Papaya Global’s Post

Managing a global workforce mean staying on top of global policy changes. Papaya's Compliance Bulletin is constantly and continuously updated with the latest changes. Here's what you need to know this week: 🇦🇺 In Australia, two weeks of payment is added to to Parental Leave Pay each year 'til 2026, increasing the total to six weeks. 🇰🇷 In South Korea, effective July 1st, monthly base upper limit for National Pension (NP) is increased to KRW 6,170,000 (from 5,900,000). 🇧🇪 Reminder for Belgium- holiday allowance (92% salary) should have been paid to workers in June. For more information on global payroll in specific countries, check out CountryPedia https://okt.to/w5iJX2 #workforcepayments #payrollcompliance #globalpayroll

Managing and paying a global workforce requires keeping up with all local regulations for full compliance. At Papaya, we empower our customers by constantly informing them of changes is policies anywhere around the world. Read below for the most recent updates: Denmark: Effective from June 2024 the Social Contribution rate from the employer will be a fixed rate of 723.67 DKK per worker per month (increased from 700 DKK). Egypt: The minimum wage increased and currently set at 6,000 EGP. Belgium: Tax free allowance increased to 10,570 EUR Kenya: May 10th was declared a national holiday for Tree Growing Day Chile: New workweek limit in Chile is set at 44 hours. Need information about a specific location? Visit our CountryPedia >> https://okt.to/HXVlLM #globalworkforce #payrollpayments #payrollcompliance

Why do Zambian businesses trust FuseOffice for their payroll needs? 🤔 Here are the top 3 reasons: 1. Local Expertise: We understand the unique challenges of Zambian businesses and tailor our solutions to meet those specific needs. 2. Accuracy & Reliability: With FuseOffice, payroll errors are a thing of the past. Our software ensures precise calculations and timely payments, every time. 3. Compliance Made Easy: Stay on the right side of the law with automated updates to tax regulations and labor laws. Discover why FuseOffice is the go-to choice for payroll management in Zambia! 🌍 #PayrollMadeEasy #HelpingYouThrive #FuseOfficeSoftware #TrustworthyTech #BusinessSolutions

Revision in Public Housing Savings Program The Indonesian Government has recently issued Regulation No. 21 Year 2024 (GR-21) on the Implementation of Public Housing Savings ("Tapera"), amending the previously issued Regulation No. 25 Year 2020 (GR-25). This initiative aims to assist employees in purchasing their own homes through a minimal savings program. Key features of the new regulation are: Coverage: The program now includes private sector employees, expatriate workers working in Indonesia for at least six months, and self-employed individuals. Contribution Rates: Employers must contribute 0.5% and employees 2.5% of the monthly salary to the Tapera fund, totaling a 3% contribution. Statutory Compliance Release Date: May 27, 2024 Effective Date: May 20, 2024 #indonesiapayroll #payroll #asiapayrollhub #challenges

Rising labour costs in Australia are becoming a serious concern for businesses... The recent 3.75% increase in the National Minimum Wage is only part of the story. When you add payroll tax, superannuation, work cover, sick leave, and annual leave, the real cost of employing an unskilled worker earning $60,000 can exceed $80,000. In comparison, you can hire a highly skilled, reliable, and experienced professional from the Philippines for just $20,000 per year, inclusive of ALL costs, with a company like ours providing you onsite management to Australian standard, HR, legal, recruitment & payroll... These professionals can have over 10 years of experience, impeccable written and spoken English, and a genuine commitment to their roles. Consider the math... Unskilled Australian Worker: Salary: $60,000 Payroll Tax (6.85%): $4,110 Superannuation (11%): $6,600 Work Cover (1.5%): $900 Sick Leave (10 days): $2,307 Annual Leave (4 weeks): $4,615 ...Total Real Cost: $78,532 Skilled Filipino Professional: Annual Billing: $20,000 (inclusive of all benefits) No additional hidden costs ...Total Real Cost: $20,000 The choice is clear. Investing in skilled professionals from the Philippines is not only cost-effective but also ensures reliability and quality. I think it's time more smart businesses start to rethink their approach to rising staff costs and invest in long-term, stable, reliable solutions. There's a reason all the big players have already invested in this.

Managing payroll across multiple countries can be difficult, but international payroll outsourcing can make it much easier. When expanding your team to Namibia, navigating compliance, currency conversion, and communication becomes simpler with the right support. PEO Human Resources can handle these complex processes for you, ensuring seamless payroll operations in Namibia. To streamline your global payroll, visit https://lnkd.in/dNuCVeFN or call +264 833 44 1100. #PEOHumanResources #GlobalPayroll #PayrollOutsourcing #InternationalBusiness #PEO #HRManagement #Compliance #EfficientPayroll #CurrencyExchange #BusinessExpansion #GlobalWorkforce

Scale your payroll system with Dynamics Payroll & AccTech Zambia 📈! Whether you’re a small security firm or a large corporation, our solution grows with your business needs. Experience scalability like never before. 🚀 Contact us at sales@data4every1.com for details. #Scalability #DynamicsPayroll #AccTechZambia #BusinessGrowth #SecurityIndustry

Understanding employer payroll contributions in Namibia is crucial for businesses. Typically, employers can expect to add an additional 1.9 - 8.9% on top of employee salaries. This includes Workers Compensation, ranging from 1.0% to 8.0%, and Social Security, capped at 81 NAD per month, at 0.90%. For expert guidance on managing payroll and compliance, visit our website at paymaster.com.na/ or contact us at +264 833 44 1100. #EmployerTax #PayrollManagement #HRServices #NamibiaBusiness #BusinessSolutions #Compliance #WorkersCompensation #SocialSecurity #PayrollContributions #PEOHumanResources

Malaysian Payroll in 2025: Get Ready for Big Changes! 😮 Hey LinkedIn fam! 👋 Budget 2025 is bringing some major changes to payroll in Malaysia. Here's what you need to know as a business owner or HR professional: Minimum wage increase: The minimum wage is going up! ⬆️ From RM1,500 to RM1,700. Make sure your payroll is updated to reflect this change. EPF for foreign workers: All foreign workers will now contribute to EPF. 🌍 This is a big change, so make sure you're prepared. Tax incentives: There are some great tax incentives available for employers, including deductions for: -Hiring women returning to the workforce 👩💼 -Implementing flexible working arrangements 🕰️ -Providing additional welfare leave for employees caring for family members ❤️ Call to action: Don't get caught off guard! 🚨 Make sure your payroll software is up-to-date and you understand the new regulations. Hashtags: #payroll #Malaysia #Budget2025 #HR #humanresources #minimumwage #EPF #foreignworkers #taxincentives #flexibleworking #employeebenefits

Consider the Math