Papaya Global Russia 2024 – All You Need To Know

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

Papaya Global’s platform improves worldwide workforce management for companies, making sure compliance with local policies and tax laws. Their services encompass payroll processing, advantages administration, compliance oversight, time and participation tracking, and HR support. The platform centralizes international payroll operations, providing businesses with real-time insights and control. Founded in 2016, Papaya Global has actually expanded to Tel Aviv, New York, London, and Kiev.

https://www.youtube.com/watch?v=Bd5tXoxHSD4&pp=ygUOcGFwYXlhIGdsb2JhbCA%3D

In the dynamic landscape of global organization operations, handling payroll throughout borders can be a complex and tough task. As the Chief Financial Officer (CFO) of a global business, I comprehend the important value of effective and certified payroll management. In our pursuit of excellence, we have actually embraced ingenious options to simplify our processes, and one such transformative tool is Software.

The Obstacle of Worldwide Payroll:

Worldwide growth brings about diverse difficulties, and payroll management is no exception. Differing tax guidelines, differing work laws, and numerous currencies make it imperative for organizations to adopt advanced solutions to ensure precision, compliance, and efficiency in payroll processing.

Software: A Comprehensive Option:

staff members so it’s truly essential to make sure that you have actually considered from the outset any post-termination limitations that you wish to take into the contract of work that they’re enforceable so that indicates you require to truly think about what it is you’re wanting to secure and why plainly Define what’s included within the scope of that secret information and address the period of restriction post-determination that you want to apply and be truly able to to validate that in relation to copyright the position truly depends on the type of copyright you’re aiming to protect and also the jurisdiction so for instance from a copyright perspective in the Netherlands the end client is more likely to have the um copyright rights in a copyright that the employees produced who’s been under their guidance and control automatically however in someplace like Poland for instance that automatic right might not be there and that assignment would need to flow through the chain uh contractually so it actually depends upon the jurisdiction and the type of IP all right thank you Elizabeth Steve was remaining on the topic of contracts Miss classified misclassifying workers

Papaya Global Software application has 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 interface. As the CFO, I have experienced firsthand the positive effect of on our company’s monetary operations.

Unified Worldwide Payroll Processing:
allows our business to process payroll effortlessly across numerous countries. The platform’s unified approach permits consistent payroll calculations, lowering mistakes and guaranteeing compliance with local regulations. This has significantly mitigated the risks connected with international payroll processing.

also crucial for if in the future somebody states misclassification you have your file supported by the requisite files and that the ideal examination tools to reveal someone that you had a thoughtful process and so what do you have to consist of in that procedure it’s the who the what the where and the when who are you handling are you handling a specific or are you dealing with a personal Service Corporation and how are they running what are they doing is it the type of work that lends itself more to being an independent specialist than a staff member so for instance accounting

I.T crafting the creatives these all lend themselves more to that assessment of being freelancer you understand likewise uh where are they doing it can they work from anywhere or do they need to be on site and handled 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 job 6 years all of this is manageable but it needs to be documented and it has to be completely um investigated 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 internationally these tools take a questionnaire list for the employee the employee submits and fills these concerns out and so does the end client or the recipient of the services they both put their information into the tool and after that it does an examination waiting the various concerns because not every jurisdiction has the exact same sensation about some of these questions some believe they’re more vital than others and it brings out a red yellow or green red you’re most likely an employee yellow you’re on the cusp we can most likely help you with that in terms of a few of the important things you need to boost to make certain that you are given that assessment of uh independent contractor or green where you were assessed as an as a independent specialist once that evaluation is done all the requisite documents are underneath it so that if later on there

Automated Compliance:
Navigating the intricacies of international work laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company updated with changes in regulations throughout jurisdictions. This guarantees that our payroll processes follow the most recent requirements, minimizing the risk of non-compliance and associated penalties.

network of In-House outside consultants accounting companies and legal companies who assist us keep our databases totally as much as date and we also call on we need to when we see an unusual or or particularly intricate scenarios okay thanks Steve I can simply see a fast concern in the Q a window yes the session will be taped and sent to participants afterwards um returning to to the webinar itself Ray employer of record is managed 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 controlled yes Ian worker leasing or labor leasing as it’s likewise called which is prevalent in numerous countries particularly in Europe imposes rigorous policies on items such as the length of assignment it also assigns employees to collective bargaining agreements that gives them rights and advantages however even in the countries that do not have those strict policies for example the UK Canada and the nordics there are guidelines for each country and each worker is treated the same as all the other employees because nation and all those regulations need to be followed okay thank you Ray um Kathy moving I would state to yourself what do business require to consider when figuring out agreement status to safeguard themselves and the rights of hires what are the pros and cons of hiring professionals and Freelancers versus permanent workers so undoubtedly the the advantage of contractors versus employees is the the versatility for both the employee and for the employer um but I can’t worry enough how crucial it is to have a consistent comprehensive and a well-documented compliance

Efficiency

Papaya Global Russia and Time Cost Savings:

The software’s automation abilities have actually considerably reduced the time and effort required for payroll processing. Manual data entry and recurring tasks have been lessened, enabling our financing team to focus on tactical efforts rather than administrative burdens. This has actually led to increased effectiveness and productivity within our monetary operations.

in one given that each state has its own policies Californians are some of the most strict an example is pay slips on a payslip in California the right information has to be on the payslip in the best format and in the best position if you’re in breach of of regulations for payslips the fines are released per payslip so that’s each staff member each pay slip will incur a fine thanks Ray thank you Elizabeth a lot to fret to think of and we’re only two questions in and 10 minutes approximately employing in one country is challenging enough however when working with in a you understand on an international level it’s an entirely different story you require to ensure that you depend on date with current as well as pending local labor laws Steve um how do you ensure and ensure that individuals 2.0 team is on top of an ever-changing landscape which your customers are fully supported and I’ll organize this into 3 key things we perform in firstly you require to have the right group so we work with a group of worldwide specialists in Employment Practices um that ex that team of experts consists of legal representatives it consists of payroll experts it consists of HR experts and these are individuals that not just understand the laws in these in these nations and areas but they also understand the languages they know the local practices they understand the cultures and it is very important to have that best group and really have the team on the ground uh dealing with cl

Real-time Analytics and Reporting:

Papaya Global offers detailed real-time analytics and reporting tools. As a CFO, having access to accurate and timely financial data is essential for decision-making. The platform’s reporting capabilities empower me to make educated strategic decisions based on real-time insights into our international payroll information.

The practical application and degree of the application to work law can be evaluated through the legal system using case law examples. For instance, the acquired rights directive, likewise referred to as the 2p policies in the UK, and the working time guidelines have actually gone through various legal analyses, particularly relating to vacation pay. Furthermore, the concept of employment status has seen numerous legal precedents over the

Scalability for Organization Growth:
One of the standout features of Papaya Global is its scalability. As our business continues to grow and broaden into brand-new markets, the software flawlessly accommodates modifications in our workforce and payroll requirements. This scalability makes sure that our payroll infrastructure can adapt to the progressing needs of our global company.

Worldwide Chief legal officer we’ve got Elizabeth Beal who is our chief legal officer for Amia and we have actually got Ray Look who is our senior vice president of customer service and I would say individually and jointly these 3 individuals have Years of experience in in employment law and international Employment Practices so thank you it’s an enjoyment to be with everyone 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 one of our own Stars erase share head of Global Services at papaya Worldwide inform us about yourself thank you Elin Ian hi my name is Elite I have actually been with the company for around four and a half years as head of Collaborations I have actually developed Papaya’s network of in-country Partners in over 160 areas on a personal element and related to our subject today I’ve had the opportunity to relocate and operate in three various nations it is the company’s duty to ensure my security while residing in a foreign nation compliance with local laws and guidelines is vital for me or anybody else as an expat or as a regional so today we have invited our trusted Partners people 2.0 to show the value of local

know-how when business Go Global thank you and enjoy fine thank you as I stated let’s proceed to the pact agenda today’s webinar is a chance to ask the panel the questions you’ve been considering we’ll talk about the realities a company requires to think about when opening a new entity and expanding into brand-new countries in addition to keeping things going we’ll cover aspects such as regional regulations 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 global level is not for the faint-hearted the larger a company grows the more they require to comprehend and handle knowing what to do in each new scenario as it increases is important on lots of levels comprehending regional regulations and regional laws as well as service practices helps mitigate Associated and worldwide growth papaya through our local experts can browse potential threats such as intellectual property defense data personal privacy security concerns making sure the business’s operations stay compliant and safe tax Social Security returns and remittances vary by country

In conclusion, Papaya Global Software has actually shown to be an indispensable property in our quest for effective and compliant worldwide payroll management. As the CFO of an international business, I am positive in recommending Papaya Global to companies looking for to improve their payroll procedures, enhance compliance, and achieve greater effectiveness in managing their global workforce. The software application’s ingenious functions and dedication to quality line up with our tactical goals, 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 announced settlements there’s also substantial legal costs there exists’s other charges there’s other expenses behind that also so the total expense can be extremely substantial in the 10s of millions of dollars or more and and those amounts are growing uh the reason that companies are getting it so wrong is actually simply the guidelines are complex and they’re altering all the time believe ir-35 in the UK which has been an ongoing development for numerous years now and and still a great deal of unpredictability among companies on what it actually means and how you handle it most employers are merely not familiar with the guidelines and and act as if the the rules 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 category perspective fine thank you Stephen and moving back to yourself Ray it’s not only the business that suffers in the long run what effects can this have on the staff member Papaya Global Russia particularly when it concerns their own tax liabilities social security and benefits for example jury and certainly the workers the opposite of the coin

I find time and time again the workers often misclassified unconsciously they do not understand the conditions of employment or agreement and are informed by the client why it’s most advantageous mainly to the customer why you should be employed or taken part in this style the employee might owe taxes and Social Security to the authorities the future pension and health care opportunities of the worker can be impacted 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 haven’t added to pensions Etc so it’s a big impact that they never understood they were strolling into you couldn’t agree with you more if you state the UK for example hmrc can return as much as 10 years um Kathy companies are getting insurance versus misclassification but typically premiums are only covering the expense of legal charges whilst the average claim evaluated versus companies equates to to 40 or 50 percent of the base salary of worker is there any point in securing insurance and what is the alternative yeah to your point um you do need to check out the fine print it is not covering the taxes charge and interest for the most part I haven’t seen it 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 coverage on the basis of the fact that you were not in compliance with laws um in the UK

 

 

Cost Considerations and Papaya Global Russia …
The thorough functions of come at a cost,

 

Current years have actually seen a significant modification to the workforce as the increase of remote work has actually broken down geographical barriers to employing. Services can now employ staff from anywhere worldwide, permitting them to access the best offered talent for any given function. This provides employees more freedom to work from home and increase their income without transferring to expensive locations or travelling long distances. A 2022 study discovered that 87% of workers who have the opportunity to work from another location take that opportunity. The break out of COVID-19, in conjunction with brand-new business connection software, accelerated the move to remote work, including in industries previously reluctant to embrace the trend.

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

International I work across business male maning and developing external relationships supporting Enterprise clients and options and acting as a consultant I wish to present our first Greg um guest 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 said my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal team and really work really carefully with our um HR department too to manage various legal and HR matters that show up so truly thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our objective is to set you as HR specialists complimentary to do fantastic

Implementation Barriers:
Although Papaya Global offers combinations with various HR and finance systems, we experienced some difficulties throughout the combination procedure. Tailoring the software to align with our existing infrastructure showed to be more complicated than expected, leading to hold-ups in the initial rollout.

Prices Issues:
The extensive features offered by Papaya Global come at an expense, which some of our smaller subsidiaries discovered to be prohibitively expensive. As an international company, we had to carefully weigh the need for advanced functionality versus spending plan constraints.

https://www.youtube.com/watch?v=la2gZUsekfc

Assistance Reaction Time:
On occasion, our groups experienced problems that needed urgent help. However, the reaction time from Papaya Global’s client support team was not always as timely as we would have liked, causing delays in dealing with those issues.

Our execution of included a phased approach. We began by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing processes. This permitted us to recognize and resolve integration difficulties early on. As the software became more implanted in our operations, we gradually expanded its usage to cover our entire international labor force.

The automated functions structured our payroll procedures, lowering the time invested in manual estimations and compliance tracking. Routine training sessions and continuous support from Papaya assisted our groups become proficient users of the software, optimizing its capacity for our company.

Nevertheless, paying a workforce can be complicated. It is especially challenging for companies who employ staff across several nations, as they need to continuously consolidate various information streams, manually track regional and national labor and regulations, and spend valuable time and resources to set up regional entities in new locations. These companies are confronted with suboptimal, pricey choices, like opening a foreign subsidiary or hiring an expert employment organization, which is a local company that hires staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble recruiting qualified personnel, 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.

provides an option supporting all kinds of work. It provides an end-to-end platform, from worker onboarding and continuous management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they run, uses management of work advantages, and ensures information personal privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading specialist in payroll and labor force management. She co-founded after seeing the innovation space in global.

papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to attend the complete webcast in order to get your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast survey please be sure 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 presentation hi and thank you for joining us today we’re enjoyed have you here as we embark on a journey of data to policy accomplishing

360 degree worker compliance where we’ll dive into the essential aspects of the staff member compliance management design throughout the session we’ll check out real world obstacles genuine local policies finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to protect your company and workers while remaining certified in an

Ever progressing regulatory environment in the everchanging world of service and financing making sure compliance with payroll policies is not just essential however likewise a legal imperative from the minute of employing to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance dangers that have far-reaching effects nevertheless with a deeper more nuanced understanding of their responsibilities companies can not just navigate the elaborate 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 Surface of compliance whether you’re an experienced P professional a small business owner or someone brand-new to the field what I would like to do before we begin and I believe it’s actually crucial

In our mission to boost effectiveness and precision in handling our global workforce, our multinational corporation turned to, a leading and workforce management software. The shift aimed to streamline the complex job of managing across numerous nations, currencies, and compliance policies.

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 across numerous jurisdictions. This has been invaluable in making sure that our procedures remain certified in each nation of operation.

is to state that the content here is illegal recommendations it is merely for your information please consult your legal group ought to you have any concerns or issues in relation to anything that we’ve gone over today our secret take essential takeaways by the end of the webinar will be an understanding of staff member compliance threats how to employ ly with self-confidence how to streamline information management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we have actually.

function as your hris or is type of your core staff member 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 help you pay those employees and compensate them and advantages Administration module that enables you to help handle the benefits you provide to your employees so really delighted to be here represent um bamb booy jar and speak about this topic um and I think from my point of view I’ll I’ll most likely supply a lot of a concentrate on the United States side of things when we speak about sort of compliance so delighted to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to present yourself and inform the audience a bit about papay worldwide yes absolutely thank you Ian hi everybody I’m Gina dorelis I’m the Work professional supervisor.

at I manage the work Council in the United States APAC EMA and Israel region I also work as us Council for I’m accredited in New York and New Jersey um we guarantee compliance onboarding and offboarding of workers with regard to papaya we supply payroll payments and labor force management as a Service work force provider to employees serving in over.

160 nations okay thank you so both I feel completely underqualified sitting here with you both well I forgot to discuss as we were type of like going through the introduction so it’s truly truly great to in fact see in the webinar chat where everyone’s really participating in from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to continue inform where you are that would be definitely great whilst we simply wait for everyone else to kind of like participate there we go Chicago as well well um so whil we’re doing that I’m waiting for everybody to sort of join I’ll just run us through the agenda um today we are going to talk about working with Talent brand-new higher Details Management termination compliance and automation wow the chat has actually got truly really busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely all over which is wonderful so uh I’m hoping that we’re in fact going to have some actually terrific commentary and concerns throughout the uh the webinar too 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 worker and their data is Papaya Global Russia multifaceted without fail and an.

Ever evolving relationship that begins the minute an individual joins a company it continues throughout their work and Beyond this journey can be divided into k to a number of essential stages whilst we’re really you understand that they’re employed with us so on boarding daily operations payment and advantages professional development then we get to the offboarding and even advocacy so it even happens after the staff member has left your employment throughout the journey companies are accountable for gathering keeping safeguarding employee data in compliance with information personal privacy policies no matter where it is you’re operating all over the world it frequently includes executing protected data management systems and guaranteeing stringent adherence to regional requirements to protect both the staff member and the organization the evolution of staff member data and management c.

Papaya Global Russia 2024 – All You Need To Know

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

The platform makes it possible for companies to manage their worldwide labor force and adhere to regional work policies and tax laws. Papaya Global uses a variety of services, including payroll management, advantages administration, compliance management, time and presence tracking, and HR management. The platform is developed to simplify the complexities of worldwide payroll and supply real-time exposure 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.

https://www.youtube.com/watch?v=Bd5tXoxHSD4&pp=ygUOcGFwYXlhIGdsb2JhbCA%3D

In the dynamic landscape of international service operations, managing payroll across borders can be a complex and difficult task. As the Chief Financial Officer (CFO) of an international business, I understand the important value of efficient and compliant payroll management. In our pursuit of excellence, we have welcomed innovative options to streamline our procedures, and one such transformative tool is Software application.

The Difficulty of Global Payroll:

Worldwide expansion produces varied obstacles, and payroll management is no exception. Differing tax policies, varying work laws, and numerous currencies make it essential for organizations to embrace advanced options to guarantee accuracy, compliance, and effectiveness in payroll processing.

Software application: A Comprehensive Solution:

It is important to think about and consist of post-termination restrictions in the employment agreement to guarantee enforceability. You need to carefully identify what you are seeking to safeguard and clearly specify the secret information that falls within its scope. In addition, specify the period of the post-termination restriction and be prepared to justify it in relation to copyright. The guidelines relating to copyright vary depending upon the type of IP and the jurisdiction. For example, in the Netherlands, the end client is likely to have copyright rights over works produced by workers under their guidance, while in Poland, legal task may be needed.

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

Unified Global Payroll Processing:
enables our company to procedure payroll effortlessly across numerous countries. The platform’s unified technique permits consistent payroll estimations, decreasing errors and guaranteeing compliance with regional policies. This has actually significantly mitigated the threats related to worldwide payroll processing.

also crucial for if later somebody says misclassification you have your file supported by the requisite files and that the right evaluation tools to show someone that you had a thoughtful procedure therefore what do you need to include in that process it’s the who the what the where and the when who are you dealing with are you dealing with a specific or are you dealing with a personal Service Corporation and how are they operating what are they doing is it the kind of work that lends itself more to being an independent professional than an employee so for example accounting

I.T crafting the creatives these all lend themselves more to that evaluation of being freelancer you know likewise uh where are they doing it can they work from anywhere or do they have to be on website and managed once again another essential factor is the management and supervision of the uh employee and then lastly when is it a particular project is it a six-month project six years all of this is manageable but it has 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 worldwide these tools take a survey list for the employee the worker fills out and fills these concerns out and so does the end customer or the recipient of the services they both put their info into the tool and after that it does an evaluation waiting the different questions due to the fact that not every jurisdiction has the exact same sensation about some of these concerns some think they’re more vital than others and it comes out with a red yellow or green red you’re most likely an employee yellow you’re on the cusp we can probably help you with that in terms of a few of the things you require to bolster to make certain that you are given that examination of uh independent specialist or green where you were assessed as an as a independent professional once that evaluation is done all the requisite files are below it so that if later there

Automated Compliance:
Browsing the complexities of international employment laws and tax policies can be overwhelming. Papaya Global’s automated compliance engine keeps our company current with modifications in policies across jurisdictions. This makes sure that our payroll procedures comply with the latest standards, lessening the threat of non-compliance and associated penalties.

Effectiveness

Papaya Global Russia and Time Savings:

The software application’s automation abilities have significantly reduced the time and effort required for payroll processing. Handbook information entry and recurring jobs have been lessened, permitting our financing team to focus on tactical initiatives instead of administrative problems. This has led to increased effectiveness and productivity within our financial operations.

in one given that each state has its own guidelines Californians are a few of the most rigorous an example is pay slips on a payslip in California the best details 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 released per payslip so that’s each employee each pay slip will sustain a great thanks Ray thank you Elizabeth a lot to stress to think about and we’re only two questions in and 10 minutes or so working with in one country is difficult enough but when employing in a you know on a worldwide level it’s an entirely different story you require to make sure that you depend on 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 totally supported and I’ll arrange this into 3 key things we perform in firstly you require to have the best team so we employ a group of worldwide specialists in Work Practices um that ex that team of professionals consists of attorneys it includes payroll specialists it consists of HR specialists and these are individuals that not just know the laws in these in these nations and areas however they likewise understand the languages they understand the local practices they understand the cultures and it is very important to have that right team and truly have the group on the ground uh working with cl

Real-time Analytics and Reporting:

Papaya Global supplies comprehensive real-time analytics and reporting tools. As a CFO, having access to accurate and prompt financial data is vital for decision-making. The platform’s reporting capabilities empower me to make educated strategic choices based on real-time insights into our international payroll information.

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 obtained rights directive otherwise called the 2p policies in the UK the working time policies which has actually had different strands of that legislation checked particularly around holiday pay and of course as Kathy’s going to come on to speak about later work status which there’s been multiple precedence set over the years so I believe it’s truly that constant evolution of the employment law landscape that you actually need to browse when when operating in Europe all right thank you Elizabeth Ray what about you from your individual experience while crossing the pond as discussed each nation has various guidelines but the United States is basically 50 countries

Scalability for Service Development:
Among the standout functions of Papaya Global is its scalability. As our company continues to grow and expand into brand-new markets, the software application effortlessly accommodates changes in our labor force and payroll requirements. This scalability ensures that our payroll facilities can adapt to the progressing requirements of our international organization.

International Chief legal officer we’ve got Elizabeth Beal who is our chief legal officer for Amia and we’ve got Ray Look who is our senior vice president of customer service and I would state separately and jointly these 3 people have Years of experience in in employment law and worldwide Employment Practices so thank you it’s a satisfaction to be with everyone here today sounds like we’ve got the right people with us today and in in addition to to those well we likewise have one of our own Stars delete share head of Global Solutions at papaya International tell us about yourself thank you Elin Ian hello my name is Elite I’ve been with the business for around 4 and a half years as head of Partnerships I have developed Papaya’s network of in-country Partners in over 160 areas on a personal element and related to our subject today I’ve had the chance to move and work in three different nations it is the business’s duty to ensure my protection while residing in a foreign country compliance with local laws and guidelines is essential for me or anyone else as an expat or as a regional so today we have invited our relied on Partners individuals 2.0 to demonstrate the significance of local

know-how when business Go Worldwide thank you and delight in okay thank you as I said let’s proceed to the pact program today’s webinar is an opportunity to ask the panel the concerns you have actually been thinking of we’ll go over the facts a business requires to consider when opening a new entity and expanding into new countries as well as keeping things going we’ll cover elements such as local guidelines considerations when employing compliance crucial obstacles payments and what not to do it’s one of the most essential things remembering what not to do um operating on a global level is not for the faint-hearted the larger a company grows the more they require to understand and handle understanding what to do in each brand-new situation as it rises is essential on lots of levels comprehending regional guidelines and regional laws as well as company practices helps mitigate Associated and international growth papaya through our local professionals can navigate prospective risks such as intellectual property security information personal privacy security issues making sure the business’s operations stay compliant and safe tax Social Security returns and remittances differ by nation

In conclusion, Papaya Global Software application has proven to be an indispensable asset in our mission for effective and certified international payroll management. As the CFO of an international company, I am confident in suggesting Papaya Global to companies seeking to streamline their payroll processes, enhance compliance, and achieve higher performance in handling their worldwide labor force. The software’s ingenious functions and commitment to quality align with our strategic goals, making it an integral part of our financial operations.

I find time and time again the employees typically misclassified unconsciously they don’t understand the conditions of employment or agreement and are told by the client why it’s optimum generally to the customer why you should be used or participated in this fashion 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 several times it can be years before this all falls out and by that time it’s too late years have passed they haven’t contributed to pensions And so on so it’s a big effect that they never understood they were walking into you couldn’t agree with you more if you say the UK for example hmrc can return as much as 10 years um Kathy business are getting insurance against misclassification but typically premiums are only covering the cost of legal charges whilst the average claim examined against companies equates to to 40 or half of the base salary of worker exists any point in taking out insurance coverage and what is the alternative yeah to your point um you do require to read the small print it is not covering the taxes penalty and interest most of the times I have not seen it at least so uh the the other location that I do think 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 rejected coverage 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 Russia …
The comprehensive features of come at an expense,

 

Recent decades have seen a dramatic change to the workforce as the increase of remote work has actually broken down geographical barriers to employing. Businesses can now employ staff from anywhere worldwide, enabling them to access the best readily available skill for any given function. This offers employees more freedom to work from home and increase their earnings without relocating to expensive areas or travelling long distances. A 2022 survey discovered that 87% of workers who have the chance to work remotely take that opportunity. The break out of COVID-19, in conjunction with brand-new enterprise connection software, sped up the move to remote work, consisting of in industries previously reluctant to welcome the trend.

insights are valuable to us and and your fellow attendees so first things first though um let’s learn more about everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all sort of Industries retail and Beauty to Aerospace in all kinds of services startup to matrixed environments across the globe I supplied leadership and method to populations of more than 100,000 employees on a monthly basis and in over 170 countries today I’m the perel strategist for papaya

Worldwide I work throughout business guy maning and developing external relationships supporting Business clients and options and serving as an advisor I want to present our very first Greg um guest Greg who will kick things off by telling us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal team and really work very closely with our um HR department too to handle numerous legal and HR matters that turn up so truly delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our mission is to set you as HR professionals complimentary to do fantastic

Execution Barriers:
Although Papaya Global provides integrations with various HR and financing systems, we experienced some difficulties throughout the combination procedure. Personalizing the software application to align with our existing infrastructure showed to be more complex than prepared for, leading to hold-ups in the preliminary rollout.

Pricing Concerns:
The comprehensive functions used by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be prohibitively expensive. As a worldwide organization, we had to thoroughly weigh the need for innovative functionality against budget constraints.

https://www.youtube.com/watch?v=la2gZUsekfc

Support Reaction Time:
On occasion, our teams experienced concerns that needed urgent support. However, the reaction time from Papaya Global’s consumer support team was not always as prompt as we would have liked, leading to hold-ups in resolving those concerns.

Our application of included a phased approach. We started by onboarding a couple of subsidiaries to test the system’s compatibility with our existing procedures. This enabled us to determine and address integration obstacles early on. As the software application became more ingrained in our operations, we gradually broadened its usage to cover our whole global labor force.

The automated features streamlined our payroll processes, reducing the time spent on manual calculations and compliance tracking. Regular training sessions and ongoing support from Papaya helped our teams become proficient users of the software, optimizing its potential for our company.

Business that employee workers across several countries often deal with complex challenges when it pertains to managing their workforce. Among the greatest difficulties is consolidating various data streams and adhering to diverse local and nationwide labor regulations, which can be both lengthy and pricey. Furthermore, setting up local entities in new areas can be an expensive and suboptimal option, with options such as opening a foreign subsidiary or working with an expert employment organization (PEO) frequently charging up to 15% of the payroll. These challenges have actually caused a considerable boost in problem hiring qualified personnel, with 75% of employers reporting this concern in 2022, a 21% boost from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

uses an option supporting all types of work. It offers an end-to-end platform, from worker onboarding and ongoing management to worldwide payments and. It helps business with labor law compliance in the jurisdictions in which they operate, uses management of work benefits, and makes sure 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 gap in worldwide.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to attend the total webcast in order to receive your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your internet browser with the webcast study please be sure 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 presentation hi and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to guideline attaining

360 degree worker compliance where we’ll dive into the necessary aspects of the employee compliance management model throughout the session we’ll explore real life difficulties genuine regional policies finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to protect your company and workers while remaining certified in an

Ever progressing regulatory environment in the everchanging world of service and finance guaranteeing compliance with payroll guidelines is not just important however also a legal imperative from the moment of working with to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance dangers that have significant effects nevertheless with a deeper more nuanced understanding of their responsibilities organizations can not only browse the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools needed to browse the complex Terrain of compliance whether you’re a skilled P expert a small company owner or someone new to the field what I want to do before we begin and I believe it’s truly crucial

In our mission to boost effectiveness and accuracy in managing our worldwide labor force, our multinational corporation turned to, a leading and labor force management software application. The transition intended to streamline the complex task of managing across different countries, currencies, and compliance policies.

The Good:

Compliance Management:
One of the standout functions of is its robust compliance management system. The software application automatically updates itself to adhere to ever-evolving tax and labor laws throughout multiple jurisdictions. This has been vital in making sure that our procedures stay certified in each country of operation.

is to state that the material here is not legal advice it is simply for your details please consult your legal team should you have any questions or issues in relation to anything that we’ve discussed today our secret take crucial takeaways by the end of the webinar will be an understanding of worker compliance risks how to work with ly with self-confidence how to simplify information management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.

serve as your hris or is kind of your core staff member 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 employees and compensate them and benefits Administration module that allows you to help manage the advantages you provide to your staff members so really thrilled to be here represent um bamb booy jar and talk about this subject um and I guess from my point of view I’ll I’ll probably supply a great deal of a focus on the United States side of things when we speak about sort of compliance so happy to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to present yourself and inform the audience a little bit about papay global yes definitely thank you Ian hi everybody I’m Gina dorelis I’m the Employment specialist manager.

at I manage the work Council in the United States APAC EMA and Israel area I also work as us Council for I’m licensed in New york city and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we offer payroll payments and labor force management as a Service labor force service provider to workers serving in over.

160 countries okay thank you so both I feel entirely underqualified sitting here with you both well I forgot to discuss as we were sort of like going through the introduction so it’s really actually good to actually see in the webinar chat where everybody’s actually attending from today I can see that we have people in Las Vegas and Indiana currently so if you wish to carry on tell where you are that would be definitely great whilst we just wait on everybody else to type of like participate in there we go Chicago as well well um so whil we’re doing that I’m awaiting everyone to sort of join I’ll just run us through the program um today we are going to go over hiring Talent brand-new greater Details Management termination compliance and automation wow the chat has actually got actually truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely all over which is great so uh I’m hoping that we’re really going to have some truly excellent commentary and concerns throughout the uh the webinar too fine so that’s the agenda then what I ‘d like to Now cover is the the compliance and the Privacy side of things so the the Journey of an employee and their data is Papaya Global Russia diverse without fail and an.

Ever progressing relationship that begins the minute an individual signs up with an organization it continues throughout their employment and Beyond this journey can be divided into k to a number of key stages whilst we’re actually you understand that they’re used with us so on boarding daily operations compensation and advantages expert development then we get to the offboarding and even advocacy so it even takes place after the employee has actually left your employment throughout the journey companies are accountable for gathering keeping safeguarding employee information in compliance with data privacy guidelines no matter where it is you’re operating around the globe it often includes implementing safe data management systems and guaranteeing stringent adherence to local requirements to safeguard both the employee and the company the evolution of staff member information and management c.