Papaya Global Greece 2024 – All You Need To Know

The Obstacle of Worldwide Payroll: Papaya Global Greece …

International expansion produces diverse obstacles, and payroll management is no exception. Differing tax guidelines, varying employment laws, and numerous currencies make it essential for organizations to embrace advanced services to guarantee precision, compliance, and effectiveness in payroll processing.

Software application: A Comprehensive Service:

workers so it’s actually essential to make sure that you have actually considered from the beginning any post-termination restrictions that you wish to take into the agreement of work that they’re enforceable so that means you require to really consider what it is you’re seeking to safeguard and why plainly Define what’s consisted of within the scope of that confidential information and resolve the duration of restriction post-determination that you want to use and be really able to to justify that in relation to intellectual property the position really depends upon the type of copyright you’re wanting to protect and likewise the jurisdiction so for instance from a copyright viewpoint in the Netherlands the end customer is most likely to have the um intellectual property rights in a copyright that the workers produced who’s been under their supervision and control immediately nevertheless in somewhere like Poland for example that automated right might not be there which project would need to stream through the chain uh contractually so it truly depends upon the jurisdiction and the type of IP okay thank you Elizabeth Steve was remaining on the topic of contracts Miss categorized misclassifying employees

Papaya Global Software application has emerged as a game-changer in the world of worldwide payroll management. Its cloud-based platform incorporates payroll, labor force management, and employee benefits into a single, user-friendly user interface. As the CFO, I have seen firsthand the positive impact of on our company’s financial operations.

Unified International Payroll Processing:
enables our business to procedure payroll flawlessly throughout numerous nations. The platform’s unified method allows for consistent payroll calculations, lowering mistakes and making sure compliance with regional guidelines. This has considerably mitigated the risks connected with international payroll processing.

likewise crucial for if later somebody says misclassification you have your file supported by the requisite documents which the best evaluation tools to reveal someone that you had a thoughtful process and so what do you need to consist of in that procedure it’s the who the what the where and the when who are you handling are you dealing with an individual or are you dealing with an individual 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 specialist than an employee so for example accounting

I.T crafting the creatives these all lend 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 website and managed again another crucial element is the management and supervision of the uh worker and then lastly 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 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 employee submits and fills these concerns out therefore does the end client or the recipient of the services they both put their information into the tool and then it does an examination waiting the various questions due to the fact that not every jurisdiction has the exact same feeling about some of these concerns some believe 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 assist you with that in terms of a few of the important things you require to bolster to make sure that you are given that evaluation of uh independent specialist or green where you were assessed as an as a independent contractor once that examination is done all the requisite files are underneath it so that if later on there

Automated Compliance:
Browsing the intricacies of global employment laws and tax regulations can be frustrating. Papaya Global’s automated compliance engine keeps our company updated with changes in guidelines across jurisdictions. This guarantees that our payroll processes abide by the current requirements, reducing the risk of non-compliance and associated penalties.

Efficiency

Papaya Global Greece and Time Savings:

The software application’s automation abilities have considerably reduced the time and effort required for payroll processing. Handbook information entry and recurring tasks have actually been reduced, allowing our finance group to focus on strategic efforts rather than administrative burdens. This has actually led to increased efficiency and performance within our financial 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 information needs to be on the payslip in the ideal 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 employee each pay slip will sustain a great thanks Ray thank you Elizabeth a lot to stress to consider and we’re just two concerns in and 10 minutes or two hiring in one country is hard enough but when employing in a you understand on an international level it’s a totally various story you need to ensure that you’re up to date with present along with pending regional labor laws Steve um how do you ensure and make sure that the people 2.0 group is on top of an ever-changing landscape which your customers are fully supported and I’ll arrange this into 3 essential things we do in primarily you need to have the ideal group so we work with a team of international specialists in Employment Practices um that ex that team of specialists includes legal representatives it consists of payroll professionals it includes HR specialists and these are people that not only understand the laws in these in these countries and regions however they also know the languages they know the local practices they understand the cultures and it’s important to have that right group and truly have the team on the ground uh dealing with cl

Real-time Analytics and Reporting:

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

The useful application and extent of the application to work law can be assessed through the legal system utilizing case law examples. For example, the acquired rights regulation, also called the 2p guidelines in the UK, and the working time policies have undergone numerous legal analyses, especially relating to vacation pay. In addition, the idea of work status has seen several legal precedents over the

Scalability for Organization Development:
Among the standout features of Papaya Global is its scalability. As our business continues to grow and expand into new markets, the software application perfectly accommodates modifications in our labor force and payroll requirements. This scalability guarantees that our payroll facilities can adapt to the progressing needs of our worldwide organization.

International Chief legal officer we’ve got Elizabeth Beal who is our primary legal officer for Amia and we have actually got Ray Glimpse who is our senior vice president of client services and I would say individually and collectively these 3 people have Years of experience in in employment 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 one of our own Stars erase share head of Global Solutions at papaya Worldwide tell us about yourself thank you Elin Ian hey there my name is Elite I’ve been with the company for around 4 and a half years as head of Collaborations I have actually developed Papaya’s network of in-country Partners in over 160 locations on a personal element and related to our subject today I’ve had the chance to transfer and work in 3 various countries it is the business’s responsibility to guarantee my defense while living in a foreign nation compliance with local laws and regulations is crucial for me or anybody else as an expat or as a local so today we have actually welcomed our relied on Partners individuals 2.0 to show the value of local

expertise when business Go Global thank you and delight in all right thank you as I stated let’s carry on to the pact agenda today’s webinar is an opportunity to ask the panel the concerns you have actually been thinking about we’ll go over the realities a business requires to think about when opening a brand-new entity and broadening into new countries along with keeping things going we’ll cover elements such as local policies considerations when working with compliance crucial difficulties payments and what not to do it’s one of the most important things remembering what not to do um operating on an international level is not for the faint-hearted the larger a business grows the more they need to comprehend and handle understanding what to do in each new situation as it rises is important on many levels understanding local regulations and local laws along with company practices helps mitigate Associated and worldwide growth papaya through our regional professionals can browse possible risks such as intellectual property defense data personal privacy security issues making sure the business’s operations stay compliant and safe tax Social Security returns and remittances differ by country

In conclusion, Papaya Global Software application has proven to be an invaluable asset in our quest for efficient and certified global payroll management. As the CFO of an international company, I am positive in suggesting Papaya Global to organizations looking for to streamline their payroll procedures, improve compliance, and attain higher performance in handling their international workforce. The software application’s ingenious features and commitment to quality align with our strategic goals, making it an essential part of our financial operations.

 

Cost Factors to consider and Papaya Global Greece …
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 broken down geographical barriers to hiring. Businesses can now employ staff from anywhere worldwide, allowing them to access the very best available talent for any offered function. This provides workers more flexibility to work from home and increase their income without moving to pricey areas or commuting long distances. A 2022 study found that 87% of employees who have the possibility to work remotely take that chance. The break out of COVID-19, in conjunction with new business connection software, sped up the move to remote work, including in industries previously hesitant to welcome the pattern.

insights are valuable to us and and your fellow participants so first things first though um let’s be familiar with everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Appeal to Aerospace in all kinds of businesses start-up to matrixed environments across the globe I offered leadership and strategy to populations of more than 100,000 workers on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

Worldwide I work throughout business male maning and developing external relationships supporting Enterprise customers and solutions and serving as an advisor I want to present our first Greg um guest Greg who will kick things off by informing us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal team and in fact work very carefully with our um HR department as well to handle different legal and HR matters that turn up so truly excited to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our mission is to set you as HR professionals totally free to do fantastic

integration Obstacles:
While Papaya Global offers integrations with various HR and financing systems, the execution process was not without obstacles. Integrating the software with our existing infrastructure needed extra modification, resulting in some delays in the preliminary rollout.

Paying FAQs Papaya Global Greece 2024

and some smaller subsidiaries within our organization found the pricing to be on the greater side. As a worldwide company, stabilizing the need for advanced features with budget plan restraints ended up being a delicate workout.
Consumer Support Response Time:
There were instances where our groups faced issues that required prompt help. Nevertheless, the response time from’s customer assistance team was not constantly as quick as preferred, causing occasional delays in concern resolution.

Our application of involved a phased technique. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing procedures. This enabled us to determine and attend to combination difficulties early on. As the software application ended up being more ingrained in our operations, we slowly expanded its use to cover our whole international labor force.

The automated functions structured our payroll processes, reducing the time invested in manual estimations and compliance tracking. Regular training sessions and continuous assistance from Papaya assisted our teams end up being competent users of the software application, optimizing its potential for our organization.

Nevertheless, paying a workforce can be complex. It is particularly challenging for companies who employ personnel across several nations, as they must continuously combine various information streams, by hand track local and nationwide labor and policies, and invest valuable time and resources to set up local entities in new locations. These business are faced with suboptimal, expensive choices, like opening a foreign subsidiary or working with a professional work company, which is a regional firm that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble hiring qualified workers, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.

provides a solution supporting all kinds of work. It provides an end-to-end platform, from staff member onboarding and continuous management to global payments and. It helps business with labor law compliance in the jurisdictions in which they operate, offers management of employment 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 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 sure to attend the total 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 brand-new tab will open in your internet browser with the webcast study please be sure to complete it as soon as the webcast has actually 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 start a journey of information to regulation accomplishing

360 degree worker compliance where we’ll dive into the important elements of the employee compliance management model throughout the session we’ll check out real life difficulties genuine local guidelines best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to safeguard your organization and workers while staying compliant in an

Ever developing regulative environment in the everchanging world of business and finance making sure compliance with payroll regulations is not just important however likewise a legal necessary from the moment of hiring to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance threats that have far-reaching repercussions however with a much deeper more nuanced understanding of their responsibilities organizations can not just navigate the detailed landscape but also proactively guarantee this 360 degree compliance the webinar is created to equip you with the knowledge and tools required to browse the complex Surface of compliance whether you’re a skilled P expert a small business owner or someone new to the field what I want to do before we start and I believe it’s truly essential

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

The Excellent:

Compliance Management:
One of the standout features of is its robust compliance management system. The software automatically updates itself to stick to ever-evolving tax and labor laws throughout multiple jurisdictions. This has actually been indispensable in guaranteeing that our processes stay certified in each nation of operation.

is to state that the content here is illegal suggestions it is just for your info please consult your legal team must you have any questions or issues in relation to anything that we’ve talked about today our secret take key takeaways by the end of the webinar will be an understanding of worker compliance dangers how to work with ly with confidence how to simplify information management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we have actually.

work as your hris or is type of your core staff member record um to handle that employee life process throughout their Journey with you as as a worker in addition to a payroll module we have to assist you pay those staff members and compensate them and advantages Administration module that permits you to assist handle the benefits you supply to your workers so truly excited to be here represent um bamb booy container and talk about this topic um and I guess from my perspective I’ll I’ll most likely offer a great deal of a concentrate on the US side of things when we speak about sort of compliance so delighted to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a little bit about papay worldwide yes definitely thank you Ian hello everyone I’m Gina dorelis I’m the Work expert supervisor.

at I handle the employment Council in the US APAC EMA and Israel area I also serve as us Council for I’m certified in New York 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 provider to employees serving in over.

160 nations all right thank you so both I feel entirely underqualified sitting here with you both well I forgot to point out as we were kind of like going through the introduction so it’s truly actually great to actually see in the webinar chat where everybody’s actually participating in from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to continue tell where you are that would be definitely fantastic whilst we simply wait for everyone else to type 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 program um today we are going to go over hiring Talent new greater Information Management termination compliance and automation wow the chat has actually got actually actually busy 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 actually going to have some really terrific commentary and concerns throughout the uh the webinar too 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 staff member and their data is Papaya Global Greece diverse without fail and an.

Ever developing relationship that starts the moment a person signs up with an organization it continues throughout their work and Beyond this journey can be divided into k to several key stages whilst we’re really you understand that they’re employed with us so on boarding everyday operations settlement and benefits professional advancement then we get to the offboarding and even advocacy so it even occurs after the staff member has left your employment throughout the journey companies are responsible for collecting keeping protecting worker data in compliance with information personal privacy regulations no matter where it is you’re operating around the world it typically involves implementing secure data management systems and ensuring strict adherence to regional requirements to secure both the worker and the organization the evolution of employee information and management c.

I discover time and time again the employees frequently misclassified unconsciously they don’t understand the conditions of employment or contract and are informed by the customer why it’s optimum primarily to the customer why you need to be employed or taken part in this fashion the worker may owe taxes and Social Security to the authorities the future pension and health care opportunities of the worker can be affected and several times it can be years before this all falls out and by that time it’s too late years have actually passed they haven’t contributed to pensions Etc so it’s a huge impact that they never knew they were strolling into you could not agree with you more if you state the UK for example hmrc can go back as much as 10 years um Kathy companies are securing insurance against misclassification however typically premiums are just covering the cost of legal charges whilst the typical claim evaluated versus companies corresponds to to 40 or 50 percent of the base pay of employee exists any point in getting insurance and what is the alternative yeah to your point um you do need to check out the fine print it is not covering the taxes charge and interest in most cases 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 saying is is that if your compliance program is not up to stuff you could be rejected protection on the basis of the truth that you were not in compliance with laws um in the UK

Papaya Global Greece 2024 – All You Need To Know

The Obstacle of Global Payroll: Papaya Global Greece …

Global growth produces varied obstacles, and payroll management is no exception. Differing tax guidelines, differing employment laws, and several currencies make it crucial for companies to adopt sophisticated solutions to guarantee accuracy, compliance, and efficiency in payroll processing.

Software application: A Comprehensive Option:

staff members so it’s really fundamental to ensure that you have actually thought about from the start any post-termination restrictions that you wish to take into the contract of work that they’re enforceable so that suggests you need to actually consider what it is you’re looking to protect and why plainly Specify what’s included within the scope of that secret information and resolve the period of restriction post-determination that you want to apply and be actually able to to validate that in relation to copyright the position truly depends on the type of copyright you’re wanting to safeguard and also the jurisdiction so for example from a copyright viewpoint in the Netherlands completion customer is most likely to have the um copyright rights in a copyright that the employees produced who’s been under their supervision and control immediately nevertheless in somewhere like Poland for instance that automatic right might not be there and that task would require to stream through the chain uh contractually so it truly depends upon the jurisdiction and the kind of IP alright thank you Elizabeth Steve was remaining on the topic of agreements Miss classified misclassifying staff members

Papaya Global Software has become a game-changer in the realm of international payroll management. Its cloud-based platform incorporates payroll, labor force management, and employee benefits into a single, user-friendly user interface. As the CFO, I have actually experienced firsthand the favorable impact of on our organization’s financial operations.

Unified Worldwide Payroll Processing:
allows our company to process payroll flawlessly throughout multiple countries. The platform’s unified technique enables constant payroll calculations, reducing mistakes and making sure compliance with local regulations. This has significantly mitigated the risks related to worldwide payroll processing.

likewise essential for if in the future someone says misclassification you have your file supported by the requisite documents which the ideal evaluation tools to reveal somebody that you had a thoughtful process and so what do you have to consist of because process it’s the who the what the where and the when who are you handling are you handling an individual or are you handling 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 engineering the creatives these all provide themselves more to that assessment of being freelancer you know also uh where are they doing it can they work from anywhere or do they need to be on website and managed once again another key factor is the management and guidance of the uh employee and then finally when is it a specific project is it a six-month task six years all of this is manageable however it needs to be documented and it has 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 survey list for the employee the employee fills out and fills these questions out and so does the end customer or the recipient of the services they both put their information into the tool and after that it does an assessment waiting the different concerns because not every jurisdiction has the exact same feeling about a few of these questions some believe they’re more important than others and it comes out with a red yellow or green red you’re probably an employee yellow you’re on the cusp we can probably assist you with that in terms of a few of the things you need to boost to make certain that you are given that assessment of uh independent contractor or green where you were examined as an as a independent specialist once that assessment is done all the requisite documents are underneath it so that if in the future there

Automated Compliance:
Browsing the complexities of worldwide employment laws and tax regulations can be frustrating. Papaya Global’s automated compliance engine keeps our company updated with changes in policies throughout jurisdictions. This guarantees that our payroll procedures comply with the latest standards, lessening the threat of non-compliance and associated penalties.

network of In-House outside consultants accounting firms and legal companies who help us keep our databases completely approximately date and we also get in touch with we require to when we see an uncommon or or particularly complex scenarios all right thanks Steve I can just see a quick concern in the Q a window yes the session will be recorded and sent out to participants later on um returning to to the webinar itself Ray employer of record is regulated in a different way worldwide and the German law for example it’s classified as worker leasing can you shed any light on a few of the unique factors to consider for countries and where the eor design isn’t controlled yes Ian worker leasing or labor leasing as it’s also called which prevails in several countries specifically in Europe imposes stringent regulations on products such as the length of project it also appoints employees to collective bargaining agreements that provides rights and advantages but even in the countries that do not have those rigorous policies for instance the UK Canada and the nordics there are regulations for each country and each employee is treated the like all the other employees in that country and all those policies require to be abided by okay thank you Ray um Kathy moving I would say to yourself what do business require to consider when figuring out contract status to safeguard themselves and the rights of hires what are the benefits and drawbacks of hiring professionals and Freelancers versus long-term employees so certainly the the benefit of professionals versus employees is the the flexibility for both the employee and for the company um but I can’t worry enough how crucial it is to have a consistent extensive and a well-documented compliance

Effectiveness

Papaya Global Greece and Time Cost Savings:

The software’s automation capabilities have substantially lowered the time and effort needed for payroll processing. Handbook information entry and recurring tasks have been minimized, enabling our finance team to focus on strategic efforts rather than administrative burdens. This has resulted in increased effectiveness and performance within our financial operations.

in one given that each state has its own regulations Californians are some of the most stringent an example is pay slips on a payslip in California the ideal info 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 issued per payslip so that’s each employee each pay slip will sustain a great thanks Ray thank you Elizabeth a lot to fret to think of and we’re just 2 questions in and 10 minutes approximately working with in one nation is difficult enough however when employing in a you know on a global level it’s an entirely various story you require to make certain that you depend on date with present as well as pending local labor laws Steve um how do you make sure and guarantee that the people 2.0 group is on top of an ever-changing landscape which your clients are completely supported and I’ll organize this into three essential things we do in most importantly you require to have the best group so we hire a group of global professionals in Employment Practices um that ex that group of professionals includes lawyers it consists of payroll professionals it consists of HR specialists and these are individuals that not just know the laws in these in these nations and regions but they likewise understand the languages they know the regional practices they know the cultures and it is very important to have that right team and genuinely have the group on the ground uh dealing with cl

Real-time Analytics and Reporting:

Papaya Global provides thorough real-time analytics and reporting tools. As a CFO, having access to accurate and prompt financial data is essential for decision-making. The platform’s reporting capabilities empower me to make educated tactical decisions based upon real-time insights into our global payroll information.

The useful application and degree of the application to employment law can be examined through the legal system utilizing case law examples. For instance, the obtained rights instruction, likewise referred to as the 2p policies in the UK, and the working time policies have undergone different legal analyses, especially relating to holiday pay. Additionally, the idea of work status has actually seen multiple legal precedents over the

Scalability for Service Growth:
Among the standout features of Papaya Global is its scalability. As our business continues to grow and expand into new markets, the software seamlessly accommodates changes in our workforce and payroll requirements. This scalability makes sure that our payroll facilities can adapt to the progressing requirements of our international company.

Worldwide Chief legal officer we have actually got Elizabeth Beal who is our primary legal officer for Amia and we have actually got Ray Look who is our senior vice president of client services and I would say individually and collectively these 3 individuals have Years of experience in in work law and international Employment Practices so thank you it’s a satisfaction to be with everyone here today seems like we’ve got the right people with us today and in in addition to to those well we also have one of our own Stars erase share head of Global Provider at papaya International tell 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 Partnerships I have developed Papaya’s network of in-country Partners in over 160 locations on an individual element and related to our subject today I have actually had the chance to relocate and work in 3 various nations it is the business’s responsibility to ensure my defense while living in a foreign nation compliance with regional laws and guidelines is essential for me or anybody else as an expat or as a regional so today we have invited our trusted Partners individuals 2.0 to demonstrate the value of regional

proficiency when companies Go Global thank you and take pleasure in alright thank you as I said let’s move on to the pact program today’s webinar is an opportunity to ask the panel the questions you’ve been considering we’ll discuss the facts a business requires to consider when opening a new entity and expanding into new nations as well as keeping things going we’ll cover aspects such as local regulations factors to consider when employing compliance crucial 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 need to understand and manage understanding what to do in each brand-new scenario as it rises is important on numerous levels comprehending local policies and local laws along with service practices assists alleviate Associated and worldwide expansion papaya through our regional experts can browse possible dangers such as intellectual property protection information personal privacy security problems guaranteeing the company’s operations stay certified and secure tax Social Security returns and remittances differ by country

In conclusion, Papaya Global Software has actually proven to be a vital property in our mission for efficient and certified worldwide payroll management. As the CFO of an international company, I am confident in advising Papaya Global to companies seeking to enhance their payroll procedures, improve compliance, and accomplish higher performance in handling their global labor force. The software’s ingenious features and dedication to quality align with our tactical objectives, making it an important 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 considerable legal costs there exists’s other penalties there’s other expenses behind that as well so the total expense can be really significant in the 10s of millions of dollars or more and and those quantities are growing uh the reason business are getting it so wrong is actually simply the rules are complicated and they’re altering all the time believe ir-35 in the UK which has actually been an ongoing advancement for a number of years now and and still a lot of unpredictability amongst companies on what it truly suggests and how you deal with it most companies are merely not familiar with the rules and and act as if the the guidelines are the same everywhere which they’re not so so encourage you to to be really proactive as you’re engaging uh employees from a category perspective fine thank you Stephen and moving back to yourself Ray it’s not only the company that suffers in the long run what results can this have on the employee Papaya Global Greece particularly when it comes to their own tax liabilities social security and advantages for instance jury and clearly the workers the other side of the coin

 

Expense Factors to consider and Papaya Global Greece …
The detailed functions of come at a cost,

 

Current years have seen a dramatic modification to the labor force as the increase of remote work has broken down geographical barriers to hiring. Services can now hire staff from anywhere worldwide, allowing them to access the very best readily available skill for any provided role. This provides employees more freedom to work from home and increase their income without relocating to costly locations or commuting fars away. A 2022 survey found that 87% of staff members who have the opportunity to work remotely take that opportunity. The outbreak of COVID-19, in conjunction with new enterprise connectivity software application, sped up the move to remote work, including in industries previously hesitant to embrace the pattern.

insights are valuable to us and and your fellow attendees so first things initially though um let’s learn more about everyone my name is Ian Charles and I have actually operated in payroll for the last 25 years I have actually had functions in all kind of Industries retail and Charm to Aerospace in all types of businesses startup to matrixed environments around the world I supplied leadership and technique to populations of more than 100,000 employees on a monthly basis and in over 170 nations today I’m the perel strategist for papaya

Global I work throughout the business guy maning and constructing external relationships supporting Business clients and solutions and functioning as a consultant I ‘d like to introduce our first Greg um visitor Greg who will kick things off by telling us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal team and in fact work really carefully with our um HR department as well to deal with various legal and HR matters that turn up so actually excited 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

Application Obstacles:
Although Papaya Global supplies combinations with various HR and finance systems, we experienced some hurdles during the combination procedure. Customizing the software to line up with our existing facilities proved to be more complex than prepared for, resulting in delays in the initial rollout.

Pricing Concerns:
The substantial functions provided by Papaya Global come at an expense, which a few of our smaller subsidiaries discovered to be prohibitively costly. As a worldwide organization, we had to carefully weigh the requirement for advanced performance versus budget restraints.

Support Action Time:
On occasion, our teams experienced concerns that needed immediate support. However, the response time from Papaya Global’s client support team was not always as prompt as we would have liked, resulting in delays in fixing those concerns.

Our implementation of included a phased approach. We began by onboarding a couple of subsidiaries to check the system’s compatibility with our existing processes. This enabled us to identify and address combination obstacles early on. As the software became more implanted in our operations, we slowly expanded its use to cover our whole worldwide labor force.

The automated features structured our payroll processes, minimizing the time invested in manual computations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups become skilled users of the software, optimizing its potential for our organization.

Companies that staff member workers across numerous nations frequently deal with intricate obstacles when it comes to managing their workforce. Among the most significant hurdles is consolidating various information streams and sticking to diverse regional and national labor regulations, which can be both lengthy and costly. Moreover, setting up local entities in brand-new areas can be a pricey and suboptimal option, with options such as opening a foreign subsidiary or hiring an expert employment company (PEO) often charging up to 15% of the payroll. These challenges have actually caused a significant increase in trouble recruiting certified workers, with 75% of employers reporting this issue in 2022, a 21% increase from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

uses a solution supporting all forms of work. It provides an end-to-end platform, from staff member onboarding and ongoing management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, uses management of work benefits, and guarantees data 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 professional 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 make sure to go to the complete webcast in order to get your credits if you have any questions throughout the webcast please click 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 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 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 regulation accomplishing

360 degree employee compliance where we’ll dive into the necessary elements of the staff member compliance management model throughout the session we’ll check out real world difficulties genuine local regulations best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and staff members while staying compliant in an

Ever evolving regulatory environment in the everchanging world of company and finance making sure compliance with payroll policies is not only important however also a legal vital from the minute of hiring 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 however with a much deeper more nuanced understanding of their commitments organizations can not just navigate the detailed landscape however likewise proactively guarantee this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to browse the complex Surface of compliance whether you’re an experienced P specialist a small business owner or someone brand-new to the field what I would like to do before we begin and I think it’s truly crucial

In our quest to boost performance and precision in handling our worldwide workforce, our multinational corporation turned to, a leading and workforce management software application. The transition intended to streamline the complex job of managing across different nations, currencies, and compliance policies.

The Excellent:

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

is to state that the content here is illegal suggestions it is merely for your info please consult your legal team should you have any concerns or concerns in relation to anything that we’ve gone over today our key take key takeaways by the end of the webinar will be an understanding of staff member compliance threats how to employ ly with confidence how to simplify information management and automation so let’s take ourselves a moment to familiarize ourselves with the webinar platform once again as we have actually.

act as your hris or is type of your core staff member record um to handle that employee life cycle throughout their Journey with you as as an employee in addition to a payroll module we need to assist you pay those staff members and compensate them and advantages Administration module that permits you to assist manage the advantages you offer to your workers so actually excited to be here represent um bamb booy jar and discuss this subject um and I think from my viewpoint I’ll I’ll most likely supply a great deal of a focus on the US side of things when we discuss sort of compliance so delighted to be here thanks for having me Ian okay thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a bit about papay worldwide yes absolutely thank you Ian hi everybody I’m Gina dorelis I’m the Work expert supervisor.

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

160 countries all right thank you so both I feel entirely underqualified sitting here with you both well I forgot to discuss as we were kind of like going through the introduction so it’s actually truly great 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 wish to continue tell where you are that would be absolutely great whilst we just wait on everyone else to type of like participate 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 agenda um today we are going to talk about working with Talent 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 definitely all over which is wonderful so uh I’m hoping that we’re actually going to have some truly terrific commentary and questions throughout the uh the webinar also alright 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 Greece diverse without fail and an.

Ever developing relationship that starts the minute an individual signs up with an organization it continues throughout their work and Beyond this journey can be divided into k to several crucial phases whilst we’re actually you understand that they’re used with us so on boarding everyday operations settlement and benefits professional development then we get to the offboarding and even advocacy so it even occurs after the staff member has left your employment throughout the journey organizations are accountable for gathering keeping protecting worker information in compliance with information privacy guidelines no matter where it is you’re operating worldwide it frequently involves implementing safe and secure information management systems and ensuring stringent adherence to local requirements to safeguard both the staff member and the company the advancement of worker information and management c.

I discover time and time again the workers typically misclassified unwittingly they do not comprehend the conditions of work or contract and are informed by the client why it’s optimum mainly to the customer why you need to be employed or taken part in this fashion the worker might owe taxes and Social Security to the authorities the future pension and health care opportunities of the employee can be impacted and numerous times it can be years before this all falls out and by that time it’s too late years have actually gone by they have not added to pensions Etc so it’s a huge impact that they never knew 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 ten years um Kathy companies are getting insurance coverage versus misclassification but typically premiums are only covering the cost of legal costs whilst the average claim evaluated against companies relates to to 40 or half of the base pay of employee is there any point in taking out insurance and what is the alternative yeah to your point um you do need to check out the small print it is not covering the taxes charge and interest in many cases I haven’t seen it at least 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 pack you could be rejected protection on the basis of the reality that you were not in compliance with laws um in the UK