The COVID-19 pandemic, integrated with advancements in business connection software… Papaya Global System Training …
insights are valuable to us and and your fellow participants so first things first though um let’s get to know everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I have actually had roles in all sort of Industries retail and Charm to Aerospace in all kinds of services startup to matrixed environments around the world I supplied management and strategy to populations of more than 100,000 staff members on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
Worldwide I work throughout the business man maning and constructing external relationships supporting Enterprise customers and services and functioning as a consultant I wish to introduce our first Greg um guest 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 corporate counsil at bambo HR so I lead our in-house legal team and really work very carefully with our um HR department also to deal with various legal and HR matters that show up so actually thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our mission is to set you as HR specialists free to do great
Implementation Challenges:
Although Papaya Global provides integrations with numerous HR and financing systems, we experienced some hurdles throughout the combination process. Tailoring the software application to align with our existing facilities proved to be more complicated than prepared for, resulting in delays in the preliminary rollout.
Pricing Issues:
The extensive functions offered by Papaya Global come at a cost, which some of our smaller sized subsidiaries found to be excessively pricey. As a worldwide company, we had to thoroughly weigh the requirement for advanced performance against budget plan restrictions.
Support Reaction Time:
On occasion, our groups experienced issues that needed urgent assistance. Nevertheless, the reaction time from Papaya Global’s customer assistance group was not always as prompt as we would have liked, resulting in delays in resolving those issues.
Our execution of included a phased method. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This allowed us to identify and attend to integration challenges early on. As the software ended up being more implanted in our operations, we slowly expanded its use to cover our entire international workforce.
The automated functions structured our payroll procedures, lowering the time spent on manual computations and compliance tracking. Regular training sessions and ongoing support from Papaya assisted our teams become skilled users of the software application, maximizing its capacity for our organization.
Business that staff member workers throughout several countries often face intricate challenges when it comes to managing their labor force. Among the greatest hurdles is combining different information streams and sticking to diverse regional and national labor guidelines, which can be both lengthy and costly. Additionally, setting up local entities in brand-new regions can be a pricey and suboptimal option, with alternatives such as opening a foreign subsidiary or working with an expert employment company (PEO) often charging up to 15% of the payroll. These obstacles have actually resulted in a significant boost in trouble recruiting qualified workers, 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 service supporting all kinds of employment. It supplies an end-to-end platform, from worker onboarding and ongoing management to global payments and. It helps business with labor law compliance in the jurisdictions in which they run, uses management of employment benefits, and guarantees data privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading expert in payroll and labor force management. She co-founded after seeing the technology space in worldwide.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to participate in the complete webcast in order to get 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 web browser with the webcast study please be sure to finish it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation 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 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 life obstacles genuine local policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to secure your company and workers while staying compliant in an
Ever developing regulatory environment in the everchanging world of organization and financing ensuring compliance with payroll regulations is not just essential but also a legal imperative from the moment of hiring to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant effects nevertheless with a much deeper more nuanced understanding of their responsibilities organizations can not only navigate the complex landscape however likewise proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools required to navigate the complex Surface of compliance whether you’re a skilled P professional a small company owner or somebody brand-new to the field what I would like to do before we begin and I think it’s really important
In our mission to boost efficiency and precision in managing our global labor force, our multinational corporation turned to, a leading and workforce management software application. The transition intended to streamline the complex task of handling throughout numerous countries, currencies, and compliance guidelines.