The COVID-19 pandemic, combined with advancements in enterprise connectivity software application… Papaya Global Benpal …
insights are valuable to us and and your fellow guests so first things initially though um let’s learn more about 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 kind of Industries retail and Beauty to Aerospace in all kinds of services startup to matrixed environments around the world I offered management 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
Worldwide I work throughout business male maning and developing external relationships supporting Enterprise clients and options and functioning as a consultant I ‘d like to present 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 said my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our in-house legal team and really work really carefully with our um HR department as well to handle numerous legal and HR matters that show up so really delighted to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our objective is to set you as HR professionals totally free to do great
Although Papaya Global offers integrations with various HR and financing systems, we came across some obstacles throughout the combination procedure. Customizing the software application to align with our existing infrastructure showed to be more complex than expected, resulting in hold-ups in the initial rollout.
The extensive functions provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be prohibitively pricey. As a worldwide company, we needed to carefully weigh the need for sophisticated functionality against budget restraints.
Support Action Time:
On occasion, our groups experienced concerns that required immediate support. However, the response time from Papaya Global’s consumer assistance group was not constantly as prompt as we would have liked, leading to delays in resolving those problems.
Our application of included a phased technique. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to determine and address combination difficulties early on. As the software application became more implanted in our operations, we gradually expanded its usage to cover our whole worldwide workforce.
The automated features structured our payroll processes, minimizing the time spent on manual computations and compliance tracking. Regular training sessions and continuous support from Papaya helped our teams end up being competent users of the software, maximizing its capacity for our company.
Business that staff member workers across numerous countries frequently face detailed obstacles when it pertains to handling their workforce. One of the greatest obstacles is consolidating numerous data streams and sticking to diverse local and national labor policies, which can be both lengthy and costly. Additionally, setting up local entities in brand-new regions can be a pricey and suboptimal option, with alternatives such as opening a foreign subsidiary or employing a professional work company (PEO) often charging up to 15% of the payroll. These challenges have actually caused a substantial boost in difficulty recruiting qualified workers, with 75% of companies reporting this issue in 2022, a 21% increase 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 an option supporting all types of work. It provides an end-to-end platform, from worker onboarding and continuous management to international payments and. It helps business with labor law compliance in the jurisdictions in which they run, provides management of employment benefits, and makes sure data personal 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 space 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 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 internet browser with the webcast survey please make sure 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 thrilled to have you here as we embark on a journey of data to regulation achieving
360 degree employee compliance where we’ll dive into the essential elements of the employee compliance management model throughout the session we’ll explore real world challenges genuine regional regulations best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to safeguard your organization and workers while staying compliant in an
Ever developing regulative environment in the everchanging world of service and finance guaranteeing compliance with payroll guidelines is not just essential but likewise a legal necessary from the minute of employing to the in intri complexities even sorry of termination every step along the worker journey is Frau with compliance risks that have far-reaching consequences however with a deeper more nuanced understanding of their responsibilities companies can not just navigate the complex landscape however also proactively ensure this 360 degree compliance the webinar is designed to equip you with the understanding and tools needed to browse the complex Terrain of compliance whether you’re a seasoned P professional a small company owner or somebody brand-new to the field what I would like to do before we begin and I think it’s really essential
In our mission to enhance efficiency and accuracy in managing our global labor force, our international corporation turned to, a leading and labor force management software. The shift intended to simplify the complex job of managing across numerous nations, currencies, and compliance regulations.