Papaya Global Cloud 2024 – FAQ

Cost Factors to consider and Papaya Global Cloud …
The comprehensive features of come at a cost,

 

Over the past couple of decades, the labor force has actually undergone a considerable transformation with the development of remote work, which has actually gotten rid of geographical constraints on hiring. This has enabled organizations to recruit skill from all over the world, enabling them to put together the best possible team for each role. As a result, staff members have actually acquired higher flexibility to work from home and increase their revenues without having to move to expensive locations or commute long distances. According to a 2022 survey, 87% of employees who have the alternative to work from another location select to do so. The COVID-19 pandemic, combined with advancements in enterprise connection software, has actually further accelerated the shift towards remote work, even in industries that were at first reluctant to adopt the trend.

insights are valuable 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’ve operated in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Beauty to Aerospace in all kinds of organizations startup to matrixed environments around the world I offered management and strategy to populations of more than 100,000 staff members on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

Worldwide I work throughout business man maning and developing external relationships supporting Business clients and solutions and serving as a consultant I want to introduce our very 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 stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal group and really work extremely carefully with our um HR department too to manage various legal and HR matters that come up so actually 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 specialists totally free to do excellent

Implementation Challenges:
Although Papaya Global provides integrations with various HR and financing systems, we encountered some obstacles throughout the integration process. Personalizing the software application to line up with our existing facilities showed to be more complex than expected, resulting in hold-ups in the initial rollout.

Prices Issues:
The extensive functions provided by Papaya Global come at a cost, which some of our smaller subsidiaries discovered to be prohibitively costly. As a worldwide organization, we needed to thoroughly weigh the need for innovative functionality versus spending plan restraints.

Support Action Time:
On occasion, our groups experienced concerns that needed immediate help. However, the response time from Papaya Global’s client assistance group was not always as timely as we would have liked, leading to hold-ups in fixing those concerns.

Our execution of involved a phased technique. We started by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to recognize and address combination obstacles early on. As the software became more implanted in our operations, we gradually broadened its usage to cover our entire global workforce.

The automated features structured our payroll processes, minimizing the time invested in manual calculations and compliance tracking. Regular training sessions and continuous support from Papaya helped our teams become competent users of the software, optimizing its capacity for our company.

However, paying a labor force can be complicated. It is especially challenging for business who utilize personnel throughout numerous countries, as they must continuously combine various information streams, by hand track regional and nationwide labor and guidelines, and spend valuable time and resources to set up local entities in brand-new locations. These companies are confronted with suboptimal, pricey alternatives, like opening a foreign subsidiary or hiring an expert employment company, which is a regional firm that employs staff members on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem hiring qualified personnel, an increase of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.

offers a solution supporting all types of employment. It supplies an end-to-end platform, from staff member onboarding and ongoing management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they run, offers management of employment advantages, and guarantees information 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 professional 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 certain to go to the total webcast in order to receive 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 new tab will open in your internet browser with the webcast survey 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 hey there and thank you for joining us today we’re thrilled to have you here as we start a journey of information to regulation achieving

360 degree staff member compliance where we’ll dive into the necessary aspects of the staff member compliance management design throughout the session we’ll check out real life challenges genuine local policies finest 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 workers while remaining compliant in an

Ever developing regulative environment in the everchanging world of organization and finance ensuring compliance with payroll regulations is not just important but also a legal important from the moment of employing to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant effects however with a much deeper more nuanced understanding of their obligations companies can not only browse the detailed landscape but likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools required to browse the complex Terrain of compliance whether you’re a skilled P specialist a small company owner or someone new to the field what I wish to do before we begin and I believe it’s truly essential

In our quest to enhance performance and accuracy in handling our global workforce, our multinational corporation turned to, a leading and workforce management software. The transition intended to streamline the complex task of handling across various countries, currencies, and compliance guidelines.

The Good:

Compliance Management:
One of the standout features of is its robust compliance management system. The software application instantly updates itself to follow ever-evolving tax and labor laws throughout numerous jurisdictions. This has been vital in guaranteeing that our processes remain certified in each nation of operation.

is to state that the content here is illegal recommendations it is simply for your details please consult your legal group ought to you have any concerns or concerns in relation to anything that we have actually gone over today our secret take key takeaways by the end of the webinar will be an understanding of staff member compliance dangers how to hire ly with confidence how to streamline information management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we have actually.

act as your hris or is sort of your core worker record um to manage that employee life cycle throughout their Journey with you as as a worker in addition to a payroll module we need to assist you pay those workers and compensate them and benefits Administration module that allows you to help handle the benefits you offer to your staff members so truly excited to be here represent um bamb booy container and talk about this subject um and I guess from my viewpoint I’ll I’ll most likely provide a great deal of a concentrate on the US side of things when we talk about sort of compliance so happy to be here thanks for having me Ian alright thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay global yes absolutely thank you Ian hi everybody I’m Gina dorelis I’m the Employment professional supervisor.

at I handle the employment Council in the United States APAC EMA and Israel area I also serve as us Council for I’m certified in New York and New Jersey um we make sure compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and workforce management as a Service labor force company to workers serving in over.

160 countries okay thank you so both I feel completely underqualified sitting here with you both well I forgot to discuss as we were type of like going through the intro so it’s actually really nice to in fact see in the webinar chat where everybody’s in fact participating in from today I can see that we have people in Las Vegas and Indiana already so if you want to carry on inform where you are that would be definitely great whilst we simply wait for everyone else to type of like participate there we go Chicago too well um so whil we’re doing that I’m waiting on everybody to kind of join I’ll simply run us through the agenda um today we are going to discuss hiring Skill brand-new greater Details Management termination compliance and automation wow the chat has actually got really actually busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is wonderful so uh I’m hoping that we’re actually going to have some actually terrific commentary and concerns throughout the uh the webinar also okay so that’s the agenda then what I wish to Now cover is the the compliance and the Privacy side of things so the the Journey of an employee and their information is Papaya Global Cloud diverse without fail and an.

Ever evolving relationship that begins the minute a person signs up with a company it continues throughout their employment and Beyond this journey can be divided into k to a number of key stages whilst we’re in fact you know that they’re used with us so on boarding daily operations payment and benefits expert advancement then we get to the offboarding and even advocacy so it even occurs after the employee has left your employment throughout the journey organizations are responsible for collecting storing protecting staff member data in compliance with data privacy guidelines no matter where it is you’re operating all over the world it typically includes executing protected information management systems and making sure rigorous adherence to regional requirements to protect both the employee and the company the advancement of worker information and management c.