The COVID-19 pandemic, integrated with improvements in business connection software… Papaya Global 2023 Download …
insights are valuable to us and and your fellow guests so first things first though um let’s get to know everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Charm to Aerospace in all kinds of organizations startup to matrixed environments across the globe I offered leadership and method to populations of more than 100,000 workers on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya
Worldwide I work throughout the business guy maning and constructing external relationships supporting Business customers and options and acting as a consultant I want to present our first Greg um visitor Greg who will kick things off by telling us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal group and in fact work extremely closely with our um HR department as well to manage different legal and HR matters that turn up so actually thrilled to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our mission is to set you as HR specialists complimentary to do excellent
Implementation Barriers:
Although Papaya Global supplies integrations with different HR and finance systems, we came across some difficulties during the combination process. Tailoring the software to line up with our existing infrastructure proved to be more complicated than expected, resulting in hold-ups in the preliminary rollout.
Prices Concerns:
The extensive features offered by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be excessively pricey. As an international company, we had to thoroughly weigh the requirement for sophisticated performance versus budget restraints.
Assistance Response Time:
On occasion, our teams experienced concerns that needed urgent help. However, the response time from Papaya Global’s customer assistance team was not always as timely as we would have liked, leading to hold-ups in fixing those problems.
Our execution of included a phased approach. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing procedures. This allowed us to recognize and resolve integration obstacles early on. As the software application became more ingrained in our operations, we gradually broadened its use to cover our whole international labor force.
The automated functions structured our payroll procedures, reducing the time spent on manual computations and compliance tracking. Regular training sessions and continuous assistance from Papaya assisted our groups become skilled users of the software application, maximizing its potential for our company.
However, paying a workforce can be complex. It is especially challenging for companies who use staff throughout multiple countries, as they must continuously consolidate various information streams, manually track local and national labor and policies, and spend important time and resources to set up regional entities in new areas. These business are faced with suboptimal, expensive alternatives, like opening a foreign subsidiary or employing an expert employment company, which is a local company that employs staff members on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble recruiting certified workers, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.
uses a solution supporting all kinds of work. It offers an end-to-end platform, from employee onboarding and continuous management to international payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, provides management of work benefits, and makes sure data privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading specialist in payroll and labor force management. She co-founded after seeing the technology gap in worldwide.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to go to the total webcast in order to get your credits if you have any questions throughout the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast study please be sure to finish it as quickly as the webcast has actually 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 start a journey of data to regulation achieving
360 degree employee compliance where we’ll dive into the essential aspects of the staff member compliance management model throughout the session we’ll check out real world obstacles real regional guidelines best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to protect your organization and employees while remaining compliant in an
Ever developing regulative environment in the everchanging world of business and finance making sure compliance with payroll policies is not just essential but also a legal imperative from the moment of working with to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance risks that have far-reaching consequences nevertheless with a deeper more nuanced understanding of their commitments organizations can not only browse the complex landscape but likewise proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools essential to navigate the complex Surface of compliance whether you’re a skilled P expert a small business owner or someone brand-new to the field what I want to do before we begin and I believe it’s truly crucial
In our quest to enhance performance and precision in handling our international workforce, our multinational corporation turned to, a leading and labor force management software application. The transition aimed to simplify the complex task of handling throughout various nations, currencies, and compliance regulations.