The COVID-19 pandemic, combined with advancements in business connectivity software application… Papaya Global Limited …
insights are valuable to us and and your fellow guests so first things first though um let’s be familiar with everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had roles in all kind of Industries retail and Appeal to Aerospace in all kinds of businesses startup to matrixed environments around the world I provided leadership and method to populations of more than 100,000 staff members on a monthly basis and in over 170 nations today I’m the perel strategist for papaya
Global I work across the business male maning and constructing external relationships supporting Enterprise customers and solutions 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 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 team and actually work really closely with our um HR department also to deal with various legal and HR matters that turn up so truly delighted to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our objective is to set you as HR specialists free to do excellent
Although Papaya Global offers integrations with numerous HR and finance systems, we encountered some difficulties throughout the combination process. Tailoring the software to align with our existing facilities proved to be more intricate than prepared for, resulting in delays in the preliminary rollout.
The extensive functions used by Papaya Global come at a cost, which some of our smaller sized subsidiaries discovered to be excessively pricey. As a global organization, we had to carefully weigh the need for innovative performance against budget restrictions.
Assistance Reaction Time:
On occasion, our groups experienced problems that needed immediate support. However, the action time from Papaya Global’s customer assistance team was not always as timely as we would have liked, causing hold-ups in solving those problems.
Our application of included a phased method. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing procedures. This enabled us to identify and attend to combination obstacles early on. As the software ended up being more implanted in our operations, we slowly broadened its usage to cover our whole international workforce.
The automated features streamlined our payroll procedures, lowering the time spent on manual calculations and compliance tracking. Regular training sessions and ongoing support from Papaya helped our teams become skilled users of the software, maximizing its potential for our organization.
Companies that employee workers throughout multiple countries typically face detailed challenges when it pertains to managing their workforce. Among the greatest hurdles is combining different data streams and adhering to diverse local and nationwide labor regulations, which can be both time-consuming and expensive. Furthermore, establishing local entities in new regions can be an expensive and suboptimal choice, with options such as opening a foreign subsidiary or working with an expert work company (PEO) frequently charging up to 15% of the payroll. These challenges have led to a substantial boost in trouble hiring qualified personnel, with 75% of companies reporting this problem in 2022, a 21% increase 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 an option supporting all kinds of employment. It provides an end-to-end platform, from staff member onboarding and ongoing management to global payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, provides management of work benefits, and makes sure data privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. A business owner 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 global.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to go to the total webcast in order to receive your credits if you have any concerns throughout 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 internet browser with the webcast study please make sure to finish 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 thrilled to have you here as we start a journey of information to guideline achieving
360 degree worker compliance where we’ll dive into the essential aspects of the staff member compliance management model throughout the session we’ll explore real world challenges genuine local regulations best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to protect your company and employees while staying compliant in an
Ever progressing regulatory environment in the everchanging world of service and financing guaranteeing compliance with payroll regulations is not only essential however likewise a legal imperative from the moment of hiring to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance risks that have significant repercussions however with a much deeper more nuanced understanding of their commitments organizations can not just browse the intricate landscape however likewise proactively guarantee this 360 degree compliance the webinar is developed to equip you with the knowledge and tools necessary to navigate the complex Terrain of compliance whether you’re an experienced P professional a small business owner or somebody new to the field what I want to do before we start and I think it’s actually crucial
In our quest to boost efficiency and accuracy in managing our international labor force, our international corporation turned to, a leading and workforce management software application. The transition intended to streamline the complex job of managing across numerous nations, currencies, and compliance regulations.