The COVID-19 pandemic, integrated with advancements in enterprise connection software application… Papaya Global 50 Year End 2020 …
insights are valuable to us and and your fellow attendees so first things first though um let’s learn more about everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all type of Industries retail and Appeal to Aerospace in all types of organizations start-up to matrixed environments around the world I provided leadership and strategy to populations of more than 100,000 employees 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 clients and solutions and acting as a consultant I want to introduce our first Greg um guest 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 too to deal with various legal and HR matters that come up so actually excited to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our objective is to set you as HR experts free to do terrific
Implementation Challenges:
Although Papaya Global provides integrations with different HR and finance systems, we came across some hurdles during the combination process. Customizing the software to line up with our existing facilities proved to be more intricate than expected, leading to hold-ups in the initial rollout.
Rates Issues:
The extensive features used by Papaya Global come at a cost, which some of our smaller sized subsidiaries found to be prohibitively expensive. As a global company, we needed to thoroughly weigh the requirement for innovative functionality against budget restrictions.
Support Reaction Time:
On occasion, our groups experienced concerns that required immediate assistance. However, the action time from Papaya Global’s customer assistance team was not always as timely as we would have liked, resulting in delays in fixing those concerns.
Our application of included a phased method. We began by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This permitted us to recognize and attend to combination difficulties early on. As the software ended up being more instilled in our operations, we slowly broadened its usage to cover our whole worldwide workforce.
The automated features streamlined our payroll processes, minimizing the time spent on manual calculations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups become proficient users of the software, optimizing its potential for our company.
Business that staff member workers throughout several nations frequently deal with intricate difficulties when it comes to handling their workforce. Among the greatest difficulties is combining different information streams and sticking to varied regional and national labor regulations, which can be both lengthy and pricey. Moreover, establishing local entities in new areas can be an expensive and suboptimal choice, with options such as opening a foreign subsidiary or working with an expert work company (PEO) often charging up to 15% of the payroll. These obstacles have led to a substantial increase in problem recruiting qualified personnel, with 75% of companies reporting this problem in 2022, a 21% increase from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
offers a service supporting all types of work. It offers an end-to-end platform, from staff member onboarding and ongoing management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they run, provides management of employment benefits, and makes sure data privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. A business owner 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 global.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to attend the complete webcast in order to receive your credits if you have any concerns during the webcast please click on 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 study please be sure to complete it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hey there and thank you for joining us today we’re thrilled to have you here as we embark on a journey of data to guideline achieving
360 degree worker compliance where we’ll dive into the vital elements of the staff member compliance management design throughout the session we’ll explore real world challenges real regional regulations best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to secure your organization and staff members while staying compliant in an
Ever evolving regulative environment in the everchanging world of company and financing making sure compliance with payroll policies is not just vital however also a legal crucial from the moment of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance threats that have significant repercussions nevertheless with a much deeper more nuanced understanding of their commitments organizations can not only browse the elaborate landscape however also proactively ensure this 360 degree compliance the webinar is developed to equip you with the knowledge and tools required to navigate the complex Terrain of compliance whether you’re a skilled P expert a small company owner or someone brand-new to the field what I want to do before we start and I think it’s really essential
In our mission to enhance effectiveness and precision in handling our international labor force, our multinational corporation turned to, a leading and labor force management software application. The transition aimed to streamline the complex job of handling across various nations, currencies, and compliance guidelines.