Can You Use Papaya Global Time Without Papaya Global Payroll 2024 – All You Need To Know

Payroll and payments  run efficiently …Can You Use Papaya Global Time Without Papaya Global Payroll

 

if they depend on the necessary 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 obstacles organization face when they’re making payments to staff members or otherwise that’s a good question I constantly throw this back and say what is it what does not require to be included ideal 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 country 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 intricacy anywhere you look ideal ultimately building a knowledge base is absolutely important however all over you look with payroll payment they are like very payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the kind of link between fintech and payroll it’s closer than ever I believe there’s now a bit more recognition that payroll payments are absolutely fundamental and technology is allowing us to sort of progress with that it also also to add to that payroll and financing need to work closer together um with varying Bank Account Particulars varying banking requirements and setup processes is definitely necessary that payroll and finance groups work better together than ever um I’m always surprised when people state I have actually split 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 divide the payroll payment from estimation I would say no so why do we as an industry accept that why our payroll and payments so often split and cut up um eventually 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 however also paying statutory authorities and on statutory third parties so with the

world we reside in and well-being being more and more crucial to contribute to sort of the level of complexity there’s increasingly more benefits being organ or being provided by organizations across the world so again you’re simply looking to include increasingly more payments to this already complicated landscape so if you sort of got any experience well I’m from your huge experience here and I make certain however have you got any experience in kind of real obstacles or genuine challenging type of pay uses to play to pay people I believe yeah I imply over the last well yeah a number of years I would certainly state that the bigger an organization gets the more it tends to segregate the payroll and the payments operates 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 managing the payment side of things but you know in in my opinion and my experience that does not necessarily require to be the case you know long gone are the times where we require to create extra handoffs at the same times that we run in they just make them more prompt they make them less efficient and they do not make them what they require to be in in an age of tech and an age that you understand that we are working in today there is no reason that we are still making this as difficult as it requires to be concurred and rightly as you said payroll is the single most significant liability that any service has from an expense perspective from an effect viewpoint on staff members it is absolutely critical 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 have to be done right it has the most significant detrimental effect on people’s well-being and numerous other elements if people aren’t paid uh I have actually constantly been impressed entering into this Market kind of the last 5 to 10 years is how little thanks the

payroll team get um so I’m not exactly sure anyone on this type of webinar has actually been told 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 eventually payroll is such an important cycle all of us become aware of it when it fails everybody jumps up and down when it goes wrong but when it goes right it’s just a tick box exercise and I think that’s how it’s seen from the external deem well um so yeah it’s also like why WI-Fi Global why all of this things is absolutely crucial that all of this things is done correctly so leveraging the very first International Payments very first payroll payment solution is a great first step um supplying an end-to-end payroll solution for your staff members worldwide once again I think is another big um procedure again lining up and ensuring you have standardization International procedures all of those things are definitely key to success success of companies and minimizing 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 ever had a hundred thousand of them within a payroll cycle do not expect to you do get the odd 5 or 10 or whatever it might be with the with the the grievances where things have not gone rather where they’re meant to be um I don’t believe any of us are in fact 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 easy as possible for everyone that’s associated with those processes and likewise so envision sorry I’m simply I was simply gon na say think of the amount of thanks you got if you might cover the quantity of individuals that we cover within this webinar I’m sure we’re talking about numerous thousands possibly Millions think of getting that many thank you notes um I imply it ‘d be interesting to see the number of Post-it notes you got but it would absolutely be an interesting job trying to clean all those up for sure oh definitely 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 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 bank accounts there are businesses out there doing exactly this for particular nations and I have actually worked in a business or many services doing exactly that I can say it does not always feel efficient and it does produce more work I know we’re not intentionally doing that we’re not producing additional work for any person where we don’t have to and anyone that’s dealing with that procedure I ‘d be interested to hear your thoughts Johnny why do you think 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 actually got so utilized to we require a brand-new savings account we open an entity and appropriately so you need it for payroll purposes however there are a number of markets where it’s not a requirement so I believe it’s simply been the standard and the norm individuals have actually embraced and continue to do over years and years gone past to add to that people have actually looked at things like trust accounts and lots of other ways um to to sort of do it so I think there’s a variety I think this is a process that requires taking a look at it needs altering however ultimately individuals are really stuck to what they recognize

with right um change is a hard thing we all don’t like change um so I believe it’s simply kind of moving away from the norm as we’ve said so yeah so it keeps a lot of track of things um I understand obviously the advantages of having keeping several bank accounts however there’s a big quantity of complexity opts for establishing a savings account preserving it ensuring it can send out International transfers guaranteeing it’s set up with the best user accesses for individual individuals so the intricacy is substantial but I believe the sincere response is modification um individuals haven’t had the ability to change or haven’t had necessarily the understanding to actually make that change into alternate Solutions aside from opening a checking account I think you’ve struck the nail on the head I think it is knowledge you understand and there is a component of resistance to change but we have actually constantly done it that way is no real reason for not looking at the the advantages and the possibilities of carrying on and moving into you know what might practically be determined to be the next Century approximately there is a lot to keep track of and this approach does position numerous challenges um so Johnny might you inform

 

 

Expense Factors to consider and Can You Use Papaya Global Time Without Papaya Global Payroll …
The extensive features of come at an expense,

 

Over the past few years, the labor force has actually gone through a significant change with the introduction of remote work, which has eliminated geographical restrictions on hiring. This has actually allowed services to hire talent from all over the world, allowing them to put together the best possible group for each role. As a result, staff members have gained higher versatility to work from home and increase their profits without having to relocate to pricey locations or commute cross countries. According to a 2022 survey, 87% of employees who have the option to work remotely choose to do so. The COVID-19 pandemic, combined with advancements in business connection software application, has even more sped up the shift towards remote work, even in industries that were at first reluctant to embrace the pattern.

insights are valuable to us and and your fellow guests so first things first though um let’s get to know everyone my name is Ian Charles and I’ve operated in payroll for the last 25 years I have actually had functions in all sort of Industries retail and Appeal to Aerospace in all kinds of services startup to matrixed environments across the globe I offered leadership and strategy to populations of more than 100,000 workers on a monthly basis and in over 170 countries today I’m the perel strategist for papaya

International I work throughout business male maning and developing external relationships supporting Enterprise clients and solutions and serving as a consultant I ‘d like to present our very first Greg um visitor 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 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 actually work extremely carefully with our um HR department too to manage different legal and HR matters that show up so actually thrilled to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we say our objective is to set you as HR experts complimentary to do fantastic

integration Challenges:
While Papaya Global offers integrations with numerous HR and financing systems, the application procedure was not without difficulties. Incorporating the software application with our existing facilities needed extra modification, leading to some hold-ups in the initial rollout.

Paying FAQs Can You Use Papaya Global Time Without Papaya Global Payroll 2024

and some smaller sized subsidiaries within our company found the prices to be on the higher side. As a global business, stabilizing the requirement for innovative functions with spending plan constraints became a fragile workout.
Customer Support Reaction Time:
There were instances where our groups faced issues that required prompt help. Nevertheless, the reaction time from’s customer support group was not constantly as quick as desired, causing occasional delays in concern resolution.

Our implementation of included a phased approach. We started by onboarding a few subsidiaries to check the system’s compatibility with our existing procedures. This permitted us to determine and deal with integration difficulties early on. As the software application became more implanted in our operations, we slowly broadened its usage to cover our entire global labor force.

The automated functions structured our payroll procedures, lowering the time spent on manual computations and compliance tracking. Regular training sessions and continuous support from Papaya assisted our groups become skilled users of the software application, maximizing its capacity for our organization.

Nevertheless, paying a labor force can be complicated. It is particularly challenging for business who employ staff throughout multiple countries, as they should continuously combine different data streams, manually track regional and nationwide labor and guidelines, and spend important time and resources to establish local entities in brand-new locations. These companies are faced with suboptimal, costly alternatives, like opening a foreign subsidiary or employing a professional employment organization, which is a regional company that works with employees on their behalf and can charge up to 15% of. By 2022, 75% of employers reported difficulty recruiting qualified personnel, a boost of 21% from 2019. The payroll & HR services market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.

uses a service supporting all types of work. It offers an end-to-end platform, from worker onboarding and ongoing management to worldwide payments and. It helps companies with labor law compliance in the jurisdictions in which they operate, offers management of work advantages, and makes sure data 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 expert in payroll and workforce management. She co-founded after seeing the technology gap in worldwide.

papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to attend the total webcast in order to receive your credits if you have any concerns during 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 be 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 discussion hi and thank you for joining us today we’re thrilled to have you here as we embark on a journey of data to guideline accomplishing

360 degree worker compliance where we’ll dive into the important elements of the worker compliance management design throughout the session we’ll explore real life difficulties real local policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a detailed understanding of how to protect your organization and employees while remaining compliant in an

Ever evolving regulatory environment in the everchanging world of organization and financing guaranteeing compliance with payroll regulations is not just important but likewise a legal important from the minute of hiring to the in intri intricacies even sorry of termination every step along the worker journey is Frau with compliance risks that have far-reaching repercussions nevertheless with a deeper more nuanced understanding of their obligations companies can not just browse the detailed landscape but also 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 professional a small business owner or someone brand-new to the field what I wish to do before we begin and I think it’s truly crucial

In our mission to enhance effectiveness and accuracy in managing our global labor force, our multinational corporation turned to, a leading and workforce management software application. The shift aimed to streamline the complex task of managing across various countries, currencies, and compliance regulations.

The Good:

Compliance Management:
Among the standout functions of is its robust compliance management system. The software application immediately updates itself to stick to ever-evolving tax and labor laws across multiple jurisdictions. This has actually been indispensable in making sure that our procedures remain compliant in each nation of operation.

is to state that the content here is illegal advice it is merely for your details please consult your legal group needs to you have any questions or concerns in relation to anything that we’ve gone over today our secret take key takeaways by the end of the webinar will be an understanding of staff member compliance dangers how to hire ly with self-confidence how to streamline data management and automation so let’s take ourselves a moment to acquaint ourselves with the webinar platform once again as we have actually.

work as your hris or is type of your core employee record um to manage that staff member life cycle throughout their Journey with you as as a worker in addition to a payroll module we have to help you pay those employees and compensate them and advantages Administration module that enables you to help manage the advantages you supply to your staff members so really excited to be here represent um bamb booy container and discuss this subject um and I guess from my viewpoint I’ll I’ll probably offer a lot of a concentrate on the United States side of things when we speak about 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 introduce yourself and tell the audience a bit about papay international yes absolutely thank you Ian hello everyone I’m Gina dorelis I’m the Work professional supervisor.

at I manage the work Council in the United States APAC EMA and Israel region I likewise act as us Council for I’m licensed in New york city and New Jersey um we ensure compliance onboarding and offboarding of workers with regard to papaya we supply payroll payments and labor force management as a Service work force service provider to employees serving in over.

160 countries all right 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 nice to in fact see in the webinar chat where everyone’s really attending from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to carry on inform where you are that would be definitely fantastic whilst we simply wait for everyone else to type of like take part there we go Chicago also well um so whil we’re doing that I’m awaiting everyone to type of join I’ll simply run us through the agenda um today we are going to go over working with Talent new higher Information Management termination compliance and automation wow the chat has got really actually hectic so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re originating from definitely all over which is fantastic so uh I’m hoping that we’re actually going to have some actually great commentary and questions throughout the uh the webinar too 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 an employee and their information is Can You Use Papaya Global Time Without Papaya Global Payroll multifaceted without fail and an.

Ever progressing relationship that begins the minute an individual joins a company it continues throughout their employment and Beyond this journey can be divided into k to numerous essential stages whilst we’re in fact you understand that they’re used with us so on boarding daily operations settlement and advantages expert development then we get to the offboarding and even advocacy so it even takes place after the employee has left your work throughout the journey organizations are responsible for gathering keeping securing worker data in compliance with information personal privacy policies no matter where it is you’re running worldwide it often includes executing protected information management systems and guaranteeing stringent adherence to regional requirements to protect both the worker and the company the evolution of worker data and management c.