Find out more about Papaya Global Jobs London ... We now have the ability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer specifically dedicated to handling payments. This supplies us with a safe and secure and reputable technique of making payments to our 10,000 employees worldwide.}
The innovative global payroll management app improves my payroll procedure, saving me a significant amount of time monthly. With its user-friendly interface, I have access to a single control panel that effectively handles my payroll, EOR, and specialists.
Worker Portal
Employees have access to a Staff member Portal where they can see their pay slips, wage and tax statements and employment files. The website is available in multiple languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global assists companies use competitive benefits bundles to worldwide staff members despite the number of staff members in the company. The company can establish medical insurance, short-term and long-lasting special needs, vision, dental and maternity leave while eliminating the need to source regional benefits suppliers in every country, produce local accounts and have a minimum number of employees.
The HR abilities offered by International HR encompass numerous functions such as monitoring holiday time, ensuring compliance, assisting in the process of inviting brand-new workers and bidding farewell to departing ones, offering a protected online platform for storing employees' documents, and providing support for work permit procedures in case your staff members need help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, labor force variety, overall employment expenses dispersed per area, overall employment costs per cycle and a lot more.
Globally, I have shown management and tactical proficiency in assisting massive populations of over 100,000 staff members throughout 170 nations. Currently, I are accountable for managing payroll methods, as mentioned by Mark. My function involves managing and developing external partnerships, supporting Enterprise clients, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services company.
company to make the time 100 list for a lot of influential business in the world we supply payroll payments and labor force management to all staff member types in over 160 nations I am pleased to state that we likewise have as Mark stated Johnny Nash with us today Johnny would you like to present yourself of course thank you good morning great afternoon great evening depending on where you remain in the world it's charming to fulfill you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments industry for over ten years and particularly dealing with the payroll and payment sector for over seven years um I was interested by the complexity the problem in all of the above of
payroll payments and decided to kind of make a genuine go at that over the last 5 or 6 years where I've sort of had a range of various functions on the supplier side and likewise on the vendor side from a payroll viewpoint so truly eagerly anticipating this discussion today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll simply offer everybody another couple of uh well among the 30 seconds approximately to join all of us work back to back these days so we'll type of let them do that so it 'd be quite intriguing and I can see it going on currently simply to hear where everyone is um it's nice to to sort 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 sunshine is it it's not no it's it's drizzling here it's very really bleak and I want I was somewhere else at this moment in time okay so let's get started our program for today is as follows um we are going to be looking at the challenge years of managing Global payroll why companies maintain 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 labor forces, as it simplifies the complex procedure of cross-border payments. Instead of maintaining different bank accounts for payroll in different countries, virtual accounts and digital wallets use a more streamlined option. In this webinar, we will explore the advantages of using virtual payroll accounts and go over why they are ending up being a strategic asset for payroll executives. We will likewise provide a recap of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments accurately efficiently securely and on time during this webinar we'll stroll you through the worldwide pros and cons of a payroll wallet versus a payroll savings account how business precisely anticipate their payroll expenses to increase working capital and how enhancing International payroll payments can turn them from a siled pane into a tactical possession so payroll can be tough in enough in one nation but when you're doing it internationally it's next level and Beyond it becomes complex for a range of reasons most significantly policies compliance information security and banking rules then there are the sheer numbers they add more complexity the worldwide Labor force is presently three and a half billion individuals by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion people that number is presently 500 million just for for a scale then consider that there are some 230 million services and growing all doing their own thing around the globe in the traditional payroll design there's often a frustrating number of various systems resulting in lengthy manual procedures and silos the variety of Integrations could be non-existent in large quantities and or extremely really standard there's no genuine consistency structure we're living in an era of tech but payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper which just blows my mind every time I I believe
about it to give you an idea of how far there still is to come according to Deloitte just 11 of businesses state they have Workforce data in real time that's another number that gives me sleep deprived nights and rather honestly the more an organization invests in worldwide payroll the less of a picture they see an absence of visibility likewise encompasses payroll payments and inability to precisely track these payments can result in compliance accidents in the last mile of the transaction nearly half of worldwide services have expressed that they don't have the level of standardization they need in their processes or want and as a result eighty percent of errors are due to time reporting bad HCM information information entry errors badly communicated hires and terminations in addition to lack management and system setups and after that when you round it all off and the data is shipped to the incorrect place the typical cost of a global data breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the cash around the globe payroll and payments do not run efficiently if they depend on the essential numerous 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 challenges organization face when they're making payments to workers or otherwise that's a good question I constantly throw this back and state what is it what doesn't require to be included ideal and what does
it need to be thought about there's varying Bank details so the length of an eye band a swift an account number routing code per country there's payment amount of time there's payment abilities so can you pay it from International or do you need to pay from an in-country account do you have to pay from the consumer's own in-country account so there's intricacy anywhere you look right ultimately developing a knowledge base is absolutely important however everywhere you look with payroll payment they resemble very 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 acknowledgment that payroll payments are absolutely fundamental and technology is enabling us to sort of move on with that it likewise too to contribute to that payroll and finance need to work closer together um with varying Checking account Particulars differing banking requirements and setup processes is definitely crucial that payroll and financing groups work better together than ever um I'm always astonished when people say I've split payroll and payment um if you stroll down the street and asked anyone what is payroll who does not work in the payroll profession would they divide the payroll payment from computation I would say no so why do we as a market accept that why our payroll and payments so typically split and cut up um eventually it's payroll is an end-to-end procedure it's the point of data 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 wellness being increasingly more essential to add to kind of the level of complexity there's a growing number of benefits being organ or being used by businesses across the world so once again you're just wanting to include a growing number of payments to this already complex landscape so if you kind of got any experience well I'm from your huge experience here and I make sure however have you got any experience in kind of genuine challenges or genuine difficult kind of pay utilizes to play to pay individuals I think yeah I mean over the last well yeah a number of years I would certainly say that the larger a company gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the job there are teams feeding information into the next function as it were that's actually managing the payment side of things however you know in in my opinion and my experience that does not always need to be the case you know long gone are the times where we require to produce extra handoffs at the same times that we operate in they simply make them more prompt they make them less effective and they don't make them what they require to be in in a period of tech and an era that you know that we are operating in today there is no reason why we are still making this as challenging as it needs to be concurred and rightly as you stated payroll is the single greatest liability that any service has from a cost viewpoint from an effect viewpoint on workers it is absolutely important 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 biggest detrimental impact on individuals's wellness and numerous other aspects if individuals aren't paid uh I've constantly been amazed entering into this Market sort of the last five to 10 years is how little thanks the
The payroll group might not have actually been thanked for properly processing payroll during a webinar. If anyone has actually been thanked, it would be excellent to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and individuals only see when things go wrong. Nevertheless, when things go right, it's viewed as simply a routine task. This is how it's viewed externally too. For that reason, it is necessary to ensure that jobs like Wi-Fi International and other essential matters are done properly. Utilizing the very first International Payments first payroll payment service is a fantastic initial action towards offering a thorough payroll service for staff members worldwide. Standardization, international procedures, and decreasing the variety of tools, platforms, and bank accounts necessary for international payroll are essential factors in achieving organization success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally receive a few problems when things don't go as planned. Ultimately, we don't do it for the appreciation.
anyway 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 easy as possible for everybody that's involved in those procedures and also so think of sorry I'm simply I was simply gon na state envision the quantity of thanks you got if you could cover the amount of individuals that we cover within this webinar I'm sure we're talking about numerous thousands potentially Millions imagine getting that lots of thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got but it would certainly be an intriguing job trying 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 browse them and in fact see what was going on and sort of try to return to everyone so carrying on look why do business select to primary different bank accounts there are organizations out there doing exactly this for specific countries and I have actually worked in an organization or many services doing precisely that I can say it does not constantly feel effective and it does create more work I know 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 handling that procedure I 'd be interested to hear your ideas Johnny why do you think that we're doing that in in the in the amount that we are I think numerous reasons one is it's the standard I think individuals have actually got so used to we require a new checking account we open an entity and appropriately so you need it for payroll purposes however there are a variety of markets where it's not a requirement so I believe it's simply been the requirement and the standard individuals have actually embraced and continue to do over years and years gone past to add to that individuals have looked at things like trust accounts and many other ways um to to type of do it so I think there's a variety I think this is a process that needs looking at it needs altering but eventually people are extremely stuck to what they recognize
with best um change is a difficult thing we all don't like change um so I think it's just kind of moving far from the norm as we've said so yeah so it keeps a great deal of track of things um I understand obviously the advantages of having maintaining several checking account but there's a substantial quantity of intricacy opts for establishing a bank account maintaining it guaranteeing it can send out International transfers guaranteeing it's established with the ideal user accesses for private individuals so the complexity is huge but I believe the sincere answer is modification um people haven't had the ability to change or have not had necessarily the knowledge to really make that change into alternate Solutions other than opening a checking account I think you've struck the nail on the head I believe it is understanding you know and there is a component of resistance to alter but we have actually constantly done it that way is no genuine excuse for not looking at the the advantages and the possibilities of moving on and moving into you understand what could nearly be determined to be the next Century or so there is a lot to keep track of and this method does position several challenges um so Johnny could you tell us about those difficulties yeah naturally so there's a range right there is so
I just recently made a modification to our Business system by transitioning to OS. As a result, we can now handle our payroll and payment jobs on one platform. It seems like our CFO has actually gotten another CFO, and with this boosted capability, I have successfully secured payments for our 10,000 staff members worldwide. Your devotion to mastering worldwide payroll and payments utilizing Papaya payroll OS is good. You should have a corner workplace with a parking space that is better, considering your achievements.
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