The COVID-19 pandemic, combined with improvements in enterprise connectivity software… Papaya Global Puerto Rico …
insights are important to us and and your fellow guests so first things initially though um let’s be familiar with everybody my name is Ian Charles and I have actually operated in payroll for the last 25 years I’ve had functions in all type of Industries retail and Appeal to Aerospace in all kinds of organizations start-up to matrixed environments around the world I offered leadership 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
International I work across business male maning and developing external relationships supporting Enterprise clients and services and serving as a consultant I want to present 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 stated 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 extremely carefully with our um HR department too to manage different legal and HR matters that show 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 professionals totally free to do terrific
Implementation Barriers:
Although Papaya Global provides combinations with numerous HR and finance systems, we came across some hurdles during the combination process. Tailoring the software to align with our existing facilities showed to be more complex than prepared for, resulting in hold-ups in the initial rollout.
Prices Concerns:
The comprehensive features provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be excessively costly. As a global company, we had to thoroughly weigh the requirement for sophisticated performance against budget plan restrictions.
Support Reaction Time:
On occasion, our groups experienced concerns that needed urgent assistance. Nevertheless, the reaction time from Papaya Global’s client assistance group was not constantly as timely as we would have liked, resulting in delays in fixing those problems.
Our execution of involved a phased technique. We began by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing processes. This enabled us to recognize and resolve integration challenges early on. As the software application ended up being more instilled in our operations, we gradually expanded its use to cover our entire worldwide workforce.
The automated features streamlined our payroll procedures, reducing the time spent on manual estimations and compliance tracking. Routine training sessions and continuous support from Papaya helped our groups become competent users of the software, maximizing its potential for our company.
Nevertheless, paying a labor force can be intricate. It is particularly challenging for business who use personnel across several countries, as they must continuously combine different data streams, by hand track local and national labor and guidelines, and invest important time and resources to establish regional entities in brand-new areas. These business are faced with suboptimal, expensive options, like opening a foreign subsidiary or hiring an expert work organization, which is a local firm that employs staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty recruiting certified personnel, a boost of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.
uses a service supporting all kinds of work. It provides an end-to-end platform, from employee onboarding and ongoing management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, uses management of work advantages, 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 workforce management. She co-founded after seeing the technology space in international.
papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to go to 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 new tab will open in your internet browser with the webcast study please make 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 data to policy achieving
360 degree employee compliance where we’ll dive into the necessary aspects of the employee compliance management model throughout the session we’ll explore real world challenges real local policies finest 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 workers while remaining compliant in an
Ever evolving regulative environment in the everchanging world of organization and finance making sure compliance with payroll guidelines is not just vital but also a legal essential from the moment of working with to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance threats that have far-reaching consequences however with a much deeper more nuanced understanding of their commitments companies can not only navigate the intricate landscape but likewise proactively guarantee this 360 degree compliance the webinar is designed to equip you with the knowledge and tools needed to browse the complex Surface of compliance whether you’re a skilled P professional a small business owner or someone new to the field what I want to do before we start and I believe it’s actually essential
In our quest to enhance effectiveness and accuracy in managing our worldwide labor force, our multinational corporation turned to, a leading and labor force management software. The shift aimed to simplify the complex task of managing across different nations, currencies, and compliance guidelines.