Papaya Global expanded its U.S. workforce and payroll capabilities to include a “made-to-measure solution” that helps organizations compliantly navigate U.S. payroll complexities. The company said the expansion will provide customers with a “holistic” payroll, employer of record and PEO solution.
Workforce management in the U.S. is unique because of its complex tax system, varying state and local labor laws, employment classification, “at-will” employment and document retention guidelines, the company said.
“The challenge of U.S. payroll is greater than the sum of regulations in 50 states. It’s extremely complex,” said Papaya Global CEO and Co-Founder Eynat Guez. “Each state has its own labor laws that dictate anything from minimum wage, percentages of contributions, family leave, as well as city and state taxes.”
Payroll and Workforce Management
Papaya Global provides payroll and PEO solutions as necessary for all employment models, including W-9, Non-U.S. employees (W-8) and contractors (1099). The new features will “eliminate the need for establishing local entities and enables global organizations to manage their workforce in the United States with its EOR solution,” the company said.
The updates use AI technology to streamline payroll and payment processes, aiming to ensure complete compliance and documentation, supported by Papaya Global’s bank-level licenses and its partnerships with J.P. Morgan and Citibank. In addition, the company’s suite of tools can assist companies in handling diverse workforce management scenarios via integrations and partnerships with solutions providers in the HR and payroll industry.
In March, Papaya Global launched Papaya Global Payroll Payments, a solution designed to help organizations process global payroll and make mass payments to employees, authorities and benefits vendors. According to the company, the offering gives clients the ability to “provide faster payments” with the help of specific money transfer licenses that Papaya owns globally.
Image: Papaya Global
