The COVID-19 pandemic, integrated with improvements in business connection software… Processing Week 53 In Papaya Global …
insights are important to us and and your fellow attendees so first things initially though um let’s be familiar with everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Charm to Aerospace in all kinds of services startup to matrixed environments across the globe I supplied management and technique to populations of more than 100,000 workers on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
Global I work across the business man maning and building external relationships supporting Enterprise customers and solutions and acting as an advisor I wish to present our very first Greg um visitor Greg who will kick things off by informing 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 really closely with our um HR department also to manage different legal and HR matters that show up so really thrilled to be here about bambo HR if if you’re not familiar with us uh at bambo HR we say our mission is to set you as HR professionals free to do excellent
Application Challenges:
Although Papaya Global supplies integrations with numerous HR and financing systems, we experienced some hurdles during the combination process. Customizing the software to line up with our existing facilities proved to be more complex than anticipated, resulting in delays in the preliminary rollout.
Pricing Issues:
The extensive features provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be prohibitively costly. As a worldwide organization, we had to thoroughly weigh the requirement for advanced functionality versus budget constraints.
Support Reaction Time:
On occasion, our teams experienced problems that needed urgent help. However, the response time from Papaya Global’s customer support team was not always as timely as we would have liked, causing hold-ups in solving those problems.
Our execution of involved a phased method. We started by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing processes. This permitted us to determine and address combination difficulties early on. As the software ended up being more instilled in our operations, we gradually broadened its use to cover our whole global labor force.
The automated features streamlined our payroll processes, reducing the time invested in manual estimations and compliance tracking. Regular training sessions and ongoing support from Papaya helped our teams become skilled 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 use staff throughout several nations, as they need to constantly consolidate various information streams, by hand track regional and national labor and regulations, and spend important time and resources to establish local entities in new locations. These companies are faced with suboptimal, pricey alternatives, like opening a foreign subsidiary or hiring an expert work organization, which is a regional firm that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem hiring certified personnel, an increase 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.
provides a service supporting all kinds of employment. It supplies an end-to-end platform, from worker onboarding and continuous management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, offers management of employment advantages, 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 labor force 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 sure to participate in the complete webcast in order to receive your credits if you have any concerns during 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 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 discussion hello and thank you for joining us today we’re thrilled to have you here as we start a journey of data to regulation achieving
360 degree worker compliance where we’ll dive into the vital aspects of the employee compliance management design throughout the session we’ll check out real world obstacles genuine local guidelines finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your company and employees while remaining compliant in an
Ever evolving regulatory environment in the everchanging world of organization and finance guaranteeing compliance with payroll regulations is not just essential however also a legal essential from the moment of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance dangers that have far-reaching repercussions nevertheless with a much deeper more nuanced understanding of their responsibilities companies can not only navigate the intricate landscape however likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools essential to browse the complex Terrain of compliance whether you’re an experienced P specialist a small business owner or someone brand-new to the field what I wish to do before we begin and I think it’s actually important
In our quest to improve performance and accuracy in handling our international labor force, our multinational corporation turned to, a leading and workforce management software. The shift intended to simplify the complex task of handling throughout various nations, currencies, and compliance guidelines.