The COVID-19 pandemic, integrated with developments in business connection software application… Papaya Global V21 Demo How To Set Up Company …
insights are important to us and and your fellow attendees so first things first though um let’s learn more about everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually 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 leadership and strategy 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 guy maning and building external relationships supporting Enterprise customers and services and acting as a consultant I wish to present 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 stated my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our internal legal team and in fact work really closely with our um HR department as well to manage numerous legal and HR matters that turn up so really 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 specialists free to do great
Although Papaya Global supplies integrations with numerous HR and finance systems, we experienced some obstacles throughout the combination procedure. Customizing the software application to align with our existing facilities proved to be more complex than anticipated, leading to hold-ups in the initial rollout.
The substantial features offered by Papaya Global come at a cost, which some of our smaller sized subsidiaries found to be excessively costly. As a worldwide company, we needed to thoroughly weigh the requirement for advanced functionality versus budget restraints.
Assistance Action Time:
On occasion, our teams experienced issues that required urgent support. However, the action time from Papaya Global’s customer assistance group was not always as prompt as we would have liked, leading to delays in fixing those problems.
Our implementation of involved a phased method. We started by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing procedures. This allowed us to determine and resolve integration challenges early on. As the software application ended up being more implanted in our operations, we slowly broadened its usage to cover our entire worldwide workforce.
The automated features structured our payroll processes, decreasing the time spent on manual estimations and compliance tracking. Routine training sessions and ongoing support from Papaya helped our groups become skilled users of the software, maximizing its potential for our organization.
Companies that worker workers throughout numerous countries typically face complex obstacles when it comes to handling their workforce. One of the most significant hurdles is combining numerous data streams and sticking to varied regional and nationwide labor regulations, which can be both time-consuming and costly. Additionally, establishing regional entities in new regions can be a pricey and suboptimal option, with alternatives such as opening a foreign subsidiary or working with a professional work organization (PEO) typically charging up to 15% of the payroll. These challenges have resulted in a significant boost in problem recruiting qualified workers, with 75% of companies reporting this issue in 2022, a 21% increase from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is anticipated to reach $50.4 billion by 2030.
provides a solution supporting all kinds of work. It offers an end-to-end platform, from worker onboarding and ongoing management to global payments and. It helps business with labor law compliance in the jurisdictions in which they operate, provides management of work benefits, and makes sure data personal privacy in compliance with GDPR.
Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the technology space in worldwide.
papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to participate in the total webcast in order to get your credits if you have any concerns throughout the webcast please click the Q&A tab in your webinar controls and type the there a brand-new tab will open in your browser with the webcast study please make certain 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 presentation hi and thank you for joining us today we’re enjoyed have you here as we embark on a journey of data to policy achieving
360 degree employee compliance where we’ll dive into the essential aspects of the staff member compliance management design throughout the session we’ll explore real life obstacles genuine regional guidelines 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 workers while remaining certified in an
Ever progressing regulatory environment in the everchanging world of organization and financing guaranteeing compliance with payroll guidelines is not only vital but likewise a legal essential from the minute of employing to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance threats that have far-reaching effects nevertheless with a deeper more nuanced understanding of their obligations organizations can not just browse the elaborate landscape however also proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools essential to browse the complex Surface of compliance whether you’re a seasoned P professional a small business owner or someone brand-new to the field what I wish to do before we begin and I think it’s really important
In our mission to improve effectiveness and accuracy in handling our worldwide labor force, our multinational corporation turned to, a leading and labor force management software. The transition aimed to simplify the complex task of managing throughout different nations, currencies, and compliance regulations.