The COVID-19 pandemic, combined with advancements in enterprise connectivity software… Papaya Global Level2 …
insights are valuable to us and and your fellow participants so first things initially though um let’s be familiar with everyone my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had functions in all sort of Industries retail and Charm to Aerospace in all types of companies start-up to matrixed environments around the world I provided management 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 man maning and constructing external relationships supporting Business clients and options and functioning as an advisor I ‘d like to introduce our 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 internal legal group and really work extremely closely with our um HR department as well to manage various legal and HR matters that come up so actually excited to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our mission is to set you as HR professionals complimentary to do great
Although Papaya Global offers combinations with numerous HR and finance systems, we encountered some obstacles throughout the combination process. Tailoring the software to align with our existing infrastructure showed to be more intricate than expected, leading to delays in the preliminary rollout.
The substantial features used by Papaya Global come at a cost, which a few of our smaller sized subsidiaries discovered to be excessively expensive. As an international organization, we had to thoroughly weigh the requirement for advanced functionality versus spending plan constraints.
Assistance Reaction Time:
On occasion, our teams experienced issues that needed urgent assistance. However, the reaction time from Papaya Global’s customer assistance team was not always as timely as we would have liked, causing delays in dealing with those issues.
Our execution of involved a phased approach. We started by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing processes. This permitted us to identify and resolve combination obstacles early on. As the software ended up being more ingrained in our operations, we slowly expanded its usage to cover our entire international labor force.
The automated functions streamlined our payroll processes, reducing the time spent on manual computations and compliance tracking. Routine training sessions and ongoing assistance from Papaya assisted our teams end up being proficient users of the software application, maximizing its potential for our company.
Nevertheless, paying a workforce can be complicated. It is particularly challenging for companies who employ personnel across multiple nations, as they must constantly combine different information streams, manually track local and nationwide labor and regulations, and spend important time and resources to set up regional entities in new locations. These business are faced with suboptimal, expensive choices, like opening a foreign subsidiary or hiring an expert work organization, which is a local firm that works with employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem recruiting qualified personnel, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.
provides a solution supporting all forms of employment. It provides an end-to-end platform, from worker onboarding and ongoing management to international payments and. It helps business with labor law compliance in the jurisdictions in which they run, provides management of work benefits, and guarantees 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 professional in payroll and workforce management. She co-founded after seeing the technology gap in worldwide.
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 get your credits if you have any questions 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 certain to finish it as soon as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hi and thank you for joining us today we’re enjoyed have you here as we embark on a journey of information to regulation achieving
360 degree staff member compliance where we’ll dive into the vital elements of the employee compliance management design throughout the session we’ll check out real life challenges genuine regional policies finest practices and the function 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 developing regulative environment in the everchanging world of organization and financing guaranteeing compliance with payroll regulations is not just vital but likewise a legal crucial from the moment of employing to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance risks that have far-reaching repercussions however with a deeper more nuanced understanding of their responsibilities organizations can not only browse the elaborate landscape however likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to navigate the complex Terrain of compliance whether you’re a seasoned P professional a small business owner or someone brand-new to the field what I wish to do before we begin and I think it’s truly essential
In our quest to enhance performance and precision in handling our global labor force, our multinational corporation turned to, a leading and workforce management software application. The transition aimed to streamline the complex job of managing across numerous countries, currencies, and compliance guidelines.