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Papaya's Marketplace Services

We realize many globals workforce services are given various names and definitions across the industry. For clarity's sake, we specified and defined each service.

Payroll

This service is provided when a company is interested in direct employment and has a local entity. A payroll supplier will run and manage the following services for the company’s local entity: payroll employee calculation, benefits management, 3rd party payments (IRS, national insurance, pension scheme, etc.), annual company and employee financial reports, tax filing assistance and more.

Also known as 

ASO (administrative services organization) or Managed Payroll Services (an organization that provides outsourced solutions to meet the administrative and HR needs of the client, with the client retaining all employment, related risks and liabilities).

Standard payment method

Monthly pay based on a fixed price per employee. As for payroll calculation, costs are subject to the number of employees under the payroll. One-time fees may apply for additional services.

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Employer of Record

This service is provided when a company is not interested in directly hiring local employees, or does not have a local entity for direct employment. Suppliers providing this service will hire the company’s employees to become their employer of record for tax and insurance purposes, thus outsourcing the client’s employee management tasks, such as: benefits, payroll and workers’ compensation.

Also known as 

Employee Leasing, PEO (Professional Employment Organization) or GEO (Global Employment Organization), joint employment or co-employment, and Payrolling (in case where a contingent worker is recruited by and works for an organization but whose employer of record is the payroll service provider).

Standard payment method

Monthly pay based on percentage from employment cost, or on a fixed monthly basis per employee. Price is usually subject to the number of employees under the PEO and the employment cost.

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Recruitment

This service includes the overall process of attracting, selecting and appointing suitable candidates for open positions (either temporary or permanent) within an organization.

Also known as 

Head Hunting and Sourcing

Standard payment method

Usually based on success fee. In a case of head hunting or specific arrangements, an advance payment may be charged (refundable or non-refundable).

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Outsourcing

This service is provided when a company is seeking to hand over control of particular services, business processes or manpower, to another party. It refers to both domestic and foreign contracting, including offshoring. motives for outsourcing can be under qualification, rapid employment growth within the company or need for reduced labor costs.

Also known as 

Staffing/Outsourcing and Staff Augmentation

Standard payment method

Hourly or monthly pay for each employee.

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Immigration

This service is provided when a company is interested in relocating employees from one location to another. An immigration supplier will assist corporate clients in covering all aspects of immigration from visa issuing and pre-assessments to legal advice. This service includes: work permits (for expatriates, business trips and short term assignments), residence permits, spouse and family permits and advice on the type of permit needed depending on employee nationality, profession and host country.

Also known as 

Work Permit Services and Expatriate Relocation

Standard payment method

Per permit and related services (spouse and family permits, legal advice, etc.).

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HR Administration

This service provides advice and guidance to ensure your complete local compliance. It includes: drafting country guides, advice on hiring and termination processes, managing benefits and pension plans, providing salary benchmarks and advice on compensation plans.

Also known as 

Benefits management and Human Resource Outsourcing (HRO)

Standard payment method

Hourly or monthly fixed basis, or per specific service.

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