The COVID-19 pandemic, combined with developments in business connectivity software application… Standing Data Papaya Global …
insights are important to us and and your fellow guests so first things first 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’ve had functions in all sort of Industries retail and Beauty to Aerospace in all types of companies startup to matrixed environments across the globe I provided leadership and strategy 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
Worldwide I work across business male maning and building external relationships supporting Business clients and services and serving as an advisor I wish to present our very first Greg um guest Greg who will kick things off by informing us um who he is and a 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 team and actually work really carefully with our um HR department as well to manage numerous legal and HR matters that show up so truly delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our objective is to set you as HR professionals free to do fantastic
Implementation Obstacles:
Although Papaya Global provides integrations with different HR and financing systems, we came across some hurdles throughout the combination procedure. Tailoring the software to align with our existing infrastructure proved to be more complicated than anticipated, resulting in delays in the initial rollout.
Prices Concerns:
The extensive features offered by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be prohibitively pricey. As a worldwide organization, we had to carefully weigh the need for innovative performance versus budget restraints.
Assistance Response Time:
On occasion, our groups experienced concerns that required immediate help. However, the reaction time from Papaya Global’s customer support team was not always as prompt as we would have liked, resulting in hold-ups in dealing with those issues.
Our application of involved a phased approach. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This enabled us to recognize and deal with combination difficulties early on. As the software application ended up being more ingrained in our operations, we slowly expanded its usage to cover our entire global labor force.
The automated features structured our payroll procedures, decreasing the time spent on manual calculations and compliance tracking. Routine training sessions and ongoing support from Papaya helped our teams end up being proficient users of the software application, optimizing its potential for our organization.
Companies that worker workers across numerous countries typically face elaborate difficulties when it pertains to managing their labor force. Among the most significant hurdles is combining various data streams and adhering to diverse local and national labor guidelines, which can be both time-consuming and pricey. Moreover, setting up local entities in new regions can be a costly and suboptimal choice, with alternatives such as opening a foreign subsidiary or hiring a professional work organization (PEO) typically charging up to 15% of the payroll. These obstacles have actually led to a significant boost in difficulty recruiting qualified workers, with 75% of employers reporting this concern in 2022, a 21% boost from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
offers a solution supporting all forms of employment. It provides an end-to-end platform, from staff member onboarding and continuous management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, provides management of employment benefits, and ensures 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 specialist 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 make sure to go to the total webcast in order to receive your credits if you have any concerns throughout 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 survey please make certain to complete 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 presentation hello and thank you for joining us today we’re enjoyed have you here as we embark on a journey of information to policy attaining
360 degree employee compliance where we’ll dive into the vital elements of the employee compliance management design throughout the session we’ll explore real life obstacles real local regulations finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to protect your organization and workers while staying certified in an
Ever developing regulative environment in the everchanging world of business and financing ensuring compliance with payroll policies is not just essential however likewise a legal necessary from the minute of employing to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance threats that have significant effects nevertheless with a much deeper more nuanced understanding of their obligations organizations can not only browse the elaborate landscape but also proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools needed to browse the complex Surface of compliance whether you’re a seasoned P specialist a small business owner or somebody brand-new to the field what I would like to do before we begin and I believe it’s really important
In our quest to boost performance and accuracy in handling our international workforce, our international corporation turned to, a leading and labor force management software application. The transition intended to simplify the complex task of managing across numerous nations, currencies, and compliance guidelines.