Papaya Global Year End 2022 Webinar 2024 – All You Need To Know

Payroll and payments  run efficiently …Papaya Global Year End 2022 Webinar

 

if they depend on the necessary multiple procedures systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the difficulties organization face when they’re paying to staff members or otherwise that’s a great concern I constantly throw this back and say what is it what doesn’t require to be included best and what does

it require to be thought of there’s differing 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 capabilities 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 complexity anywhere you look right eventually constructing a knowledge base is definitely critical but all over you look with payroll payment they resemble very payments no if however some babies about it you are all superheroes processing payments for payroll if you take a look at the type of link in between fintech and payroll it’s closer than ever I believe there’s now a bit more acknowledgment that payroll payments are definitely basic and innovation is allowing us to type of progress with that it also too to contribute to that payroll and finance need to work closer together um with differing Bank Account Details varying banking requirements and setup procedures is definitely vital that payroll and financing teams work more detailed together than ever um I’m constantly astonished when people say I’ve split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn’t work in the payroll profession would they divide the payroll payment from calculation 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 individuals anywhere they are but likewise paying statutory authorities and on statutory third parties so with the

world we live in and wellness being a growing number of essential to contribute to sort of the level of intricacy there’s a growing number of advantages being organ or being offered by organizations across the world so once again you’re just looking to add a growing number of payments to this currently complicated landscape so if you kind of got any experience well I’m from your large experience here and I make certain however have you got any experience in kind of real challenges or real challenging type of pay uses to play to pay individuals I believe yeah I imply over the last well yeah a couple of decades I would absolutely say that the larger an organization gets the more it tends to segregate the payroll and the payments works um there are groups doing one part of the task there are teams feeding details into the next function as it were that’s in fact handling the payment side of things however you know in in my viewpoint and my experience that does not always need to be the case you know 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 prompt they make them less efficient and they do not make them what they require to be in in a period of tech and an age that you know that we are working in today there is no reason we are still making this as challenging as it requires to be agreed and rightly as you stated payroll is the single greatest liability that any business has from a cost point of view from an impact viewpoint on workers it is absolutely vital that it’s done properly and on time so what we indicate by that is not a day before not a day after on pay day and payments need to be done right it has the biggest destructive impact on people’s well-being and many other aspects if individuals aren’t paid uh I’ve always been amazed entering this Market kind of the last 5 to ten years is how little thanks the

payroll group get um so I’m not sure anyone on this type of webinar has actually been informed thank you for processing my payroll properly if you have it ‘d be fantastic to hear your success story and whether that’s been from all workers or not um but eventually payroll is such a crucial cycle we all find out about it when it goes wrong everybody jumps up and down when it goes wrong but when it goes right it’s simply a tick box workout and I think that’s how it’s seen from the external view as well um so yeah it’s likewise like why WI-Fi Global why all of this things is absolutely important that all of this stuff is done correctly so leveraging the first Global Payments very first payroll payment option is a fantastic initial step um providing an end-to-end payroll option for your staff members globally again I believe is another huge um process once again lining up and ensuring you have standardization International procedures all of those things are definitely key to success success of organizations and decreasing the number of tools platforms and bank accounts they require for their Global payroll too could not agree with you more and on the the front in terms of of the thank yous for getting payroll done I’ve never ever had a hundred countless them within a payroll cycle do not expect to you do get the odd five or ten 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 in fact doing that for for the thanks

anyhow we understand 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 everyone that’s involved in those processes and also so think of sorry I’m just I was simply gon na state picture the quantity of thanks you got if you could cover the quantity of individuals that we cover within this webinar I’m sure we’re discussing hundreds of thousands possibly Millions envision getting that many thank you notes um I imply it ‘d be interesting to see the number of Post-it notes you got however it would definitely be a fascinating job attempting to clean up 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 check out them and actually see what was going on and type of shot to get back to everyone so carrying on appearance why do companies choose to main separate bank accounts there are companies out there doing precisely this for specific nations and I’ve operated in a company or lots of businesses doing precisely that I can say it doesn’t constantly feel effective and it does create more work I understand we’re not deliberately doing that we’re not developing additional work for any person where we don’t need to and anybody that’s managing that process I ‘d be interested to hear your thoughts Johnny why do you believe that we’re doing that in in the in the quantity that we are I believe lots of reasons one is it’s the standard I think individuals have actually got so utilized to we need a brand-new savings account we open an entity and appropriately so you need it for payroll functions however there are a number of markets where it’s not a requirement so I believe it’s simply been the standard and the standard the people have actually adopted and continue to do over years and years gone past to contribute to that individuals have actually looked at things like trust accounts and numerous other ways um to to kind of do it so I believe there’s a range I believe this is a procedure that requires looking at it needs altering but ultimately people are really stuck with what they’re familiar

with right um change is a hard thing we all don’t like modification um so I believe it’s just kind of moving away from the norm as we have actually said so yeah so it keeps a lot of track of stuff um I comprehend obviously the advantages of having maintaining several bank accounts however there’s a huge quantity of intricacy chooses establishing a savings account maintaining it ensuring it can send International transfers guaranteeing it’s established with the right user accesses for specific people so the complexity is huge but I believe the sincere answer is modification um people have not had the ability to change or haven’t had always the understanding to actually make that change into alternate Solutions besides opening a savings account I think you’ve struck the nail on the head I think it is understanding you know and there is an aspect of resistance to change but we’ve constantly done it that way is no real excuse for not looking at the the benefits and the possibilities of moving on and moving into you understand what could almost be figured out to be the next Century or two there is a lot to track and this technique does pose numerous difficulties um so Johnny could you tell

 

 

Cost Factors to consider and Papaya Global Year End 2022 Webinar …
The detailed features of come at a cost,

 

Recent decades have seen a significant change to the labor force as the increase of remote work has broken down geographical barriers to employing. Companies can now hire personnel from anywhere worldwide, allowing them to access the very best available talent for any provided role. This provides employees more liberty to work from home and increase their earnings without transferring to costly areas or commuting cross countries. A 2022 study discovered 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 new business connectivity software application, sped up the transfer to remote work, including in industries formerly hesitant to embrace the pattern.

insights are valuable to us and and your fellow attendees so first things first 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 have actually had roles in all type of Industries retail and Beauty to Aerospace in all kinds of companies startup to matrixed environments across the globe I offered management and method to populations of more than 100,000 staff members on a regular monthly basis and in over 170 countries today I’m the perel strategist for papaya

Global I work throughout business male maning and building external relationships supporting Enterprise customers and services and acting as an advisor I want to present our first Greg um guest Greg who will kick things off by informing us um who he is and a 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 group and in fact work really carefully with our um HR department as well to handle various legal and HR matters that turn up so truly thrilled to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our objective is to set you as HR specialists complimentary to do excellent

integration Difficulties:
While Papaya Global offers integrations with numerous HR and finance systems, the execution process was not without challenges. Incorporating the software application with our existing infrastructure required additional customization, leading to some delays in the initial rollout.

Paying FAQs Papaya Global Year End 2022 Webinar 2024

and some smaller subsidiaries within our company discovered the pricing to be on the greater side. As a worldwide business, stabilizing the requirement for advanced functions with budget plan restraints became a fragile exercise.
Consumer Assistance Response Time:
There were circumstances where our teams dealt with problems that required timely help. However, the reaction time from’s client assistance group was not constantly as quick as preferred, leading to occasional delays in issue resolution.

Our implementation of included a phased approach. We began by onboarding a few subsidiaries to test the system’s compatibility with our existing processes. This permitted us to determine and address combination challenges early on. As the software application became more ingrained in our operations, we gradually expanded its usage to cover our entire worldwide labor force.

The automated functions structured our payroll procedures, minimizing the time spent on manual estimations and compliance tracking. Routine training sessions and continuous assistance from Papaya helped our teams end up being proficient users of the software, optimizing its potential for our organization.

Companies that staff member workers across several countries typically face complex difficulties when it concerns managing their labor force. One of the biggest difficulties is combining various information streams and sticking to varied regional and national labor regulations, which can be both lengthy and costly. Moreover, establishing regional entities in brand-new regions can be a pricey and suboptimal alternative, with options such as opening a foreign subsidiary or employing an expert work organization (PEO) often charging up to 15% of the payroll. These obstacles have resulted in a considerable increase in problem hiring certified workers, with 75% of employers reporting this issue in 2022, a 21% increase from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

provides an option supporting all forms of employment. It offers an end-to-end platform, from worker onboarding and ongoing management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they run, provides management of employment benefits, and makes sure information personal 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 labor force 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 attend the complete 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 brand-new tab will open in your browser with the webcast study 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 presentation hi and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to policy accomplishing

360 degree worker compliance where we’ll dive into the necessary aspects of the employee compliance management model throughout the session we’ll explore real world challenges genuine local guidelines best practices and the function of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to safeguard your organization and workers while remaining compliant in an

Ever progressing regulative environment in the everchanging world of service and financing guaranteeing compliance with payroll regulations is not just essential however likewise a legal important from the minute of hiring to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance risks that have significant effects however with a much deeper more nuanced understanding of their responsibilities organizations can not only browse the elaborate landscape but likewise proactively ensure this 360 degree compliance the webinar is created to equip you with the knowledge and tools necessary to navigate the complex Terrain of compliance whether you’re a skilled P professional a small business owner or someone new to the field what I wish to do before we start and I believe it’s truly important

In our mission to boost efficiency and precision in managing our global workforce, our multinational corporation turned to, a leading and labor force management software. The shift intended to streamline the complex job of managing throughout various countries, currencies, and compliance guidelines.

The Great:

Compliance Management:
Among the standout features of is its robust compliance management system. The software application automatically updates itself to comply with ever-evolving tax and labor laws throughout numerous jurisdictions. This has actually been important in ensuring that our processes stay certified in each country of operation.

is to state that the content here is not legal recommendations it is merely for your info please consult your legal group should you have any concerns or concerns in relation to anything that we’ve discussed today our key take essential takeaways by the end of the webinar will be an understanding of staff member compliance dangers how to employ ly with confidence how to simplify information management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we have actually.

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 staff member in addition to a payroll module we need to help you pay those employees and compensate them and benefits Administration module that permits you to assist manage the advantages you offer to your workers so truly thrilled to be here represent um bamb booy jar and discuss this subject um and I think from my viewpoint I’ll I’ll probably provide a great deal of a focus on the United States side of things when we discuss sort of compliance so happy 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 little bit about papay international yes absolutely thank you Ian hello everyone I’m Gina dorelis I’m the Work expert supervisor.

at I manage the employment Council in the United States APAC EMA and Israel area I also function as us Council for I’m accredited in New york city and New Jersey um we guarantee compliance onboarding and offboarding of workers with regard to papaya we offer payroll payments and labor force management as a Service labor force company to workers serving in over.

160 nations fine 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 intro so it’s actually really great to in fact see in the webinar chat where everybody’s in fact participating in from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to continue inform where you are that would be definitely wonderful whilst we just wait on everybody else to type of like join in there we go Chicago too well um so whil we’re doing that I’m awaiting everybody to kind of join I’ll just run us through the program um today we are going to talk about working with Talent brand-new higher Info Management termination compliance and automation wow the chat has actually got truly truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from absolutely everywhere which is great so uh I’m hoping that we’re actually going to have some actually great commentary and concerns throughout the uh the webinar also alright so that’s the program then what I want to Now cover is the the compliance and the Privacy side of things so the the Journey of an employee and their data is Papaya Global Year End 2022 Webinar diverse without fail and an.

Ever evolving relationship that begins the moment a person signs up with an organization it continues throughout their employment and Beyond this journey can be divided into k to several essential phases whilst we’re actually you know that they’re employed with us so on boarding day-to-day operations compensation and benefits professional 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 storing protecting staff member data in compliance with information privacy guidelines no matter where it is you’re running worldwide it frequently involves carrying out safe information management systems and ensuring stringent adherence to local requirements to safeguard both the employee and the company the evolution of worker information and management c.