I comprehend the important value of efficient and certified payroll management. In our pursuit of excellence, we have embraced innovative services to simplify our processes, and one such transformative tool is Software.

The Challenge of International Payroll:

International growth produces varied challenges, and payroll management is no exception. Differing tax regulations, varying work laws, and numerous currencies make it vital for companies to adopt advanced options to guarantee precision, compliance, and effectiveness in payroll processing.

Software: A Comprehensive Option:

It is essential to think about and consist of post-termination restrictions in the employment agreement to guarantee enforceability. You must carefully identify what you are seeking to protect and plainly define the confidential information that falls within its scope. Additionally, define the period of the post-termination limitation and be prepared to validate it in relation to copyright. The rules relating to intellectual property differ depending on the type of IP and the jurisdiction. For example, in the Netherlands, completion client is most likely to have copyright rights over works produced by workers under their guidance, while in Poland, legal project might be needed.

Papaya Global Software application has emerged as a game-changer in the realm of global 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 positive effect of on our company’s financial operations.

Unified International Payroll Processing:
allows our company to process payroll flawlessly throughout multiple countries. The platform’s unified approach allows for constant payroll estimations, minimizing mistakes and ensuring compliance with regional guidelines. This has actually considerably mitigated the dangers connected with international payroll processing.

likewise crucial for if later on somebody says misclassification you have your file supported by the requisite files which the ideal examination tools to show someone that you had a thoughtful procedure therefore what do you need to include because procedure 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 provides itself more to being an independent specialist than a staff member so for example accounting

I.T crafting 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 have to be on website and handled once again another crucial element is the management and supervision of the uh worker and then finally when is it a specific job is it a six-month job six years all of this is manageable but it needs to be documented and it has to be completely um examined 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 survey list for the worker the worker submits and fills these concerns out therefore does the end client or the recipient of the services they both put their info into the tool and after that it does an assessment waiting the various questions since not every jurisdiction has the exact same sensation about some of these concerns some think they’re more crucial 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 help you with that in terms of some of the things you require to strengthen to ensure that you are given that evaluation of uh independent specialist or green where you were examined as an as a independent specialist once that evaluation is done all the requisite documents are below it so that if in the future there

Automated Compliance:
Browsing the intricacies of worldwide work laws and tax regulations can be overwhelming. Papaya Global’s automated compliance engine keeps our company updated with changes in regulations throughout jurisdictions. This ensures that our payroll procedures comply with the most recent requirements, minimizing the threat of non-compliance and associated penalties.

network of In-House outside consultants accounting firms and legal firms who help us keep our databases entirely as much as date and we also contact we require to when we see an unusual or or particularly complex circumstances okay thanks Steve I can simply see a fast question in the Q a window yes the session will be recorded and sent out to guests afterwards um returning to to the webinar itself Ray company of record is regulated differently worldwide and the German law for instance it’s classified as staff member leasing can you shed any light on a few of the special factors to consider for nations and where the eor design isn’t regulated yes Ian staff member leasing or labor leasing as it’s also called which prevails in numerous nations specifically in Europe enforces rigorous policies on items such as the length of project it likewise assigns workers to collective bargaining arrangements that provides rights and benefits but even in the countries that don’t have those strict policies for example the UK Canada and the nordics there are policies for each country and each worker is dealt with the same as all the other employees in that country and all those guidelines need to be abided by alright thank you Ray um Kathy moving I would say to yourself what do companies require to consider when identifying agreement status to protect themselves and the rights of hires what are the benefits and drawbacks of working with contractors and Freelancers versus irreversible employees so obviously the the benefit of professionals versus workers is the the versatility for both the worker and for the employer um but I can’t worry enough how essential it is to have a consistent extensive and a well-documented compliance

Performance

Papaya Global Poland and Time Savings:

The software application’s automation capabilities have substantially minimized the time and effort needed for payroll processing. Manual information entry and repeated jobs have been minimized, permitting our financing team to concentrate on strategic initiatives instead of administrative problems. This has resulted in increased efficiency and productivity within our financial operations.

in one given that each state has its own policies Californians are a few of the most rigorous an example is pay slips on a payslip in California the ideal information has to be on the payslip in the best format and in the ideal position if you’re in breach of of policies for payslips the fines are issued per payslip so that’s each staff member each pay slip will sustain a fine 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 nation is tough enough however when working with in a you understand on a worldwide level it’s an entirely different story you need to make sure that you depend on date with existing along with pending regional labor laws Steve um how do you make sure and guarantee that individuals 2.0 team is on top of an ever-changing landscape which your clients are fully supported and I’ll organize this into 3 key things we perform in most importantly you require to have the right team so we hire a group of worldwide professionals in Work Practices um that ex that group of professionals consists of attorneys it consists of payroll specialists it includes HR professionals and these are individuals that not only understand the laws in these in these countries 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 really have the team on the ground uh dealing with cl

Real-time Analytics and Reporting:

Papaya Global provides thorough real-time analytics and reporting tools. As a CFO, having access to precise and prompt financial information is essential for decision-making. The platform’s reporting abilities empower me to make educated strategic decisions based upon real-time insights into our worldwide 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 acquired rights directive otherwise known as the 2p regulations in the UK the working time regulations which has actually had various strands of that legislation evaluated especially around vacation pay and of course as Kathy’s going to come on to talk about later on employment status which there’s been numerous precedence set over the years so I believe it’s really that consistent development of the work law landscape that you actually require to browse when when working in Europe alright thank you Elizabeth Ray what about you from your individual experience while moving across the pond as discussed each nation has different policies but the United States is basically 50 nations

Scalability for Company Development:
One of the standout features of Papaya Global is its scalability. As our company continues to grow and expand into new markets, the software effortlessly accommodates changes in our labor force and payroll requirements. This scalability guarantees that our payroll facilities can adjust to the evolving requirements of our international 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 say individually and collectively these 3 individuals have Years of experience in in employment law and global Work Practices so thank you it’s a pleasure to be with everybody here today seems 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 Provider at papaya Worldwide inform 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 Collaborations I have developed Papaya’s network of in-country Partners in over 160 locations on an individual aspect and related to our subject today I’ve had the opportunity to move and work in 3 various nations it is the company’s duty to guarantee my protection while residing in a foreign nation compliance with regional laws and guidelines is crucial for me or anybody else as an expat or as a regional so today we have actually invited our trusted Partners individuals 2.0 to demonstrate the value of regional

competence when business Go Global thank you and delight in all right thank you as I stated let’s carry on to the pact agenda today’s webinar is a chance to ask the panel the questions you’ve been thinking about we’ll go over the truths a company requires to think about when opening a brand-new entity and broadening into new countries in addition to keeping things going we’ll cover elements such as local regulations considerations when employing compliance crucial obstacles 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 bigger a company grows the more they require to understand and handle understanding what to do in each brand-new circumstance as it increases is very important on lots of levels understanding regional regulations and local laws as well as service practices assists alleviate Associated and global expansion papaya through our local professionals can navigate potential threats such as copyright security data personal privacy security problems making sure the business’s operations stay certified and safe and secure tax Social Security returns and remittances differ by country

In conclusion, Papaya Global Software application has actually proven to be an important property in our quest for effective and certified international payroll management. As the CFO of an international company, I am positive in suggesting Papaya Global to organizations seeking to improve their payroll procedures, enhance compliance, and accomplish higher performance in handling their international labor force. The software’s ingenious functions and commitment to quality align with our strategic objectives, making it an integral part of our financial operations.

I discover time and time again the employees typically misclassified unknowingly they don’t comprehend the conditions of employment or contract and are informed by the client why it’s optimum mainly to the customer why you need to be used or participated in this fashion the employee may owe taxes and Social Security to the authorities the future pension and healthcare benefits of the employee can be affected and numerous times it can be years before this all falls out and by that time it’s far too late years have passed they haven’t added to pensions And so on 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 example hmrc can return as much as 10 years um Kathy companies are securing insurance against misclassification but normally premiums are only covering the expense of legal charges whilst the average claim examined versus employers corresponds to to 40 or half of the base pay of employee exists any point in getting insurance and what is the alternative yeah to your point um you do need to read the small print it is not covering the taxes penalty and interest in many cases I haven’t seen it a minimum of so uh the the other location that I do think if you managed to get the protection what we are saying is is that if your compliance program is not up to stuff 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 Poland …
The detailed features of come at a cost,

 

Recent decades have actually seen a significant change to the workforce as the rise of remote work has actually broken down geographical barriers to employing. Organizations can now work with personnel from anywhere worldwide, enabling them to access the best offered skill for any provided role. This provides workers more freedom to work from home and increase their earnings without moving to expensive locations or commuting fars away. A 2022 survey found that 87% of staff members who have the possibility to work remotely take that chance. The outbreak of COVID-19, in conjunction with new enterprise connectivity software, accelerated the relocate to remote work, consisting of in industries previously hesitant to welcome the trend.

insights are valuable to us and and your fellow guests so first things first though um let’s be familiar with everybody my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had roles in all sort of Industries retail and Charm to Aerospace in all types of services startup to matrixed environments across the globe I offered management and technique 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

Global I work throughout the business man maning and building external relationships supporting Business customers and solutions and serving as a consultant I ‘d like to introduce our 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 business counsil at bambo HR so I lead our in-house legal team and really work very carefully with our um HR department too to manage numerous legal and HR matters that turn up so truly delighted to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our mission is to set you as HR specialists totally free to do great

integration Challenges:
While Papaya Global deals integrations with different HR and finance systems, the execution procedure was not without obstacles. Incorporating the software with our existing facilities required extra personalization, causing some hold-ups in the initial rollout.

Paying FAQs Papaya Global Poland 2024

and some smaller subsidiaries within our company discovered the rates to be on the greater side. As a global business, stabilizing the need for innovative features with budget plan restrictions became a fragile exercise.
Consumer Assistance Reaction Time:
There were instances where our teams faced issues that needed prompt help. Nevertheless, the reaction time from’s client assistance group was not always as quick as desired, leading to periodic delays in concern resolution.

Our implementation of involved a phased technique. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to determine and deal with integration difficulties early on. As the software application ended up being more instilled in our operations, we gradually broadened its use to cover our entire worldwide workforce.

The automated functions streamlined our payroll processes, lowering the time spent on manual estimations and compliance tracking. Routine training sessions and continuous assistance from Papaya helped our teams end up being competent users of the software application, maximizing its capacity for our company.

Business that staff member workers throughout numerous countries frequently face complex obstacles when it pertains to handling their workforce. Among the biggest obstacles is combining different information streams and adhering to diverse local and nationwide labor regulations, which can be both lengthy and pricey. Additionally, setting up regional entities in new areas can be a costly and suboptimal choice, with options such as opening a foreign subsidiary or working with a professional work organization (PEO) typically charging up to 15% of the payroll. These obstacles have resulted in a considerable increase in difficulty recruiting certified personnel, with 75% of companies reporting this issue in 2022, a 21% increase from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.

uses a solution supporting all types of employment. It provides an end-to-end platform, from employee onboarding and continuous management to international payments and. It helps business with labor law compliance in the jurisdictions in which they run, provides management of employment advantages, and guarantees data 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 workforce management. She co-founded after seeing the technology space in global.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to participate in the total webcast in order to get your credits if you have any concerns throughout 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 study please be sure to complete 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 hey there and thank you for joining us today we’re enjoyed have you here as we start a journey of data to regulation accomplishing

360 degree employee compliance where we’ll dive into the essential aspects of the employee compliance management model throughout the session we’ll explore real life difficulties real regional guidelines finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your company 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 only important however also a legal essential from the moment of hiring to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance risks that have significant repercussions however with a deeper more nuanced understanding of their commitments companies can not just navigate the intricate landscape but likewise proactively guarantee this 360 degree compliance the webinar is developed to equip you with the understanding and tools necessary to browse the complex Terrain of compliance whether you’re a skilled P professional a small company owner or someone brand-new to the field what I want to do before we start and I believe it’s actually crucial

In our quest to improve efficiency and precision in handling our worldwide workforce, our international corporation turned to, a leading and labor force management software. The shift aimed to streamline the complex task of managing across various nations, currencies, and compliance regulations.

The Good:

Compliance Management:
One of the standout features of is its robust compliance management system. The software application automatically updates itself to comply with ever-evolving tax and labor laws across numerous jurisdictions. This has actually been invaluable in making sure that our processes remain compliant in each country of operation.

is to state that the content here is illegal guidance it is just for your information please consult your legal group ought to you have any questions or concerns 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 employee compliance dangers how to work with ly with self-confidence how to streamline data management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we’ve.

act as your hris or is sort of your core employee record um to manage that worker life cycle 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 enables you to help manage the benefits you offer to your employees so actually thrilled to be here represent um bamb booy container and speak about this topic um and I guess from my perspective I’ll I’ll probably provide a great deal of a focus on the US side of things when we discuss type of compliance so delighted to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a little bit about papay global yes absolutely thank you Ian hey there everyone I’m Gina dorelis I’m the Employment expert manager.

at I manage the work Council in the United States APAC EMA and Israel region I also act as us Council for I’m certified in New york city and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we provide payroll payments and labor force management as a Service labor force service provider to employees serving in over.

160 nations fine thank you so both I feel totally underqualified sitting here with you both well I forgot to discuss as we were kind of like going through the intro so it’s actually really nice to actually see in the webinar chat where everybody’s actually participating in from today I can see that we have people in Las Vegas and Indiana currently so if you want to continue inform where you are that would be absolutely fantastic whilst we simply await everybody else to sort of like participate in there we go Chicago as well well um so whil we’re doing that I’m waiting on everyone to kind of join I’ll just run us through the agenda um today we are going to talk about working with Skill new higher Information Management termination compliance and automation wow the chat has actually got truly really hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is wonderful so uh I’m hoping that we’re actually going to have some really terrific commentary and questions throughout the uh the webinar as well alright so that’s the program then what I wish to Now cover is the the compliance and the Privacy side of things so the the Journey of a staff member and their information is Papaya Global Poland diverse without fail and an.

Ever developing 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 numerous essential phases whilst we’re in fact you know that they’re used with us so on boarding daily operations payment and benefits expert advancement then we get to the offboarding and even advocacy so it even happens after the worker has left your employment throughout the journey companies are responsible for gathering saving securing employee data in compliance with data personal privacy regulations no matter where it is you’re running worldwide it typically involves implementing safe data management systems and making sure rigorous adherence to regional requirements to secure both the worker and the company the advancement of staff member information and management c.

Papaya Global Poland 2024 – All You Need To Know

A CFO’s Point of view on Papaya Global Poland…

The platform makes it possible for companies to manage their worldwide labor force and adhere to regional work guidelines and tax laws. Papaya Global uses a variety of services, consisting of payroll management, benefits administration, compliance management, time and attendance tracking, and HR management. The platform is created to streamline the intricacies of international payroll and supply real-time visibility and control over payroll operations. The business was founded in 2016 and is headquartered in Tel Aviv, Israel, with offices in New York, London, and Kiev.

In the vibrant landscape of global organization operations, managing payroll across borders can be a complex and difficult job. As the Chief Financial Officer (CFO) of a global company, I understand the important value of efficient and compliant payroll management. In our pursuit of excellence, we have welcomed ingenious options to streamline our processes, and one such transformative tool is Software application.

The Challenge of Global Payroll:

International growth produces diverse obstacles, and payroll management is no exception. Differing tax policies, differing employment laws, and several currencies make it crucial for organizations to embrace sophisticated solutions to ensure accuracy, compliance, and efficiency in payroll processing.

Software: A Comprehensive Option:

staff members so it’s really basic to make sure that you have actually thought about from the start any post-termination constraints that you wish to put into the agreement of work that they’re enforceable so that indicates you need to really think of what it is you’re wanting to safeguard and why clearly Define what’s included within the scope of that secret information and address the period of limitation post-determination that you wish to apply and be really able to to validate that in relation to copyright the position actually depends upon the kind of intellectual property you’re seeking to secure and also the jurisdiction so for instance from a copyright point of view in the Netherlands the end 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 automatically nevertheless in someplace like Poland for instance that automated right may not be there and that assignment would require to flow through the chain uh contractually so it really depends on the jurisdiction and the type of IP fine thank you Elizabeth Steve was remaining on the topic of agreements Miss categorized misclassifying workers

Papaya Global Software has actually become a game-changer in the world of global payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, user-friendly interface. As the CFO, I have actually seen firsthand the favorable effect of on our company’s monetary operations.

Unified International Payroll Processing:
allows our company to procedure payroll effortlessly across multiple nations. The platform’s unified technique allows for consistent payroll calculations, minimizing mistakes and making sure compliance with regional guidelines. This has considerably alleviated the threats associated with international payroll processing.

likewise essential for if later somebody says misclassification you have your file supported by the requisite documents which the ideal evaluation tools to show somebody that you had a thoughtful process therefore what do you have to consist of because process it’s the who the what the where and the when who are you handling are you handling a specific 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 professional than a worker so for example accounting

I.T crafting the creatives these all provide 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 website and handled again another crucial element is the management and guidance of the uh worker and then finally when is it a particular job is it a six-month task six years all of this is workable however it has to be recorded and it has to be completely um examined so we have a tool we call it ic2 we had an ic1 and we have actually improved it this year so that we can roll it out worldwide these tools take a questionnaire list for the employee the worker completes and fills these questions out therefore does the end customer or the recipient of the services they both put their info into the tool and then it does an assessment waiting the various concerns since not every jurisdiction has the very same sensation about some of these questions some think they’re more crucial than others and it comes out with a red yellow or green red you’re probably a worker yellow you’re on the cusp we can most likely help you with that in terms of a few of the things you need to reinforce to make certain that you are given that assessment of uh independent specialist or green where you were evaluated as an as a independent contractor once that assessment is done all the requisite documents are underneath it so that if later there

Automated Compliance:
Browsing the intricacies of international work laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company up-to-date with modifications in policies throughout jurisdictions. This guarantees that our payroll processes abide by the latest requirements, lessening the threat of non-compliance and associated penalties.

network of In-House outside consultants accounting firms and legal companies who assist us keep our databases entirely approximately date and we likewise get in touch with we need to when we see an unusual or or particularly complex scenarios okay thanks Steve I can simply see a fast question in the Q a window yes the session will be recorded and sent to attendees later on um returning to to the webinar itself Ray employer of record is controlled in a different way around the globe and the German law for example it’s classified as worker leasing can you shed any light on some of the special factors to consider for countries and where the eor model isn’t controlled yes Ian employee leasing or labor leasing as it’s likewise called which is prevalent in a number of countries especially in Europe imposes strict guidelines on products such as the length of assignment it likewise assigns employees to collective bargaining contracts that provides rights and benefits however even in the countries that don’t have those stringent guidelines for example the UK Canada and the nordics there are guidelines for each nation and each worker is treated the like all the other workers because nation and all those policies need to be complied with okay thank you Ray um Kathy moving I would say to yourself what do companies need to consider when figuring out contract status to protect themselves and the rights of hires what are the advantages and disadvantages of hiring professionals and Freelancers versus permanent workers so certainly the the benefit of contractors versus staff members is the the flexibility for both the worker and for the employer um however I can’t stress enough how crucial it is to have a consistent comprehensive and a well-documented compliance

Performance

Papaya Global Poland and Time Savings:

The software’s automation capabilities have actually considerably decreased the time and effort needed for payroll processing. Handbook information entry and repeated tasks have been minimized, permitting our finance group to focus on strategic initiatives instead of administrative concerns. This has actually resulted in increased performance and productivity within our monetary operations.

in one given that each state has its own regulations Californians are some of the most rigorous an example is pay slips on a payslip in California the best info needs to be on the payslip in the best format and in the right position if you remain in breach of of regulations for payslips the fines are issued per payslip so that’s each staff member each pay slip will incur a great thanks Ray thank you Elizabeth a lot to fret to consider and we’re just two concerns in and 10 minutes or so employing in one nation is hard enough but when hiring in a you know on a worldwide level it’s a totally different story you require to make sure that you’re up to date with existing along with pending regional labor laws Steve um how do you make certain and guarantee that the people 2.0 group is on top of an ever-changing landscape and that your customers are fully supported and I’ll organize this into 3 crucial things we do in primarily you need to have the right group so we work with a group of worldwide professionals in Work Practices um that ex that group of experts consists of attorneys it includes payroll specialists it consists of HR specialists and these are people that not only know the laws in these in these countries and areas however they likewise know the languages they know the local practices they know the cultures and it is essential to have that best team and really have the team on the ground uh dealing 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 essential for decision-making. The platform’s reporting abilities empower me to make informed strategic decisions based on real-time insights into our worldwide payroll data.

application and its scope and the way that 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 directive otherwise known as the 2p regulations in the UK the working time regulations which has had numerous strands of that legislation tested especially around vacation pay and naturally as Kathy’s going to come on to discuss later employment status which there’s been numerous precedence set throughout the years so I think it’s truly that continuous development of the employment law landscape that you really require to browse when when working in Europe all right thank you Elizabeth Ray what about you from your personal experience while crossing the pond as mentioned each country has different regulations however the United States is basically 50 countries

Scalability for Business Development:
One of the standout features of Papaya Global is its scalability. As our business continues to grow and broaden into new markets, the software application seamlessly accommodates changes in our workforce and payroll requirements. This scalability guarantees that our payroll infrastructure can adapt to the developing requirements of our international organization.

Worldwide Chief legal officer we’ve got Elizabeth Beal who is our primary legal officer for Amia and we’ve got Ray Look who is our senior vice president of client services and I would state individually and jointly these three individuals have Decades of experience in in employment law and international Employment Practices so thank you it’s a pleasure to be with everyone here today seems like we have actually got the right people with us today and in in addition to to those well we also have among our own Stars erase share head of Global Solutions at papaya International inform us about yourself thank you Elin Ian hello my name is Elite I have actually been with the company for around four and a half years as head of Partnerships I have established Papaya’s network of in-country Partners in over 160 locations on a personal element and related to our subject today I have actually had the chance to transfer and operate in 3 different countries it is the business’s responsibility to guarantee my protection while residing in a foreign nation compliance with regional laws and guidelines is vital for me or anybody else as an expat or as a regional so today we have invited our relied on Partners people 2.0 to show the significance of local

knowledge when companies Go Worldwide thank you and enjoy alright thank you as I stated let’s proceed to the pact agenda today’s webinar is an opportunity to ask the panel the concerns you’ve been considering we’ll talk about the realities a business needs to think about when opening a brand-new entity and expanding into new countries along with keeping things going we’ll cover aspects such as local guidelines considerations when working with compliance key obstacles payments and what not to do it is among the most crucial things remembering what not to do um operating on a global 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 brand-new circumstance as it increases is important on many levels comprehending local regulations and local laws along with organization practices helps reduce Associated and international growth papaya through our local professionals can navigate prospective dangers such as intellectual property security data personal privacy security issues guaranteeing the business’s operations remain compliant and protected tax Social Security returns and remittances differ by country

In conclusion, Papaya Global Software application has shown to be an important possession in our quest for efficient and certified worldwide payroll management. As the CFO of a global company, I am confident in advising Papaya Global to organizations seeking to streamline their payroll processes, boost compliance, and achieve greater efficiency in managing their worldwide workforce. The software application’s innovative functions and dedication to excellence line up with our strategic objectives, making it an integral part of our financial operations.

I discover time and time again the workers typically misclassified unconsciously they do not understand the conditions of employment or contract and are told by the client why it’s optimum primarily to the customer why you ought to be used or participated in this fashion the worker may owe taxes and Social Security to the authorities the future pension and healthcare benefits of the worker can be affected and a number of 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 And so on so it’s a big impact that they never knew they were walking into you couldn’t agree with you more if you state the UK for example hmrc can go back as much as ten years um Kathy companies are getting insurance versus misclassification however generally premiums are only covering the cost of legal charges whilst the typical claim evaluated versus companies relates to to 40 or half of the base salary of employee exists any point in securing insurance coverage and what is the alternative yeah to your point um you do need to check out the small print it is not covering the taxes charge and interest for the most part I haven’t seen it a minimum of so uh the the other area 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 stuff you could be denied protection on the basis of the truth that you were not in compliance with laws um in the UK

 

 

Expense Considerations and Papaya Global Poland …
The detailed functions of come at an expense,

 

Recent years have actually seen a remarkable change to the workforce as the rise of remote work has actually broken down geographical barriers to employing. Companies can now work with personnel from anywhere worldwide, permitting them to access the very best offered skill for any provided function. This gives workers more freedom to work from home and increase their earnings without transferring to costly areas or commuting long distances. A 2022 survey discovered that 87% of workers who have the possibility to work remotely take that chance. The outbreak of COVID-19, in conjunction with brand-new enterprise connection software, accelerated the transfer to remote work, consisting of in industries previously reluctant to accept the pattern.

insights are valuable to us and and your fellow attendees so first things first though um let’s learn more about everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had functions in all kind of Industries retail and Beauty to Aerospace in all types of organizations start-up to matrixed environments across the globe I offered leadership and technique to populations of more than 100,000 workers on a monthly basis and in over 170 nations today I’m the perel strategist for papaya

Global I work across the business male maning and building external relationships supporting Business customers and solutions and acting as an advisor I wish to introduce our very first Greg um guest Greg who will kick things off by informing us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal group and really work extremely closely with our um HR department also to deal with numerous legal and HR matters that come up so truly 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 professionals totally free to do fantastic

Implementation Barriers:
Although Papaya Global offers combinations with numerous HR and finance systems, we experienced some hurdles throughout the combination procedure. Personalizing the software application to align with our existing infrastructure showed to be more complicated than anticipated, resulting in hold-ups in the initial rollout.

Pricing Concerns:
The extensive features provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be excessively expensive. As a global organization, we had to thoroughly weigh the requirement for sophisticated functionality versus spending plan restraints.

Assistance Action Time:
On occasion, our teams experienced concerns that required urgent support. However, the reaction time from Papaya Global’s client support team was not constantly as prompt as we would have liked, causing hold-ups in dealing with those problems.

Our application of included a phased method. We began by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing procedures. This enabled us to identify and resolve integration challenges early on. As the software application became more implanted in our operations, we gradually broadened its use to cover our whole worldwide labor force.

The automated functions structured our payroll processes, minimizing the time spent on manual calculations and compliance tracking. Regular training sessions and ongoing assistance from Papaya assisted our teams become competent users of the software, optimizing its potential for our company.

Nevertheless, paying a labor force can be complex. It is particularly challenging for companies who employ personnel throughout several nations, as they need to continuously combine various information streams, manually track local and national labor and policies, and invest important time and resources to establish local entities in brand-new locations. These business are faced with suboptimal, expensive options, like opening a foreign subsidiary or working with a professional work company, which is a regional firm that works with staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported problem recruiting certified workers, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.

uses an option supporting all forms of employment. It supplies an end-to-end platform, from staff member onboarding and ongoing management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, offers management of work benefits, and makes sure 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 professional in payroll and workforce management. She co-founded after seeing the technology gap in worldwide.

papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to go to the total webcast in order to get your credits if you have any questions during the webcast please click on the Q&A tab in your webinar controls and type the there a brand-new tab will open in your internet browser with the webcast study please be sure to complete it as soon as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hello and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to policy achieving

360 degree employee compliance where we’ll dive into the essential aspects of the worker compliance management design throughout the session we’ll explore real life challenges genuine regional guidelines finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to protect your organization and staff members while staying compliant in an

Ever evolving regulatory environment in the everchanging world of business and finance ensuring compliance with payroll guidelines is not only vital but also a legal important from the moment of employing to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance risks that have significant consequences however with a much deeper more nuanced understanding of their responsibilities organizations can not only navigate the complex landscape but likewise proactively guarantee this 360 degree compliance the webinar is created to equip you with the understanding and tools necessary to browse the complex Terrain of compliance whether you’re an experienced P specialist a small business owner or someone brand-new to the field what I would like to do before we start and I think it’s really essential

In our mission to improve performance and precision in managing our worldwide labor force, our multinational corporation turned to, a leading and workforce management software application. The shift intended to streamline the complex task of handling throughout various countries, currencies, and compliance regulations.

The Good:

Compliance Management:
One of the standout features of is its robust compliance management system. The software instantly updates itself to adhere to ever-evolving tax and labor laws throughout multiple jurisdictions. This has been indispensable in guaranteeing that our processes remain compliant in each country of operation.

is to state that the content here is not legal advice it is just for your info please consult your legal group needs to you have any questions or concerns in relation to anything that we have actually gone over today our secret take key takeaways by the end of the webinar will be an understanding of staff member compliance dangers how to hire ly with confidence how to simplify information management and automation so let’s take ourselves a moment to acquaint ourselves with the webinar platform once again as we’ve.

serve as your hris or is type of your core worker record um to manage that worker life cycle throughout their Journey with you as as an employee in addition to a payroll module we have to assist you pay those staff members and compensate them and benefits Administration module that allows you to help manage the benefits you supply to your workers so truly excited 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 great deal of a focus on the United States side of things when we discuss kind of compliance so happy to be here thanks for having me Ian alright thanks Greg um Gina over to you would you like to present yourself and inform the audience a little bit about papay global yes absolutely thank you Ian hi everyone I’m Gina dorelis I’m the Work specialist supervisor.

at I handle the work Council in the United States APAC EMA and Israel area I likewise act as us Council for I’m certified in New York and New Jersey um we guarantee compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and labor force management as a Service work force company to employees serving in over.

160 countries okay thank you so both I feel totally 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 really good to in fact see in the webinar chat where everyone’s in fact participating in 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 absolutely fantastic 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 on everyone to type of join I’ll just run us through the agenda um today we are going to discuss working with Skill brand-new greater Info Management termination compliance and automation wow the chat has got truly truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is great so uh I’m hoping that we’re in fact going to have some really great commentary and questions throughout the uh the webinar as well fine so that’s the agenda then what I want to Now cover is the the compliance and the Privacy side of things so the the Journey of an employee and their information is Papaya Global Poland diverse without fail and an.

Ever evolving relationship that begins the minute a person signs up with a company it continues throughout their work and Beyond this journey can be divided into k to several essential phases whilst we’re in fact you understand that they’re utilized with us so on boarding everyday operations payment and advantages professional advancement then we get to the offboarding and even advocacy so it even happens after the worker has actually left your employment throughout the journey companies are responsible for collecting saving safeguarding worker data in compliance with data personal privacy regulations no matter where it is you’re running around the world it typically includes implementing secure data management systems and making sure stringent adherence to regional requirements to secure both the worker and the organization the evolution of staff member information and management c.