The COVID-19 pandemic, integrated with improvements in business connectivity software… Papaya Global 100M Series Capital …
insights are important to us and and your fellow guests so first things first though um let’s get to know everyone my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had roles in all sort of Industries retail and Beauty to Aerospace in all types of companies start-up to matrixed environments around the world I offered management and method to populations of more than 100,000 workers on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
Worldwide I work throughout business guy maning and building external relationships supporting Enterprise customers and solutions and functioning as an advisor I want to introduce our very first Greg um visitor 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 in-house legal group and actually work extremely closely with our um HR department also to handle numerous legal and HR matters that turn up so truly delighted to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our mission is to set you as HR professionals complimentary to do terrific
Although Papaya Global supplies combinations with various HR and finance systems, we experienced some obstacles throughout the integration process. Customizing the software to align with our existing facilities proved to be more intricate than expected, resulting in delays in the preliminary rollout.
The extensive features offered by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be excessively pricey. As a global company, we had to carefully weigh the need for innovative functionality against spending plan restraints.
Assistance Reaction Time:
On occasion, our teams experienced concerns that needed immediate support. Nevertheless, the action time from Papaya Global’s client support group was not always as prompt as we would have liked, resulting in hold-ups in resolving those problems.
Our application of involved a phased approach. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing procedures. This permitted us to determine and attend to combination obstacles early on. As the software application became more instilled in our operations, we slowly broadened its usage to cover our whole international labor force.
The automated functions streamlined our payroll procedures, lowering the time spent on manual calculations and compliance tracking. Regular training sessions and continuous assistance from Papaya helped our groups become proficient users of the software application, optimizing its potential for our company.
Nevertheless, paying a labor force can be intricate. It is especially challenging for companies who utilize staff throughout numerous nations, as they should constantly combine different information streams, manually track regional and national labor and regulations, and spend valuable time and resources to set up regional entities in brand-new areas. These companies are faced with suboptimal, expensive options, like opening a foreign subsidiary or hiring a professional employment organization, which is a regional company that hires workers on their behalf and can charge up to 15% of. By 2022, 75% of employers 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 predicted to reach $50.4 billion by 2030.
offers an option supporting all kinds of employment. It supplies an end-to-end platform, from staff member onboarding and ongoing management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, uses management of work benefits, and ensures 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 been pre-approved for hrci and Sherm credit please make certain to attend the total webcast in order to get 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 browser with the webcast study please make sure to complete 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 start a journey of data to policy achieving
360 degree worker compliance where we’ll dive into the vital elements of the worker compliance management design throughout the session we’ll explore real world challenges real regional regulations finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to protect your organization and employees while staying compliant in an
Ever developing regulative environment in the everchanging world of business and financing guaranteeing compliance with payroll policies is not only important however likewise a legal necessary from the minute of working with to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance threats that have significant effects nevertheless with a much deeper more nuanced understanding of their commitments organizations can not just browse the detailed landscape however also proactively guarantee this 360 degree compliance the webinar is created to equip you with the understanding and tools essential to navigate the complex Terrain of compliance whether you’re a skilled P expert a small company owner or somebody brand-new to the field what I wish to do before we start and I think it’s actually important
In our mission to improve effectiveness and precision in handling our worldwide workforce, our multinational corporation turned to, a leading and workforce management software. The shift intended to streamline the complex task of handling throughout various nations, currencies, and compliance regulations.