A CFO’s Perspective on Sending Email Outlook Error Papaya Global…
The platform allows companies to handle their international workforce and comply with regional work guidelines and tax laws. Papaya Global uses a range of services, including payroll management, benefits administration, compliance management, time and presence tracking, and HR management. The platform is created to simplify the complexities of international payroll and provide real-time visibility and control over payroll operations. The company was founded in 2016 and is headquartered in Tel Aviv, Israel, with offices in New York, London, and Kiev.
In the vibrant landscape of global organization operations, handling payroll across borders can be a complex and difficult task. As the Chief Financial Officer (CFO) of an international business, I comprehend the crucial value of efficient and compliant payroll management. In our pursuit of quality, we have welcomed innovative options to streamline our procedures, and one such transformative tool is Software.
The Difficulty of Worldwide Payroll:
Worldwide growth brings about varied obstacles, and payroll management is no exception. Differing tax policies, differing work laws, and several currencies make it imperative for companies to embrace advanced options to ensure precision, compliance, and effectiveness in payroll processing.
Software application: A Comprehensive Service:
employees so it’s actually basic to ensure that you have actually thought about from the outset any post-termination constraints that you want to put into the contract of work that they’re enforceable so that means you need to actually consider what it is you’re looking to safeguard and why plainly Specify what’s included within the scope of that confidential information and address the period of restriction post-determination that you wish to use and be actually able to to validate that in relation to copyright the position really depends on the type of intellectual property you’re wanting to secure and likewise the jurisdiction so for instance from a copyright perspective in the Netherlands the end client is most likely to have the um copyright rights in a copyright that the workers produced who’s been under their supervision and control immediately nevertheless in someplace like Poland for instance that automatic right might not be there which project would require to flow through the chain uh contractually so it actually depends upon the jurisdiction and the kind of IP okay thank you Elizabeth Steve was staying on the topic of agreements Miss classified misclassifying staff members
Papaya Global Software application has become a game-changer in the realm of global payroll management. Its cloud-based platform incorporates payroll, workforce management, and employee benefits into a single, user-friendly user interface. As the CFO, I have actually experienced firsthand the favorable effect of on our organization’s financial operations.
Unified Global Payroll Processing:
allows our business to process payroll seamlessly throughout multiple countries. The platform’s unified approach permits constant payroll computations, minimizing errors and guaranteeing compliance with local policies. This has actually significantly reduced the risks connected with international payroll processing.
also essential for if later somebody states misclassification you have your file supported by the requisite files and that the right evaluation tools to show someone that you had a thoughtful process therefore what do you have to include in that process it’s the who the what the where and the when who are you dealing with are you handling a private or are you handling an individual Service Corporation and how are they running what are they doing is it the type of work that provides itself more to being an independent professional than an employee so for instance accounting
I.T crafting the creatives these all provide themselves more to that evaluation of being freelancer you understand also uh where are they doing it can they work from anywhere or do they need to be on website and handled again another key factor is the management and guidance of the uh worker and after that finally when is it a specific job 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 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 worldwide these tools take a survey list for the worker the worker fills out and fills these concerns out therefore does the end customer or the recipient of the services they both put their details into the tool and then it does an assessment waiting the different questions due to the fact that not every jurisdiction has the very same feeling about some of these questions some believe they’re more crucial than others and it comes out with a red yellow or green red you’re probably a worker yellow you’re on the cusp we can probably help you with that in terms of some of the things you need to boost to ensure that you are given that examination of uh independent professional 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 there
Navigating the complexities of worldwide work laws and tax regulations can be overwhelming. Papaya Global’s automated compliance engine keeps our company updated with changes in regulations across jurisdictions. This guarantees that our payroll processes stick to the current standards, 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 completely approximately date and we likewise get in touch with we need to when we see an unusual or or particularly complex situations okay thanks Steve I can just see a quick concern in the Q a window yes the session will be recorded and sent to participants afterwards um returning to to the webinar itself Ray company of record is managed in a different way worldwide and the German law for instance it’s classed as staff member leasing can you shed any light on some of the unique factors to consider for countries and where the eor model isn’t managed yes Ian worker leasing or labor leasing as it’s also called which prevails in several countries specifically in Europe imposes rigorous regulations on products such as the length of task it likewise assigns workers to collective bargaining arrangements that gives them rights and advantages however even in the countries that do not have those rigorous policies for example the UK Canada and the nordics there are regulations for each country and each employee is treated the like all the other workers in that nation and all those regulations need to be complied with all right thank you Ray um Kathy moving I would state to yourself what do companies need to factor in when identifying agreement status to safeguard themselves and the rights of hires what are the pros and cons of hiring professionals and Freelancers versus permanent staff members so obviously the the benefit of professionals versus employees is the the flexibility for both the employee and for the company um but I can’t stress enough how essential it is to have a consistent comprehensive and a well-documented compliance
Sending Email Outlook Error Papaya Global and Time Cost Savings:
The software application’s automation abilities have actually substantially lowered the time and effort required for payroll processing. Handbook data entry and recurring tasks have been reduced, enabling our finance team to concentrate on strategic initiatives instead of administrative concerns. This has actually led to increased effectiveness and productivity within our monetary operations.
in one since each state has its own regulations Californians are some of the most stringent an example is pay slips on a payslip in California the right info needs to be on the payslip in the ideal 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 staff member 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 employing in one nation is hard enough but when employing in a you know on an international level it’s an entirely different story you need to ensure that you’re up to date with present as well as pending local labor laws Steve um how do you make certain and guarantee that individuals 2.0 team is on top of an ever-changing landscape which your clients are completely supported and I’ll arrange this into three key things we perform in primarily you need to have the right group so we hire a group of global specialists in Employment Practices um that ex that group of professionals includes legal representatives it consists of payroll specialists it consists of HR professionals and these are people that not only know the laws in these in these nations and areas but they also know the languages they know the local practices they know the cultures and it is necessary to have that best group and truly have the team on the ground uh working with cl
Real-time Analytics and Reporting:
Papaya Global offers extensive 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 tactical decisions based upon real-time insights into our worldwide payroll information.
application and its scope and the manner in which it applies to employment law in practice can be evaluated through the judicial system by way of case law examples of that would be the acquired rights directive otherwise referred to as the 2p guidelines in the UK the working time policies which has actually had different hairs of that legislation checked particularly around holiday pay and obviously as Kathy’s going to come on to discuss later on employment status which there’s been multiple precedence set for many years so I think it’s really that consistent advancement of the employment law landscape that you really require to navigate when when working in Europe fine thank you Elizabeth Ray what about you from your personal experience while crossing the pond as discussed each country has various regulations but the United States is basically 50 countries
Scalability for Business Development:
Among the standout functions of Papaya Global is its scalability. As our company continues to grow and expand into new markets, the software application effortlessly accommodates modifications in our labor force and payroll requirements. This scalability makes sure that our payroll infrastructure can adapt to the evolving needs of our international organization.
Worldwide Chief legal officer we’ve got Elizabeth Beal who is our chief legal officer for Amia and we have actually got Ray Glimpse who is our senior vice president of customer service and I would say individually and jointly these 3 people have Decades of experience in in employment law and global Employment Practices so thank you it’s a pleasure to be with everyone here today seems like we have actually got the right people with us today and in in addition to to those well we also have among our own Stars erase share head of Global Provider at papaya International 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 established Papaya’s network of in-country Partners in over 160 areas on an individual aspect and related to our subject today I’ve had the opportunity to move and operate in three various countries it is the company’s responsibility to ensure my protection while living in a foreign country compliance with local laws and guidelines is crucial for me or anyone else as an expat or as a local so today we have welcomed our trusted Partners people 2.0 to show the importance of local
proficiency when business Go Worldwide thank you and enjoy alright thank you as I stated let’s move on to the pact agenda today’s webinar is an opportunity to ask the panel the concerns you’ve been considering we’ll go over the truths a business requires to consider when opening a brand-new entity and broadening into new countries along with keeping things going we’ll cover aspects such as regional guidelines factors to consider when hiring compliance essential challenges payments and what not to do it’s one of the most essential things remembering what not to do um operating on an international level is not for the faint-hearted the bigger a company grows the more they need to understand and manage knowing what to do in each new scenario as it rises is very important on numerous levels understanding local regulations and local laws along with organization practices assists alleviate Associated and international growth papaya through our local specialists can browse potential risks such as copyright protection data privacy security problems ensuring the business’s operations remain compliant and secure tax Social Security returns and remittances differ by nation
In conclusion, Papaya Global Software has shown to be an indispensable asset in our mission for efficient and compliant worldwide payroll management. As the CFO of an international business, I am positive in suggesting Papaya Global to companies looking for to streamline their payroll procedures, enhance compliance, and attain greater performance in managing their global workforce. The software’s innovative features and dedication to quality align with our tactical goals, making it an integral part of our financial operations.
I find time and time again the workers often misclassified unknowingly they do not comprehend the conditions of employment or agreement and are told by the customer why it’s most advantageous primarily to the customer why you ought to be utilized or engaged in this style the employee may owe taxes and Social Security to the authorities the future pension and healthcare privileges of the worker can be affected and numerous times it can be years before this all falls out and by that time it’s far too late years have passed they haven’t contributed to pensions And so on so it’s a huge effect that they never ever understood they were strolling into you couldn’t agree with you more if you say the UK for example hmrc can go back as much as 10 years um Kathy business are taking out insurance coverage against misclassification but normally premiums are just covering the expense of legal costs whilst the average claim evaluated against companies equates to to 40 or 50 percent of the base pay of employee exists any point in taking out insurance and what is the alternative yeah to your point um you do require to check out the small print it is not covering the taxes penalty and interest most of the times I haven’t seen it at least so uh the the other area that I do believe if you managed to get the protection what we are stating is is that if your compliance program is not up to stuff you could be denied coverage on the basis of the reality that you were not in compliance with laws um in the UK
Cost Considerations and Sending Email Outlook Error Papaya Global …
The extensive functions of come at a cost,
Current years have actually seen a remarkable modification to the workforce as the increase of remote work has actually broken down geographical barriers to working with. Businesses can now employ staff from anywhere worldwide, enabling them to access the best available skill for any given function. This offers employees more flexibility to work from home and increase their earnings without transferring to costly areas or commuting long distances. A 2022 survey discovered that 87% of employees who have the opportunity to work remotely take that chance. The break out of COVID-19, in conjunction with brand-new enterprise connection software, accelerated the move to remote work, including in industries formerly reluctant to embrace the pattern.
insights are valuable to us and and your fellow attendees so first things first though um let’s get to know everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Charm to Aerospace in all kinds of companies startup to matrixed environments across the globe I provided management and technique to populations of more than 100,000 workers on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya
Global I work across business male maning and constructing external relationships supporting Business clients and options and acting as an advisor I wish to introduce our very first Greg um visitor Greg who will kick things off by telling us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said 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 really closely with our um HR department too to deal with various legal and HR matters that come up so truly excited 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 experts complimentary to do great
Although Papaya Global supplies integrations with numerous HR and financing systems, we came across some hurdles during the combination procedure. Customizing the software application to line up with our existing facilities showed to be more complicated than anticipated, leading to delays in the initial rollout.
The extensive features offered by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be excessively expensive. As an international organization, we needed to carefully weigh the requirement for innovative functionality against budget plan restraints.
Assistance Action Time:
On occasion, our teams experienced issues that needed urgent assistance. However, the action time from Papaya Global’s client assistance group was not constantly as timely as we would have liked, leading to hold-ups in resolving those issues.
Our implementation of involved a phased method. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This enabled us to recognize and resolve integration challenges early on. As the software application ended up being more implanted in our operations, we gradually expanded its usage to cover our whole worldwide workforce.
The automated features streamlined our payroll processes, minimizing the time invested in manual computations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups end up being proficient users of the software, maximizing its potential for our company.
Nevertheless, paying a labor force can be complicated. It is particularly challenging for business who use staff across multiple countries, as they must constantly combine various data streams, by hand track local and national labor and policies, and invest important time and resources to set up regional entities in brand-new locations. These business are faced with suboptimal, costly alternatives, like opening a foreign subsidiary or employing an expert work organization, which is a local firm that works with staff members on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem hiring certified workers, a boost of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.
uses an option supporting all types of employment. It supplies an end-to-end platform, from staff member onboarding and continuous management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they run, provides management of employment benefits, and makes sure data privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the innovation space in international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to participate in the total webcast in order to receive your credits if you have any concerns throughout the webcast please click on the Q&A tab in your webinar controls and type the there a brand-new tab will open in your web browser with the webcast survey please make sure to complete it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re enjoyed have you here as we start a journey of data to policy attaining
360 degree worker compliance where we’ll dive into the necessary elements of the worker compliance management model throughout the session we’ll explore real world difficulties genuine regional regulations best practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your organization and workers while remaining certified in an
Ever evolving regulatory environment in the everchanging world of service and finance making sure compliance with payroll regulations is not only vital but also a legal crucial from the moment of working with to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant consequences however with a deeper more nuanced understanding of their obligations organizations can not just navigate the detailed landscape but likewise proactively guarantee this 360 degree compliance the webinar is developed to equip you with the knowledge and tools essential to navigate the complex Surface of compliance whether you’re a seasoned P professional a small company owner or somebody brand-new to the field what I would like to do before we start and I think it’s really essential
In our mission to enhance performance and accuracy in managing our worldwide workforce, our multinational corporation turned to, a leading and labor force management software application. The shift intended to simplify the complex job of managing across numerous countries, currencies, and compliance regulations.
Among the standout features of is its robust compliance management system. The software application instantly updates itself to comply with ever-evolving tax and labor laws throughout numerous jurisdictions. This has actually been vital in ensuring that our procedures stay compliant in each nation of operation.
is to state that the material here is not legal guidance it is merely for your information please consult your legal team needs to you have any questions or concerns in relation to anything that we have actually talked about today our key take essential takeaways by the end of the webinar will be an understanding of worker compliance dangers how to hire ly with self-confidence how to streamline information management and automation so let’s take ourselves a moment to acquaint ourselves with the webinar platform once again as we have actually.
serve as your hris or is type of your core employee record um to handle that employee life process throughout their Journey with you as as an employee in addition to a payroll module we have to assist you pay those workers and compensate them and advantages Administration module that permits you to help manage the benefits you offer to your staff members so really delighted to be here represent um bamb booy container and speak about this topic um and I guess from my point of view I’ll I’ll most likely supply a lot of a focus on the US side of things when we discuss kind of compliance so happy to be here thanks for having me Ian okay thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a bit about papay global yes absolutely thank you Ian hello everyone I’m Gina dorelis I’m the Work specialist supervisor.
at I handle the work Council in the US APAC EMA and Israel region I also serve as us Council for I’m accredited in New york city and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we supply payroll payments and labor force management as a Service labor force service provider to employees serving in over.
160 nations fine thank you so both I feel entirely underqualified sitting here with you both well I forgot to mention as we were kind of like going through the introduction so it’s really really nice to really see in the webinar chat where everyone’s actually participating in 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 wonderful whilst we just wait for everyone else to kind of like participate in there we go Chicago also well um so whil we’re doing that I’m waiting for everybody to kind of join I’ll just run us through the agenda um today we are going to talk about employing Talent brand-new greater Info Management termination compliance and automation wow the chat has actually got actually really hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from definitely all over which is wonderful so uh I’m hoping that we’re in fact going to have some truly fantastic commentary and questions throughout the uh the webinar also all right so that’s the agenda then what I want 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 Sending Email Outlook Error Papaya Global complex without fail and an.
Ever evolving relationship that starts the minute a person joins a company it continues throughout their work and Beyond this journey can be divided into k to several crucial stages whilst we’re actually you know that they’re used with us so on boarding day-to-day operations payment and advantages expert development then we get to the offboarding and even advocacy so it even takes place after the staff member has actually left your work throughout the journey companies are responsible for collecting saving protecting staff member data in compliance with data personal privacy regulations no matter where it is you’re running around the world it frequently involves executing safe information management systems and making sure strict adherence to local requirements to protect both the employee and the company the advancement of worker information and management c.