The COVID-19 pandemic, combined with developments in business connectivity software application… Papaya Global Global Tax Code Changes …
insights are valuable to us and and your fellow attendees so first things initially though um let’s be familiar with everyone my name is Ian Charles and I have actually worked in payroll for the last 25 years I have actually had roles in all type of Industries retail and Beauty to Aerospace in all types of businesses start-up to matrixed environments around the world I offered management and method to populations of more than 100,000 staff members on a monthly basis and in over 170 countries today I’m the perel strategist for papaya
International I work across business man maning and building external relationships supporting Business customers and solutions and acting as a consultant I ‘d like to present our very first Greg um guest 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 stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal team and actually work very carefully with our um HR department as well to handle various legal and HR matters that turn up so actually thrilled to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our mission is to set you as HR professionals complimentary to do great
Although Papaya Global provides integrations with numerous HR and financing systems, we came across some hurdles during the integration procedure. Tailoring the software application to align with our existing infrastructure showed to be more intricate than prepared for, leading to hold-ups in the preliminary rollout.
The extensive features provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be prohibitively costly. As a global organization, we needed to carefully weigh the requirement for innovative performance against spending plan constraints.
Support Action Time:
On occasion, our groups experienced problems that needed immediate assistance. Nevertheless, the reaction time from Papaya Global’s customer assistance team was not always as prompt as we would have liked, leading to delays in dealing with those problems.
Our application of involved a phased method. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This allowed us to identify and deal with combination obstacles early on. As the software application became more implanted in our operations, we slowly expanded its usage to cover our whole global labor force.
The automated functions streamlined our payroll procedures, decreasing the time spent on manual computations and compliance tracking. Regular training sessions and ongoing assistance from Papaya helped our groups become proficient users of the software application, optimizing its capacity for our company.
However, paying a workforce can be complicated. It is particularly challenging for business who employ personnel across numerous nations, as they need to constantly consolidate various information streams, manually track regional and nationwide labor and guidelines, and invest valuable time and resources to establish local entities in new areas. These companies are faced with suboptimal, costly options, like opening a foreign subsidiary or working with an expert work company, which is a local firm that employs employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported problem hiring qualified workers, an increase of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.
uses a solution supporting all types of employment. It supplies an end-to-end platform, from staff member onboarding and continuous management to international payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, provides management of work advantages, and ensures 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 innovation space in global.
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 concerns during 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 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 discussion hello and thank you for joining us today we’re enjoyed have you here as we start a journey of data to regulation attaining
360 degree employee compliance where we’ll dive into the vital elements of the staff member compliance management model throughout the session we’ll check out real world difficulties real local policies finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to secure your company and employees while staying certified in an
Ever developing regulative environment in the everchanging world of organization and financing making sure compliance with payroll regulations is not only crucial however also a legal necessary from the moment of working with to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance threats that have far-reaching effects nevertheless with a deeper more nuanced understanding of their responsibilities organizations can not only navigate the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools essential to browse the complex Terrain of compliance whether you’re a skilled P professional a small business owner or someone brand-new to the field what I would like to do before we start and I think it’s actually crucial
In our mission to enhance efficiency and precision in managing our global labor force, our international corporation turned to, a leading and workforce management software. The transition intended to streamline the complex job of managing across various countries, currencies, and compliance policies.