The COVID-19 pandemic, integrated with advancements in enterprise connection software application… Papaya Global 100M Series Capital Partners …
insights are important to us and and your fellow guests so first things first though um let’s be familiar with everyone my name is Ian Charles and I have actually operated in payroll for the last 25 years I have actually had functions in all type of Industries retail and Appeal to Aerospace in all types of services start-up to matrixed environments around the world I supplied management and method to populations of more than 100,000 workers on a month-to-month 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 services and functioning 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 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 internal legal team and actually work extremely carefully with our um HR department also to handle numerous legal and HR matters that come up so truly delighted to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our objective is to set you as HR experts complimentary to do terrific
Although Papaya Global offers combinations with numerous HR and finance systems, we experienced some obstacles during the combination procedure. Tailoring the software to align with our existing facilities showed to be more complicated than expected, leading to hold-ups in the initial rollout.
The comprehensive functions used by Papaya Global come at a cost, which a few of our smaller sized subsidiaries discovered to be excessively pricey. As a global organization, we needed to carefully weigh the requirement for advanced functionality versus budget constraints.
Support Action Time:
On occasion, our groups experienced issues that needed urgent assistance. However, the response time from Papaya Global’s customer support team was not constantly as timely as we would have liked, leading to hold-ups in dealing with those problems.
Our implementation of involved a phased approach. We began by onboarding a couple of subsidiaries to test the system’s compatibility with our existing processes. This allowed us to recognize and deal with integration difficulties early on. As the software application ended up being more ingrained in our operations, we gradually broadened its usage to cover our whole worldwide labor force.
The automated functions structured our payroll processes, lowering the time invested in manual computations and compliance tracking. Regular training sessions and continuous support from Papaya helped our groups become proficient users of the software, optimizing its capacity for our company.
However, paying a workforce can be complicated. It is especially challenging for companies who employ staff across multiple countries, as they must continuously consolidate various data streams, by hand track local and nationwide labor and guidelines, and invest important time and resources to set up local entities in new areas. These business are faced with suboptimal, pricey options, like opening a foreign subsidiary or working with an expert employment company, which is a regional company that hires staff members on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble hiring qualified workers, an increase of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.
offers a service supporting all forms of work. It provides an end-to-end platform, from worker onboarding and continuous management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, uses management of work benefits, and guarantees 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 workforce management. She co-founded after seeing the innovation gap in international.
papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to participate in the complete webcast in order to receive your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast study please make sure to complete it as soon as the webcast has actually 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 embark on a journey of data to regulation attaining
360 degree employee compliance where we’ll dive into the vital aspects of the employee compliance management design throughout the session we’ll explore real world challenges real local policies best practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to secure your organization and employees while staying certified in an
Ever developing regulatory environment in the everchanging world of organization and finance making sure compliance with payroll guidelines is not just vital however likewise a legal essential 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 threats that have significant consequences however with a deeper more nuanced understanding of their responsibilities companies can not just navigate the intricate landscape but also proactively guarantee this 360 degree compliance the webinar is developed to equip you with the understanding and tools necessary to browse the complex Terrain of compliance whether you’re an experienced P specialist a small business owner or someone brand-new to the field what I want to do before we begin and I believe it’s truly essential
In our mission to improve performance and accuracy in managing our worldwide labor force, our multinational corporation turned to, a leading and workforce management software application. The shift aimed to simplify the complex task of handling across different nations, currencies, and compliance policies.