Papaya Global Live Q&A 2024 – FAQ

Expense Factors to consider and Papaya Global Live Q&A …
The extensive features of come at a cost,

 

Recent decades have seen a significant change to the workforce as the increase of remote work has broken down geographical barriers to employing. Services can now hire staff from anywhere worldwide, enabling them to access the best offered talent for any provided role. This provides workers more freedom to work from home and increase their earnings without transferring to costly areas or travelling fars away. A 2022 study discovered that 87% of workers who have the possibility to work remotely take that chance. The break out of COVID-19, in conjunction with brand-new enterprise connectivity software application, accelerated the relocate to remote work, consisting of in industries formerly reluctant to embrace the trend.

insights are important to us and and your fellow attendees so first things first though um let’s be familiar with everyone my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Charm to Aerospace in all types of businesses start-up to matrixed environments around the world I offered management and strategy to populations of more than 100,000 employees on a regular monthly 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 Business clients and options and serving as an advisor I want to introduce our very first Greg um guest Greg who will kick things off by informing 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 in-house legal team and really work very carefully with our um HR department also to manage various legal and HR matters that show up so really thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our mission is to set you as HR professionals totally free to do terrific

Application Barriers:
Although Papaya Global offers integrations with various HR and finance systems, we experienced some hurdles throughout the combination process. Customizing the software application to line up with our existing infrastructure proved to be more complex than anticipated, resulting in delays in the preliminary rollout.

Rates Concerns:
The comprehensive features offered by Papaya Global come at a cost, which some of our smaller sized subsidiaries discovered to be prohibitively pricey. As an international organization, we needed to thoroughly weigh the need for sophisticated performance against budget plan restrictions.

Assistance Reaction Time:
On occasion, our teams experienced concerns that needed immediate support. Nevertheless, the response time from Papaya Global’s client support team was not always as prompt as we would have liked, resulting in delays in dealing with those issues.

Our application of included a phased approach. We started by onboarding a couple of subsidiaries to test the system’s compatibility with our existing procedures. This enabled us to recognize and resolve integration challenges early on. As the software application became more implanted in our operations, we slowly expanded its use to cover our whole worldwide labor force.

The automated features structured our payroll procedures, minimizing the time spent on manual computations and compliance tracking. Routine training sessions and continuous support from Papaya helped our teams end up being proficient users of the software application, optimizing its capacity for our company.

However, paying a labor force can be complicated. It is especially challenging for business who utilize personnel across multiple countries, as they must continuously combine various data streams, by hand track regional and nationwide labor and regulations, and spend important time and resources to establish local entities in brand-new locations. These companies are confronted with suboptimal, costly choices, like opening a foreign subsidiary or employing an expert employment organization, which is a local firm 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 solutions market was valued at $26.4 billion in 2022 and is forecasted to reach $50.4 billion by 2030.

uses an option supporting all types of employment. It provides an end-to-end platform, from staff member onboarding and ongoing management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, provides management of work benefits, and ensures 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 professional in payroll and labor force management. She co-founded after seeing the innovation gap in global.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please make sure to go to the total webcast in order to receive your credits if you have any questions during the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your web browser with the webcast survey please make sure to finish 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 hi 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 staff member compliance where we’ll dive into the essential elements of the worker compliance management model throughout the session we’ll explore real world difficulties genuine regional regulations finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to protect your organization and staff members while staying certified in an

Ever evolving regulative environment in the everchanging world of company and financing making sure compliance with payroll regulations is not only important but also a legal necessary from the minute of hiring to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance risks that have far-reaching effects however with a deeper more nuanced understanding of their responsibilities companies can not only browse the elaborate landscape however also proactively guarantee this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to navigate the complex Terrain of compliance whether you’re an experienced P expert a small company owner or somebody new to the field what I would like to do before we start and I think it’s really essential

In our quest to boost effectiveness and precision in managing our worldwide workforce, our multinational corporation turned to, a leading and workforce management software application. The transition intended to simplify the complex job of handling across numerous countries, currencies, and compliance policies.

The Great:

Compliance Management:
One of the standout functions of is its robust compliance management system. The software application automatically updates itself to abide by ever-evolving tax and labor laws throughout several jurisdictions. This has actually been important in ensuring that our processes stay certified in each nation of operation.

is to state that the content here is not legal advice it is merely for your information please consult your legal group should you have any questions or issues in relation to anything that we’ve gone over today our key take essential takeaways by the end of the webinar will be an understanding of employee compliance risks how to hire ly with self-confidence how to simplify data management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.

serve as your hris or is sort of your core staff member record um to manage that worker life cycle throughout their Journey with you as as a worker in addition to a payroll module we need to assist you pay those staff members and compensate them and benefits Administration module that allows you to assist manage the benefits you offer to your employees so actually delighted to be here represent um bamb booy jar and speak about this subject um and I think from my viewpoint I’ll I’ll most likely offer a great deal of a focus on the United States side of things when we discuss type of compliance so pleased to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay international yes absolutely thank you Ian hey there everyone I’m Gina dorelis I’m the Work professional manager.

at I handle the employment Council in the US APAC EMA and Israel region I likewise work as us Council for I’m certified in New York and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we provide payroll payments and workforce management as a Service labor force supplier to employees serving in over.

160 nations fine thank you so both I feel entirely underqualified sitting here with you both well I forgot to discuss as we were type of like going through the introduction so it’s truly really nice to in fact see in the webinar chat where everyone’s actually participating in from today I can see that we have people in Las Vegas and Indiana currently so if you wish to carry on tell where you are that would be definitely great whilst we just await everyone else to kind of like take part there we go Chicago too well um so whil we’re doing that I’m waiting for everyone to kind of join I’ll simply run us through the agenda um today we are going to go over hiring Skill brand-new higher Details Management termination compliance and automation wow the chat has got really actually busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from definitely all over which is fantastic so uh I’m hoping that we’re really going to have some actually terrific commentary and questions throughout the uh the webinar also all right so that’s the agenda then what I wish to Now cover is the the compliance and the Personal privacy side of things so the the Journey of an employee and their data is Papaya Global Live Q&A diverse without fail and an.

Ever developing relationship that starts the moment a person joins a company it continues throughout their work and Beyond this journey can be divided into k to several crucial stages whilst we’re actually you understand that they’re used with us so on boarding everyday operations settlement and advantages professional advancement then we get to the offboarding and even advocacy so it even takes place after the employee has left your employment throughout the journey companies are accountable for collecting storing protecting employee data in compliance with data privacy policies no matter where it is you’re running worldwide it often includes implementing safe and secure data management systems and ensuring rigorous adherence to regional requirements to protect both the staff member and the company the development of worker data and management c.