Find out more about Papaya Global Interview Questions ... We now have the ability to handle both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has gotten a separate Chief Financial Officer specifically dedicated to handling payments. This supplies us with a secure and trusted approach of paying to our 10,000 workers worldwide.}
the very best worldwide payroll managment app, conserves me hours of time each month, one single control panel for my payroll, EOR and professionals
The Staff member Portal provides employees with the ability to gain access to and view important documents such as pay slips, wage and tax statements, and employment records. This portal is accessible on both desktop and mobile phones and is provided in different languages.
Advantages Administration
Papaya Global assists companies offer competitive benefits packages to worldwide employees no matter the number of workers in the business. The business can establish health insurance, short-term and long-term special needs, vision, oral and maternity leave while eliminating the need to source local advantages companies in every nation, develop local accounts and have a minimum variety of staff members.
The HR capabilities supplied by Worldwide HR incorporate numerous functions such as monitoring holiday time, ensuring compliance, facilitating the process of welcoming new employees and bidding goodbye to leaving ones, using a safe online platform for saving employees' files, and providing support for work permit treatments in case your staff members require help in that area.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce costs, workforce diversity, overall employment expenses dispersed per place, total employment costs per cycle and much more.
Globally, I have actually demonstrated leadership and tactical expertise in assisting massive populations of over 100,000 employees across 170 countries. Presently, I are accountable for managing payroll strategies, as pointed out by Mark. My role involves handling and establishing external partnerships, supporting Enterprise customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options service provider.
As a global company, we are honored to be included on the prestigious Time 100 list of the most influential companies worldwide. We specialize in providing payroll and workforce management services to staff members in more than 160 countries. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny present himself. Good day to all, regardless of your place. It's a satisfaction to satisfy you and thank you for your valuable time. As Ian pointed out, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments market, I have concentrated on payroll and payment services for the past 7 years. The complexities and challenges of this field have constantly captivated me.
payroll payments and chose to type of make a real go at that over the last five or 6 years where I've kind of had a range of different roles on the supplier side and likewise on the vendor side from a payroll perspective so actually looking forward to this discussion today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll simply give everyone another number of uh well one of the 30 seconds or so to join all of us work back to back nowadays so we'll kind of let them do that so it 'd be quite fascinating and I can see it going on currently just to hear where everybody is um it's nice to to kind of like see where everyone comes from and I really do hope it's much sunnier than it is in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's extremely really dreary and I wish I was elsewhere at this moment in time alright so let's get going our program for today is as follows um we are going to be taking a look at the difficulty years of handling International payroll why business keep different
Virtual payroll accounts are an alternative to conventional checking account for handling payroll payments. This is particularly beneficial for international organizations with dispersed and remote workforces, as it streamlines the complicated procedure of cross-border payments. Instead of maintaining separate bank accounts for payroll in various nations, virtual accounts and digital wallets offer a more streamlined service. In this webinar, we will check out the benefits of using virtual payroll accounts and talk about why they are ending up being a strategic asset for payroll executives. We will likewise supply a recap of the main points covered and leave time for a Q&A session at the end.
Ensuring accurate, efficient, and timely payroll payments is a complex difficulty for companies running internationally. Join us for a webinar to check out the benefits and drawbacks of payroll wallets versus payroll savings account, find out how business forecast payroll expenses to optimize working capital, and discover how simplifying worldwide payroll payments can transform them from a troublesome job into a strategic possession.
Handling payroll internationally is a complicated task due to various regulations, compliance requirements, information security concerns, and banking rules. The sheer variety of staff members and services adds to the complexity, with an estimated 3.5 billion people in the worldwide workforce, 500 million of whom remain in Africa, and 230 million businesses worldwide.
Standard payroll systems typically lead to manual processes, data silos, and a lack of integration, leading to inconsistencies and inefficiencies. In spite of living in a period of technological developments, payroll management has been slow to adapt, with as much as 25% of payroll still processed manually, typically utilizing pen and paper. This webinar aims to supply insights and options to streamline and optimize worldwide payroll payments.
about it to give you a concept of how far there still is to come according to Deloitte only 11 of organizations say they have Labor force information in real time that's another number that offers me sleepless nights and rather frankly the more a company spends on international payroll the less of a photo they see a lack of visibility also encompasses payroll payments and inability to precisely track these payments can lead to compliance incidents in the last mile of the transaction almost half of global businesses have actually revealed that they do not have the level of standardization they require in their processes or want and as a result eighty percent of errors are because of time reporting poor HCM data information entry mistakes inadequately interacted hires and terminations along with lack management and system configurations and then when you round everything off and the data is shipped to the incorrect location the average cost of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money around the globe payroll and payments don't run smoothly if they count on the required multiple processes systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the difficulties service face when they're making payments to workers or otherwise that's a good concern I always toss this back and state what is it what does not need to be included ideal and what does
it need to be thought of there's differing Bank information so the length of an eye band a swift an account number routing code per nation there's payment amount of time 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 intricacy any place you look right ultimately constructing a knowledge base is absolutely critical but everywhere you look with payroll payment they resemble super payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the type of link in 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 innovation is enabling us to kind of progress with that it also too to contribute to that payroll and finance need to work closer together um with varying Bank Account Particulars differing banking requirements and setup processes is absolutely necessary that payroll and financing teams work closer together than ever um I'm constantly impressed when people state I've split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't operate in the payroll profession would they split 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 ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals any place they are however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being more and more crucial to contribute to type of the level of intricacy there's more and more advantages being organ or being used by companies throughout the world so again you're just looking to include a growing number of payments to this already complicated landscape so if you sort of got any experience well I'm from your large experience here and I make sure but have you got any experience in kind of real difficulties or genuine challenging kind of pay uses to play to pay people I believe yeah I indicate over the last well yeah a number of decades I would absolutely state that the larger an organization 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 teams feeding information into the next function as it were that's in fact managing the payment side of things but you know in in my viewpoint and my experience that does not always require to be the case you know long gone are the times where we require to produce extra handoffs while doing sos that we run in they simply make them more timely they make them less efficient and they do not make them what they need to be in in an era of tech and a period that you know that we are operating in today there is no reason we are still making this as difficult as it requires to be concurred and rightly as you stated payroll is the single biggest liability that any organization has from a cost point of view from an effect perspective on staff members 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 biggest harmful result on people's well-being and lots of other elements if people aren't paid uh I have actually constantly been astonished entering this Market type of the last 5 to 10 years is how little thanks the
payroll team get um so I'm unsure anyone on this sort of webinar has been told 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 ultimately payroll is such a crucial cycle we all become aware of it when it goes wrong everybody jumps up and down when it fails however when it goes right it's simply a tick box exercise and I think that's how it's seen from the external view as well um so yeah it's also like why WI-Fi Global why all of this things is definitely essential that all of this stuff is done properly so leveraging the first International Payments very first payroll payment option is a fantastic initial step um supplying an end-to-end payroll service for your workers globally again I think is another big um procedure once again aligning and guaranteeing you have standardization Worldwide processes all of those things are absolutely essential to success success of services and reducing the variety of tools platforms and bank accounts they need for their Worldwide 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 5 or 10 or whatever it might be with the with the the grievances where things have not gone rather where they're indicated to be um I don't think any of us are in fact doing that for for the thanks
anyhow we know how how important a function 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 procedures and likewise so envision sorry I'm simply I was simply gon na state think of the amount of thanks you got if you might cover the amount of individuals that we cover within this webinar I make certain we're talking about hundreds of thousands potentially Millions picture getting that numerous thank you notes um I mean it 'd be interesting to see the number of Post-it notes you got however it would absolutely be an intriguing job trying to clean all those up for sure oh absolutely I can't picture the size of my my Outlook inbox if that held true um you 'd need days of the week to try to check out them and really see what was going on and kind of shot to get back to everybody so carrying on look why do companies pick to main separate bank accounts there are services out there doing exactly this for particular countries and I've worked in a service or many organizations doing precisely that I can state it doesn't always feel effective and it does develop more work I understand we're not deliberately doing that we're not producing additional work for any person where we don't need to and anybody 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 think many factors one is it's the requirement I think people have actually got so used to we require a brand-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 think it's just been the standard and the norm the people have adopted and continue to do over years and years gone past to contribute to that individuals have looked at things like trust accounts and lots of other methods um to to type of do it so I believe there's a variety I believe this is a procedure that needs taking a look at it needs changing however eventually individuals are really stuck to what they're familiar
with ideal um modification is a hard thing all of us do not like modification um so I believe it's just sort of moving away from the standard as we have actually said so yeah so it keeps a lot of track of stuff um I comprehend certainly the benefits of having keeping multiple savings account but there's a big amount of complexity opts for establishing a checking account preserving it guaranteeing it can send out International transfers ensuring it's set up with the best user accesses for individual people so the intricacy is substantial but I believe the truthful answer is modification um individuals haven't had the ability to alter or have not had necessarily the knowledge to truly make that change into alternate Solutions other than opening a bank account I think you have actually hit the nail on the head I think it is knowledge you know and there is an aspect of resistance to change but we have actually always done it that way is no genuine excuse for not taking a look at the the benefits and the possibilities of carrying on and moving into you understand what might almost be determined to be the next Century or so there is a lot to keep track of and this technique does pose numerous difficulties um so Johnny could you tell us about those obstacles yeah naturally so there's a variety right there is so
I simply did you changed our Business to OS so now we can do our payroll and payments operation on a single platform yes it's like our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International workers you deserve a corner office with a more detailed parking space because I mastered Worldwide payroll and payments with Papaya payroll OS did you
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