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When it comes to global hiring, there is no one-size-fits-all solution. Different jobs and different locations require different types of employment. Some team members will be based in countries where you don’t have a legal entity and need an alternative solution. Some short-term tasks are best handled by independent contractors. Other positions need full-time employees who require full employment rights and benefits.
Papaya understands that different business goals require different employment solutions. Papaya Global’s cloud-based SaaS platform provides an end-to-end solution for global workforce management, from onboarding and people management to payroll processing to payments.
Papaya’s Total Workforce Solution supports every type of employment model available in over 160 countries:
Papaya’s Employer of Record (EoR) solution lets you hire anywhere, even if you don’t have a legal entity. The EoR takes responsibility for your payroll while you direct the team in their day-to-day work. Our Payroll solution runs your payroll operations where you have legal entities. We offer full Contractor Management for independents.
The automated platform ensures payroll compliance and data privacy and provides benefits management. Papaya’s knowledge center offers updated information on salary benchmarks, mandatory benefits, tax rates, and more – everything you need to know before hiring overseas.
The entire service is backed by Papaya’s three-level governance model. A dedicated project manager oversees the entire process and serves as the single point of contact. Our Center of Excellence answers questions and gives on-going support. Our in-country partners stay informed of labor or tax law changes, so you are always in compliance.
Payroll, even on a local level, is enormously complex. Taxes need to be withheld and delivered to the proper authorities, benefits managed, bonuses and commissions calculated and taxed correctly. A global payroll adds a whole lot of additional layers. There are specific tax codes and labor laws in each country, new line items to understand, different languages and currencies to decipher.
Papaya’s cloud-based SaaS platform makes payroll compliance simple and secure.
Papaya creates automated workflows tailored for each client for the countries where they have overseas employees. These workflows guide the payroll team through all the necessary steps in the process and ensure all the necessary forms are in place, the figures are accurate, and legal requirements are met.
All payroll elements are mapped for each country, with assistance from Papaya’s in-country partners (ICP), who are on the ground in every country Papaya serves and track any changes in labor regulations and tax rates. Payments are delivered in the local currency with payslips in the local language.
The platform has a built-in compliance engine to audit the payroll before it goes out. If tax rates for a particular country are outdated or wrong, it will show up in the review process, not after the payments have been made.
Companies with overseas teams need Papaya’s next-generation technology to ensure compliance and accuracy.
Manual payroll is time consuming and prone to error. Inaccurate payroll can damage your company’s reputation, alienate your workforce, and even lead to fines if labor laws are violated in countries overseas. Manually auditing a global payroll can take a payroll team many hours that could be better spent on other facets of the business.
The Papaya Platform automates the payroll and payment process, making it as efficient as possible.
Automated payroll drastically reduces the time and resources allocated to processing employee information, taxes, salaries and other information. It removes human error, resulting in a perfect payroll run, month after month. It dramatically reduces legal risks such as court judgments, penalties, and potential employee litigation.
Automation does more than reduce errors. It also increases accuracy. It “sees” all the data and ensures that the line items are correct. If data is missing, it informs the payroll manager so that reports are always correct. It runs a full data audit in no time.
Payroll automation integrates easily with other workforce management tools companies are already using. Tools for tracking Time and Attendance and Paid Time Off already contain essential payroll data, so an integrated system replaces the need to enter data more than once. Information on salaries or performance with detailed and accurate histories are available at your fingertips, with no manual processing.
Manual payroll is often a tangle of spreadsheets with different data streams that never coalesce into a single manageable flow. When it’s done, all that’s left is a stack of spreadsheets in different formats, styles, and languages. Managers can’t see how many global employees their company has at any given time, nor the total cost of employment in each jurisdiction.
With the Papaya platform, the entire process is consolidated and standardized. The work process is streamlined into a single, consistent workflow. The platform takes all of the different reports payroll managers receive from each country – all in different formats and styles – and standardizes them into a single, usable format. It then combines all the siloed data streams and consolidates them into a single flow of data.
Consolidation turns chaos into order. It makes the most complex process simple, even as payroll continues to grow in complexity for those who maintain a manual process.
Since the entire payroll process takes place through one automated platform, every aspect of the process is visible, all in one place. You can see exactly how many employees are working in each location, what the real employment costs are for each employee, how much employer tax you’re paying and the labor laws that govern that country.
Most importantly, you get a global view of the entire operation, something that is only possible because Papaya offers a total workforce solution, meaning that all types of employment can be processed through the platform.
Companies of all sizes need the speed and agility to hire employees anywhere in full legal compliance, even if they don’t have a legal entity. It takes months to open and entity abroad. Companies that want to test a foreign market or plan a short-term engagement need a legal alternative.
The Employer of Record (EoR) solution is designed for companies that want to hire people in countries where they don’t have a legal entity.
The EoR or its in-country partner serves as the legal employer, hiring the employees on behalf of the client, and handling all workforce management tasks, such as payroll – all in full legal compliance. The client, however, still has full control over the employees in their day-to-day activities.
The EoR assumes legal liability for the employees. is responsible for and liable as the employer of record, while on the employee side they will see no difference, working for the organization the same way they would as a locally-based employee.
The EoR allows companies to hire fearlessly across the globe and choose the best talent available. It also allows the employees it hires to receive all of the advantages and protection of the local labor laws, including all mandatory benefits.
Papaya’s EoR solution also provides a variety of non-mandatory benefits. Papaya carefully vets all of its in-country partners to ensure the highest level of performance on behalf of its clients. Papaya continuously evaluates its partners for quality assurance to ensure your best interests are always covered.
In the post-COVID era, companies are competing for the best global talent by offering remote work options. As a result, companies employ more people in more countries than ever before, without even opening an office. But companies with distributed teams struggle to engage their far-flung employees and build a company culture.
Papaya Global is committed to ensuring that every employee has a first-class employment experience. For remote teams, it means providing tools that give employees a sense of belonging regardless of where they are located.
The Papaya Platform brings the entire company together through a self-service portal dedicated to the workforce. Employees can view payslips, report PTO, track their time, and ask questions.
Papaya’s innovative org chart creates a visual impression of the entire company as a single entity. The org chart unifies the company, brings distributed teams closer, and presents each employee as equal and important to the entire organization.
Offering a uniform and customized set of benefits to all global employees helps remote teams feel they are part of the same company. Papaya’s benefits program lets you choose which benefits to offer your global team, backed by Papaya’s in-house benefits specialists.
Papaya’s global equity management solution allows you to grant all employees equity wherever they are, even if they are employed through an Employer of Record. From plan assessment and management to ongoing tax calculations through execution, Papaya administers the whole global program.
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From global individuals to unified, effective units spread across the globe. Papaya Global made global growth a snap.