insights are valuable to us and and your fellow guests so first things initially though um let’s learn more about everyone my name is Ian Charles and I have actually operated in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Beauty to Aerospace in all kinds of organizations start-up to matrixed environments across the globe I provided leadership and method 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
International I work across business male maning and developing external relationships supporting Enterprise customers and options and serving as an advisor I want to introduce our very 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 really closely with our um HR department as well to handle numerous legal and HR matters that turn up so truly excited to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our objective is to set you as HR professionals totally free to do terrific
Although Papaya Global provides integrations with various HR and finance systems, we encountered some hurdles throughout the integration process. Customizing the software to align with our existing infrastructure showed to be more complicated than anticipated, leading to hold-ups in the initial rollout.
The substantial functions provided by Papaya Global come at a cost, which a few of our smaller subsidiaries discovered to be prohibitively costly. As a worldwide company, we needed to thoroughly weigh the requirement for advanced functionality versus budget restrictions.
Support Action Time:
On occasion, our teams experienced concerns that needed urgent support. Nevertheless, the response time from Papaya Global’s consumer support group was not always as timely as we would have liked, leading to hold-ups in resolving those problems.
Our application of included a phased method. We started by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing processes. This enabled us to recognize and resolve integration obstacles early on. As the software ended up being more instilled in our operations, we slowly broadened its usage to cover our whole international workforce.
The automated functions streamlined our payroll procedures, decreasing the time spent on manual estimations and compliance tracking. Regular training sessions and continuous assistance from Papaya helped our teams end up being proficient users of the software, maximizing its capacity for our organization.
However, paying a labor force can be complicated. It is particularly challenging for business who utilize personnel throughout several countries, as they should constantly combine different data streams, manually track local and nationwide labor and regulations, and spend important time and resources to set up local entities in new areas. These business are faced with suboptimal, costly choices, like opening a foreign subsidiary or working with a professional work company, which is a regional firm that works with employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty recruiting certified workers, a boost 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.
provides a service supporting all types of employment. It offers an end-to-end platform, from employee onboarding and continuous management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they run, offers management of work advantages, 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 gap in global.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make certain to participate in the total webcast in order to get 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 be 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 discussion hey there and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to policy achieving
360 degree employee compliance where we’ll dive into the important aspects of the staff member compliance management design throughout the session we’ll check out real world obstacles genuine regional regulations best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to safeguard your company and workers while staying compliant in an
Ever progressing regulatory environment in the everchanging world of service and financing guaranteeing compliance with payroll regulations is not just vital however likewise a legal important from the minute of working with to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance dangers that have far-reaching consequences nevertheless with a deeper more nuanced understanding of their commitments companies can not just navigate the elaborate landscape however likewise proactively ensure 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 a skilled P professional a small business owner or someone new to the field what I wish to do before we start and I think it’s truly important
In our quest to boost performance and accuracy in managing our international labor force, our multinational corporation turned to, a leading and workforce management software application. The shift aimed to streamline the complex task of managing throughout different countries, currencies, and compliance policies.