Payroll and payments run efficiently …Papaya Global Customer Success Manager
if they count on the necessary numerous procedures systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the obstacles company face when they’re paying to employees or otherwise that’s an excellent question I constantly throw 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 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 have to pay from an in-country account do you have to pay from the customer’s own in-country account so there’s intricacy wherever you look ideal eventually developing a knowledge base is absolutely critical however everywhere you look with payroll payment they resemble incredibly payments no if however some infants about it you are all superheroes processing payments for payroll if you look at the kind 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 essential and technology is allowing us to type of move forward with that it also also to add to that payroll and financing need to work closer together um with varying Savings account Details differing banking requirements and setup processes is absolutely crucial that payroll and finance teams work more detailed together than ever um I’m constantly amazed when individuals state I have actually divided payroll and payment um if you stroll down the street and asked anybody what is payroll who doesn’t operate in the payroll profession would they split 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 ultimately it’s payroll is an end-to-end process it’s the point of information collection all the way through to paying individuals anywhere they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being increasingly more important to add to sort of the level of complexity there’s increasingly more benefits being organ or being provided by businesses throughout the world so once again you’re just seeking to include increasingly more payments to this already intricate landscape so if you type of got any experience well I’m from your huge experience here and I make certain but have you got any experience in kind of genuine obstacles or genuine difficult kind of pay uses to play to pay individuals I believe yeah I indicate over the last well yeah a couple of decades I would certainly say that the bigger a service gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the task there are groups feeding information into the next function as it were that’s in fact managing the payment side of things however you know in in my viewpoint and my experience that does not necessarily require to be the case you understand long gone are the times where we need to produce extra handoffs while doing sos that we operate in they simply make them more timely they make them less effective and they don’t make them what they require to be in in a period of tech and a period that you understand that we are operating in today there is no reason why we are still making this as tough as it requires to be agreed and rightly as you said payroll is the single biggest liability that any organization has from a cost viewpoint from an impact point of view 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 greatest damaging result on people’s well-being and lots of other elements if people aren’t paid uh I’ve always been impressed entering this Market sort of the last five to ten years is how little thanks the
The payroll group may not have actually been thanked for properly processing payroll throughout a webinar. If anybody has been thanked, it would be excellent to hear their success story, whether it’s from all workers or not. Payroll is an essential cycle, and individuals only discover when things fail. However, when things go right, it’s seen as simply a regular job. This is how it’s perceived externally also. For that reason, it is essential to make sure that tasks like Wi-Fi International and other vital matters are done correctly. Utilizing the first International Payments first payroll payment solution is a great initial step towards supplying a detailed payroll solution for staff members worldwide. Standardization, international procedures, and lowering the number of tools, platforms, and checking account necessary for global payroll are key factors in achieving service success. While we don’t anticipate a hundred thousand thank yous within a payroll cycle, we do sometimes get a few problems when things do not go as planned. Eventually, we do not do it for the thankfulness.
anyway we know how how crucial 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 procedures and likewise so envision sorry I’m just I was just gon na say imagine the quantity of thanks you got if you might cover the amount of individuals that we cover within this webinar I’m sure we’re speaking about hundreds of thousands possibly Millions picture getting that many thank you keeps in mind um I mean it ‘d be interesting to see how many Post-it notes you got however it would absolutely be an interesting job attempting to clean all those up for sure oh absolutely I can’t imagine the size of my my Outlook inbox if that was the case um you ‘d need days of the week to attempt to look through them and actually see what was going on and type of shot to get back to everybody so moving on appearance why do companies pick to primary separate savings account there are businesses out there doing exactly this for specific nations and I’ve operated in a company or many organizations doing exactly that I can state it does not constantly feel effective and it does create more work I know we’re not deliberately doing that we’re not creating extra work for any person where we do not need to and any person that’s handling 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 quantity that we are I believe numerous reasons one is it’s the requirement I think individuals have got so used to we need a new savings account we open an entity and appropriately so you need it for payroll purposes but there are a number of markets where it’s not a requirement so I believe it’s simply been the requirement and the norm individuals have embraced and continue to do over years and years gone past to contribute to that people have actually taken a look at things like trust accounts and lots of other ways um to to kind of do it so I think there’s a range I believe this is a procedure that needs looking at it needs altering however ultimately people are really stuck to what they recognize
with ideal um modification is a tough thing we all do not like modification um so I believe it’s simply kind of moving far from the standard as we’ve said so yeah so it keeps a great deal of track of things um I comprehend undoubtedly the benefits of having keeping numerous savings account however there’s a big quantity of complexity goes with establishing a bank account maintaining it guaranteeing it can send International transfers guaranteeing it’s set up with the ideal user accesses for private individuals so the complexity is substantial but I believe the sincere response is modification um people haven’t had the ability to change or haven’t had necessarily the understanding to actually make that change into alternate Solutions besides opening a checking account I think you’ve struck the nail on the head I think it is understanding you know and there is a component of resistance to change however we’ve always done it that way is no real excuse for not looking at the the advantages and the possibilities of proceeding and moving into you know what could practically be determined to be the next Century or two there is a lot to track and this approach does pose a number of challenges um so Johnny might you tell
Cost Considerations and Papaya Global Customer Success Manager …
The comprehensive features of come at a cost,
Current years have seen a significant change to the labor force as the rise of remote work has broken down geographical barriers to employing. Services can now work with staff from anywhere worldwide, permitting them to access the very best readily available talent for any offered function. This provides employees more liberty to work from home and increase their earnings without transferring to pricey locations or commuting long distances. A 2022 survey found that 87% of employees who have the possibility to work from another location take that chance. The outbreak of COVID-19, in conjunction with new business connection software, accelerated the move to remote work, consisting of in industries formerly hesitant to embrace the trend.
insights are important 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’ve operated in payroll for the last 25 years I’ve had roles in all kind of Industries retail and Charm to Aerospace in all types of organizations start-up to matrixed environments around the world I offered management and strategy to populations of more than 100,000 workers on a month-to-month basis and in over 170 nations today I’m the perel strategist for papaya
Global I work across the business male maning and developing external relationships supporting Enterprise customers and options and functioning as a consultant I wish to introduce our very first Greg um visitor 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 said 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 closely with our um HR department also to handle numerous legal and HR matters that turn up so actually 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 experts free to do fantastic
While Papaya Global offers combinations with different HR and finance systems, the execution process was not without challenges. Integrating the software application with our existing facilities needed extra customization, leading to some hold-ups in the initial rollout.
Paying FAQs Papaya Global Customer Success Manager 2024
and some smaller sized subsidiaries within our organization found the prices to be on the higher side. As a worldwide business, balancing the need for innovative features with spending plan constraints ended up being a fragile workout.
Customer Support Response Time:
There were circumstances where our groups faced issues that needed timely assistance. Nevertheless, the reaction time from’s consumer support group was not always as quick as preferred, leading to periodic delays in issue resolution.
Our application of involved a phased method. We started by onboarding a couple of subsidiaries to test the system’s compatibility with our existing processes. This allowed us to identify and attend to integration difficulties early on. As the software ended up being more instilled in our operations, we slowly expanded its usage to cover our whole worldwide labor force.
The automated functions streamlined our payroll processes, minimizing the time spent on manual estimations and compliance tracking. Routine training sessions and ongoing support from Papaya helped our teams become proficient users of the software, optimizing its potential for our company.
Companies that staff member workers throughout numerous nations typically face elaborate challenges when it comes to handling their workforce. One of the most significant obstacles is combining different information streams and sticking to diverse local and national labor policies, which can be both lengthy and costly. Additionally, setting up local entities in brand-new areas can be an expensive and suboptimal choice, with alternatives such as opening a foreign subsidiary or employing a professional work organization (PEO) frequently charging up to 15% of the payroll. These obstacles have caused a substantial boost in trouble recruiting qualified workers, with 75% of companies reporting this problem in 2022, a 21% increase from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.
uses a solution supporting all kinds of employment. It provides an end-to-end platform, from employee onboarding and continuous management to worldwide payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, offers management of employment advantages, 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 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 attend the total webcast in order to get your credits if you have any concerns 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 study please make certain 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 discussion hi and thank you for joining us today we’re thrilled to have you here as we start a journey of data to guideline attaining
360 degree worker compliance where we’ll dive into the necessary aspects of the worker compliance management model throughout the session we’ll check out real life challenges real local regulations finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your organization and workers while remaining certified in an
Ever evolving regulatory environment in the everchanging world of business and financing making sure compliance with payroll guidelines is not just vital however likewise a legal crucial from the moment of employing 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 effects however with a deeper more nuanced understanding of their obligations organizations can not only navigate the intricate landscape however likewise proactively guarantee this 360 degree compliance the webinar is designed to equip you with the knowledge and tools necessary to navigate the complex Surface of compliance whether you’re an experienced P specialist a small company owner or somebody brand-new to the field what I would like to do before we start and I think it’s truly crucial
In our mission to enhance efficiency and accuracy in managing our global workforce, our multinational corporation turned to, a leading and labor force management software. The transition aimed to simplify the complex task of managing across numerous nations, currencies, and compliance policies.
One of the standout features of is its robust compliance management system. The software application instantly updates itself to adhere to ever-evolving tax and labor laws across multiple jurisdictions. This has been invaluable in ensuring that our procedures stay certified in each country of operation.
is to state that the material here is not legal recommendations it is just for your info please consult your legal group ought to you have any questions or concerns in relation to anything that we’ve discussed today our secret take essential takeaways by the end of the webinar will be an understanding of employee compliance threats how to hire ly with confidence how to simplify data management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we’ve.
work as your hris or is type of your core employee record um to handle that staff member life process throughout their Journey with you as as a worker in addition to a payroll module we need to assist you pay those workers and compensate them and benefits Administration module that enables you to assist handle the advantages you supply to your employees so really excited to be here represent um bamb booy container and discuss this topic um and I guess from my viewpoint I’ll I’ll probably offer a lot of a focus on the US side of things when we speak about sort of compliance so pleased to be here thanks for having me Ian okay thanks Greg um Gina over to you would you like to present yourself and inform the audience a little bit about papay global yes definitely thank you Ian hi everyone I’m Gina dorelis I’m the Work specialist manager.
at I manage the work Council in the US APAC EMA and Israel region I also function 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 provide payroll payments and workforce management as a Service labor force provider 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 point out as we were sort of like going through the intro so it’s truly actually good to actually see in the webinar chat where everyone’s in fact going to from today I can see that we have people in Las Vegas and Indiana currently so if you wish to carry on tell where you are that would be absolutely great whilst we simply wait on everybody else to sort of like participate there we go Chicago as well well um so whil we’re doing that I’m waiting for everybody to type of join I’ll just run us through the program um today we are going to go over hiring Skill new higher Details Management termination compliance and automation wow the chat has got truly actually hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from definitely all over which is wonderful so uh I’m hoping that we’re in fact going to have some truly excellent commentary and concerns throughout the uh the webinar as well okay so that’s the program then what I ‘d like to Now cover is the the compliance and the Personal privacy side of things so the the Journey of a worker and their data is Papaya Global Customer Success Manager complex without fail and an.
Ever progressing 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 crucial stages whilst we’re really you understand that they’re employed with us so on boarding daily operations compensation and benefits expert development then we get to the offboarding and even advocacy so it even takes place after the worker has left your employment throughout the journey organizations are accountable for gathering saving safeguarding staff member data in compliance with information personal privacy policies no matter where it is you’re operating around the globe it typically involves executing secure data management systems and making sure strict adherence to regional requirements to safeguard both the staff member and the organization the development of staff member data and management c.