The COVID-19 pandemic, combined with developments in business connectivity software application… Papaya Global Tips …
insights are valuable to us and and your fellow participants so first things first though um let’s learn more about everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Beauty to Aerospace in all kinds of companies start-up to matrixed environments around the world I offered management and technique to populations of more than 100,000 staff members on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya
Global I work across the business man maning and developing external relationships supporting Business clients and options and acting as a consultant I ‘d like to introduce 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 corporate counsil at bambo HR so I lead our in-house legal team and really work extremely carefully with our um HR department also to deal with different legal and HR matters that show up so actually 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 complimentary to do great
Although Papaya Global supplies integrations with various HR and finance systems, we encountered some hurdles throughout the integration procedure. Tailoring the software to line up with our existing facilities proved to be more intricate than anticipated, resulting in hold-ups in the preliminary rollout.
The comprehensive features offered by Papaya Global come at a cost, which a few of our smaller subsidiaries discovered to be prohibitively pricey. As a global organization, we had to carefully weigh the need for advanced performance against budget restrictions.
Support Response Time:
On occasion, our teams experienced issues that needed immediate assistance. Nevertheless, the action time from Papaya Global’s consumer assistance group was not always as prompt as we would have liked, resulting in hold-ups in solving those concerns.
Our execution of involved a phased approach. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This enabled us to recognize and resolve combination challenges early on. As the software application became more implanted in our operations, we slowly expanded its usage to cover our whole global labor force.
The automated features structured our payroll processes, reducing the time invested in manual computations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our teams become proficient users of the software application, optimizing its capacity for our company.
However, paying a labor force can be complex. It is particularly challenging for companies who utilize personnel throughout several nations, as they must constantly consolidate different data streams, by hand track regional and nationwide labor and guidelines, and invest important time and resources to establish local entities in brand-new areas. These business are confronted with suboptimal, expensive alternatives, like opening a foreign subsidiary or hiring an expert work company, which is a regional firm that hires workers on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble hiring certified personnel, an increase of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.
provides an option supporting all forms of work. It provides an end-to-end platform, from staff member onboarding and ongoing management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, uses management of employment benefits, and ensures data 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 space in international.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to go to the complete webcast in order to receive your credits if you have any questions throughout the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your web browser with the webcast survey please make sure 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 enjoyed have you here as we embark on a journey of information to policy attaining
360 degree staff member compliance where we’ll dive into the necessary elements of the employee compliance management design throughout the session we’ll explore real world obstacles genuine local policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to protect your organization and staff members while staying certified in an
Ever progressing regulatory environment in the everchanging world of company and financing ensuring compliance with payroll regulations is not just important but likewise a legal necessary from the moment of working with to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance dangers that have significant consequences nevertheless with a much deeper more nuanced understanding of their commitments companies can not only navigate the elaborate landscape but also proactively ensure this 360 degree compliance the webinar is designed to equip you with the understanding and tools required to browse the complex Terrain of compliance whether you’re an experienced P specialist a small company owner or someone brand-new to the field what I wish to do before we start and I think it’s really important
In our mission to improve effectiveness and precision in managing our global labor force, our multinational corporation turned to, a leading and labor force management software application. The shift intended to streamline the complex task of managing throughout numerous nations, currencies, and compliance guidelines.