Find out more about Papaya Global Payroll Customer Service Hours ... We now have the capability to manage both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer specifically dedicated to managing payments. This provides us with a protected and reliable technique of paying to our 10,000 workers worldwide.}
the BEST global payroll managment app, conserves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and contractors
The Worker Portal offers employees with the ability to gain access to and view essential documents such as pay slips, wage and tax declarations, and work records. This website is accessible on both desktop and mobile devices and is offered in numerous languages.
Benefits Administration
Papaya Global assists business offer competitive benefits packages to international workers no matter the number of staff members in the company. The business can set up health insurance, short-term and long-lasting special needs, vision, oral and maternity leave while removing the requirement to source local advantages companies in every country, develop local accounts and have a minimum number of staff members.
The HR abilities provided by International HR include various functions such as keeping track of holiday time, ensuring compliance, assisting in the procedure of welcoming brand-new staff members and bidding farewell to departing ones, providing a safe online platform for storing workers' documents, and offering assistance for work allow procedures in case your employees require support in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, workforce diversity, total employment expenses distributed per area, total employment costs per cycle and far more.
environments across the globe I offered management and method to populations of over a hundred thousand employees in more than 170 nations today I'm the payroll techniques for as Mark stated I work across business managing and building external relationships supporting Business clients and options as well as functioning as an advisor for those of you that don't understand who papaya International is papaya is the very first payroll and payments
company to make the time 100 list for many influential companies worldwide we offer payroll payments and labor force management to all staff member enters over 160 countries I am pleased to state that we also have as Mark said Johnny Nash with us today Johnny would you like to present yourself obviously thank you good morning excellent afternoon excellent evening depending upon where you remain in the world it's charming to fulfill you and thank you quite for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I have actually remained in the payments industry for over 10 years and specifically working on the payroll and payment sector for over 7 years um I was fascinated by the complexity the trouble in all of the above of
payroll payments and decided to sort of make a genuine go at that over the last five or 6 years where I have actually type of had a variety of various roles on the provider side and also on the supplier side from a payroll viewpoint so truly anticipating this conversation today um and yeah thank you very much for your time everyone fine thanks Johnny uh we'll just offer everybody another number of uh well among the 30 seconds or so to join all of us work back to back nowadays so we'll sort of let them do that so it 'd be rather fascinating and I can see it going on already simply to hear where everybody is um it's nice to to sort of like see where everyone originates from and I actually do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunlight is it it's not no it's it's raining here it's very extremely uninspiring and I want I was somewhere else at this moment in time alright so let's begin our agenda for today is as follows um we are going to be looking at the obstacle years of handling International payroll why companies preserve separate
Virtual payroll accounts are an option to traditional savings account for handling payroll payments. This is particularly helpful for global organizations with dispersed and remote labor forces, as it simplifies the intricate process of cross-border payments. Instead of keeping separate bank accounts for payroll in various nations, virtual accounts and digital wallets use a more streamlined service. In this webinar, we will check out the benefits of using virtual payroll accounts and go over why they are ending up being a strategic possession for payroll executives. We will also supply a recap of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments precisely effectively firmly and on time during this webinar we'll stroll you through the global benefits and drawbacks of a payroll wallet versus a payroll checking account how business properly anticipate their payroll expenses to increase working capital and how simplifying International payroll payments can turn them from a siled pane into a tactical asset so payroll can be tough in sufficient in one country but when you're doing it internationally it's next level and Beyond it ends up being complex for a range of reasons most notably policies compliance data security and banking guidelines then there are the large numbers they include more complexity the worldwide Labor force is presently 3 and a half billion people by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion individuals that number is currently 500 million just for for a scale then factor in that there are some 230 million companies and growing all doing their own thing worldwide in the conventional payroll model there's frequently a frustrating variety of different systems causing time-consuming manual procedures and silos the variety of Combinations could be non-existent in big quantities and or very very basic there's no real consistency structure we're residing in a period of tech but payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper and that just blows my mind whenever I I believe
about it to provide you a concept of how far there still is to come according to Deloitte just 11 of services state they have Workforce data in real time that's another number that offers me sleep deprived nights and quite frankly the more an organization invests in international payroll the less of a photo they see a lack of presence also extends to payroll payments and inability to precisely track these payments can lead to compliance mishaps in the last mile of the deal nearly half of global services have expressed that they don't have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are due to time reporting poor HCM information information entry mistakes improperly communicated hires and terminations in addition to absence management and system configurations and then when you round everything off and the data is shipped to the incorrect place the average cost of an international information breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the cash all over the world payroll and payments do not run efficiently if they count on the needed several procedures systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the obstacles business face when they're paying to workers or otherwise that's an excellent question I constantly throw this back and state what is it what doesn't need to be included best 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 time frames 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 consumer's own in-country account so there's intricacy anywhere you look ideal eventually constructing a knowledge base is definitely critical but everywhere you look with payroll payment they are like incredibly payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the sort of link between fintech and payroll it's closer than ever I believe there's now a bit more recognition that payroll payments are definitely essential and technology is allowing us to kind of move forward with that it also too to add to that payroll and financing need to work closer together um with varying Checking account Particulars varying banking requirements and setup processes is absolutely vital that payroll and financing teams work closer together than ever um I'm constantly amazed when people state I have actually split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't work in the payroll occupation 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 often split and cut up um ultimately it's payroll is an end-to-end procedure it's the point of data collection all the way through to paying individuals any place they are but also paying statutory authorities and on statutory 3rd parties so with the
The modern world places a high worth on wellness and the payment landscape is becoming progressively detailed. Companies are continually presenting new benefits and payment choices, which adds to the total complexity. Big corporations typically divide their payroll and payment processing into different teams, which can lead to inefficiencies and traffic jams. In my opinion, this does not need to be the case. In today's highly innovative period, there's no reason for preserving cumbersome treatments. Payroll, the business's greatest expense, must be processed properly and on time. Even small hold-ups can negatively impact employees' wellness and have significant repercussions. For that reason, it's crucial to prioritize accurate and prompt payments.
payroll team get um so I'm unsure anyone on this sort of webinar has been informed 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 but ultimately payroll is such a crucial cycle we all find out about it when it fails everyone jumps up and down when it goes wrong but when it goes right it's simply a tick box workout and I think 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 definitely important that all of this things is done correctly so leveraging the very first International Payments first payroll payment solution is a terrific primary step um providing an end-to-end payroll option for your employees worldwide again I think is another big um process once again aligning and guaranteeing you have standardization International procedures all of those things are definitely crucial to success success of organizations and reducing the number of tools platforms and savings account they require for their Worldwide payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I have actually never had a hundred thousand of them within a payroll cycle don't anticipate to you do get the odd five or ten or whatever it might be with the with the the complaints where things haven't gone quite where they're meant to be um I do not believe any of us are really doing that for for the thanks
anyhow we understand how how important a role it is and that'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 procedures and also so envision sorry I'm just I was just gon na say think of the quantity of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make certain we're discussing hundreds of thousands possibly Millions imagine getting that many thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got however it would absolutely be an interesting task attempting to clean all those up for sure oh definitely I can't picture the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to check out them and actually see what was going on and type of shot to return to everyone so moving on look why do business choose to main separate checking account there are organizations out there doing exactly this for particular countries and I have actually worked in a service or lots of organizations doing exactly that I can say it doesn't always feel efficient and it does develop more work I understand we're not purposely doing that we're not creating extra work for anybody where we do not need to and any person 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 amount that we are I believe numerous factors one is it's the standard I believe individuals have got so utilized to we need a new checking account we open an entity and rightly so you need it for payroll functions but there are a number of markets where it's not a requirement so I think it's simply been the requirement and the norm individuals have actually embraced and continue to do over years and years gone past to contribute to that people have actually looked at things like trust accounts and many 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 requires altering but eventually people are extremely stuck to what they recognize
with best um modification is a difficult thing we all don't like modification um so I believe it's just type of moving far from the norm as we have actually said so yeah so it keeps a great deal of track of things um I understand obviously the benefits of having maintaining several savings account however there's a big quantity of complexity opts for setting up a bank account preserving it guaranteeing it can send out International transfers guaranteeing it's established with the ideal user accesses for specific individuals so the intricacy is substantial but I believe the honest response is modification um people have not been able to change or have not had necessarily the understanding to truly make that change into alternate Solutions besides opening a checking account I think you've hit the nail on the head I believe it is understanding you know and there is an element of resistance to change however we have actually always done it that way is no real excuse for not looking at the the benefits and the possibilities of proceeding and moving into you understand what could nearly be figured out to be the next Century approximately there is a lot to keep track of and this technique does position several challenges um so Johnny might you tell us about those obstacles yeah of course so there's a variety right there is so
I recently made a modification to our Business system by transitioning to OS. As a result, we can now handle our payroll and payment tasks on one platform. It feels like our CFO has acquired another CFO, and with this improved capability, I have actually successfully protected payments for our 10,000 workers worldwide. Your devotion to mastering global payroll and payments utilizing Papaya payroll OS is commendable. You are worthy of a corner workplace with a parking space that is more detailed, considering your achievements.
Papaya Global Art