The COVID-19 pandemic, combined with improvements in business connectivity software… Papaya Global Austin Office …
insights are important 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’ve operated in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Beauty to Aerospace in all kinds of services start-up to matrixed environments across the globe I supplied management and strategy to populations of more than 100,000 workers on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya
Worldwide I work across the business man maning and developing external relationships supporting Business clients and solutions 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 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 business counsil at bambo HR so I lead our in-house legal team and really work extremely closely with our um HR department also to deal with numerous legal and HR matters that show up so actually excited to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our objective is to set you as HR professionals free to do great
Implementation Obstacles:
Although Papaya Global supplies integrations with various HR and financing systems, we encountered some difficulties during the combination process. Tailoring the software to align with our existing facilities proved to be more complex than anticipated, leading to hold-ups in the initial rollout.
Rates Concerns:
The comprehensive features provided by Papaya Global come at a cost, which some of our smaller subsidiaries found to be excessively costly. As a worldwide company, we needed to thoroughly weigh the need for sophisticated functionality versus spending plan constraints.
Assistance Response Time:
On occasion, our groups experienced concerns that required urgent help. Nevertheless, the response time from Papaya Global’s client support team was not always as timely as we would have liked, resulting in hold-ups in resolving those concerns.
Our execution of involved a phased technique. We started by onboarding a couple of subsidiaries to test the system’s compatibility with our existing processes. This allowed us to determine and address integration challenges early on. As the software became more implanted in our operations, we slowly expanded its usage to cover our entire international workforce.
The automated functions structured our payroll procedures, reducing the time invested in manual estimations and compliance tracking. Regular training sessions and continuous assistance from Papaya assisted our groups become proficient users of the software application, optimizing its capacity for our company.
Companies that worker workers throughout multiple nations typically deal with detailed challenges when it comes to handling their labor force. One of the biggest obstacles is consolidating different data streams and adhering to varied regional and national labor policies, which can be both lengthy and costly. Moreover, establishing local entities in new areas can be an expensive and suboptimal option, with options such as opening a foreign subsidiary or working with an expert employment organization (PEO) typically charging up to 15% of the payroll. These obstacles have caused a significant increase in difficulty hiring qualified personnel, with 75% of companies reporting this concern in 2022, a 21% boost from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
uses an option supporting all forms of work. It provides an end-to-end platform, from staff member onboarding and continuous management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, offers management of employment benefits, and makes sure data personal privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading professional in payroll and labor force management. She co-founded after seeing the innovation space in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please be sure to go to the total webcast in order to get your credits if you have any concerns throughout the webcast please click on 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 make sure to complete it as soon as the webcast has actually 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 policy achieving
360 degree employee compliance where we’ll dive into the important aspects of the employee compliance management model throughout the session we’ll check out real world challenges real regional policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to safeguard your company and staff members while staying certified in an
Ever evolving regulatory environment in the everchanging world of service and finance guaranteeing compliance with payroll regulations is not just crucial however also a legal vital from the minute of working with to the in intri complexities even sorry of termination every step along the worker journey is Frau with compliance dangers that have far-reaching consequences nevertheless with a much deeper more nuanced understanding of their responsibilities companies can not just browse the detailed landscape but also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the knowledge and tools essential to browse the complex Terrain of compliance whether you’re a seasoned P expert a small company owner or somebody brand-new to the field what I would like to do before we begin and I believe it’s truly important
In our quest to boost effectiveness and precision in handling our international workforce, our multinational corporation turned to, a leading and labor force management software. The shift aimed to simplify the complex task of handling across various nations, currencies, and compliance guidelines.