Payroll and payments run smoothly …Does Papaya Global Payroll Have An Employee Handbook
if they depend on the essential numerous processes systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the challenges organization face when they’re making payments to employees or otherwise that’s a great 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 thought about there’s varying Bank information so the length of an eye band a swift an account number routing code per country 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 have to pay from the customer’s own in-country account so there’s complexity any place you look best eventually building a knowledge base is definitely crucial but all over you look with payroll payment they are like super payments no if but some children about it you are all superheroes processing payments for payroll if you look at the sort of link between fintech and payroll it’s closer than ever I think there’s now a bit more acknowledgment that payroll payments are definitely basic and innovation is enabling us to kind of progress with that it likewise too to contribute to that payroll and financing require to work closer together um with varying Checking account Particulars varying banking requirements and setup processes is absolutely essential that payroll and finance groups work closer together than ever um I’m constantly surprised when people state I’ve split payroll and payment um if you walk down the street and asked anybody what is payroll who does not work in the payroll profession would they divide the payroll payment from estimation I would say no so why do we as a market accept that why our payroll and payments so frequently split and cut up um eventually it’s payroll is an end-to-end process it’s the point of data collection all the way through to paying people anywhere they are however also paying statutory authorities and on statutory third parties so with the
world we live in and well-being being more and more essential to contribute to type of the level of complexity there’s increasingly more advantages being organ or being provided by businesses across the world so again you’re just seeking to add more and more payments to this currently complicated landscape so if you type of got any experience well I’m from your huge experience here and I’m sure but have you got any experience in kind of real difficulties or real difficult type of pay utilizes to play to pay individuals I believe yeah I imply over the last well yeah a number of decades I would certainly state that the larger a business gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the task there are groups feeding details into the next function as it were that’s actually handling the payment side of things however you understand in in my viewpoint and my experience that doesn’t always require to be the case you know long gone are the times where we need to produce additional handoffs at the same times that we run in they simply make them more timely they make them less efficient and they don’t make them what they need to be in in a period of tech and an era that you know that we are operating in today there is no reason that we are still making this as difficult as it requires to be agreed and rightly as you said payroll is the single most significant liability that any organization has from a cost viewpoint from an impact perspective on staff members it is definitely crucial that it’s done correctly and on time so what we imply by that is not a day before not a day after on pay day and payments have to be done right it has the most significant destructive result on people’s wellness and lots of other factors if individuals aren’t paid uh I have actually constantly been amazed coming into this Market kind of the last 5 to 10 years is how little thanks the
payroll group get um so I’m not exactly sure anybody on this type of webinar has actually been informed thank you for processing my payroll correctly if you have it ‘d be excellent to hear your success story and whether that’s been from all workers or not um however ultimately payroll is such an essential cycle all of us find out about it when it fails everybody jumps up and down when it fails however when it goes right it’s simply a tick box exercise and I believe that’s how it’s seen from the external consider as well um so yeah it’s likewise like why WI-Fi Global why all of this things is definitely essential that all of this stuff is done correctly so leveraging the very first International Payments very first payroll payment service is a great initial step um providing an end-to-end payroll solution for your employees globally again I think is another big um process again lining up and ensuring you have standardization Worldwide procedures all of those things are absolutely essential to success success of companies and minimizing the number of tools platforms and savings account they require for their Worldwide payroll too couldn’t agree with you more and on the the front in terms of of the thank yous for getting payroll done I have actually never had a hundred thousand of them within a payroll cycle don’t anticipate to you do get the odd five or 10 or whatever it might be with the with the the complaints where things have not gone quite where they’re meant to be um I do not believe any of us are actually doing that for for the thanks
anyway we know how how essential a role 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 associated with those processes and likewise so think of sorry I’m simply I was just gon na say imagine the quantity of thanks you got if you could cover the quantity of people that we cover within this webinar I make certain we’re speaking about hundreds of thousands potentially Millions picture getting that lots of thank you keeps in mind um I indicate it ‘d be interesting to see how many Post-it notes you got however it would certainly be an intriguing job trying to clean all those up for sure oh absolutely I can’t envision the size of my my Outlook inbox if that held true um you ‘d need days of the week to attempt to look through them and in fact see what was going on and sort of shot to get back to everyone so moving on look why do companies pick to main separate bank accounts there are businesses out there doing exactly this for particular countries and I’ve worked in a company or lots of organizations doing exactly that I can state it does not constantly feel efficient and it does produce more work I understand we’re not deliberately doing that we’re not developing extra work for anyone where we don’t need to and any person that’s handling that procedure 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 believe many reasons one is it’s the requirement I think people have got so used to we need a brand-new bank account we open an entity and appropriately so you require it for payroll functions but there are a number of markets where it’s not a requirement so I think it’s just been the requirement and the standard individuals have actually adopted and continue to do over years and years gone past to add to that individuals have actually taken a look at things like trust accounts and numerous other ways um to to type of do it so I believe there’s a range I think this is a procedure that requires looking at it requires changing however eventually individuals are very stuck to what they recognize
with right um modification is a difficult thing we all don’t like modification um so I think it’s simply type of moving away from the norm as we have actually said so yeah so it keeps a great deal of track of stuff um I understand certainly the advantages of having maintaining several bank accounts however there’s a substantial quantity of complexity opts for setting up a savings account maintaining it ensuring it can send International transfers ensuring it’s set up with the ideal user accesses for private people so the complexity is substantial however I think the sincere response is change um people haven’t had the ability to alter or have not had necessarily the understanding to truly make that change into alternate Solutions aside from opening a checking account I believe you have actually hit the nail on the head I believe it is knowledge you know and there is a component of resistance to alter but we’ve constantly done it that way is no genuine reason for not looking at the the benefits and the possibilities of proceeding and moving into you know what could almost be identified to be the next Century or two there is a lot to track and this method does present numerous obstacles um so Johnny might you inform
Cost Considerations and Does Papaya Global Payroll Have An Employee Handbook …
The extensive functions of come at a cost,
Current years have actually seen a remarkable change to the workforce as the increase of remote work has actually broken down geographical barriers to employing. Businesses can now employ staff from anywhere worldwide, permitting them to access the very best available skill for any offered function. This gives workers more freedom to work from home and increase their earnings without relocating to expensive locations or commuting cross countries. A 2022 study found that 87% of staff members who have the opportunity to work from another location take that opportunity. The break out of COVID-19, in conjunction with new enterprise connectivity software application, accelerated the transfer to remote work, including in industries previously hesitant to embrace the pattern.
insights are important to us and and your fellow guests so first things initially though um let’s learn more about everybody my name is Ian Charles and I’ve operated in payroll for the last 25 years I’ve had functions in all kind of Industries retail and Appeal to Aerospace in all kinds of organizations start-up to matrixed environments around the world I provided management and strategy to populations of more than 100,000 employees on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya
International I work throughout the business guy maning and developing external relationships supporting Enterprise customers and options 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 business counsil at bambo HR so I lead our internal legal team and really work very closely with our um HR department also to deal with numerous legal and HR matters that turn up so truly delighted to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we say our objective is to set you as HR experts free to do fantastic
Although Papaya Global provides integrations with different HR and finance systems, we experienced some hurdles throughout the combination process. Customizing the software application to align with our existing facilities proved to be more intricate than expected, resulting in delays in the preliminary rollout.
The substantial features offered by Papaya Global come at an expense, which a few of our smaller subsidiaries found to be prohibitively costly. As an international company, we had to thoroughly weigh the requirement for innovative functionality versus budget restrictions.
Support Action Time:
On occasion, our teams experienced issues that required urgent assistance. Nevertheless, the response time from Papaya Global’s customer assistance group was not constantly as prompt as we would have liked, resulting in hold-ups in resolving those problems.
Our execution of involved a phased method. We began by onboarding a couple of subsidiaries to test the system’s compatibility with our existing processes. This permitted us to recognize and deal with integration difficulties early on. As the software application ended up being more ingrained in our operations, we slowly broadened its use to cover our entire international workforce.
The automated features structured our payroll processes, decreasing the time spent on manual estimations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups become competent users of the software application, optimizing its capacity for our company.
However, paying a labor force can be intricate. It is especially challenging for companies who utilize personnel throughout multiple nations, as they must continuously combine various data streams, by hand track regional and national labor and guidelines, and invest important time and resources to set up local entities in brand-new areas. These companies are confronted with suboptimal, expensive options, like opening a foreign subsidiary or working with a professional employment company, which is a local firm that hires employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported problem recruiting certified 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.
offers an option supporting all forms of work. It offers an end-to-end platform, from employee onboarding and ongoing management to worldwide payments and. It assists business with labor law compliance in the jurisdictions in which they run, uses management of work advantages, and makes sure 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 gap in international.
papaya this webcast has actually 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 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 browser with the webcast survey please make sure to finish 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 hello and thank you for joining us today we’re thrilled to have you here as we start a journey of information to policy attaining
360 degree staff member compliance where we’ll dive into the important elements of the worker compliance management design throughout the session we’ll explore real life challenges genuine local guidelines finest practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your company and staff members while remaining certified in an
Ever evolving regulative environment in the everchanging world of company and financing making sure compliance with payroll regulations is not just crucial but likewise a legal essential from the minute of hiring to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance dangers that have significant repercussions however with a deeper more nuanced understanding of their commitments companies can not only browse the detailed landscape however likewise proactively ensure this 360 degree compliance the webinar is designed to equip you with the knowledge and tools essential to navigate the complex Terrain of compliance whether you’re a skilled P specialist a small company owner or someone new to the field what I would like to do before we start and I believe it’s truly important
In our mission to enhance efficiency and accuracy in handling our worldwide labor force, our multinational corporation turned to, a leading and workforce management software application. The shift intended to streamline the complex job of managing across various countries, currencies, and compliance guidelines.
Among the standout functions of is its robust compliance management system. The software application automatically updates itself to follow ever-evolving tax and labor laws throughout several jurisdictions. This has actually been important in guaranteeing that our procedures stay certified in each nation of operation.
is to state that the material here is not legal guidance it is merely for your details please consult your legal team should you have any concerns or concerns in relation to anything that we have actually discussed today our secret take crucial takeaways by the end of the webinar will be an understanding of worker compliance dangers how to employ ly with confidence how to streamline data management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we’ve.
work as your hris or is sort 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 have to help you pay those workers and compensate them and advantages Administration module that enables you to help handle the benefits you provide to your employees so truly delighted to be here represent um bamb booy container and speak about this subject um and I think from my perspective I’ll I’ll probably supply a lot of a concentrate on the US side of things when we discuss type of compliance so delighted to be here thanks for having me Ian alright 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 hello everybody I’m Gina dorelis I’m the Work specialist manager.
at I manage the work Council in the US APAC EMA and Israel area I also function as us Council for I’m accredited in New York and New Jersey um we ensure compliance onboarding and offboarding of employees with regard to papaya we provide payroll payments and workforce management as a Service labor force provider to workers serving in over.
160 nations fine thank you so both I feel completely underqualified sitting here with you both well I forgot to discuss as we were type of like going through the intro so it’s truly really nice to really 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 want to continue tell where you are that would be definitely fantastic whilst we just await everyone else to type of like take part there we go Chicago as well well um so whil we’re doing that I’m awaiting everybody to kind of join I’ll just run us through the agenda um today we are going to talk about working with Skill brand-new higher Information Management termination compliance and automation wow the chat has actually 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 great so uh I’m hoping that we’re in fact going to have some actually terrific commentary and concerns throughout the uh the webinar also fine 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 Does Papaya Global Payroll Have An Employee Handbook multifaceted without fail and an.
Ever developing 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 key phases whilst we’re actually you understand that they’re utilized with us so on boarding day-to-day operations payment and benefits expert advancement then we get to the offboarding and even advocacy so it even takes place after the employee has actually left your work throughout the journey companies are accountable for collecting saving securing worker information in compliance with data personal privacy regulations no matter where it is you’re running around the world it frequently includes executing safe data management systems and ensuring rigorous adherence to local requirements to secure both the worker and the company the advancement of employee information and management c.