on local employer of record services
The average employment of record service is priced at 25-30% of the employment cost.
Papaya eliminates 3rd party or broker margins, so that the same service is reduced to 15-18% of employment cost. That’s about 50% savings on local Employer of record services or outsourced payroll services.
Surveys show that companines managing global payroll manually incur an extra cost of ~$30K on average every year due to mistakes (on a payroll of 50-100 employees)
Papaya’s platform provides automated processes and customized workflows, combined with local expertise, guaranteeing you never miss a bit.
By eliminating costly payroll mistakes thanks to automated expert global payroll
Less than 2 hours
And you’re up and running with a verified local payroll provider
On average, 5 working days.
With papaya’s preferred supplier network we already selected and screened the local payroll suppliers for you and provide full quality guarantee, so that you can be up and running within less than 2 hours!
On average, 2-4 hours per month per employee.
With papaya’s free platform, your monthly invoice-tracking, global payroll process and budget monitoring are consolidated into one pre-defined workflow.
Hence, monthly monitoring time is reduced to less than 30 minutes per month per employee.
Less than 30 min a month
per employee Spent on payroll tracking and management