insights are valuable to us and and your fellow participants so first things initially though um let’s get to know everybody my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had functions in all kind of Industries retail and Charm to Aerospace in all types of companies start-up to matrixed environments around the world I provided leadership and strategy to populations of more than 100,000 employees on a month-to-month 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 customers and options and acting 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 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 actually work really closely with our um HR department too to handle numerous legal and HR matters that turn up so really thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our objective is to set you as HR experts complimentary to do excellent
While Papaya Global offers integrations with numerous HR and finance systems, the execution procedure was not without challenges. Incorporating the software application with our existing facilities needed additional customization, leading to some hold-ups in the preliminary rollout.
and some smaller sized subsidiaries within our company found the pricing to be on the greater side. As a worldwide business, stabilizing the requirement for advanced features with budget restrictions became a fragile workout.
Consumer Assistance Reaction Time:
There were circumstances where our teams dealt with concerns that required timely support. Nevertheless, the reaction time from’s customer support group was not constantly as quick as wanted, leading to occasional delays in problem resolution.
Our application of included a phased method. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This permitted us to identify and attend to combination difficulties early on. As the software application became more implanted in our operations, we slowly broadened its usage to cover our whole international labor force.
The automated functions structured our payroll processes, reducing the time spent on manual computations and compliance tracking. Regular training sessions and ongoing assistance from Papaya helped our teams end up being proficient users of the software, optimizing its capacity for our company.
However, paying a workforce can be complex. It is especially challenging for companies who use personnel across numerous countries, as they should continuously consolidate various data streams, manually track regional and nationwide labor and policies, and spend valuable time and resources to establish local entities in brand-new locations. These business are faced with suboptimal, costly choices, like opening a foreign subsidiary or hiring an expert employment company, which is a regional firm that hires workers on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble recruiting certified workers, 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.
uses an option supporting all forms of employment. It supplies an end-to-end platform, from worker onboarding and ongoing management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they run, uses management of employment advantages, 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 labor force management. She co-founded after seeing the innovation gap in worldwide.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to attend the complete webcast in order to get your credits if you have any concerns throughout the webcast please click 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 certain to finish it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hey there and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to guideline achieving
360 degree employee compliance where we’ll dive into the necessary aspects of the worker compliance management model throughout the session we’ll check out real life difficulties genuine local guidelines finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to protect your company and staff members while remaining certified in an
Ever progressing regulatory environment in the everchanging world of service and finance making sure compliance with payroll policies is not only essential however likewise a legal important from the minute of working with to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance threats that have significant consequences however with a much deeper more nuanced understanding of their commitments companies can not only browse the complex landscape however likewise proactively guarantee this 360 degree compliance the webinar is developed to equip you with the understanding and tools needed to navigate the complex Surface of compliance whether you’re a seasoned P professional a small business owner or somebody new to the field what I want to do before we start and I believe it’s really essential
In our quest to enhance performance and accuracy in handling our international labor force, our international corporation turned to, a leading and workforce management software application. The shift intended to streamline the complex job of managing across different countries, currencies, and compliance policies.