Papaya Global Support 2024 – FAQ

Expense Factors to consider and Papaya Global Support …
The comprehensive features of come at an expense,

 

Recent decades have seen a remarkable change to the workforce as the increase of remote work has broken down geographical barriers to employing. Companies can now hire staff from anywhere worldwide, allowing them to access the best readily available skill for any given role. This offers employees more freedom to work from home and increase their income without relocating to expensive areas or commuting cross countries. A 2022 study found that 87% of staff members who have the possibility to work remotely take that chance. The outbreak of COVID-19, in conjunction with brand-new enterprise connectivity software, accelerated the move to remote work, consisting of in industries previously reluctant to accept the pattern.

insights are valuable to us and and your fellow participants so first things first though um let’s learn more about everybody my name is Ian Charles and I’ve worked in payroll for the last 25 years I have actually had roles in all type of Industries retail and Appeal to Aerospace in all types of businesses startup to matrixed environments around the world I provided management and method to populations of more than 100,000 staff members on a monthly basis and in over 170 countries today I’m the perel strategist for papaya

Worldwide I work across the business man maning and constructing external relationships supporting Business clients and services and functioning as a consultant I wish to present our very first Greg um guest 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 corporate counsil at bambo HR so I lead our internal legal team and actually work extremely closely with our um HR department too to deal with different legal and HR matters that come up so actually thrilled to be here about bambo HR if if you’re not familiar with us uh at bambo HR we say our objective is to set you as HR professionals complimentary to do great

Implementation Challenges:
Although Papaya Global supplies combinations with various HR and financing systems, we encountered some obstacles during the combination process. Customizing the software application to align with our existing facilities showed to be more complicated than expected, resulting in hold-ups in the initial rollout.

Pricing Concerns:
The extensive 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 company, we needed to thoroughly weigh the need for sophisticated performance versus spending plan restraints.

Assistance Reaction Time:
On occasion, our teams experienced concerns that required urgent assistance. Nevertheless, the action time from Papaya Global’s client assistance group was not always as prompt as we would have liked, causing delays in dealing with those concerns.

Our implementation of involved a phased technique. We started by onboarding a couple of subsidiaries to test the system’s compatibility with our existing procedures. This permitted us to identify and attend to combination difficulties early on. As the software application became more implanted in our operations, we slowly broadened its use to cover our entire international workforce.

The automated functions structured our payroll processes, decreasing the time invested in manual computations and compliance tracking. Regular training sessions and ongoing assistance from Papaya assisted our teams end up being proficient users of the software application, maximizing its capacity for our company.

However, paying a workforce can be complicated. It is particularly challenging for business who utilize staff across multiple countries, as they should continuously consolidate various data streams, by hand track local and national labor and regulations, and spend valuable time and resources to set up local entities in new areas. These business are faced with suboptimal, expensive alternatives, like opening a foreign subsidiary or employing an expert work company, which is a regional company that works with employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble recruiting qualified personnel, an increase of 21% from 2019. The payroll & HR solutions market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.

offers a service supporting all kinds of work. It provides an end-to-end platform, from worker onboarding and ongoing management to international payments and. It helps companies with labor law compliance in the jurisdictions in which they run, offers management of employment advantages, and ensures data personal privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading professional in payroll and workforce 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 attend the complete 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 new tab will open in your web 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 discussion hi and thank you for joining us today we’re enjoyed have you here as we start a journey of information to policy accomplishing

360 degree employee compliance where we’ll dive into the vital aspects of the employee compliance management model throughout the session we’ll explore real life difficulties genuine local policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to secure your organization and staff members while remaining compliant in an

Ever developing regulative environment in the everchanging world of business and finance ensuring compliance with payroll guidelines is not only vital however likewise a legal imperative from the moment of employing to the in intri complexities even sorry of termination every step along the worker journey is Frau with compliance threats that have far-reaching consequences nevertheless with a deeper more nuanced understanding of their commitments organizations can not only browse the detailed landscape however likewise proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools required to navigate the complex Surface of compliance whether you’re an experienced P professional a small business owner or someone new to the field what I would like to do before we begin and I believe it’s actually essential

In our mission to enhance performance and precision in managing our international labor force, our multinational corporation turned to, a leading and labor force management software. The transition aimed to simplify the complex job of handling across various countries, currencies, and compliance regulations.

The Great:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software immediately updates itself to abide by ever-evolving tax and labor laws throughout multiple jurisdictions. This has actually been indispensable in ensuring that our processes remain compliant in each country of operation.

is to state that the content here is not legal advice it is just for your details please consult your legal team must you have any questions or concerns in relation to anything that we’ve talked about today our key take essential takeaways by the end of the webinar will be an understanding of staff member compliance threats how to employ ly with confidence how to streamline data management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.

work as your hris or is sort of your core staff member record um to manage that staff member life process 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 advantages you provide to your workers so truly delighted to be here represent um bamb booy container and discuss this topic um and I think from my viewpoint I’ll I’ll most likely offer a great deal of a focus on the US side of things when we discuss kind of compliance so delighted 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 bit about papay international yes definitely thank you Ian hey there everyone I’m Gina dorelis I’m the Work specialist manager.

at I handle the employment Council in the US APAC EMA and Israel area I also act as us Council for I’m licensed in New York and New Jersey um we make sure compliance onboarding and offboarding of employees with regard to papaya we supply payroll payments and workforce management as a Service labor force service provider to workers serving in over.

160 countries alright thank you so both I feel totally underqualified sitting here with you both well I forgot to mention as we were kind of like going through the intro so it’s truly really great to really 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 currently so if you want to carry on inform where you are that would be absolutely fantastic whilst we simply wait for everybody else to sort of like participate in there we go Chicago too well um so whil we’re doing that I’m awaiting everybody to sort of join I’ll simply run us through the program um today we are going to talk about hiring Talent new greater Info Management termination compliance and automation wow the chat has actually got truly truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from definitely everywhere which is wonderful so uh I’m hoping that we’re really going to have some really great commentary and concerns throughout the uh the webinar too alright 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 a worker and their data is Papaya Global Support diverse without fail and an.

Ever developing relationship that begins the minute a person joins an organization it continues throughout their employment and Beyond this journey can be divided into k to numerous key phases whilst we’re really you know that they’re used with us so on boarding everyday operations payment and benefits expert advancement then we get to the offboarding and even advocacy so it even happens after the worker has actually left your work throughout the journey organizations are accountable for collecting saving safeguarding worker data in compliance with data privacy policies no matter where it is you’re running around the world it typically involves implementing protected information management systems and ensuring rigorous adherence to regional requirements to protect both the employee and the company the development of worker data and management c.