Papaya Global Group 2024 – FAQ

Expense Considerations and Papaya Global Group …
The comprehensive features of come at an expense,

 

Current decades have actually seen a dramatic change to the workforce as the increase of remote work has actually broken down geographical barriers to working with. Organizations can now work with staff from anywhere worldwide, permitting them to access the very best readily available talent for any provided role. This provides workers more freedom to work from home and increase their income without moving to costly locations or travelling long distances. A 2022 survey found that 87% of workers who have the chance to work from another location take that opportunity. The break out of COVID-19, in conjunction with brand-new enterprise connection software application, sped up the relocate to remote work, including in industries formerly reluctant to embrace the trend.

insights are important 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 have actually had roles in all sort of Industries retail and Charm to Aerospace in all kinds of businesses startup to matrixed environments across the globe I offered leadership and technique to populations of more than 100,000 staff members on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya

International I work throughout the business man maning and constructing external relationships supporting Enterprise clients and options and serving 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 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 business counsil at bambo HR so I lead our internal legal group and in fact work very closely with our um HR department too to handle various legal and HR matters that show up so actually thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our mission is to set you as HR specialists complimentary to do great

Implementation Challenges:
Although Papaya Global offers integrations with numerous HR and finance systems, we encountered some obstacles during the integration process. Customizing the software application to line up with our existing infrastructure proved to be more complex than prepared for, leading to delays in the preliminary rollout.

Rates Concerns:
The extensive functions used by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be excessively pricey. As an international organization, we needed to thoroughly weigh the requirement for innovative performance versus budget constraints.

Assistance Response Time:
On occasion, our groups experienced problems that required urgent help. However, the action time from Papaya Global’s consumer assistance group was not constantly as prompt as we would have liked, causing delays in solving those concerns.

Our application 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 identify and resolve integration obstacles early on. As the software application became more implanted in our operations, we gradually broadened its usage to cover our entire international labor force.

The automated functions streamlined our payroll processes, reducing the time invested in manual computations and compliance tracking. Routine training sessions and ongoing assistance from Papaya assisted our groups become skilled users of the software, optimizing its potential for our organization.

However, paying a labor force can be intricate. It is especially challenging for companies who utilize staff throughout multiple nations, as they must continuously consolidate various information streams, manually track regional and national labor and policies, and invest valuable time and resources to set up regional entities in brand-new areas. These business are faced with suboptimal, costly alternatives, like opening a foreign subsidiary or working with an expert employment company, which is a regional firm that works with employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem recruiting certified personnel, a boost 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 kinds of work. It offers 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 operate, offers management of employment benefits, 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 technology gap in global.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to go to the complete 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 brand-new tab will open in your browser with the webcast study please make certain 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 thrilled to have you here as we start a journey of information to guideline accomplishing

360 degree staff member compliance where we’ll dive into the important aspects of the employee compliance management model throughout the session we’ll check out real life obstacles real local regulations best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and employees while staying certified in an

Ever developing regulative environment in the everchanging world of service and financing making sure compliance with payroll guidelines is not just vital however also a legal crucial from the minute of hiring to the in intri intricacies even sorry of termination every step along the staff member journey is Frau with compliance threats that have far-reaching repercussions however with a much deeper more nuanced understanding of their obligations companies can not only navigate the elaborate landscape but also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools essential to browse the complex Terrain of compliance whether you’re a seasoned P specialist a small company owner or someone brand-new to the field what I wish to do before we begin and I think it’s actually crucial

In our mission to boost efficiency and accuracy in managing our global labor force, our international corporation turned to, a leading and labor force management software application. The shift aimed to streamline the complex job of managing across numerous countries, currencies, and compliance guidelines.

The Great:

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

is to state that the material here is illegal guidance it is simply for your details please consult your legal team should you have any concerns or issues in relation to anything that we have actually talked about today our secret take essential takeaways by the end of the webinar will be an understanding of employee compliance threats how to hire ly with confidence how to simplify information management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we have actually.

work as your hris or is type of your core employee record um to manage that employee life process throughout their Journey with you as as an employee in addition to a payroll module we have to help you pay those employees and compensate them and advantages Administration module that permits you to help manage the benefits you provide to your employees so actually delighted to be here represent um bamb booy container and speak about this topic um and I guess from my perspective I’ll I’ll probably provide a lot of a focus on the US side of things when we talk about kind of compliance so happy to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a bit about papay global yes absolutely thank you Ian hi everyone I’m Gina dorelis I’m the Work expert supervisor.

at I handle the work Council in the United States APAC EMA and Israel area I likewise work as us Council for I’m certified in New York and New Jersey um we ensure compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and workforce management as a Service work force supplier to employees serving in over.

160 countries alright thank you so both I feel completely underqualified sitting here with you both well I forgot to mention as we were kind of like going through the intro so it’s actually truly nice to really see in the webinar chat where everyone’s in fact attending from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to carry on inform where you are that would be absolutely wonderful whilst we simply wait for everyone else to type of like join in there we go Chicago also well um so whil we’re doing that I’m waiting on everyone to sort of join I’ll just run us through the program um today we are going to talk about working with Skill new higher Details Management termination compliance and automation wow the chat has got really truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely everywhere which is great so uh I’m hoping that we’re really going to have some actually excellent commentary and questions throughout the uh the webinar too okay so that’s the program then what I want to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a worker and their information is Papaya Global Group diverse without fail and an.

Ever progressing relationship that begins the moment 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 really you understand that they’re utilized with us so on boarding daily operations compensation and advantages professional development then we get to the offboarding and even advocacy so it even occurs after the staff member has left your employment throughout the journey companies are accountable for collecting keeping protecting employee information in compliance with data personal privacy policies no matter where it is you’re operating worldwide it frequently includes executing safe and secure data management systems and making sure stringent adherence to regional requirements to secure both the staff member and the organization the evolution of staff member data and management c.