The COVID-19 pandemic, integrated with advancements in business connection software… Papaya Global Salary Sacrifice Pension …
insights are valuable to us and and your fellow attendees so first things first though um let’s learn more about everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Beauty to Aerospace in all types of companies start-up to matrixed environments around the world I offered management and method to populations of more than 100,000 workers on a monthly basis and in over 170 nations today I’m the perel strategist for papaya
Worldwide I work throughout the business man maning and developing external relationships supporting Enterprise customers and solutions and acting as a consultant I ‘d like to present 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 actually work extremely carefully with our um HR department too to handle different legal and HR matters that turn up so really 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
Execution Barriers:
Although Papaya Global provides integrations with various HR and financing systems, we encountered some obstacles during the integration process. Customizing the software application to align with our existing infrastructure proved to be more complicated than anticipated, resulting in hold-ups in the initial rollout.
Pricing Concerns:
The comprehensive features provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries discovered to be prohibitively costly. As an international organization, we had to thoroughly weigh the need for sophisticated functionality versus budget restrictions.
Assistance Response Time:
On occasion, our teams experienced problems that needed immediate assistance. Nevertheless, the action time from Papaya Global’s customer assistance group was not constantly as prompt as we would have liked, leading to hold-ups in solving those problems.
Our implementation of involved a phased technique. We started by onboarding a couple of subsidiaries to test the system’s compatibility with our existing procedures. This enabled us to identify and attend to combination obstacles early on. As the software ended up being more ingrained in our operations, we gradually broadened its use to cover our whole global workforce.
The automated features structured our payroll procedures, lowering the time invested in manual computations and compliance tracking. Routine training sessions and continuous support from Papaya assisted our teams become proficient users of the software application, maximizing its capacity for our organization.
However, paying a workforce can be intricate. It is especially challenging for companies who utilize personnel across multiple countries, as they must continuously consolidate different information streams, manually track local and nationwide labor and guidelines, and invest important time and resources to set up local entities in new locations. These companies are faced with suboptimal, pricey choices, like opening a foreign subsidiary or working with a professional employment company, which is a regional firm that employs workers on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble recruiting qualified workers, an increase 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.
provides an option supporting all forms of employment. It offers an end-to-end platform, from staff member 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 work benefits, and guarantees 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 labor force management. She co-founded after seeing the innovation space in global.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to participate in 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 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 start a journey of information to guideline accomplishing
360 degree staff member compliance where we’ll dive into the essential elements of the worker compliance management design throughout the session we’ll explore real world obstacles real regional policies best practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to secure your organization and employees while staying certified in an
Ever developing regulatory environment in the everchanging world of organization and finance guaranteeing compliance with payroll policies is not just crucial however likewise a legal essential from the moment of employing to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance risks that have far-reaching consequences nevertheless with a much deeper more nuanced understanding of their responsibilities companies can not only navigate the elaborate landscape but likewise proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools required to navigate the complex Terrain of compliance whether you’re a skilled P expert a small company owner or somebody brand-new to the field what I want to do before we start and I think it’s truly important
In our mission to improve efficiency and accuracy in handling our global labor force, our multinational corporation turned to, a leading and workforce management software application. The transition intended to simplify the complex task of managing across different nations, currencies, and compliance regulations.