The COVID-19 pandemic, integrated with advancements in business connection software… Installing Papaya Global On New Computer …
insights are valuable to us and and your fellow guests so first things initially though um let’s get to know everyone my name is Ian Charles and I’ve operated in payroll for the last 25 years I’ve had roles in all type of Industries retail and Beauty to Aerospace in all kinds of companies startup to matrixed environments across the globe I offered leadership and strategy to populations of more than 100,000 employees on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya
Global I work throughout business guy maning and constructing external relationships supporting Enterprise clients and solutions and serving as a consultant I ‘d like to introduce our very first Greg um guest Greg who will kick things off by telling 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 group and actually work really closely with our um HR department also to handle different legal and HR matters that turn up so actually thrilled 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 free to do great
Although Papaya Global offers integrations with numerous HR and finance systems, we experienced some difficulties during the combination process. Tailoring the software application to align with our existing infrastructure showed to be more complex than prepared for, leading to hold-ups in the initial rollout.
The comprehensive functions offered by Papaya Global come at an expense, which a few of our smaller subsidiaries discovered to be prohibitively costly. As a global company, we had to thoroughly weigh the need for sophisticated functionality versus spending plan constraints.
Support Response Time:
On occasion, our groups experienced concerns that required urgent help. Nevertheless, the reaction time from Papaya Global’s client support team was not constantly as prompt as we would have liked, resulting in delays in resolving those problems.
Our implementation of involved a phased approach. We began by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This enabled us to determine and deal with integration obstacles early on. As the software ended up being more ingrained in our operations, we gradually broadened its use to cover our whole international workforce.
The automated features structured our payroll procedures, lowering the time invested in manual calculations and compliance tracking. Regular training sessions and ongoing support from Papaya helped our teams end up being competent users of the software, optimizing its potential for our organization.
However, paying a workforce can be complicated. It is particularly challenging for companies who employ staff throughout numerous countries, as they must continuously combine various data streams, by hand track local and national labor and regulations, and invest valuable time and resources to establish local entities in brand-new locations. These business are confronted with suboptimal, expensive options, like opening a foreign subsidiary or employing a professional employment organization, which is a regional firm that employs staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty recruiting certified personnel, an increase of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.
uses a solution supporting all types of employment. It supplies an end-to-end platform, from staff member onboarding and ongoing management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they run, provides management of work benefits, and guarantees information privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the technology space in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to attend the complete 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 internet browser with the webcast study 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 hello and thank you for joining us today we’re enjoyed have you here as we embark on a journey of information to regulation accomplishing
360 degree worker compliance where we’ll dive into the necessary aspects of the employee compliance management design throughout the session we’ll check out real world obstacles real local guidelines finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your organization and staff members while staying certified in an
Ever evolving regulatory environment in the everchanging world of company and financing guaranteeing compliance with payroll regulations is not just vital however also a legal vital 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 commitments companies can not just browse the intricate landscape however likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools required to navigate the complex Terrain of compliance whether you’re a seasoned P specialist a small business owner or somebody new to the field what I would like to do before we start and I believe it’s truly essential
In our quest to improve effectiveness and precision in handling our international labor force, our international corporation turned to, a leading and workforce management software. The shift aimed to simplify the complex job of managing across numerous nations, currencies, and compliance regulations.