The COVID-19 pandemic, combined with advancements in enterprise connection software… How Do I Run Papaya Global Year End …
insights are important to us and and your fellow guests so first things first though um let’s get to know everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Beauty to Aerospace in all kinds of services startup to matrixed environments around the world I supplied management and technique 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
International I work throughout the business guy maning and building external relationships supporting Enterprise customers and solutions and acting as a consultant I wish to present our first Greg um visitor Greg who will kick things off by telling us um who he is and a 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 in fact work very closely with our um HR department also to manage numerous legal and HR matters that show up so really excited to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our objective is to set you as HR professionals free to do fantastic
Although Papaya Global offers integrations with various HR and finance systems, we came across some hurdles throughout the integration process. Tailoring the software application to line up with our existing infrastructure showed to be more complex than expected, resulting in delays in the initial rollout.
The extensive features used by Papaya Global come at an expense, which some of our smaller subsidiaries found to be prohibitively expensive. As a global company, we needed to thoroughly weigh the need for sophisticated performance against budget restrictions.
Assistance Action Time:
On occasion, our groups experienced problems that needed immediate help. However, the reaction time from Papaya Global’s consumer assistance group was not always as timely as we would have liked, resulting in hold-ups in solving those concerns.
Our application of involved a phased technique. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing processes. This allowed us to determine and address combination difficulties early on. As the software ended up being more implanted in our operations, we gradually broadened its use to cover our entire global labor force.
The automated features structured our payroll processes, reducing the time spent on manual computations and compliance tracking. Regular training sessions and ongoing assistance from Papaya assisted our groups end up being competent users of the software application, maximizing its capacity for our organization.
Nevertheless, paying a labor force can be complicated. It is particularly challenging for business who use staff across multiple nations, as they must constantly consolidate various data streams, manually track local and national labor and policies, and spend valuable time and resources to establish local entities in new locations. These business are faced with suboptimal, pricey alternatives, like opening a foreign subsidiary or working with a professional work organization, which is a local firm that employs employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported trouble hiring qualified workers, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.
provides a service supporting all forms of employment. It offers an end-to-end platform, from staff member onboarding and continuous management to global payments and. It helps business with labor law compliance in the jurisdictions in which they run, offers 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 expert in payroll and workforce management. She co-founded after seeing the technology space in worldwide.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to participate in the complete webcast in order to get your credits if you have any questions during the webcast please click 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 certain to complete it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hello and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to regulation accomplishing
360 degree employee compliance where we’ll dive into the important elements of the staff member compliance management design throughout the session we’ll check out real world difficulties real regional regulations finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to secure your company and staff members while remaining certified in an
Ever evolving regulatory environment in the everchanging world of service and finance ensuring compliance with payroll regulations is not only vital but likewise a legal imperative from the minute of working with to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance risks that have significant repercussions however with a deeper more nuanced understanding of their commitments organizations can not just browse the complex landscape but also proactively guarantee this 360 degree compliance the webinar is created to equip you with the understanding and tools required to browse 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 believe it’s really important
In our mission to enhance effectiveness and precision in managing our international labor force, our international corporation turned to, a leading and workforce management software application. The shift intended to simplify the complex task of managing across different countries, currencies, and compliance policies.