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PAYROLL & PAYMENTS


 * Home
 * About Us
 * Disclosure
 * Privacy Policy
 * Terms of Use




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We provide up to date and informative reviews of the leading payroll and
payments solutions. Our goal is to help you weigh up your options so that you
can make an informed decision about which provider is right for you.
As a Papaya Global affiliate, we may receive compensation from Papaya Global if
you purchase products or services through the links provided.


PAPAYA GLOBAL REVIEW

Papaya Global is a leading professional employer organization (PEO),
specializing in simplifying global payroll, hiring processes, and workforce
management for international companies. Tailored to meet the needs of businesses
operating in over 160 countries, Papaya Global is specifically crafted for the
challenges and requirements of the international corporate landscape.



The cloud-based Software as a Service (SaaS) platform streamlines the global
hiring processes and empowers clients to achieve swift onboarding, providing
unparalleled visibility and control over global workforce expenditures. With
convenient access to in-house payroll experts and a legal team, clients benefit
from the assurance of Papaya’s cutting-edge security and privacy measures.
Notably, Papaya has successfully reduced the “go-live” time to an impressive 2-3
months, a significant improvement compared to the industry standard of 6 to 12
months for integrations. Furthermore, employees initially engaged through an
Employer of Record can seamlessly transition to regular payroll within a single
pay cycle.

Pros

 * Papaya Global provides support to workers spanning across more than 160
   countries.
 * Effectively manage both employees and contractors with Papaya’s comprehensive
   services.
 * Benefit from Papaya’s localized advisory services, facilitated through
   partnerships in every country of operation.
 * Client businesses can conveniently pay contractors in over 100 different
   currencies.
 * Papaya Global operates its payment network, mitigating the risk of payroll
   payment leakage and undisclosed fees.
 * Papaya’s platform allows users to seamlessly integrate it with other
   platforms and automate workflows.

Cons

 * Business insights and analytics come at an extra fee
 * The cost of the Employer of Record plan might pose challenges for small
   businesses and startups to afford.
 * Papaya Global does not provide time tracking functionalities.


KEY FEATURES

 1. Employer of Record
    Papaya Global enables the compliant hiring of employees in more than 160
    countries via its global Employer of Record (EOR) solution. This allows
    clients to hire globally without establishing local entities. Papaya
    collaborates with in-country partners (ICPs) who act as the legal employer
    of employees in each country. This is sometimes referred to as the
    ‘aggregator’ EOR model, as opposed to the ‘wholly owned infrastructure’
    model.
 2. Payroll
    Papaya stands out as one of the limited global Employer of Records (EORs)
    providing an inclusive global payroll solution. This allows companies to
    seamlessly manage payroll for both their local employees and EOR-engaged
    personnel on a unified platform. Distinctively, Papaya possesses its own
    payment platform, eliminating the necessity for third-party payment
    providers. This provides instant visibility into payment progress,
    eliminates the risk of concealed fees, and promptly notifies both the
    employer and employee of any payment issues
 3. Compliance
    Papaya’s legal experts collaborate with International Co-Employment Partners
    (ICPs) to ensure labor contracts align fully with local laws and
    regulations, guaranteeing that employees receive all mandated benefits.
    Additionally, Papaya offers guidance on individual compliance matters as
    they arise, including expert advice on health and safety. Local ICPs undergo
    rigorous vetting to ensure adherence to the highest compliance standards for
    Employer of Record (EOR) solutions. It’s worth highlighting that the Papaya
    platform adheres to rigorous IT compliance standards, featuring a
    comprehensive audit trail and approval chain (meeting SOC requirements),
    secure Single Sign-On (SSO) Login, and two-factor authentication (2FA).
 4. HR
    Papaya Global stands as a leading Human Resource Information System (HRIS).
    By seamlessly integrating with key HR platforms such as BambooHR and
    Workday, Papaya Global facilitates the effortless consolidation of data from
    various sources. The platform’s auto-generated Business Intelligence (BI)
    reports deliver continuous insights derived from HR data.


PRICING

Every service offered by Papaya Global offers transparent pricing details
available on their website. Additionally, Papaya Global mentions on its website
that it offers volume discounts.

EOR $650 / employee / month Contractors $2 / contractor / month Full Service
Payroll $12 / employee / month Payments-as-a-service $3 / employee / month
Global Expertise Services $190 / employee / month Payroll Platform License $3 /
employee / month Data and Insights Platform License $150 / location / month


FAQ

What does Papaya Global do?

Papaya Global empowers companies to seamlessly hire, compensate, and manage
payments for their entire international workforce across 160+ countries. Serving
as a comprehensive workforce solution, it integrates the service capabilities of
a payroll company, a global Employer of Record (EOR), a payments provider, and a
Human Resource Information System (HRIS).

Is Papaya Global a PEO or EOR?

Papaya Global is a global PEO, also known as an EOR. This differs from a
standard PEO because standard PEOs use a co-employment model that requires you
to have a local registered entity in the country where you have employees
(typically the U.S.) Instead, Papaya Global can act as the full legal employer
of your employees, which allows you to hire outside the U.S. without owning a
local entity in those locations

What is Papaya’s valuation?

Papaya Global has a $3.7 billion USD valuation as of May 2023.

Who is Papaya Global not suitable for?

Papaya is not designed for companies without a global presence; it is not a
conventional domestic payroll software. Businesses operating solely within a
single country, without plans for international hiring or expansion, may find
that Papaya is not the most suitable fit for their needs.

Click here to visit the Papaya Global website. 

 


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