Papaya Global Server 2024 – FAQ

Cost Considerations and Papaya Global Server …
The comprehensive functions of come at an expense,

 

Current decades have seen a remarkable modification to the labor force as the rise of remote work has broken down geographical barriers to employing. Services can now hire personnel from anywhere worldwide, allowing them to access the best available talent for any provided function. This offers employees more flexibility to work from home and increase their income without transferring to pricey areas or commuting cross countries. A 2022 survey found that 87% of staff members who have the opportunity to work from another location take that chance. The outbreak of COVID-19, in conjunction with brand-new business connectivity software, sped up the move to remote work, consisting of in industries formerly reluctant to accept the trend.

insights are valuable 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’ve worked in payroll for the last 25 years I’ve had roles in all sort of Industries retail and Beauty to Aerospace in all kinds of services startup to matrixed environments across the globe I supplied management and strategy to populations of more than 100,000 staff members on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

International I work across the business male maning and constructing external relationships supporting Business customers and options and serving as a consultant I want to present our very 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 said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal group and in fact work really closely with our um HR department as well to handle numerous legal and HR matters that show up so actually delighted to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our objective is to set you as HR experts totally free to do fantastic

Implementation Challenges:
Although Papaya Global offers integrations with various HR and financing systems, we experienced some obstacles throughout the combination procedure. Tailoring the software application to align with our existing facilities proved to be more intricate than anticipated, leading to hold-ups in the initial rollout.

Pricing Issues:
The substantial features provided by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be prohibitively expensive. As a global organization, we needed to carefully weigh the need for advanced functionality against budget restraints.

Support Action Time:
On occasion, our teams experienced problems that required urgent help. Nevertheless, the action time from Papaya Global’s client assistance team was not constantly as timely as we would have liked, leading to delays in fixing those concerns.

Our application of involved a phased approach. We started by onboarding a couple of subsidiaries to evaluate the system’s compatibility with our existing processes. This permitted us to recognize and resolve integration difficulties early on. As the software application ended up being more implanted in our operations, we slowly broadened its use to cover our entire global labor force.

The automated features streamlined our payroll processes, reducing the time spent on manual estimations and compliance tracking. Routine training sessions and ongoing support from Papaya helped our groups end up being competent users of the software application, optimizing its capacity for our company.

Business that staff member workers throughout several nations often deal with detailed difficulties when it concerns handling their workforce. One of the most significant hurdles is combining numerous information streams and adhering to varied local and nationwide labor guidelines, which can be both lengthy and expensive. Furthermore, setting up local entities in brand-new regions can be an expensive and suboptimal option, with alternatives such as opening a foreign subsidiary or employing an expert employment organization (PEO) frequently charging up to 15% of the payroll. These challenges have actually resulted in a substantial increase in trouble recruiting certified personnel, with 75% of employers reporting this concern in 2022, a 21% increase from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

offers a solution supporting all types of employment. It offers an end-to-end platform, from worker onboarding and continuous management to global payments and. It assists companies with labor law compliance in the jurisdictions in which they run, offers management of work benefits, and guarantees data privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the innovation gap in international.

papaya this webcast has been pre-approved for hrci and Sherm credit please be sure to go to the total webcast in order to receive your credits if you have any concerns throughout the webcast please click on the Q&A tab in your webinar controls and type the there a brand-new tab will open in your internet browser with the webcast study please be sure to complete it as soon 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 thrilled to have you here as we start a journey of data to guideline achieving

360 degree staff member compliance where we’ll dive into the essential elements of the employee compliance management model throughout the session we’ll explore real world difficulties real local regulations finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to secure your organization and employees while remaining certified in an

Ever developing regulatory environment in the everchanging world of business and financing ensuring compliance with payroll guidelines is not only important but likewise a legal important 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 dangers that have far-reaching consequences however with a much deeper more nuanced understanding of their obligations organizations can not just browse the complex landscape however likewise proactively ensure this 360 degree compliance the webinar is developed to equip you with the understanding and tools needed to browse the complex Terrain of compliance whether you’re a seasoned P professional a small company owner or someone new to the field what I wish to do before we start and I think it’s really important

In our mission to improve effectiveness and accuracy in handling our worldwide workforce, our multinational corporation turned to, a leading and labor force management software. The shift intended to simplify the complex job of handling throughout numerous countries, currencies, and compliance guidelines.

The Good:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software instantly updates itself to adhere to ever-evolving tax and labor laws throughout several jurisdictions. This has been important in ensuring that our procedures stay compliant in each nation of operation.

is to state that the material here is illegal guidance it is merely for your information please consult your legal team ought to you have any concerns or concerns 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 staff member compliance dangers how to work with ly with confidence how to simplify data management and automation so let’s take ourselves a moment to familiarize ourselves with the webinar platform once again as we have actually.

serve as your hris or is type of your core worker record um to manage that worker life process throughout their Journey with you as as a worker in addition to a payroll module we need to help you pay those workers and compensate them and advantages Administration module that enables you to assist manage the benefits you provide to your employees so actually delighted to be here represent um bamb booy container and discuss this subject um and I think from my viewpoint I’ll I’ll probably offer a great deal of a focus on the US side of things when we talk about kind of compliance so delighted to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay international yes definitely thank you Ian hello everybody I’m Gina dorelis I’m the Employment expert supervisor.

at I manage the work Council in the United States APAC EMA and Israel region I also act as us Council for I’m licensed in New york city and New Jersey um we ensure compliance onboarding and offboarding of employees with regard to papaya we supply payroll payments and labor force management as a Service work force provider to workers serving in over.

160 countries alright thank you so both I feel entirely underqualified sitting here with you both well I forgot to point out as we were type of like going through the introduction so it’s actually really nice to actually see in the webinar chat where everyone’s really going to from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to carry on tell where you are that would be definitely fantastic whilst we simply wait for everybody else to sort of like participate there we go Chicago also well um so whil we’re doing that I’m awaiting everyone to kind of join I’ll just run us through the program um today we are going to discuss hiring Skill brand-new greater Information Management termination compliance and automation wow the chat has got really really busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from definitely all over which is great so uh I’m hoping that we’re actually going to have some truly fantastic commentary and concerns throughout the uh the webinar as well all right so that’s the program then what I ‘d like to Now cover is the the compliance and the Privacy side of things so the the Journey of a worker and their data is Papaya Global Server complex without fail and an.

Ever evolving relationship that begins the minute an individual joins an organization it continues throughout their work and Beyond this journey can be divided into k to several crucial phases whilst we’re in fact you know that they’re utilized with us so on boarding day-to-day operations compensation and benefits expert advancement then we get to the offboarding and even advocacy so it even takes place after the staff member has actually left your employment throughout the journey organizations are accountable for collecting keeping safeguarding staff member data in compliance with information personal privacy policies no matter where it is you’re operating all over the world it frequently involves carrying out safe information management systems and ensuring strict adherence to local requirements to protect both the employee and the company the development of employee information and management c.