The COVID-19 pandemic, combined with improvements in business connectivity software… Papaya Global Pension Refund …
insights are valuable to us and and your fellow guests so first things initially though um let’s get to know everyone my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had roles in all kind of Industries retail and Charm to Aerospace in all types of companies start-up to matrixed environments across the globe I provided leadership and method to populations of more than 100,000 employees on a monthly basis and in over 170 nations today I’m the perel strategist for papaya
International I work across business guy maning and building external relationships supporting Enterprise customers and services and acting as an advisor I want to introduce our first Greg um guest Greg who will kick things off by informing 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 actually work really closely with our um HR department as well to deal with various legal and HR matters that turn up so really delighted to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our objective is to set you as HR experts complimentary to do excellent
Implementation Obstacles:
Although Papaya Global provides combinations with different HR and financing systems, we experienced some difficulties throughout the integration process. Personalizing the software application to line up with our existing facilities showed to be more complex than prepared for, resulting in delays in the preliminary rollout.
Prices Issues:
The extensive functions offered by Papaya Global come at an expense, which some of our smaller subsidiaries discovered to be prohibitively expensive. As a global organization, we had to carefully weigh the need for sophisticated functionality versus budget restraints.
Support Reaction Time:
On occasion, our groups experienced issues that needed urgent help. However, the action time from Papaya Global’s consumer assistance team was not always as timely as we would have liked, leading to hold-ups in fixing those problems.
Our execution of involved a phased technique. We started by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This enabled us to recognize and attend to combination difficulties early on. As the software application became more instilled in our operations, we slowly expanded its use to cover our whole worldwide labor force.
The automated functions structured our payroll processes, minimizing the time invested in manual calculations and compliance tracking. Routine training sessions and ongoing assistance from Papaya helped our groups become competent users of the software application, maximizing its potential for our organization.
Companies that staff member workers across several nations typically face intricate challenges when it comes to managing their labor force. Among the most significant hurdles is combining various information streams and adhering to varied regional and nationwide labor regulations, which can be both lengthy and expensive. Additionally, establishing regional entities in brand-new areas can be a pricey and suboptimal option, with alternatives such as opening a foreign subsidiary or hiring an expert employment organization (PEO) frequently charging up to 15% of the payroll. These challenges have caused a significant increase in difficulty recruiting qualified workers, with 75% of companies reporting this concern in 2022, a 21% increase from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.
uses a service supporting all kinds of work. It offers an end-to-end platform, from employee onboarding and continuous management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, provides management of employment advantages, and ensures information 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 make certain to go to the total webcast in order to receive your credits if you have any questions 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 internet browser with the webcast survey please make sure to finish 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 hi and thank you for joining us today we’re enjoyed have you here as we embark on a journey of data to regulation accomplishing
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 obstacles real regional regulations finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your organization and staff members while staying compliant in an
Ever developing regulative environment in the everchanging world of organization and finance guaranteeing compliance with payroll policies is not just essential but likewise a legal crucial from the minute of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance risks that have significant consequences nevertheless with a much deeper more nuanced understanding of their obligations organizations can not just navigate the intricate landscape but likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the knowledge and tools essential to browse the complex Terrain of compliance whether you’re a seasoned P specialist a small company owner or somebody brand-new to the field what I would like to do before we start and I think it’s really crucial
In our quest to boost performance and precision in handling our worldwide labor force, our multinational corporation turned to, a leading and labor force management software. The shift intended to streamline the complex task of handling throughout numerous countries, currencies, and compliance regulations.