Papaya Global Portugal 2024 – All You Need To Know

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

The platform makes it possible for business to handle their worldwide workforce and adhere to regional work policies and tax laws. Papaya Global offers a variety of services, including payroll management, benefits administration, compliance management, time and participation tracking, and HR management. The platform is created to streamline the intricacies of worldwide payroll and supply real-time presence and control over payroll operations. The business was founded in 2016 and is headquartered in Tel Aviv, Israel, with offices in New york city, London, and Kiev.

In the vibrant landscape of international company operations, handling payroll across borders can be a complex and challenging task. As the Chief Financial Officer (CFO) of a global company, I understand the important importance of effective and compliant payroll management. In our pursuit of excellence, we have welcomed innovative options to streamline our processes, and one such transformative tool is Software.

The Challenge of Global Payroll:

Global growth causes varied obstacles, and payroll management is no exception. Differing tax guidelines, differing employment laws, and numerous currencies make it important for companies to embrace sophisticated services to guarantee precision, compliance, and effectiveness in payroll processing.

Software: A Comprehensive Option:

employees so it’s really basic to guarantee that you’ve considered from the beginning any post-termination restrictions that you wish to take into the agreement of employment that they’re enforceable so that indicates you require to actually think about what it is you’re wanting to protect and why clearly Define what’s consisted of within the scope of that confidential information and resolve the duration of restriction post-determination that you wish to use and be really able to to justify that in relation to intellectual property the position actually depends upon the kind of copyright you’re aiming to safeguard and also the jurisdiction so for example from a copyright viewpoint in the Netherlands the end customer is more likely to have the um intellectual property rights in a copyright that the workers produced who’s been under their guidance and control instantly however in somewhere like Poland for instance that automated right might not be there and that task would require to flow through the chain uh contractually so it actually depends upon the jurisdiction and the kind of IP alright thank you Elizabeth Steve was remaining on the topic of contracts Miss classified misclassifying employees

Papaya Global Software has actually emerged as a game-changer in the realm of international payroll management. Its cloud-based platform integrates payroll, labor force management, and employee benefits into a single, easy to use user interface. As the CFO, I have experienced firsthand the favorable effect of on our organization’s monetary operations.

Unified International Payroll Processing:
enables our business to process payroll perfectly across several countries. The platform’s unified method enables constant payroll calculations, reducing errors and ensuring compliance with regional regulations. This has actually substantially mitigated the threats related to international payroll processing.

also key for if in the future somebody says misclassification you have your file supported by the requisite documents which the right assessment tools to reveal someone that you had a thoughtful process and so what do you have to consist of in that process it’s the who the what the where and the when who are you dealing with are you handling an individual or are you dealing with an individual 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 specialist than an employee so for instance 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 have to be on site and managed again another crucial factor is the management and guidance of the uh employee and then lastly when is it a particular task is it a six-month task six years all of this is manageable but it needs to be recorded and it needs to be thoroughly um examined so we have a tool we call it ic2 we had an ic1 and we have actually enhanced it this year so that we can roll it out globally these tools take a survey list for the worker the employee fills out and fills these concerns out and so does completion client or the recipient of the services they both put their information into the tool and then it does an assessment waiting the different questions because not every jurisdiction has the exact same feeling about a few of these concerns some believe 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 most likely assist you with that in regards to a few of the important things you require to bolster to make certain that you are considered that assessment of uh independent contractor or green where you were assessed as an as a independent contractor once that evaluation is done all the requisite files are underneath it so that if later on there

Automated Compliance:
Navigating the complexities of worldwide employment laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company current with modifications in regulations across jurisdictions. This makes sure that our payroll procedures adhere to the current requirements, lessening the danger of non-compliance and associated penalties.

network of In-House outside advisors accounting firms and legal firms who help us keep our databases entirely approximately date and we also get in touch with we require to when we see an unusual or or especially complicated situations okay thanks Steve I can just see a fast concern in the Q a window yes the session will be taped and sent to attendees afterwards um returning to to the webinar itself Ray company of record is regulated differently around the globe and the German law for example it’s classed as staff member leasing can you shed any light on some of the special factors to consider for countries and where the eor model isn’t regulated yes Ian employee leasing or labor leasing as it’s also called which is prevalent in a number of countries specifically in Europe imposes stringent policies on items such as the length of project it likewise designates workers to collective bargaining arrangements that provides rights and advantages but even in the nations that don’t have those strict guidelines for instance the UK Canada and the nordics there are policies for each country and each employee is dealt with the like all the other employees because nation and all those policies need to be followed alright thank you Ray um Kathy moving I would say to yourself what do business require to consider when determining contract status to protect themselves and the rights of hires what are the advantages and disadvantages of hiring specialists and Freelancers versus long-term employees so certainly the the benefit of specialists versus staff members is the the versatility for both the employee and for the company um however I can’t stress enough how crucial it is to have a consistent extensive and a well-documented compliance

Effectiveness

Papaya Global Portugal and Time Savings:

The software application’s automation abilities have considerably reduced the time and effort required for payroll processing. Manual data entry and repeated tasks have been minimized, enabling our financing group to focus on strategic efforts rather than administrative burdens. This has resulted in increased efficiency and performance within our monetary operations.

in one considering that each state has its own guidelines Californians are some of the most strict an example is pay slips on a payslip in California the ideal information has to be on the payslip in the right format and in the right position if you’re in breach of of guidelines for payslips the fines are issued per payslip so that’s each worker each pay slip will sustain a fine thanks Ray thank you Elizabeth a lot to stress to think of and we’re just two concerns in and 10 minutes approximately working with in one nation is hard enough however when employing in a you understand on an international level it’s an entirely various story you need to make certain that you depend on date with existing as well as pending regional labor laws Steve um how do you make certain and ensure that individuals 2.0 group is on top of an ever-changing landscape which your clients are fully supported and I’ll arrange this into three key things we carry out in primarily you need to have the best team so we employ a team of global specialists in Work Practices um that ex that group of experts includes lawyers it consists of payroll experts it includes HR specialists and these are people that not only understand the laws in these in these countries and regions however they likewise know the languages they understand the regional practices they understand the cultures and it is essential to have that best team and truly have the team on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global offers thorough real-time analytics and reporting tools. As a CFO, having access to accurate and prompt monetary data is vital for decision-making. The platform’s reporting abilities empower me to make informed strategic choices based on real-time insights into our global payroll data.

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 regulation otherwise referred to as the 2p policies in the UK the working time regulations which has actually had different hairs of that legislation evaluated especially around holiday pay and of course as Kathy’s going to come on to discuss later work status which there’s been numerous precedence set for many years so I think it’s really that continuous development of the work law landscape that you truly need to navigate when when operating in Europe all right thank you Elizabeth Ray what about you from your personal experience while moving across the pond as pointed out each nation has different guidelines however the United States is essentially 50 countries

Scalability for Service Growth:
Among the standout features of Papaya Global is its scalability. As our business continues to grow and broaden into new markets, the software application perfectly accommodates modifications in our workforce and payroll requirements. This scalability guarantees that our payroll infrastructure can adapt to the developing needs of our international organization.

Global Chief legal officer we’ve 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 client services and I would say individually and collectively these three people have Decades of experience in in work law and global Work Practices so thank you it’s an enjoyment to be with everybody here today sounds like we have actually got the right people with us today and in in addition to to those well we likewise have among our own Stars erase share head of Global Provider at papaya Worldwide inform us about yourself thank you Elin Ian hi my name is Elite I have actually been with the business for around four and a half years as head of Collaborations I have established Papaya’s network of in-country Partners in over 160 places on an individual aspect and related to our subject today I’ve had the chance to transfer and work in three various countries it is the business’s duty to guarantee my protection while living in a foreign country compliance with regional laws and policies is essential for me or anyone else as an expat or as a regional so today we have actually welcomed our relied on Partners people 2.0 to show the significance of regional

competence when companies Go International thank you and take pleasure in alright thank you as I stated let’s carry on to the pact program today’s webinar is an opportunity to ask the panel the questions you’ve been considering we’ll go over the truths a company needs to consider when opening a new entity and expanding into brand-new countries in addition to keeping things going we’ll cover aspects such as regional policies considerations when working with compliance essential obstacles payments and what not to do it’s one of the most essential things remembering what not to do um operating on a worldwide level is not for the faint-hearted the larger a company grows the more they require to comprehend and handle understanding what to do in each brand-new situation as it rises is necessary on many levels comprehending regional regulations and local laws in addition to business practices helps mitigate Associated and global growth papaya through our regional experts can browse possible threats such as intellectual property protection information privacy security problems guaranteeing the company’s operations stay certified and safe and secure tax Social Security returns and remittances differ by nation

In conclusion, Papaya Global Software application has shown to be a vital possession in our mission for effective and compliant worldwide payroll management. As the CFO of a global company, I am confident in recommending Papaya Global to organizations looking for to improve their payroll processes, boost compliance, and achieve greater performance in handling their global workforce. The software application’s innovative features and commitment to excellence line up with our strategic objectives, making it an integral part of our financial operations.

I find time and time again the employees typically misclassified unknowingly they don’t understand the conditions of work or agreement and are told by the client why it’s most advantageous generally to the customer why you ought to be utilized or participated in this style the employee might owe taxes and Social Security to the authorities the future pension and health care 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 passed they have not contributed to pensions And so on so it’s a big effect that they never understood they were strolling into you couldn’t agree with you more if you state the UK for instance hmrc can go back as much as 10 years um Kathy companies are getting insurance coverage against misclassification however normally premiums are only covering the cost of legal fees whilst the average claim examined against companies corresponds to to 40 or half of the base pay of worker exists any point in getting insurance coverage and what is the alternative yeah to your point um you do need to check out the fine print it is not covering the taxes penalty and interest in most cases I have not seen it at least so uh the the other area 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 denied protection on the basis of the truth that you were not in compliance with laws um in the UK

 

 

Expense Factors to consider and Papaya Global Portugal …
The extensive features of come at an expense,

 

Recent years have seen a significant modification to the workforce as the increase of remote work has broken down geographical barriers to hiring. Businesses can now work with staff from anywhere worldwide, permitting them to access the best readily available skill for any provided role. This provides workers more liberty to work from home and increase their income without moving to costly locations or travelling long distances. A 2022 study found that 87% of staff members who have the opportunity to work from another location take that chance. The break out of COVID-19, in conjunction with brand-new enterprise connection software application, sped up the relocate to remote work, including in industries formerly reluctant to welcome the pattern.

insights are important to us and and your fellow participants so first things initially though um let’s get to know everybody my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Charm to Aerospace in all types of organizations startup to matrixed environments around the world I provided management and method to populations of more than 100,000 employees on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

Global I work throughout business man maning and developing external relationships supporting Enterprise clients and options and acting as a consultant I wish to present 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 internal legal group and in fact work really carefully with our um HR department also to handle numerous legal and HR matters that turn up so actually thrilled 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 great

integration Challenges:
While Papaya Global offers integrations with numerous HR and finance systems, the application process was not without difficulties. Incorporating the software application with our existing facilities needed additional customization, leading to some delays in the preliminary rollout.

Paying FAQs Papaya Global Portugal 2024

and some smaller subsidiaries within our organization found the prices to be on the greater side. As a global business, stabilizing the need for sophisticated functions with budget restrictions became a fragile exercise.
Consumer Assistance Action Time:
There were circumstances where our groups dealt with issues that needed timely assistance. However, the response time from’s consumer support team was not constantly as fast as preferred, resulting in periodic hold-ups in problem resolution.

Our execution of included a phased approach. We began by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing procedures. This permitted us to recognize and address integration difficulties early on. As the software application became more instilled in our operations, we slowly expanded its use to cover our entire global workforce.

The automated functions streamlined our payroll processes, reducing the time invested in manual calculations and compliance tracking. Routine training sessions and continuous assistance from Papaya helped our groups end up being skilled users of the software, maximizing its potential for our organization.

However, paying a workforce can be complicated. It is particularly challenging for business who employ staff across multiple nations, as they must constantly consolidate various information streams, by hand track local and national labor and guidelines, and spend valuable time and resources to set up regional entities in brand-new areas. These companies are confronted with suboptimal, expensive choices, like opening a foreign subsidiary or hiring a professional work company, which is a regional firm that works with employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty recruiting certified workers, a boost 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.

offers an option supporting all forms of employment. It provides an end-to-end platform, from employee onboarding and ongoing management to global payments and. It helps business with labor law compliance in the jurisdictions in which they operate, uses management of employment benefits, and guarantees information privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the technology space in worldwide.

papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to participate in the complete webcast in order to get your credits if you have any concerns during 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 certain 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 accomplishing

360 degree employee compliance where we’ll dive into the important elements of the staff member compliance management design throughout the session we’ll check out real world difficulties real regional policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to protect your organization and workers while remaining certified in an

Ever progressing regulative environment in the everchanging world of company and finance making sure compliance with payroll policies is not only vital however also a legal necessary from the minute of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance dangers that have significant consequences nevertheless with a deeper more nuanced understanding of their obligations companies can not only browse the elaborate landscape however likewise proactively ensure this 360 degree compliance the webinar is designed to equip you with the understanding and tools necessary to browse the complex Surface of compliance whether you’re an experienced P specialist a small company owner or someone new to the field what I want to do before we begin and I think it’s really crucial

In our mission to boost effectiveness and accuracy in managing our global workforce, our international corporation turned to, a leading and labor force management software application. The transition intended to streamline the complex task of handling across different nations, currencies, and compliance guidelines.

The Great:

Compliance Management:
Among 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 invaluable in ensuring that our procedures stay compliant in each country of operation.

is to state that the material here is illegal advice it is just for your details please consult your legal team needs to you have any questions or issues in relation to anything that we have actually gone over today our key take key takeaways by the end of the webinar will be an understanding of staff member compliance dangers how to employ ly with self-confidence how to simplify data management and automation so let’s take ourselves a moment to acquaint ourselves with the webinar platform once again as we have actually.

work as your hris or is kind of your core worker record um to manage that employee life process throughout their Journey with you as as a staff member in addition to a payroll module we need to help you pay those employees and compensate them and advantages Administration module that permits you to help handle the benefits you provide to your workers so actually thrilled to be here represent um bamb booy container and speak about this subject um and I guess from my viewpoint I’ll I’ll most likely provide a lot of a focus on the US side of things when we discuss sort of compliance so pleased to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a bit about papay international yes definitely thank you Ian hi everybody I’m Gina dorelis I’m the Work expert manager.

at I manage the work Council in the United States APAC EMA and Israel area I also function as us Council for I’m licensed in New York and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and labor force management as a Service labor force supplier to employees serving in over.

160 nations alright thank you so both I feel totally underqualified sitting here with you both well I forgot to point out as we were kind of like going through the intro so it’s truly actually great to really see in the webinar chat where everybody’s really attending from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to carry on 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 for everybody to type of join I’ll simply run us through the program um today we are going to go over working with Talent new greater Info Management termination compliance and automation wow the chat has got actually truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is fantastic so uh I’m hoping that we’re really going to have some truly great commentary and questions throughout the uh the webinar also fine so that’s the program then what I wish to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a worker and their information is Papaya Global Portugal diverse without fail and an.

Ever evolving relationship that starts the moment an individual joins an organization it continues throughout their work and Beyond this journey can be divided into k to a number of essential phases whilst we’re in fact you know that they’re utilized with us so on boarding everyday operations compensation and advantages professional development then we get to the offboarding and even advocacy so it even happens after the employee has left your work throughout the journey organizations are accountable for gathering saving safeguarding worker information in compliance with data personal privacy regulations no matter where it is you’re running around the globe it typically involves implementing protected data management systems and ensuring rigorous adherence to local requirements to secure both the staff member and the organization the advancement of employee data and management c.

Papaya Global Portugal 2024 – All You Need To Know

A CFO’s Perspective on Papaya Global Portugal…

Papaya Global’s platform enhances global workforce management for companies, ensuring compliance with local policies and tax laws. Their services encompass payroll processing, benefits administration, compliance oversight, time and attendance tracking, and HR support. The platform centralizes worldwide payroll operations, offering organizations with real-time insights and control. Founded in 2016, Papaya Global has actually broadened to Tel Aviv, New York City, London, and Kiev.

In the vibrant landscape of global service operations, handling payroll across borders can be a complex and difficult job. As the Chief Financial Officer (CFO) of a worldwide company, I understand the vital value of effective and compliant payroll management. In our pursuit of quality, we have actually embraced ingenious solutions to simplify our processes, and one such transformative tool is Software application.

The Difficulty of Global Payroll:

Worldwide expansion produces varied challenges, and payroll management is no exception. Differing tax regulations, varying work laws, and several currencies make it essential for organizations to embrace sophisticated options to ensure accuracy, compliance, and effectiveness in payroll processing.

Software: A Comprehensive Option:

It is crucial to think about and consist of post-termination constraints in the employment contract to make sure enforceability. You should carefully identify what you are seeking to safeguard and plainly define the secret information that falls within its scope. Additionally, define the duration of the post-termination constraint and be prepared to justify it in relation to copyright. The guidelines relating to intellectual property differ depending on the kind of IP and the jurisdiction. For example, in the Netherlands, the end client is likely to have copyright rights over works produced by employees under their supervision, while in Poland, legal project may be needed.

Papaya Global Software application has actually emerged as a game-changer in the world of global payroll management. Its cloud-based platform integrates payroll, workforce management, and employee benefits into a single, easy to use user interface. As the CFO, I have actually witnessed firsthand the positive impact of on our organization’s monetary operations.

Unified Global Payroll Processing:
enables our business to process payroll effortlessly throughout multiple nations. The platform’s unified technique enables consistent payroll estimations, reducing errors and making sure compliance with regional regulations. This has considerably reduced the dangers related to global payroll processing.

likewise crucial for if in the future somebody says misclassification you have your file supported by the requisite documents which the best evaluation tools to reveal somebody that you had a thoughtful procedure therefore what do you have to include because procedure it’s the who the what the where and the when who are you handling are you handling a private or are you handling an individual Service Corporation and how are they operating what are they doing is it the type of work that lends itself more to being an independent contractor than a worker so for example accounting

I.T engineering the creatives these all lend themselves more to that examination of being freelancer you know also uh where are they doing it can they work from anywhere or do they have to be on website and handled once again another essential element is the management and supervision of the uh worker and after that finally when is it a particular job is it a six-month job 6 years all of this is workable but it needs 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 globally these tools take a questionnaire list for the worker the employee fills out and fills these questions out and so does completion customer or the recipient of the services they both put their information into the tool and then it does an examination waiting the various concerns because not every jurisdiction has the exact same feeling about a few of these questions some believe 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 most likely help you with that in regards to a few of the things you need to bolster to make certain that you are considered that evaluation of uh independent contractor or green where you were evaluated as an as a independent professional once that assessment is done all the requisite files are below it so that if later on there

Automated Compliance:
Browsing the intricacies of global employment laws and tax policies can be frustrating. Papaya Global’s automated compliance engine keeps our organization current with modifications in policies throughout jurisdictions. This makes sure that our payroll procedures comply with the current standards, reducing the risk of non-compliance and associated charges.

network of In-House outside advisors accounting companies and legal companies who help us keep our databases totally up to date and we also contact we require to when we see an uncommon or or especially complex scenarios fine thanks Steve I can just see a fast question in the Q a window yes the session will be tape-recorded and sent to participants afterwards um moving back to to the webinar itself Ray employer of record is controlled in a different way all over the world and the German law for example it’s classified as employee leasing can you shed any light on some of the special considerations for countries and where the eor model isn’t managed yes Ian staff member leasing or labor leasing as it’s also called which is prevalent in a number of nations especially in Europe imposes rigorous regulations on items such as the length of project it likewise assigns workers to collective bargaining contracts that provides rights and benefits however even in the countries that do not have those rigorous regulations for instance the UK Canada and the nordics there are guidelines for each country and each worker is dealt with the same as all the other employees because nation and all those guidelines require to be complied with alright thank you Ray um Kathy moving I would say to yourself what do companies require to consider when figuring out agreement status to secure themselves and the rights of hires what are the pros and cons of employing specialists and Freelancers versus long-term employees so obviously the the benefit of contractors versus workers is the the flexibility for both the employee and for the employer um however I can’t stress enough how important it is to have a constant extensive and a well-documented compliance

Performance

Papaya Global Portugal and Time Savings:

The software’s automation abilities have significantly reduced the time and effort required for payroll processing. Manual information entry and repeated tasks have been reduced, allowing our finance group to focus on tactical efforts rather than administrative problems. This has actually resulted in increased performance and efficiency within our monetary operations.

in one because each state has its own regulations Californians are some of the most rigorous an example is pay slips on a payslip in California the ideal info has to be on the payslip in the right format and in the ideal 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 worry to consider and we’re only 2 questions in and 10 minutes or so hiring in one country is tough enough but when employing in a you understand on a global level it’s an entirely different story you need to make certain that you’re up to date with present in addition to pending local labor laws Steve um how do you make sure and ensure that the people 2.0 group is on top of an ever-changing landscape and that your customers are completely supported and I’ll arrange this into three key things we do in most importantly you need to have the right team so we work with a group of worldwide professionals in Employment Practices um that ex that group of specialists includes legal representatives it consists of payroll specialists it includes HR specialists and these are individuals that not only know the laws in these in these countries and regions but they likewise know the languages they understand the regional practices they understand the cultures and it is essential to have that best group and truly have the team on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global supplies detailed real-time analytics and reporting tools. As a CFO, having access to accurate and timely financial information is important for decision-making. The platform’s reporting abilities empower me to make informed strategic choices based on real-time insights into our worldwide payroll data.

application and its scope and the way that it applies to work law in practice can be tested through the judicial system by way of case law examples of that would be the gotten rights regulation otherwise referred to as the 2p policies in the UK the working time policies which has had different hairs of that legislation checked especially around vacation pay and obviously as Kathy’s going to come on to discuss later on work status which there’s been numerous precedence set throughout the years so I think it’s really that consistent development of the employment law landscape that you really require to navigate when when operating in Europe all right thank you Elizabeth Ray what about you from your personal experience while moving across the pond as discussed each nation has various regulations but the United States is essentially 50 countries

Scalability for Service Development:
One of the standout functions of Papaya Global is its scalability. As our business continues to grow and expand into new markets, the software application perfectly 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 organization.

Global Chief legal officer we’ve 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 client services and I would say separately and collectively these 3 individuals have Years of experience in in work law and worldwide Work 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 likewise have among our own Stars erase share head of Global Provider at papaya Worldwide tell us about yourself thank you Elin Ian hey there my name is Elite I have actually been with the business for around 4 and a half years as head of Collaborations I have actually established Papaya’s network of in-country Partners in over 160 locations on an individual aspect and related to our subject today I’ve had the opportunity to move and operate in three different nations it is the business’s duty to guarantee my defense while residing in a foreign country compliance with local laws and policies is crucial for me or anybody else as an expat or as a local so today we have welcomed our trusted Partners people 2.0 to demonstrate the importance of regional

proficiency when business Go Worldwide thank you and delight in fine thank you as I stated let’s move on to the pact agenda today’s webinar is a chance to ask the panel the concerns you’ve been thinking about we’ll go over the truths a business requires to think about when opening a new entity and expanding into new countries in addition to keeping things going we’ll cover aspects such as regional guidelines considerations when employing compliance essential obstacles payments and what not to do it’s one of the most important 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 scenario as it rises is important on many levels understanding local guidelines and local laws in addition to service practices helps mitigate Associated and worldwide expansion papaya through our local professionals can navigate potential risks such as intellectual property defense data privacy security issues making sure the business’s operations stay compliant and safe tax Social Security returns and remittances vary by nation

In conclusion, Papaya Global Software application has actually shown to be an invaluable possession in our quest for efficient and compliant global payroll management. As the CFO of a global company, I am positive in suggesting Papaya Global to organizations looking for to simplify their payroll processes, enhance compliance, and attain greater efficiency in managing their international workforce. The software’s ingenious features and commitment to excellence align with our tactical objectives, making it an integral part of our monetary operations.

publicly revealed and it was 100 million dollar settlement that Uber made with the state of New Jersey one state in addition to the publicly revealed settlements there’s also significant legal expenses there’s there’s other charges there’s other costs behind that too so the total cost can be very substantial in the 10s of countless dollars or more and and those quantities are growing uh the reason why business are getting it so incorrect is actually simply the guidelines are complicated and they’re changing all the time think ir-35 in the UK which has actually been a continuous advancement for several years now and and still a great deal of uncertainty among business on what it actually suggests and how you handle it most companies are just not familiar with the guidelines and and act as if the the guidelines are the same all over which they’re not so so motivate you to to be really proactive as you’re engaging uh workers from a classification perspective alright thank you Stephen and returning to yourself Ray it’s not just the business that suffers in the long run what impacts can this have on the employee Papaya Global Portugal especially when it comes to their own tax liabilities social security and benefits for example jury and obviously the workers the other side of the coin

I find time and time again the workers typically misclassified unknowingly they don’t comprehend the conditions of employment or agreement and are told by the customer why it’s most advantageous mainly to the client why you need to be used or taken part in this style the worker may owe taxes and Social Security to the authorities the future pension and healthcare advantages 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 too late years have actually passed they have not added to pensions And so on so it’s a big impact that they never ever understood 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 10 years um Kathy business are taking out insurance versus misclassification but usually premiums are only covering the cost of legal fees whilst the average claim evaluated versus employers equates to to 40 or 50 percent of the base salary of employee is there any point in taking out insurance coverage and what is the alternative yeah to your point um you do need to read the small print it is not covering the taxes charge and interest in many cases I haven’t seen it a minimum of so uh the the other location that I do think if you managed to get the protection what we are stating is is that if your compliance program is not up to pack you could be rejected coverage on the basis of the fact that you were not in compliance with laws um in the UK

 

 

Cost Factors to consider and Papaya Global Portugal …
The detailed functions of come at an expense,

 

Over the past few decades, the labor force has actually gone through a substantial improvement with the introduction of remote work, which has eliminated geographical restrictions on hiring. This has actually enabled organizations to recruit talent from all over the world, allowing them to assemble the best possible team for each function. As a result, workers have acquired higher versatility to work from home and increase their incomes without needing to transfer to pricey locations or commute fars away. According to a 2022 survey, 87% of workers who have the choice to work remotely select to do so. The COVID-19 pandemic, integrated with advancements in enterprise connectivity software application, has further sped up the shift towards remote work, even in industries that were at first reluctant to adopt the pattern.

insights are valuable to us and and your fellow attendees so first things first though um let’s get to know everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Appeal to Aerospace in all kinds of companies start-up to matrixed environments across the globe I offered management and technique to populations of more than 100,000 staff members on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

International I work throughout business man maning and building external relationships supporting Enterprise clients and solutions and serving as an advisor I wish 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 internal legal team and actually work very closely with our um HR department as well to handle different legal and HR matters that show up so actually delighted to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our mission is to set you as HR professionals free to do excellent

integration Challenges:
While Papaya Global offers integrations with different HR and finance systems, the application process was not without challenges. Integrating the software application with our existing facilities required extra personalization, resulting in some delays in the preliminary rollout.

Paying FAQs Papaya Global Portugal 2024

and some smaller subsidiaries within our company found the prices to be on the greater side. As a global business, stabilizing the need for sophisticated functions with spending plan restraints ended up being a fragile workout.
Consumer Assistance Response Time:
There were instances where our teams faced issues that needed timely help. However, the reaction time from’s client support group was not always as fast as preferred, causing periodic hold-ups in concern resolution.

Our execution of involved a phased technique. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing processes. This allowed us to recognize and deal with combination difficulties early on. As the software became more ingrained in our operations, we gradually expanded its usage to cover our whole global workforce.

The automated functions streamlined our payroll procedures, reducing the time spent on manual estimations and compliance tracking. Routine training sessions and continuous support from Papaya helped our groups end up being proficient users of the software, maximizing its capacity for our company.

Nevertheless, paying a workforce can be complex. It is particularly challenging for business who utilize personnel across multiple countries, as they should continuously consolidate various data streams, by hand track regional and national labor and guidelines, and invest important time and resources to establish local entities in new locations. These companies are faced with suboptimal, expensive alternatives, like opening a foreign subsidiary or hiring a professional work organization, which is a local company that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble hiring certified personnel, a boost 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.

provides an option supporting all kinds of employment. It provides an end-to-end platform, from employee onboarding and ongoing management to international payments and. It helps companies with labor law compliance in the jurisdictions in which they run, provides management of employment advantages, and guarantees information personal privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading professional in payroll and labor force management. She co-founded after seeing the technology gap in worldwide.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to attend the complete webcast in order to get your credits if you have any questions 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 internet browser with the webcast survey please make certain to finish it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to regulation achieving

360 degree staff member compliance where we’ll dive into the important aspects of the staff member compliance management design throughout the session we’ll check out real life difficulties genuine regional policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your organization and staff members while remaining compliant in an

Ever evolving regulatory environment in the everchanging world of organization and financing ensuring compliance with payroll regulations is not just crucial but also a legal essential from the moment of hiring to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance dangers that have far-reaching consequences nevertheless with a deeper more nuanced understanding of their obligations organizations can not just browse the intricate landscape but also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools essential to browse the complex Surface of compliance whether you’re an experienced P expert a small company owner or somebody brand-new to the field what I would like to do before we start and I believe it’s truly essential

In our quest to enhance effectiveness and accuracy in handling our international labor force, our international corporation turned to, a leading and labor force management software application. The shift intended to streamline the complex task of handling throughout various nations, currencies, and compliance policies.

The Great:

Compliance Management:
One of the standout functions of is its robust compliance management system. The software application immediately updates itself to comply with ever-evolving tax and labor laws across multiple jurisdictions. This has actually been vital in ensuring that our procedures remain certified in each country of operation.

is to state that the content here is not legal recommendations it is merely for your information please consult your legal team ought to you have any questions or concerns in relation to anything that we’ve gone over today our secret take key takeaways by the end of the webinar will be an understanding of worker compliance risks how to hire ly with self-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 have actually.

function as your hris or is sort of your core worker record um to handle that staff member life process throughout their Journey with you as as an employee in addition to a payroll module we have to help you pay those staff members and compensate them and advantages Administration module that permits you to help manage the advantages you supply to your employees so really thrilled to be here represent um bamb booy jar and talk about this topic um and I guess from my point of view I’ll I’ll probably offer a great deal of a concentrate on the US side of things when we discuss sort 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 tell the audience a bit about papay international yes absolutely thank you Ian hey there everyone I’m Gina dorelis I’m the Work specialist manager.

at I handle the work Council in the US APAC EMA and Israel region I likewise work as us Council for I’m licensed in New York and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and labor force management as a Service work force supplier 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 discuss as we were type of like going through the introduction so it’s really actually great to really see in the webinar chat where everyone’s in fact going to from today I can see that we have people in Las Vegas and Indiana already so if you want to continue tell where you are that would be definitely wonderful whilst we just wait on everyone else to type of like take part there we go Chicago also 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 discuss employing Skill brand-new greater Information Management termination compliance and automation wow the chat has actually got truly truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is great so uh I’m hoping that we’re really going to have some truly excellent commentary and questions throughout the uh the webinar as well okay so that’s the program then what I ‘d like to Now cover is the the compliance and the Privacy side of things so the the Journey of a worker and their information is Papaya Global Portugal multifaceted without fail and an.

Ever developing relationship that starts the minute 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 really you know that they’re employed with us so on boarding everyday operations payment and benefits expert development then we get to the offboarding and even advocacy so it even takes place after the staff member has left your work throughout the journey companies are responsible for collecting saving securing employee information in compliance with data privacy regulations no matter where it is you’re running around the world it often includes executing secure information management systems and making sure stringent adherence to regional requirements to safeguard both the employee and the organization the advancement of employee data and management c.