The COVID-19 pandemic, combined with advancements in enterprise connectivity software… Papaya Global Director Status …
insights are valuable 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’ve operated in payroll for the last 25 years I have actually had functions in all type of Industries retail and Charm to Aerospace in all types of services start-up to matrixed environments around the world I offered management and strategy to populations of more than 100,000 employees on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
Global I work throughout the business guy maning and constructing external relationships supporting Enterprise clients and solutions and serving as a consultant I want to present our first Greg um guest 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 internal legal team and in fact work very carefully with our um HR department as well to deal with numerous legal and HR matters that show up so truly excited to be here about bambo HR if if you’re not familiar with us uh at bambo HR we say our objective is to set you as HR professionals free to do fantastic
Although Papaya Global provides integrations with different HR and finance systems, we came across some obstacles throughout the combination procedure. Tailoring the software application to line up with our existing facilities showed to be more complicated than anticipated, resulting in hold-ups in the preliminary rollout.
The comprehensive functions provided by Papaya Global come at a cost, which a few of our smaller subsidiaries found to be excessively costly. As a worldwide organization, we needed to carefully weigh the requirement for advanced performance versus budget plan constraints.
Assistance Action Time:
On occasion, our teams experienced problems that needed immediate assistance. However, the action time from Papaya Global’s client assistance group was not constantly as timely as we would have liked, resulting in delays in fixing those problems.
Our execution of included a phased method. We began by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing procedures. This permitted us to recognize and address combination challenges early on. As the software application became more instilled in our operations, we gradually expanded its use to cover our whole global labor force.
The automated features streamlined our payroll procedures, reducing the time invested in manual calculations and compliance tracking. Regular training sessions and continuous assistance from Papaya helped our groups end up being competent users of the software, maximizing its capacity for our organization.
Nevertheless, paying a workforce can be intricate. It is especially challenging for companies who employ staff across several countries, as they need to constantly combine different information streams, manually track regional and national labor and regulations, and invest important time and resources to establish local entities in new locations. These companies are faced with suboptimal, costly choices, like opening a foreign subsidiary or working with a professional work company, which is a regional firm that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem recruiting qualified workers, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.
uses a solution supporting all kinds of employment. It provides an end-to-end platform, from worker onboarding and ongoing management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, offers management of employment advantages, and guarantees information 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 workforce management. She co-founded after seeing the technology gap in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to attend the total webcast in order to receive 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 survey please make sure to complete 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 start a journey of data to policy accomplishing
360 degree employee compliance where we’ll dive into the necessary elements of the staff member compliance management model throughout the session we’ll check out real world difficulties genuine local policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to safeguard your organization and staff members while staying certified in an
Ever evolving regulative environment in the everchanging world of organization and financing guaranteeing compliance with payroll regulations is not only crucial but likewise a legal imperative from the minute of hiring to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant consequences however with a much deeper more nuanced understanding of their commitments companies can not just navigate the detailed landscape however also proactively guarantee this 360 degree compliance the webinar is created to equip you with the knowledge and tools essential to navigate the complex Surface of compliance whether you’re a skilled P expert a small business owner or somebody brand-new to the field what I wish to do before we begin and I think it’s actually essential
In our quest to boost efficiency and precision in managing our global labor force, our international corporation turned to, a leading and labor force management software application. The transition aimed to streamline the complex task of managing throughout numerous countries, currencies, and compliance regulations.