Find out more about Papaya Global Payroll Jobs ... We now have the capability to handle both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has actually obtained a different Chief Financial Officer specifically committed to managing payments. This supplies us with a safe and secure and trusted approach of making payments to our 10,000 workers worldwide.}
the BEST global payroll managment app, conserves me hours of time each month, one single dashboard for my payroll, EOR and specialists
Worker Portal
Staff members have access to a Staff member Portal where they can see their pay slips, wage and tax statements and employment files. The website is readily available in multiple languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global helps business offer competitive advantages plans to international employees despite the number of employees in the business. The company can establish medical insurance, short-term and long-term impairment, vision, dental and maternity leave while getting rid of the requirement to source local benefits providers in every country, create regional accounts and have a minimum number of employees.
Global HR Performances
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and immigration services if your staff members require work permit help.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, workforce diversity, overall employment costs distributed per place, total work expenses per cycle and much more.
environments across the globe I provided leadership and strategy to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll methods for as Mark stated I work across business handling and building external relationships supporting Enterprise customers and services in addition to functioning as an advisor for those of you that don't know who papaya Worldwide is papaya is the very first payroll and payments
company to make the time 100 list for most prominent business worldwide we supply payroll payments and workforce management to all worker types in 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 good afternoon great night depending on where you remain in the world it's charming to satisfy you and thank you very much for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I've been in the payments industry for over 10 years and particularly dealing with the payroll and payment sector for over seven years um I was fascinated by the complexity the difficulty in all of the above of
payroll payments and chose to kind of make a real go at that over the last 5 or 6 years where I have actually type of had a range of various roles on the company side and likewise on the vendor side from a payroll perspective so really eagerly anticipating this discussion today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll just offer everybody another couple of uh well one of the 30 seconds or so to join we all work back to back nowadays so we'll type 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 sort of like see where everyone comes from and I actually do hope it's much sunnier than it is in the UK today definitely 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 want I was elsewhere at this moment in time all right so let's get going our program for today is as follows um we are going to be taking a look at the challenge years of handling Global payroll why business maintain different
bank accounts payroll virtual wallets versus payroll bank accounts payroll payroll uh sorry papaya payroll payments anticipating payroll expenses using virtual payroll accounts improving papaya Global payroll payments as a tactical property uh we'll also review a recap which ought to leave his time at the extremely very end for a q a session so as the title of the webinar recommends payroll officers on transferring to Virtual payroll accounts and here is why as dispersed to remote and Global labor forces end up being more and more common and handling them becomes increasingly more intricate Global companies are looking to find Solutions and new ways to streamline procedures especially from a payroll and cross-border payment standpoint lots of companies maintain separate bank account just for payroll while some have multiple accounts in various countries does it make sense for companies to preserve separate savings account in some cases in various nations it does but just for payroll exists a better way what function do virtual accounts and digital wallets likewise known as virtual wallets play in assisting multinational business streamline the episode complex procedures of
making payroll payments properly 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 bank account how business properly anticipate their payroll costs to increase working capital and how simplifying Worldwide payroll payments can turn them from a siled pane into a tactical possession so payroll can be tough in enough in one country however when you're doing it internationally it's next level and Beyond it becomes complex for a variety of factors most importantly regulations compliance data security and banking rules then there are the sheer numbers they include additional intricacy the global Labor force is presently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and additional 1.1 billion individuals that number is currently 500 million just for for a scale then consider that there are some 230 million companies and growing all doing their own thing around the world in the traditional payroll model there's often a frustrating variety of different systems causing time-consuming manual procedures and silos the variety of Combinations could be non-existent in large amounts and or extremely really fundamental there's no real consistency structure we're residing in a period of tech however payroll has been slow to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which simply blows my mind each time I I believe
about it to offer you an idea of how far there still is to come according to Deloitte just 11 of companies state they have Labor force information in real time that's another number that provides me sleep deprived nights and rather frankly the more an organization invests in global payroll the less of a photo they see a lack of visibility likewise reaches payroll payments and inability to properly track these payments can lead to compliance incidents in the last mile of the deal nearly half of global services have actually revealed that they don't have the level of standardization they require in their processes or desire and as a result eighty percent of errors are because of time reporting bad HCM information information entry mistakes inadequately interacted hires and terminations in addition to lack management and system setups and then when you round it all off and the data is shipped to the wrong location the average cost of a worldwide data 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 don't run smoothly if they depend on the required multiple procedures systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else needs to be factored into the challenges 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 require to be consisted of right and what does
it require to be thought about there's differing Bank information so the length of an eye band a swift an account number routing code per nation there's payment time frames there's payment abilities so can you pay it from International or do you have to pay from an in-country account do you need to pay from the customer's own in-country account so there's intricacy any place you look right ultimately developing a knowledge base is definitely important 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 think there's now a bit more recognition that payroll payments are definitely basic and technology is allowing us to sort of move on with that it likewise also to add to that payroll and finance need to work closer together um with differing Savings account Details differing banking requirements and setup procedures is absolutely essential that payroll and financing groups work better together than ever um I'm always amazed when individuals state I've split payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't operate 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 ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying people any place they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being increasingly more crucial to contribute to kind of the level of intricacy there's a growing number of benefits being organ or being used by businesses throughout the world so once again you're simply looking to add a growing number of payments to this currently intricate landscape so if you type 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 difficulties or real tough sort of pay uses to play to pay individuals I think yeah I indicate over the last well yeah a couple of decades I would certainly state that the bigger a business gets the more it tends to segregate the payroll and the payments functions um there are groups doing one part of the task there are teams feeding information into the next function as it were that's really handling the payment side of things but you know in in my opinion and my experience that doesn't always need to be the case you know long gone are the times where we need to develop additional handoffs at the same times that we operate in they simply make them more timely they make them less efficient and they don't make them what they require to be in in a period of tech and a period that you know that we are working in today there is no reason why we are still making this as difficult as it requires to be agreed and appropriately as you said payroll is the single greatest liability that any company has from a cost viewpoint from an effect perspective on staff members it is absolutely vital that it's done correctly 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 greatest detrimental effect on people's wellness and numerous other aspects if individuals aren't paid uh I have actually constantly been astonished entering into this Market type of the last five to ten years is how little thanks the
The payroll team may not have actually been thanked for correctly processing payroll during a webinar. If anyone has been thanked, it would be fantastic to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and people just see when things go wrong. However, when things go right, it's viewed as simply a regular task. This is how it's viewed externally as well. For that reason, it is vital to make sure that tasks like Wi-Fi Worldwide and other important matters are done properly. Using the first Worldwide Payments first payroll payment option is a fantastic initial step towards offering a detailed payroll solution for employees worldwide. Standardization, global processes, and decreasing the number of tools, platforms, and savings account needed for global payroll are key consider achieving organization success. While we do not anticipate a hundred thousand thank yous within a payroll cycle, we do sometimes get a few grievances when things do not go as prepared. Ultimately, we do not do it for the gratitude.
anyway we know how how crucial 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 simple as possible for everybody that's involved in those procedures and also so envision sorry I'm just I was simply gon na say picture the quantity of thanks you got if you could cover the amount of people that we cover within this webinar I make certain we're talking about hundreds of thousands possibly Millions think of getting that many thank you keeps in mind um I suggest it 'd be interesting to see how many Post-it notes you got but it would absolutely be an intriguing 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 need days of the week to try to check out them and actually see what was going on and sort of shot to get back to everybody so carrying on appearance why do business choose to main different savings account there are organizations out there doing precisely this for specific nations and I've worked in a company or numerous services doing precisely that I can say it does not always feel effective and it does produce more work I understand we're not intentionally doing that we're not developing extra work for anyone where we do not have to and anybody that's handling that procedure I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the quantity that we are I think many reasons one is it's the standard I believe individuals have got so used to we need a brand-new savings account we open an entity and rightly so you require it for payroll purposes however there are a number of markets where it's not a requirement so I think it's simply been the requirement and the norm the people have actually embraced and continue to do over years and years passed by to add to that people have actually taken a look at things like trust accounts and lots of other methods um to to kind of do it so I think there's a range I believe this is a procedure that needs taking a look at it requires changing but eventually individuals are really stuck to what they recognize
with best um change is a tough thing we all do not like change um so I think it's simply kind of moving away from the norm as we've said so yeah so it keeps a lot of track of stuff um I understand clearly the benefits of having keeping several bank accounts but there's a substantial quantity of complexity opts for establishing a savings account keeping it guaranteeing it can send out International transfers guaranteeing it's set up with the ideal user accesses for private individuals so the complexity is big but I believe the sincere answer is modification um people haven't been able to change or have not had necessarily the understanding to truly make that change into alternate Solutions other than opening a bank account I think you've struck the nail on the head I think it is understanding you understand and there is a component of resistance to change however we've constantly done it that way is no real reason for not taking a look at the the benefits and the possibilities of carrying on and moving into you know what could nearly be identified to be the next Century or so there is a lot to monitor and this approach does pose a number of difficulties um so Johnny could you inform us about those challenges yeah obviously so there's a range right there is so
I just did you switched 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 staff members you are worthy of a corner workplace with a more detailed parking space because I mastered International payroll and payments with Papaya payroll OS did you
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