The COVID-19 pandemic, combined with developments in business connection software application… Mywau Papaya Global …
insights are important to us and and your fellow guests so first things first though um let’s be familiar with everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Beauty to Aerospace in all kinds of companies startup to matrixed environments across the globe 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
Global I work throughout the business male maning and developing external relationships supporting Enterprise clients and services and serving 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 corporate counsil at bambo HR so I lead our in-house legal team and really work really closely with our um HR department also to deal with numerous legal and HR matters that show up so actually thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our mission is to set you as HR specialists complimentary to do terrific
Although Papaya Global offers combinations with numerous HR and finance systems, we encountered some hurdles during the combination process. Customizing the software to align with our existing infrastructure proved to be more complex than prepared for, resulting in delays in the initial rollout.
The substantial features used by Papaya Global come at a cost, which a few of our smaller sized subsidiaries discovered to be excessively pricey. As a global company, we needed to thoroughly weigh the need for advanced functionality against budget plan constraints.
Assistance Reaction Time:
On occasion, our groups experienced concerns that needed immediate support. However, the reaction time from Papaya Global’s consumer support group was not always as timely as we would have liked, causing hold-ups in fixing those concerns.
Our execution of included a phased approach. We began by onboarding a couple of subsidiaries to test the system’s compatibility with our existing procedures. This permitted us to determine and address combination difficulties early on. As the software became more implanted in our operations, we slowly broadened its usage to cover our whole international labor force.
The automated features structured our payroll processes, reducing the time spent on 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 organization.
However, paying a workforce can be complicated. It is especially challenging for business who utilize personnel throughout multiple countries, as they need to constantly consolidate different data streams, manually track regional and nationwide labor and regulations, and invest important time and resources to establish local entities in new areas. These business are confronted with suboptimal, expensive alternatives, like opening a foreign subsidiary or working with a professional employment organization, which is a local company that hires staff members on their behalf and can charge up to 15% of. By 2022, 75% of companies reported difficulty hiring certified personnel, a boost 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.
provides an option supporting all forms of work. It offers an end-to-end platform, from worker onboarding and continuous management to worldwide payments and. It assists business with labor law compliance in the jurisdictions in which they operate, provides management of employment advantages, and guarantees 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 specialist in payroll and labor force management. She co-founded after seeing the innovation gap in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please be sure to participate in the complete webcast in order to receive your credits if you have any concerns during the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast survey please make certain to complete it as quickly as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re enjoyed have you here as we start a journey of information to regulation achieving
360 degree employee compliance where we’ll dive into the vital aspects of the employee compliance management model throughout the session we’ll explore real world obstacles genuine local policies best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and workers while remaining certified in an
Ever developing regulative environment in the everchanging world of organization and financing guaranteeing compliance with payroll regulations is not just vital however likewise a legal vital from the moment of hiring to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance threats that have far-reaching consequences however with a deeper more nuanced understanding of their responsibilities companies can not just browse the complex landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools needed to navigate the complex Surface of compliance whether you’re an experienced P specialist a small company owner or somebody new to the field what I wish to do before we start and I believe it’s actually essential
In our quest to boost performance and precision in managing our worldwide labor force, our multinational corporation turned to, a leading and labor force management software. The transition aimed to streamline the complex task of managing across numerous nations, currencies, and compliance regulations.