Papaya Global Systems 2024 – FAQ

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

 

Over the past couple of decades, the labor force has actually undergone a significant change with the emergence of remote work, which has eliminated geographical constraints on hiring. This has enabled companies to hire skill from all over the world, enabling them to put together the best possible team for each function. As a result, employees have gotten greater flexibility to work from home and increase their revenues without needing to transfer to pricey areas or commute fars away. According to a 2022 study, 87% of staff members who have the choice to work from another location choose to do so. The COVID-19 pandemic, combined with developments in business connection software, has further sped up the shift towards remote work, even in industries that were at first hesitant to embrace the trend.

insights are important to us and and your fellow participants so first things first though um let’s be familiar with everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had functions in all type of Industries retail and Charm to Aerospace in all types of companies start-up to matrixed environments across the globe I offered leadership and technique to populations of more than 100,000 staff members on a month-to-month basis and in over 170 nations today I’m the perel strategist for papaya

Global I work across business guy maning and developing external relationships supporting Business customers and solutions and acting as an advisor I want to introduce our very first Greg um guest 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 corporate counsil at bambo HR so I lead our internal legal team and really work really closely with our um HR department as well to deal with 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 state our mission is to set you as HR professionals free to do fantastic

Implementation Barriers:
Although Papaya Global supplies combinations with numerous HR and financing systems, we experienced some hurdles throughout the combination procedure. Personalizing the software to align with our existing infrastructure showed to be more intricate than prepared for, leading to delays in the initial rollout.

Prices Concerns:
The substantial functions provided by Papaya Global come at an expense, which a few of our smaller subsidiaries discovered to be excessively costly. As an international organization, we needed to carefully weigh the requirement for innovative functionality versus budget restrictions.

Assistance Action Time:
On occasion, our teams experienced concerns that required immediate assistance. However, the reaction time from Papaya Global’s customer support group was not constantly as prompt as we would have liked, causing delays in fixing those issues.

Our execution of involved a phased technique. We began by onboarding a few subsidiaries to check the system’s compatibility with our existing processes. This enabled us to recognize and address integration obstacles early on. As the software application ended up being more implanted in our operations, we slowly expanded its use to cover our whole international labor force.

The automated features structured our payroll processes, minimizing the time invested in manual estimations and compliance tracking. Routine training sessions and ongoing support from Papaya helped our groups become proficient users of the software application, maximizing its capacity for our company.

Business that employee workers throughout numerous nations often face detailed difficulties when it comes to handling their workforce. One of the most significant obstacles is combining different information streams and sticking to varied local and national labor policies, which can be both lengthy and costly. Additionally, setting up regional entities in new regions can be an expensive and suboptimal alternative, with alternatives such as opening a foreign subsidiary or working with an expert work organization (PEO) typically charging up to 15% of the payroll. These difficulties have actually resulted in a considerable boost in problem recruiting qualified workers, with 75% of employers reporting this concern in 2022, a 21% boost from 2019. The payroll and HR options market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

offers a service supporting all kinds of employment. It supplies an end-to-end platform, from staff member onboarding and ongoing management to worldwide payments and. It helps business with labor law compliance in the jurisdictions in which they run, uses management of employment benefits, and ensures information 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 space in global.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to participate in the complete webcast in order to receive your credits if you have any questions during 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 web browser with the webcast survey please make certain to finish it as quickly as the webcast has actually 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 regulation achieving

360 degree staff member compliance where we’ll dive into the important aspects of the worker compliance management design throughout the session we’ll check out real life difficulties real local guidelines best practices and the function of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to safeguard your organization and staff members while staying compliant in an

Ever evolving regulatory environment in the everchanging world of service and financing guaranteeing compliance with payroll policies is not just crucial however also a legal vital from the moment of working with to the in intri complexities even sorry of termination every step along the employee journey is Frau with compliance dangers that have significant consequences nevertheless with a deeper more nuanced understanding of their responsibilities organizations can not only navigate the intricate landscape however likewise proactively ensure this 360 degree compliance the webinar is designed to equip you with the understanding and tools needed to navigate the complex Terrain of compliance whether you’re a skilled P professional a small business owner or someone brand-new to the field what I want to do before we start and I believe it’s truly essential

In our mission to improve efficiency and accuracy in managing our international 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 throughout different nations, currencies, and compliance policies.

The Excellent:

Compliance Management:
One of the standout features of is its robust compliance management system. The software immediately updates itself to follow ever-evolving tax and labor laws across numerous jurisdictions. This has actually been invaluable in making sure that our processes stay compliant in each country of operation.

is to state that the material here is illegal guidance it is merely for your details please consult your legal group should you have any concerns or concerns in relation to anything that we’ve talked about today our secret take key takeaways by the end of the webinar will be an understanding of staff member compliance threats how to work with ly with self-confidence how to streamline data management and automation so let’s take ourselves a moment to familiarize ourselves with the webinar platform once again as we’ve.

function as your hris or is type of your core worker record um to handle that staff member life cycle throughout their Journey with you as as an employee in addition to a payroll module we have to assist you pay those employees and compensate them and benefits Administration module that permits you to help manage the advantages you supply to your staff members so really excited 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 provide a lot of a concentrate on the United States side of things when we speak about sort of compliance so happy to be here thanks for having me Ian all right thanks Greg um Gina over to you would you like to introduce yourself and tell the audience a bit about papay worldwide yes definitely thank you Ian hello everybody I’m Gina dorelis I’m the Employment specialist supervisor.

at I manage the employment Council in the US APAC EMA and Israel region I likewise serve as us Council for I’m accredited in New York and New Jersey um we guarantee compliance onboarding and offboarding of employees with regard to papaya we offer payroll payments and workforce management as a Service labor force company to employees serving in over.

160 nations alright thank you so both I feel totally 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 truly really nice to in fact see in the webinar chat where everybody’s in fact attending from today I can see that we have individuals in Las Vegas and Indiana currently so if you wish to carry on inform where you are that would be absolutely wonderful whilst we simply await everyone else to sort of like participate there we go Chicago too well um so whil we’re doing that I’m awaiting everyone to kind of join I’ll simply run us through the program um today we are going to discuss working with Talent brand-new higher Details Management termination compliance and automation wow the chat has actually got actually truly hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from definitely all over which is wonderful so uh I’m hoping that we’re in fact going to have some really fantastic commentary and concerns throughout the uh the webinar too alright so that’s the agenda then what I want to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a staff member and their data is Papaya Global Systems multifaceted without fail and an.

Ever progressing relationship that starts the moment an individual joins an organization it continues throughout their employment and Beyond this journey can be divided into k to numerous crucial stages whilst we’re really you know that they’re used with us so on boarding daily operations settlement and advantages expert advancement 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 safeguarding employee information in compliance with data privacy policies no matter where it is you’re operating around the world it often involves implementing protected information management systems and ensuring rigorous adherence to regional requirements to protect both the worker and the organization the evolution of employee information and management c.