The COVID-19 pandemic, combined with improvements in enterprise connectivity software… Who Founded Papaya Global Payroll …
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 have actually operated in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Appeal to Aerospace in all kinds of services start-up to matrixed environments across the globe I provided 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
Global I work throughout business male maning and developing external relationships supporting Business customers and solutions and acting as a consultant I wish to introduce our first Greg um guest 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 in fact work extremely closely with our um HR department too to manage various legal and HR matters that come up so truly delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we say our mission is to set you as HR experts free to do excellent
Although Papaya Global offers integrations with different HR and financing systems, we came across some hurdles throughout the combination process. Tailoring the software to align with our existing infrastructure proved to be more complex than anticipated, resulting in delays in the initial rollout.
The comprehensive features provided by Papaya Global come at an expense, which some of our smaller sized subsidiaries discovered to be excessively pricey. As an international organization, we needed to thoroughly weigh the need for innovative performance against budget plan restrictions.
Support Response Time:
On occasion, our teams experienced issues that required urgent help. However, the reaction time from Papaya Global’s customer assistance team was not constantly as prompt as we would have liked, causing delays in resolving those concerns.
Our application of included a phased technique. We began by onboarding a couple of subsidiaries to check the system’s compatibility with our existing processes. This permitted us to identify and resolve combination difficulties early on. As the software application became more ingrained in our operations, we gradually broadened its usage to cover our whole global labor force.
The automated functions structured our payroll procedures, decreasing the time invested in manual estimations and compliance tracking. Routine training sessions and ongoing assistance from Papaya assisted our groups end up being skilled users of the software application, maximizing its capacity for our organization.
Companies that worker workers across multiple nations often deal with detailed obstacles when it pertains to managing their labor force. Among the most significant hurdles is consolidating different information streams and adhering to diverse regional and nationwide labor regulations, which can be both time-consuming and pricey. Moreover, setting up regional entities in new areas can be an expensive and suboptimal alternative, with alternatives such as opening a foreign subsidiary or employing an expert employment company (PEO) frequently charging up to 15% of the payroll. These difficulties have actually led to a substantial increase in difficulty recruiting certified personnel, with 75% of employers reporting this issue in 2022, a 21% boost from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.
provides a service supporting all kinds of employment. It provides an end-to-end platform, from worker onboarding and continuous management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, offers management of work benefits, and makes sure information 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 labor force 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 certain 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 brand-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 hi and thank you for joining us today we’re thrilled to have you here as we start a journey of information to policy achieving
360 degree worker compliance where we’ll dive into the essential elements of the worker compliance management model throughout the session we’ll check out real life difficulties real regional regulations best practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your company and employees while remaining certified in an
Ever progressing regulative environment in the everchanging world of business and financing guaranteeing compliance with payroll regulations is not just essential but also a legal crucial from the minute of working with to the in intri complexities even sorry of termination every step along the worker journey is Frau with compliance dangers that have far-reaching consequences nevertheless with a much deeper more nuanced understanding of their obligations companies can not just browse the detailed landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to browse the complex Terrain of compliance whether you’re a seasoned P expert a small company owner or someone brand-new to the field what I would like to do before we start and I believe it’s really crucial
In our mission to boost efficiency and accuracy in handling our international workforce, our multinational corporation turned to, a leading and workforce management software. The transition aimed to simplify the complex task of managing throughout different nations, currencies, and compliance policies.