Payroll and payments run efficiently …Does Papaya Global Payroll Have A Mobile App
if they depend on the needed several processes systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the difficulties business face when they’re making payments to staff members or otherwise that’s a good question I always toss this back and say what is it what doesn’t require to be consisted of best and what does
it need to be thought about there’s differing Bank details so the length of an eye band a swift an account number routing code per nation there’s payment timespan 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 consumer’s own in-country account so there’s complexity any place you look best eventually developing a knowledge base is absolutely important but everywhere you look with payroll payment they resemble super payments no if however some infants about it you are all superheroes processing payments for payroll if you take a 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 absolutely fundamental and technology is enabling us to type of move on with that it also as well to contribute to that payroll and financing require to work closer together um with differing Savings account Particulars differing banking requirements and setup processes is absolutely imperative that payroll and financing groups work closer together than ever um I’m always astonished when individuals say I have actually 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 split the payroll payment from estimation I would say no so why do we as an industry 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 wherever they are however also paying statutory authorities and on statutory third parties so with the
world we reside in and well-being being increasingly more essential to contribute to sort of the level of intricacy there’s a growing number of advantages being organ or being used by services across the world so once again you’re just looking to include increasingly more payments to this currently complex landscape so if you type 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 genuine challenges or real difficult kind of pay uses to play to pay individuals I think yeah I mean over the last well yeah a number of decades I would definitely say that the larger a company gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the task there are groups feeding information into the next function as it were that’s actually handling the payment side of things but you understand in in my opinion and my experience that doesn’t necessarily require to be the case you understand long gone are the times where we need to create extra handoffs while doing sos that we operate in they just make them more timely they make them less efficient and they do not make them what they need to be in in an age of tech and a period that you understand that we are working in today there is no reason why we are still making this as tough as it needs to be concurred and rightly as you stated payroll is the single greatest liability that any business has from an expense perspective from an effect viewpoint on employees it is definitely important that it’s done properly and on time so what we imply by that is not a day before not a day after on pay day and payments need to be done right it has the most significant damaging impact on people’s wellness and numerous other aspects if people aren’t paid uh I have actually constantly been amazed coming into this Market type of the last five to ten years is how little thanks the
payroll group get um so I’m uncertain anyone on this type of webinar has actually been informed thank you for processing my payroll properly if you have it ‘d be great to hear your success story and whether that’s been from all workers or not um however eventually payroll is such an essential cycle we all become aware of it when it fails everyone jumps up and down when it fails but when it goes right it’s just a tick box exercise and I believe that’s how it’s seen from the external deem well um so yeah it’s likewise like why WI-Fi Global why all of this stuff is absolutely essential that all of this things is done properly so leveraging the very first International Payments first payroll payment service is a great first step um offering an end-to-end payroll solution for your employees globally once again I think is another huge um process again lining up and guaranteeing you have standardization Worldwide processes all of those things are absolutely crucial to success success of businesses and reducing the variety of tools platforms and bank accounts they require for their International 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 have actually never had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or 10 or whatever it might be with the with the the problems where things have not gone rather where they’re suggested to be um I don’t think any of us are really doing that for for the thanks
anyway we understand how how important 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 easy as possible for everyone that’s associated with those processes and also so envision sorry I’m simply I was simply gon na say think of the quantity of thanks you got if you could cover the quantity of people that we cover within this webinar I make sure we’re speaking about hundreds of thousands potentially Millions imagine getting that lots of thank you notes um I mean it ‘d be interesting to see the number of Post-it notes you got but it would certainly be a fascinating job trying to clean up all those up for sure oh absolutely I can’t imagine the size of my my Outlook inbox if that held true um you ‘d require days of the week to attempt to look through them and in fact see what was going on and sort of try to get back to everybody so moving on appearance why do business select to main different bank accounts there are services out there doing precisely this for particular nations and I have actually operated in a service or numerous services doing precisely that I can state it doesn’t always feel efficient and it does produce more work I know we’re not deliberately doing that we’re not developing additional work for anyone where we don’t have to and any person that’s managing that procedure I ‘d be interested to hear your thoughts Johnny why do you believe that we’re doing that in in the in the amount that we are I think many factors one is it’s the requirement I think people have actually got so used to we need a brand-new savings account we open an entity and rightly so you require it for payroll functions but there are a variety of markets where it’s not a requirement so I believe it’s simply been the requirement and the standard the people have actually embraced 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 type of do it so I think there’s a variety I believe this is a procedure that needs looking at it needs changing but eventually people are extremely stuck to what they recognize
with ideal um change is a difficult thing we all do not like change um so I believe it’s just type of moving away from the norm as we’ve said so yeah so it keeps a lot of track of things um I comprehend certainly the benefits of having preserving multiple savings account but there’s a big amount of complexity goes with setting up a checking account keeping it guaranteeing it can send out International transfers guaranteeing it’s set up with the best user accesses for specific individuals so the intricacy is big but I think the truthful response is modification um people have not had the ability to alter or have not had always the knowledge to truly make that change into alternate Solutions other than opening a checking account I believe you’ve hit the nail on the head I think it is understanding you understand and there is a component of resistance to change but we’ve constantly done it that way is no genuine reason for not looking at the the advantages and the possibilities of proceeding and moving into you know what might nearly be figured out to be the next Century or two there is a lot to monitor and this approach does pose numerous challenges um so Johnny could you tell
Expense Factors to consider and Does Papaya Global Payroll Have A Mobile App …
The comprehensive features of come at an expense,
Over the past few years, the labor force has actually gone through a considerable improvement with the introduction of remote work, which has gotten rid of geographical restraints on hiring. This has made it possible for companies to recruit talent from all over the world, permitting them to assemble the best possible group for each role. As a result, workers have gotten higher versatility to work from home and increase their incomes without needing to relocate to costly locations or commute cross countries. According to a 2022 study, 87% of employees who have the choice to work remotely select to do so. The COVID-19 pandemic, integrated with developments in business connectivity software, has even more accelerated the shift towards remote work, even in industries that were at first hesitant to adopt the trend.
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 operated in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Beauty to Aerospace in all types of organizations start-up to matrixed environments around the world I offered leadership and method to populations of more than 100,000 staff members on a monthly basis and in over 170 nations today I’m the perel strategist for papaya
International I work throughout the business male maning and constructing external relationships supporting Enterprise customers and services and acting as an advisor I ‘d like to present our very first Greg um visitor 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 in fact work very closely with our um HR department also to deal with numerous legal and HR matters that come up so truly delighted to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our mission is to set you as HR specialists totally free to do excellent
Although Papaya Global offers integrations with different HR and financing systems, we encountered some difficulties throughout the integration process. Personalizing the software to align with our existing facilities proved to be more complex than expected, leading to delays in the initial rollout.
The extensive features offered by Papaya Global come at an expense, which some of our smaller subsidiaries found to be excessively pricey. As a worldwide organization, we needed to carefully weigh the need for innovative functionality versus budget constraints.
Support Response Time:
On occasion, our teams experienced issues that needed urgent help. However, the response time from Papaya Global’s consumer support team was not always as timely as we would have liked, leading to hold-ups in dealing with those concerns.
Our application of included a phased approach. We started by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This enabled us to recognize and attend to combination obstacles early on. As the software application became more instilled in our operations, we slowly expanded its usage to cover our entire global workforce.
The automated functions streamlined our payroll procedures, minimizing the time spent on manual computations and compliance tracking. Regular training sessions and continuous support from Papaya helped our groups end up being competent users of the software, optimizing its potential for our organization.
However, paying a workforce can be complex. It is especially challenging for companies who use staff across several nations, as they should constantly consolidate different data streams, by hand track regional and nationwide labor and guidelines, and spend important time and resources to set up local entities in new areas. These business are faced with suboptimal, costly choices, like opening a foreign subsidiary or working with a professional employment organization, which is a local company that works with workers on their behalf and can charge up to 15% of. By 2022, 75% of companies reported problem hiring certified workers, 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.
provides a solution supporting all forms of work. It supplies an end-to-end platform, from worker onboarding and continuous management to worldwide payments and. It assists business with labor law compliance in the jurisdictions in which they operate, uses management of employment advantages, and ensures 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 workforce management. She co-founded after seeing the innovation gap in global.
papaya this webcast has been pre-approved for hrci and Sherm credit please make certain to participate in the complete 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 brand-new tab will open in your browser with the webcast study please make sure 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 enjoyed have you here as we embark on a journey of information to regulation achieving
360 degree worker compliance where we’ll dive into the vital elements of the worker compliance management model throughout the session we’ll check out real life difficulties real regional policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in an extensive understanding of how to protect your company and workers while remaining certified in an
Ever progressing regulatory environment in the everchanging world of company and financing ensuring compliance with payroll regulations is not only important however also a legal important from the moment of hiring to the in intri intricacies even sorry of termination every step along the employee journey is Frau with compliance dangers that have far-reaching consequences nevertheless with a deeper more nuanced understanding of their obligations companies can not just browse the elaborate landscape but also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the understanding and tools needed to browse the complex Surface of compliance whether you’re a skilled P professional a small company owner or somebody new to the field what I would like to do before we start and I think it’s truly important
In our mission to boost performance and accuracy in managing our global labor force, our multinational corporation turned to, a leading and workforce management software. The transition intended to simplify the complex job of handling across numerous nations, currencies, and compliance guidelines.
Among the standout functions of is its robust compliance management system. The software instantly updates itself to stick to ever-evolving tax and labor laws throughout numerous jurisdictions. This has actually been vital in making sure that our processes stay certified in each country of operation.
is to state that the content here is illegal guidance it is simply for your info please consult your legal group must you have any concerns or concerns in relation to anything that we have actually gone over today our key take essential takeaways by the end of the webinar will be an understanding of worker compliance risks how to employ ly with self-confidence how to simplify data management and automation so let’s take ourselves a minute to familiarize ourselves with the webinar platform once again as we have actually.
act as your hris or is sort of your core staff member record um to manage 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 handle the benefits you supply to your workers so truly thrilled to be here represent um bamb booy jar and discuss this subject um and I guess from my perspective I’ll I’ll most likely supply a great deal of a concentrate on the US side of things when we discuss 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 present yourself and inform the audience a little bit about papay worldwide yes definitely thank you Ian hello everybody I’m Gina dorelis I’m the Employment specialist manager.
at I handle the work Council in the United States APAC EMA and Israel region I also function as us Council for I’m accredited in New York and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we provide payroll payments and labor force management as a Service work force provider to workers serving in over.
160 countries alright thank you so both I feel completely underqualified sitting here with you both well I forgot to discuss as we were sort of like going through the intro so it’s truly actually good to in fact see in the webinar chat where everyone’s in fact participating in from today I can see that we have people in Las Vegas and Indiana already so if you wish to continue inform where you are that would be absolutely fantastic whilst we simply await everyone else to kind of like participate in there we go Chicago too well um so whil we’re doing that I’m waiting on everyone to type of join I’ll simply run us through the program um today we are going to go over employing Skill brand-new higher Details Management termination compliance and automation wow the chat has actually got truly actually busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from absolutely all over which is fantastic so uh I’m hoping that we’re actually going to have some actually fantastic commentary and questions throughout the uh the webinar also fine so that’s the program 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 Does Papaya Global Payroll Have A Mobile App complex without fail and an.
Ever progressing relationship that starts the moment a person signs up with a company it continues throughout their work and Beyond this journey can be divided into k to a number of crucial stages whilst we’re really you know that they’re used with us so on boarding everyday operations compensation and advantages professional advancement then we get to the offboarding and even advocacy so it even takes place after the staff member has actually left your work throughout the journey organizations are accountable for collecting storing protecting employee information in compliance with data personal privacy guidelines no matter where it is you’re operating around the globe it often involves executing protected information management systems and guaranteeing rigorous adherence to regional requirements to safeguard both the employee and the organization the advancement of worker data and management c.