Find out more about Papaya Global Calculator Employer Payroll Tax Calculator ... We now have the ability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has actually obtained a separate Chief Financial Officer particularly dedicated to handling payments. This supplies us with a safe and secure and reliable approach of paying to our 10,000 workers worldwide.}
The cutting-edge global payroll management app improves my payroll procedure, saving me a substantial quantity of time each month. With its easy to use user interface, I have access to a single control panel that efficiently handles my payroll, EOR, and professionals.
Worker Website
Staff members have access to a Worker Website where they can view their pay slips, wage and tax statements and employment files. The portal is readily available in several languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps companies offer competitive benefits packages to global workers regardless of the number of workers in the business. The company can set up medical insurance, short-term and long-lasting special needs, vision, dental and maternity leave while removing the need to source local benefits providers in every nation, produce regional accounts and have a minimum variety of employees.
International HR Functionalities
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' files and immigration services if your workers require work permit assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, workforce diversity, total work costs dispersed per location, overall work costs per cycle and a lot more.
Worldwide, I have shown leadership and strategic proficiency in assisting massive populations of over 100,000 staff members throughout 170 countries. Currently, I are accountable for supervising payroll methods, as mentioned by Mark. My role involves managing and establishing external partnerships, supporting Enterprise clients, and providing advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments services supplier.
company to make the time 100 list for a lot of prominent business in the world we supply payroll payments and labor force management to all employee enters over 160 countries I am pleased to say that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself of course thank you good morning excellent afternoon excellent evening depending on where you are in the world it's charming to fulfill you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I have actually remained in the payments industry for over 10 years and specifically dealing with the payroll and payment sector for over seven years um I was fascinated by the complexity the trouble in all of the above of
payroll payments and chose to sort of make a genuine go at that over the last 5 or 6 years where I've type of had a variety of various roles on the provider side and also on the vendor side from a payroll perspective so actually anticipating this discussion today um and yeah thank you quite for your time everyone all right thanks Johnny uh we'll just offer everyone another couple of uh well among the 30 seconds or so to join all of us work back to back nowadays so we'll kind of let them do that so it 'd be quite interesting and I can see it going on already simply to hear where everybody is um it's nice to to kind of like see where everybody originates from and I really do hope it's much sunnier than it is in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's really very dreary and I want I was somewhere else at this moment in time all right so let's get going our program for today is as follows um we are going to be looking at the obstacle years of handling Worldwide payroll why business preserve different
Virtual payroll accounts are an alternative to standard bank accounts for managing payroll payments. This is especially helpful for international organizations with dispersed and remote labor forces, as it simplifies the complicated procedure of cross-border payments. Instead of preserving different savings account for payroll in different countries, virtual accounts and digital wallets use a more structured option. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are ending up being a tactical property for payroll executives. We will likewise supply a wrap-up of the main points covered and leave time for a Q&A session at the end.
Ensuring precise, efficient, and prompt payroll payments is a complex obstacle for companies operating globally. Join us for a webinar to check out the advantages and disadvantages of payroll wallets versus payroll checking account, discover how companies forecast payroll expenses to optimize working capital, and find how simplifying international payroll payments can change them from a difficult task into a strategic property.
Managing payroll globally is a daunting job due to various policies, compliance requirements, information security issues, and banking guidelines. The large variety of workers and businesses adds to the intricacy, with an approximated 3.5 billion people in the global workforce, 500 countless whom remain in Africa, and 230 million companies worldwide.
Standard payroll systems often lead to manual procedures, information silos, and a lack of combination, leading to inconsistencies and inadequacies. Regardless of residing in an age of technological advancements, payroll management has been sluggish to adapt, with as much as 25% of payroll still processed by hand, frequently utilizing pen and paper. This webinar aims to provide insights and services to streamline and optimize worldwide payroll payments.
about it to give you a concept of how far there still is to come according to Deloitte just 11 of businesses state they have Labor force data in real time that's another number that gives me sleepless nights and rather honestly the more an organization invests in worldwide payroll the less of a photo they see a lack of exposure likewise encompasses payroll payments and failure to properly track these payments can result in compliance mishaps in the last mile of the deal nearly half of worldwide companies have expressed that they do not have the level of standardization they need in their procedures or desire and as a result eighty percent of errors are due to time reporting poor HCM information data entry errors inadequately communicated hires and terminations in addition to absence management and system setups and then when you round everything off and the information is delivered to the wrong location the typical expense of an international information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the money around the world payroll and payments do not run smoothly if they depend on the required multiple procedures systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the obstacles company face when they're making payments to employees or otherwise that's a good question I always toss this back and say what is it what doesn't need to be consisted of ideal and what does
it need to be considered there's differing Bank information so the length of an eye band a swift an account number routing code per country there's payment amount of time there's payment capabilities so can you pay it from International or do you need to pay from an in-country account do you have to pay from the client's own in-country account so there's intricacy any place you look best eventually developing a knowledge base is definitely important however everywhere you look with payroll payment they resemble extremely payments no if however some infants about it you are all superheroes processing payments for payroll if you take a look at the sort of link in between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are absolutely basic and innovation is enabling us to type of progress with that it also as well to add to that payroll and finance require to work closer together um with varying Bank Account Details varying banking requirements and setup processes is definitely important that payroll and financing groups work closer together than ever um I'm constantly impressed when individuals state I have actually split payroll and payment um if you stroll down the street and asked anyone what is payroll who does not work in the payroll occupation would they divide the payroll payment from calculation I would say no so why do we as a market accept that why our payroll and payments so typically split and cut up um ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals anywhere they are however likewise paying statutory authorities and on statutory third parties so with the
world we live in and well-being being a growing number of important to contribute to type of the level of complexity there's more and more benefits being organ or being provided by organizations throughout the world so once again you're simply wanting to include increasingly more payments to this currently intricate landscape so if you sort of got any experience well I'm from your huge experience here and I make certain however have you got any experience in kind of genuine obstacles or genuine difficult type of pay utilizes to play to pay individuals I believe yeah I suggest over the last well yeah a number of years I would definitely state that the larger a business gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the job there are teams feeding info into the next function as it were that's really handling the payment side of things however you understand in in my viewpoint and my experience that doesn't always need to be the case you understand long gone are the times where we need to create additional handoffs in the processes that we operate in they simply make them more prompt they make them less effective and they don't make them what they require to be in in an era of tech and an age that you know that we are working in today there is no reason we are still making this as challenging as it needs to be concurred and rightly as you stated payroll is the single most significant liability that any organization has from a cost point of view from an effect viewpoint on workers it is absolutely critical that it's done correctly and on time so what we imply by that is not a day before not a day after on pay day and payments need to be done right it has the most significant damaging impact on individuals's wellness and many other elements if people aren't paid uh I've always been astonished coming into this Market sort of the last 5 to 10 years is how little thanks the
payroll team get um so I'm uncertain anyone on this sort of webinar has been informed thank you for processing my payroll correctly if you have it 'd be fantastic to hear your success story and whether that's been from all employees or not um however ultimately payroll is such a crucial cycle all of us find out about it when it fails everybody jumps up and down when it fails however when it goes right it's just a tick box exercise and I think that's how it's seen from the external view as well um so yeah it's likewise like why WI-Fi Global why all of this stuff is absolutely crucial that all of this stuff is done properly so leveraging the very first Worldwide Payments very first payroll payment option is a fantastic first step um providing an end-to-end payroll service for your employees globally once again I believe is another big um process again lining up and ensuring you have standardization International procedures all of those things are definitely key to success success of businesses and decreasing the number of tools platforms and checking account they need for their Worldwide payroll too couldn't agree with you more and on the the front in regards to of the thank yous for getting payroll done I have actually never ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or 10 or whatever it might be with the with the the complaints where things have not gone rather where they're implied to be um I don't believe any of us are actually doing that for for the thanks
anyhow we know how how essential a function it is and that's why we do it that's why we get on with it and this is why we're talking today about making it as simple as possible for everyone that's associated with those procedures and also so envision sorry I'm just I was simply gon na state think of the amount of thanks you got if you could cover the amount of people that we cover within this webinar I'm sure we're talking about hundreds of thousands possibly Millions picture getting that numerous thank you notes um I mean it 'd be interesting to see how many Post-it notes you got however it would certainly be an intriguing job attempting to clean all those up for sure oh definitely I can't picture the size of my my Outlook inbox if that held true um you 'd require days of the week to attempt to browse them and actually see what was going on and sort of shot to return to everybody so carrying on appearance why do companies choose to primary different bank accounts there are companies out there doing exactly this for particular countries and I've worked in a business or lots of businesses doing exactly that I can say it does not always feel effective and it does develop more work I understand we're not purposely doing that we're not creating extra work for anybody where we do not need to and anybody that's handling that process I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the amount that we are I believe numerous reasons one is it's the standard I believe people have actually got so utilized to we require a new savings account we open an entity and appropriately so you need it for payroll purposes but there are a variety of markets where it's not a requirement so I think it's simply been the requirement and the norm individuals have actually adopted and continue to do over years and years gone past to add to that people have actually looked at things like trust accounts and lots of other methods um to to type of do it so I believe there's a range I think this is a process that needs looking at it requires changing but eventually individuals are extremely stuck with what they're familiar
with best um modification is a difficult thing we all don't like modification um so I believe it's just kind of moving far from the standard as we've said so yeah so it keeps a great deal of track of stuff um I understand clearly the advantages of having keeping multiple savings account however there's a substantial quantity of intricacy opts for establishing a bank account preserving it guaranteeing it can send International transfers ensuring it's established with the ideal user accesses for private people so the complexity is big but I think the sincere response is modification um people have not been able to alter or haven't had necessarily the knowledge to really make that change into alternate Solutions other than opening a savings account I think you've struck the nail on the head I think it is understanding you understand and there is an element of resistance to change however we have actually always done it that way is no genuine excuse for not taking a look at the the advantages and the possibilities of carrying on and moving into you know what might nearly be determined to be the next Century approximately there is a lot to monitor and this method does pose several obstacles um so Johnny might you tell us about those obstacles yeah of course so there's a variety right there is so
I simply did you changed our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International employees you should have a corner workplace with a more detailed parking space because I mastered International payroll and payments with Papaya payroll OS did you
Sure Payroll Vs Papaya Global