Payroll and payments run smoothly …Can You Import Papaya Global Onto Another Papaya Globalcomputer
if they count on the essential multiple processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the challenges organization face when they’re making payments to staff members or otherwise that’s a good concern I always toss this back and state what is it what doesn’t require to be consisted of best and what does
it need to be considered there’s varying Bank information so the length of an eye band a swift an account number routing code per nation there’s payment time frames there’s payment abilities so can you pay it from International or do you need to pay from an in-country account do you need to pay from the client’s own in-country account so there’s intricacy wherever you look right eventually constructing a knowledge base is definitely important however everywhere you look with payroll payment they are like super payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the type of link in between fintech and payroll it’s closer than ever I think there’s now a bit more acknowledgment that payroll payments are absolutely fundamental and technology is enabling us to kind of move on with that it likewise too to add to that payroll and financing require to work closer together um with varying Savings account Particulars differing banking requirements and setup procedures is definitely vital that payroll and finance teams work closer together than ever um I’m always amazed when individuals state I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not operate in the payroll profession would they split the payroll payment from computation I would say no so why do we as an industry accept that why our payroll and payments so typically split and cut up um eventually it’s payroll is an end-to-end procedure it’s the point of data collection all the way through to paying individuals anywhere they are but also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being more and more important to add to sort of the level of complexity there’s a growing number of benefits being organ or being provided by services throughout the world so again you’re just aiming to include increasingly more payments to this currently intricate landscape so if you sort of got any experience well I’m from your vast experience here and I make certain but have you got any experience in kind of real challenges or real tough kind of pay utilizes to play to pay individuals I think yeah I indicate over the last well yeah a number of years I would definitely state that the larger an organization gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the task there are groups feeding details into the next function as it were that’s in fact handling the payment side of things but you know in in my viewpoint and my experience that doesn’t necessarily require to be the case you understand long gone are the times where we need to create additional handoffs at the same times that we operate in they simply make them more timely they make them less effective and they do not make them what they need to be in in an age of tech and an era that you know that we are working in today there is no reason that we are still making this as challenging as it needs to be concurred and rightly as you stated payroll is the single biggest liability that any service has from a cost point of view from an impact viewpoint on workers it is absolutely important that it’s done properly and on time so what we mean by that is not a day before not a day after on pay day and payments have to be done right it has the biggest destructive impact on people’s wellness and lots of other aspects if people aren’t paid uh I have actually always been impressed entering into this Market kind of the last five to 10 years is how little thanks the
The payroll team may not have been thanked for correctly processing payroll throughout a webinar. If anybody has been thanked, it would be terrific to hear their success story, whether it’s from all employees or not. Payroll is a crucial cycle, and people only see when things go wrong. However, when things go right, it’s seen as simply a regular task. This is how it’s viewed externally as well. Therefore, it is necessary to guarantee that jobs like Wi-Fi Global and other essential matters are done properly. Utilizing the very first Global Payments first payroll payment solution is an excellent preliminary action towards offering a thorough payroll option for employees worldwide. Standardization, worldwide processes, and minimizing the number of tools, platforms, and savings account needed for global payroll are crucial consider achieving organization success. While we don’t expect a hundred thousand thank yous within a payroll cycle, we do sometimes get a few grievances when things don’t go as planned. Ultimately, we don’t do it for the gratitude.
anyhow we understand how how essential a function it is which’s why we do it that’s why we get on with it and this is why we’re talking today about making it as simple as possible for everybody that’s involved in those processes and likewise so imagine sorry I’m simply I was just gon na say picture the amount of thanks you got if you could cover the amount of people that we cover within this webinar I make certain we’re discussing numerous thousands potentially Millions picture getting that numerous thank you notes um I indicate it ‘d be interesting to see how many Post-it notes you got however it would certainly be an interesting job trying to clean all those up for sure oh definitely I can’t think of the size of my my Outlook inbox if that was the case um you ‘d need days of the week to try to check out them and actually see what was going on and type of try to get back to everyone so carrying on appearance why do companies choose to primary separate checking account there are companies out there doing precisely this for particular nations and I have actually operated in a business or numerous services doing exactly that I can say it does not constantly feel efficient and it does produce more work I understand we’re not purposely doing that we’re not developing extra work for anybody where we don’t need to and anybody that’s handling that process I ‘d be interested to hear your ideas Johnny why do you believe that we’re doing that in in the in the quantity that we are I think numerous reasons one is it’s the requirement I think people have actually got so utilized to we need a new bank account we open an entity and rightly so you require it for payroll purposes but there are a number of markets where it’s not a requirement so I believe it’s just been the requirement and the standard individuals have actually adopted and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and numerous other methods um to to type of do it so I believe there’s a variety I believe this is a procedure that requires looking at it requires changing but ultimately people are extremely stuck to what they’re familiar
with best um modification is a hard thing we all don’t like modification um so I think it’s simply sort of moving away from the standard as we have actually said so yeah so it keeps a great deal of track of stuff um I understand certainly the benefits of having maintaining multiple checking account but there’s a substantial amount of complexity goes with establishing a bank account keeping it guaranteeing it can send out International transfers guaranteeing it’s set up with the right user accesses for specific people so the intricacy is huge but I believe the sincere answer is modification um individuals haven’t had the ability to change or haven’t had necessarily the knowledge to truly make that change into alternate Solutions besides opening a checking account I believe you’ve struck the nail on the head I think it is understanding you know and there is a component of resistance to alter but we have actually always done it that way is no genuine reason for not looking at the the benefits and the possibilities of moving on and moving into you understand what could practically be figured out to be the next Century or two there is a lot to track and this technique does present a number of difficulties um so Johnny might you inform
Expense Factors to consider and Can You Import Papaya Global Onto Another Papaya Globalcomputer …
The extensive functions of come at a cost,
Over the past few decades, the workforce has gone through a substantial transformation with the emergence of remote work, which has removed geographical restrictions on hiring. This has made it possible for organizations to hire skill from all over the world, enabling them to assemble the very best possible group for each role. As a result, workers have gotten higher flexibility to work from home and increase their profits without needing to relocate to pricey locations or commute fars away. According to a 2022 study, 87% of employees who have the choice to work from another location choose to do so. The COVID-19 pandemic, combined with developments in business connectivity software, has further accelerated the shift towards remote work, even in industries that were initially reluctant to adopt the pattern.
insights are valuable to us and and your fellow attendees so first things first though um let’s learn more about everybody my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Beauty to Aerospace in all kinds of companies start-up to matrixed environments across the globe I provided leadership and technique to populations of more than 100,000 workers on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya
Global I work throughout the business male maning and developing external relationships supporting Business customers and options and serving as a consultant I want 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 in-house legal group and in fact work really carefully with our um HR department as well to manage various legal and HR matters that turn 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 mission is to set you as HR experts totally free to do great
Although Papaya Global provides combinations with various HR and financing systems, we came across some obstacles during the integration procedure. Customizing the software application to align with our existing infrastructure showed to be more complex than prepared for, leading to hold-ups in the preliminary rollout.
The comprehensive functions used by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be excessively expensive. As a worldwide company, we had to thoroughly weigh the need for sophisticated functionality versus budget restrictions.
Support Action Time:
On occasion, our teams experienced issues that required urgent help. However, the reaction time from Papaya Global’s consumer support team was not constantly as timely as we would have liked, leading to hold-ups in fixing those problems.
Our application of involved a phased approach. We started by onboarding a couple of subsidiaries to check the system’s compatibility with our existing processes. This allowed us to recognize and attend to integration obstacles early on. As the software application ended up being more ingrained in our operations, we slowly expanded its use to cover our whole worldwide labor force.
The automated functions streamlined our payroll processes, reducing the time spent on manual computations and compliance tracking. Routine training sessions and continuous support from Papaya assisted our groups become skilled users of the software application, maximizing its capacity for our company.
However, paying a workforce can be intricate. It is particularly challenging for business who employ personnel throughout several countries, as they need to constantly combine various information streams, manually track local and national labor and regulations, and spend important time and resources to establish regional entities in new locations. These business are faced with suboptimal, costly alternatives, like opening a foreign subsidiary or employing an expert employment organization, which is a regional company that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of companies reported trouble hiring qualified workers, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is projected to reach $50.4 billion by 2030.
provides a solution supporting all kinds of work. It provides 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, uses management of employment benefits, and ensures information 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 workforce management. She co-founded after seeing the innovation space in international.
papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to go to the total webcast in order to receive your credits if you have any questions throughout the webcast please click the Q&A tab in your webinar controls and type the there a new tab will open in your internet browser with the webcast survey please make 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 discussion hey there and thank you for joining us today we’re enjoyed have you here as we embark on a journey of information to guideline achieving
360 degree employee compliance where we’ll dive into the vital elements of the worker compliance management design throughout the session we’ll check out real world challenges real local policies best 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 employees while staying compliant in an
Ever evolving regulative environment in the everchanging world of service and financing making sure compliance with payroll policies is not only vital but also a legal essential from the moment of hiring to the in intri complexities even sorry of termination every step along the staff member 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 complex landscape however also proactively ensure this 360 degree compliance the webinar is created to equip you with the understanding and tools needed to browse the complex Surface of compliance whether you’re a seasoned P specialist a small business owner or somebody brand-new to the field what I wish to do before we begin and I believe it’s actually crucial
In our mission to boost effectiveness and precision in handling our global workforce, our multinational corporation turned to, a leading and labor force management software. The shift aimed to streamline the complex job of handling across various nations, currencies, and compliance guidelines.
One of the standout functions of is its robust compliance management system. The software automatically updates itself to abide by ever-evolving tax and labor laws across multiple jurisdictions. This has actually been invaluable in guaranteeing that our procedures remain certified in each nation of operation.
is to state that the material here is not legal advice it is merely for your information please consult your legal group needs to you have any questions or issues in relation to anything that we have actually discussed today our key take crucial takeaways by the end of the webinar will be an understanding of employee compliance dangers how to work with ly with confidence how to streamline information management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.
act 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 need to help you pay those staff members and compensate them and benefits Administration module that enables you to help handle the benefits you offer to your workers so really excited to be here represent um bamb booy jar and speak about this topic um and I guess from my viewpoint I’ll I’ll probably provide a lot of a focus on the US side of things when we speak about type 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 inform the audience a little bit about papay global yes absolutely thank you Ian hey there everybody I’m Gina dorelis I’m the Work specialist manager.
at I manage 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 workers with regard to papaya we offer payroll payments and workforce management as a Service labor force supplier to workers serving in over.
160 countries okay 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 really actually great to actually see in the webinar chat where everyone’s actually attending from today I can see that we have people in Las Vegas and Indiana already so if you wish to continue tell where you are that would be absolutely great whilst we simply wait on everybody else to kind of like participate there we go Chicago as well well um so whil we’re doing that I’m waiting for everybody to kind of join I’ll simply run us through the agenda um today we are going to talk about working with Talent brand-new higher Information Management termination compliance and automation wow the chat has actually got really really hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely all over which is wonderful so uh I’m hoping that we’re really going to have some actually terrific commentary and concerns throughout the uh the webinar too okay so that’s the agenda then what I want to Now cover is the the compliance and the Privacy side of things so the the Journey of a staff member and their information is Can You Import Papaya Global Onto Another Papaya Globalcomputer complex without fail and an.
Ever progressing relationship that begins the moment an individual joins a company it continues throughout their work and Beyond this journey can be divided into k to several essential phases whilst we’re in fact you know that they’re employed with us so on boarding day-to-day operations settlement and benefits expert advancement then we get to the offboarding and even advocacy so it even occurs after the worker has left your work throughout the journey organizations are accountable for gathering keeping protecting staff member information in compliance with information personal privacy regulations no matter where it is you’re operating all over the world it frequently includes implementing safe and secure information management systems and ensuring strict adherence to regional requirements to protect both the employee and the company the evolution of staff member information and management c.