The COVID-19 pandemic, combined with advancements in business connection software application… Papaya Global Serial …
insights are important to us and and your fellow participants so first things first though um let’s be familiar with everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I’ve had functions in all type of Industries retail and Charm to Aerospace in all kinds of companies start-up to matrixed environments across the globe I provided management and technique to populations of more than 100,000 staff members on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya
Worldwide I work across business male maning and building external relationships supporting Enterprise customers and services and acting as an advisor I want to introduce our very first Greg um visitor Greg who will kick things off by telling 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 internal legal team and really work extremely closely with our um HR department as well to manage different legal and HR matters that show up so actually delighted 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 professionals complimentary to do terrific
Although Papaya Global provides integrations with various HR and finance systems, we experienced some hurdles throughout the integration process. Customizing the software application to line up with our existing infrastructure showed to be more complicated than prepared for, leading to hold-ups in the initial rollout.
The extensive features used by Papaya Global come at an expense, which some of our smaller subsidiaries discovered to be excessively costly. As a worldwide company, we needed to thoroughly weigh the requirement for sophisticated performance against budget plan restrictions.
Assistance Response Time:
On occasion, our groups experienced concerns that needed urgent assistance. However, the reaction time from Papaya Global’s client assistance team was not constantly as prompt as we would have liked, leading to hold-ups in solving those problems.
Our application of involved a phased method. We began by onboarding a couple of subsidiaries to check the system’s compatibility with our existing procedures. This enabled us to determine and address integration challenges early on. As the software became more instilled in our operations, we gradually expanded its usage to cover our whole global labor force.
The automated features structured our payroll processes, minimizing the time invested in manual estimations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups become competent users of the software application, optimizing its capacity for our organization.
However, paying a workforce can be intricate. It is especially challenging for business who use personnel throughout several countries, as they must constantly consolidate various data streams, by hand track local and national labor and policies, and spend important time and resources to establish regional entities in new locations. These companies are confronted with suboptimal, costly alternatives, like opening a foreign subsidiary or employing a professional work organization, which is a local company that employs employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble recruiting qualified workers, a boost 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 a solution supporting all forms of employment. It offers an end-to-end platform, from employee onboarding and ongoing management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they run, 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 expert in payroll and labor force management. She co-founded after seeing the innovation space in worldwide.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to attend the total webcast in order to receive your credits if you have any questions during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your web browser with the webcast study please make sure to finish 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 hey there and thank you for joining us today we’re thrilled to have you here as we start a journey of data to regulation achieving
360 degree worker compliance where we’ll dive into the vital aspects of the worker compliance management design throughout the session we’ll explore real life challenges genuine local guidelines finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to safeguard your company and staff members while staying compliant in an
Ever evolving regulatory environment in the everchanging world of service and financing guaranteeing compliance with payroll regulations is not only crucial however also a legal important from the moment of working with to the in intri complexities even sorry of termination every step along the worker journey is Frau with compliance risks that have significant effects however with a much deeper more nuanced understanding of their commitments companies can not just navigate the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is designed to equip you with the knowledge and tools essential to navigate the complex Surface of compliance whether you’re a seasoned P specialist a small business owner or someone brand-new to the field what I want to do before we start and I believe it’s really crucial
In our quest to enhance performance and accuracy in managing our worldwide labor force, our international corporation turned to, a leading and labor force management software. The transition intended to simplify the complex task of managing across numerous nations, currencies, and compliance regulations.