The COVID-19 pandemic, combined with developments in business connectivity software… Payroll Company Papaya Global …
insights are important to us and and your fellow attendees so first things initially though um let’s get to know everybody my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Beauty to Aerospace in all types of organizations startup to matrixed environments across the globe I provided management 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
Global I work throughout business male maning and constructing external relationships supporting Enterprise customers and services and serving as a consultant I ‘d like to introduce our first Greg um visitor 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 internal legal group and really work very carefully with our um HR department too to manage numerous legal and HR matters that turn up so really excited to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our objective is to set you as HR professionals complimentary to do terrific
Implementation Challenges:
Although Papaya Global offers integrations with various HR and financing systems, we encountered some hurdles during the integration procedure. Personalizing the software to align with our existing infrastructure showed to be more complicated than expected, leading to hold-ups in the initial rollout.
Prices Concerns:
The substantial functions provided by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be prohibitively costly. As a worldwide company, we needed to thoroughly weigh the requirement for innovative performance versus budget restraints.
Support Reaction Time:
On occasion, our groups experienced concerns that required urgent assistance. However, the response time from Papaya Global’s client assistance team was not always as prompt as we would have liked, leading to delays in solving those concerns.
Our application of involved a phased approach. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing procedures. This permitted us to recognize and address integration difficulties early on. As the software ended up being more implanted in our operations, we slowly expanded its usage to cover our entire international labor force.
The automated features structured our payroll procedures, minimizing the time invested in manual estimations and compliance tracking. Regular training sessions and ongoing assistance from Papaya helped our groups become proficient users of the software application, maximizing its capacity for our company.
Nevertheless, paying a workforce can be intricate. It is particularly challenging for business who use staff across numerous countries, as they need to constantly combine various information streams, by hand track regional and nationwide labor and regulations, and spend important time and resources to establish local entities in brand-new locations. These companies are faced with suboptimal, expensive choices, like opening a foreign subsidiary or employing an expert employment company, which is a local firm that employs employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty hiring certified personnel, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.
offers an option supporting all types of employment. It provides an end-to-end platform, from employee 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 benefits, and ensures information 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 innovation gap in international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to go to the total 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 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 thrilled to have you here as we embark on a journey of information to policy attaining
360 degree worker compliance where we’ll dive into the important aspects of the employee compliance management design throughout the session we’ll check out real life challenges real regional policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and workers while remaining compliant in an
Ever evolving regulatory environment in the everchanging world of organization and financing making sure compliance with payroll guidelines is not only vital but also a legal necessary from the minute of working with to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance risks that have far-reaching repercussions nevertheless with a much deeper more nuanced understanding of their commitments organizations can not only navigate the complex landscape but also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools essential to browse the complex Surface of compliance whether you’re an experienced P specialist a small company owner or someone brand-new to the field what I would like to do before we begin and I believe it’s actually essential
In our mission to boost effectiveness and accuracy in managing our worldwide workforce, our international corporation turned to, a leading and workforce management software. The transition intended to simplify the complex task of managing across different countries, currencies, and compliance regulations.