The COVID-19 pandemic, combined with developments in business connectivity software… Papaya Global Update 2022/23 …
insights are valuable to us and and your fellow guests so first things initially though um let’s get to know everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Appeal to Aerospace in all kinds of organizations start-up to matrixed environments around the world I supplied leadership and strategy to populations of more than 100,000 staff members on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya
Global I work throughout business man maning and constructing external relationships supporting Business customers and options and acting as a consultant I ‘d like to present our very 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 said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal group and in fact work extremely closely with our um HR department also to deal with numerous legal and HR matters that turn up so truly thrilled 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 free to do terrific
Application Obstacles:
Although Papaya Global supplies combinations with different HR and financing systems, we encountered some obstacles during the integration process. Personalizing the software application to align with our existing infrastructure proved to be more complicated than expected, leading to delays in the initial rollout.
Pricing Concerns:
The substantial features offered by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be excessively pricey. As an international company, we had to thoroughly weigh the need for sophisticated performance against spending plan restraints.
Support Action Time:
On occasion, our groups experienced issues that needed urgent assistance. However, the action time from Papaya Global’s consumer support group was not always as prompt as we would have liked, causing delays in solving those concerns.
Our execution of involved a phased approach. We began by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing processes. This permitted us to identify and resolve integration obstacles early on. As the software application became more ingrained in our operations, we gradually broadened its usage to cover our entire global labor force.
The automated functions streamlined our payroll processes, minimizing the time spent on manual computations and compliance tracking. Regular training sessions and ongoing assistance from Papaya helped our groups become proficient users of the software application, optimizing its potential for our company.
Business that employee workers throughout multiple countries often deal with detailed challenges when it comes to handling their workforce. One of the greatest obstacles is combining numerous data streams and adhering to varied regional and nationwide labor guidelines, which can be both lengthy and expensive. Furthermore, establishing local entities in brand-new areas can be a costly and suboptimal choice, with alternatives such as opening a foreign subsidiary or employing a professional work organization (PEO) typically charging up to 15% of the payroll. These challenges have resulted in a substantial boost in problem recruiting certified workers, with 75% of companies reporting this problem in 2022, a 21% boost from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
provides a solution supporting all kinds of work. It supplies an end-to-end platform, from staff member onboarding and continuous management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, provides management of work advantages, and makes sure data personal privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading professional in payroll and labor force management. She co-founded after seeing the technology gap in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to attend the total webcast in order to get your credits if you have any concerns throughout 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 make sure to finish it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re enjoyed have you here as we start a journey of information to regulation accomplishing
360 degree worker compliance where we’ll dive into the essential elements of the staff member compliance management design throughout the session we’ll explore real life difficulties genuine local policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to secure your company and workers while staying certified in an
Ever progressing regulative environment in the everchanging world of company and finance ensuring compliance with payroll policies is not just essential but also a legal imperative from the moment of employing to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance risks that have significant effects nevertheless with a deeper more nuanced understanding of their obligations companies can not only browse the elaborate landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools essential to navigate the complex Terrain of compliance whether you’re a skilled P specialist a small business owner or someone brand-new to the field what I would like to do before we start and I think it’s actually crucial
In our mission to improve performance and accuracy in handling our global workforce, our international corporation turned to, a leading and workforce management software. The transition aimed to simplify the complex task of handling across different nations, currencies, and compliance policies.