The COVID-19 pandemic, combined with developments in enterprise connectivity software application… Should I Use Papaya Global Payroll …
insights are important to us and and your fellow participants so first things initially though um let’s be familiar with 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 Appeal to Aerospace in all kinds of businesses startup to matrixed environments around the world I supplied management and strategy to populations of more than 100,000 employees on a monthly basis and in over 170 nations today I’m the perel strategist for papaya
Worldwide I work throughout business guy maning and developing external relationships supporting Business customers and solutions and acting as an advisor I want 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 said 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 as well to deal with different legal and HR matters that turn up so really 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 totally free to do great
Application Challenges:
Although Papaya Global offers integrations with different HR and financing systems, we experienced some obstacles during the integration procedure. Customizing the software to line up with our existing facilities proved to be more complex than expected, resulting in hold-ups in the preliminary rollout.
Pricing Issues:
The extensive features offered by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be prohibitively pricey. As a global company, we had to carefully weigh the need for advanced performance versus budget restrictions.
Support Action Time:
On occasion, our teams experienced concerns that required immediate help. However, the action time from Papaya Global’s consumer support team was not constantly as prompt as we would have liked, causing delays in solving those problems.
Our application of included a phased method. We started by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing procedures. This permitted us to determine and address combination obstacles early on. As the software became more instilled in our operations, we slowly broadened its use to cover our entire international workforce.
The automated features structured our payroll processes, minimizing the time invested in manual calculations and compliance tracking. Regular training sessions and continuous assistance from Papaya assisted our teams become skilled users of the software, optimizing its capacity for our company.
Companies that employee workers across multiple countries typically face elaborate difficulties when it comes to managing their workforce. One of the greatest hurdles is consolidating various data streams and sticking to diverse local and nationwide labor regulations, which can be both time-consuming and costly. Furthermore, setting up regional entities in new areas can be a pricey and suboptimal alternative, with alternatives such as opening a foreign subsidiary or employing a professional employment company (PEO) often charging up to 15% of the payroll. These obstacles have resulted in a significant increase in problem recruiting qualified personnel, with 75% of companies reporting this concern 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.
uses a solution supporting all types of employment. It offers an end-to-end platform, from employee onboarding and ongoing management to global payments and. It helps business with labor law compliance in the jurisdictions in which they operate, offers management of work benefits, and makes sure data 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 innovation gap in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please be 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 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 presentation hey there and thank you for joining us today we’re thrilled to have you here as we start a journey of data to guideline accomplishing
360 degree staff member compliance where we’ll dive into the vital aspects of the worker compliance management model throughout the session we’ll check out real world challenges genuine local policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your company and staff members while remaining compliant in an
Ever progressing regulative environment in the everchanging world of business and finance guaranteeing compliance with payroll regulations is not just vital but also a legal vital from the moment of hiring to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance threats that have significant consequences however with a deeper more nuanced understanding of their commitments companies can not just navigate the elaborate landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools required to browse the complex Terrain of compliance whether you’re a seasoned P specialist a small company owner or someone brand-new to the field what I wish to do before we begin and I think it’s truly crucial
In our quest to improve performance and accuracy in managing our worldwide labor force, our multinational corporation turned to, a leading and labor force management software. The shift aimed to streamline the complex task of handling throughout different countries, currencies, and compliance guidelines.