The COVID-19 pandemic, integrated with advancements in business connectivity software… Papaya Global Processing Date …
insights are important to us and and your fellow participants so first things initially though um let’s be familiar with everyone my name is Ian Charles and I’ve operated in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Appeal to Aerospace in all types of companies start-up to matrixed environments around the world I supplied management and strategy 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 business guy maning and constructing external relationships supporting Business customers and services and serving as a consultant I ‘d like to introduce our very first Greg um visitor 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 said my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal team and in fact work very carefully with our um HR department also to manage various legal and HR matters that show up so truly 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 fantastic
Implementation Barriers:
Although Papaya Global supplies integrations with various HR and financing systems, we came across some obstacles throughout the combination procedure. Personalizing the software application to line up with our existing facilities showed to be more intricate than expected, resulting in hold-ups in the preliminary rollout.
Prices Issues:
The substantial features offered by Papaya Global come at an expense, which a few of our smaller sized subsidiaries discovered to be prohibitively pricey. As an international company, we had to thoroughly weigh the requirement for innovative performance versus budget plan restraints.
Support Reaction Time:
On occasion, our groups experienced concerns that required urgent support. Nevertheless, the reaction time from Papaya Global’s client assistance group was not always as prompt as we would have liked, leading to delays in dealing with those issues.
Our application of included a phased method. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This enabled us to identify and attend to integration challenges early on. As the software became more ingrained in our operations, we slowly expanded its use to cover our entire worldwide labor force.
The automated features streamlined our payroll procedures, decreasing the time invested in manual estimations and compliance tracking. Regular training sessions and continuous assistance from Papaya assisted our groups end up being proficient users of the software application, optimizing its potential for our organization.
Business that worker workers throughout numerous nations frequently deal with detailed difficulties when it pertains to handling their labor force. One of the biggest hurdles is consolidating various information streams and sticking to diverse local and national labor regulations, which can be both time-consuming and expensive. Furthermore, establishing local entities in brand-new regions can be a pricey and suboptimal option, with options such as opening a foreign subsidiary or employing an expert work company (PEO) typically charging up to 15% of the payroll. These obstacles have actually led to a substantial boost in difficulty recruiting certified personnel, with 75% of companies reporting this problem in 2022, a 21% increase from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.
offers a solution supporting all kinds of work. It offers an end-to-end platform, from worker onboarding and ongoing management to global payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, provides management of employment advantages, and ensures 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 workforce management. She co-founded after seeing the technology space in international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to go to the complete webcast in order to receive your credits if you have any concerns during the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your internet browser with the webcast survey 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 enjoyed have you here as we embark on a journey of information to regulation achieving
360 degree employee compliance where we’ll dive into the necessary aspects of the worker compliance management design throughout the session we’ll check out real world obstacles genuine local guidelines best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and employees while remaining compliant in an
Ever progressing regulatory environment in the everchanging world of service and financing making sure compliance with payroll policies is not just crucial however likewise a legal vital from the moment of working with to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance risks that have significant effects however with a deeper more nuanced understanding of their obligations companies can not just navigate the elaborate landscape but also proactively ensure this 360 degree compliance the webinar is designed 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 someone brand-new to the field what I want to do before we begin and I think it’s actually important
In our quest to enhance performance and accuracy in managing our worldwide workforce, our international corporation turned to, a leading and workforce management software application. The shift aimed to streamline the complex task of managing throughout different nations, currencies, and compliance guidelines.