The COVID-19 pandemic, combined with improvements in business connection software… Change Data Path Papaya Global …
insights are valuable to us and and your fellow attendees so first things initially though um let’s get to know everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all kind of Industries retail and Beauty to Aerospace in all kinds of companies startup to matrixed environments across the globe I supplied management and strategy to populations of more than 100,000 staff members on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
Global I work throughout business guy maning and building external relationships supporting Enterprise customers and services and serving as an advisor I want to present our first Greg um guest Greg who will kick things off by telling us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal group and really work really closely with our um HR department too to manage different legal and HR matters that turn up so actually delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our mission is to set you as HR professionals totally free to do excellent
Implementation Challenges:
Although Papaya Global offers combinations with various HR and financing systems, we came across some obstacles during the combination process. Tailoring the software application to align with our existing facilities proved to be more complex than anticipated, leading to delays in the preliminary rollout.
Prices Concerns:
The substantial features provided by Papaya Global come at an expense, which some of our smaller subsidiaries found to be excessively expensive. As an international organization, we had to carefully weigh the need for sophisticated functionality versus spending plan restrictions.
Assistance Action Time:
On occasion, our teams experienced issues that required immediate help. Nevertheless, the reaction time from Papaya Global’s customer support group was not constantly as timely as we would have liked, causing delays in dealing with those problems.
Our execution of involved a phased technique. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This allowed us to determine and address integration challenges early on. As the software application became more ingrained in our operations, we gradually broadened its usage to cover our whole worldwide workforce.
The automated features structured our payroll processes, lowering the time invested in manual estimations and compliance tracking. Routine training sessions and continuous assistance from Papaya helped our teams become skilled users of the software, optimizing its potential for our organization.
However, paying a labor force can be intricate. It is particularly challenging for companies who employ staff throughout several countries, as they must continuously consolidate different information streams, by hand track regional and national labor and regulations, and invest valuable time and resources to set up local entities in brand-new locations. These companies are confronted with suboptimal, costly choices, like opening a foreign subsidiary or working with an expert work company, which is a regional firm that employs workers on their behalf and can charge up to 15% of. By 2022, 75% of employers reported problem recruiting qualified workers, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.
uses a solution supporting all forms of work. It provides an end-to-end platform, from staff member onboarding and ongoing management to international payments and. It helps business with labor law compliance in the jurisdictions in which they operate, offers management of work benefits, and makes sure information personal privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading expert in payroll and labor force management. She co-founded after seeing the innovation gap in international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to attend the complete webcast in order to receive your credits if you have any questions during the webcast please click the Q&A tab in your webinar controls and type the there a brand-new tab will open in your web browser with the webcast survey please make sure to complete it as soon as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hello and thank you for joining us today we’re enjoyed have you here as we embark on a journey of data to guideline attaining
360 degree employee compliance where we’ll dive into the necessary elements of the staff member compliance management design throughout the session we’ll explore real life difficulties real local regulations best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to safeguard your company and employees while remaining certified in an
Ever progressing regulatory environment in the everchanging world of business and financing ensuring compliance with payroll regulations is not just essential however likewise a legal vital from the moment of hiring to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance threats that have far-reaching effects however with a much deeper more nuanced understanding of their responsibilities companies can not only browse the elaborate landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to browse the complex Surface of compliance whether you’re a seasoned P professional a small company owner or somebody new to the field what I want to do before we begin and I think it’s actually crucial
In our quest to improve effectiveness and accuracy in handling our global labor force, our international corporation turned to, a leading and labor force management software application. The shift aimed to simplify the complex task of managing across various countries, currencies, and compliance policies.