Find out more about Papaya Global Turkey ... We now have the ability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has actually obtained a different Chief Financial Officer particularly committed to handling payments. This supplies us with a protected and trustworthy approach of paying to our 10,000 employees worldwide.}
the BEST international payroll managment app, saves me hours of time each month, one single control panel for my payroll, EOR and contractors
Staff member Website
Workers have access to an Employee Portal where they can see their pay slips, wage and tax statements and work files. The portal is available in several languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global helps business offer competitive advantages bundles to international workers regardless of the variety of staff members in the business. The company can establish medical insurance, short-term and long-lasting impairment, vision, oral and maternity leave while removing the requirement to source local advantages suppliers in every country, develop local accounts and have a minimum variety of employees.
Worldwide HR Functionalities
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' files and immigration services if your employees need work authorization assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force costs, workforce diversity, total work expenses distributed per place, total work costs per cycle and a lot more.
environments around the world I provided leadership and technique to populations of over a hundred thousand workers in more than 170 countries today I'm the payroll methods for as Mark said I work across the business managing and structure external relationships supporting Business clients and services in addition to functioning as an advisor for those of you that do not know who papaya Worldwide is papaya is the first payroll and payments
As a worldwide business, we are honored to be consisted of on the distinguished Time 100 list of the most prominent companies worldwide. We specialize in offering payroll and labor force management services to employees in more than 160 countries. I am delighted to introduce Johnny Nash, as discussed by Mark. Now, I'll let Johnny present himself. Good day to all, no matter your area. It's an enjoyment to meet you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments market, I have focused on payroll and payment services for the past seven years. The complexities and difficulties of this field have actually constantly mesmerized me.
payroll payments and chose to kind of make a real go at that over the last five or 6 years where I've sort of had a variety of different functions on the supplier side and also on the supplier side from a payroll viewpoint so truly anticipating this discussion today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll simply offer everybody another number of uh well among the 30 seconds or two to join we all work back to back nowadays so we'll sort of let them do that so it 'd be rather intriguing and I can see it going on already just to hear where everyone is um it's nice to to sort of like see where everybody comes from and I really do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's very very dreary and I want I was somewhere else at this moment in time fine 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 business preserve different
Virtual payroll accounts are an option to traditional checking account for handling payroll payments. This is especially useful for international organizations with dispersed and remote labor forces, as it simplifies the complex process of cross-border payments. Instead of maintaining separate bank accounts for payroll in different countries, virtual accounts and digital wallets provide a more structured solution. In this webinar, we will check out the benefits of using virtual payroll accounts and discuss why they are ending up being a tactical possession 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 firmly and on time during this webinar we'll stroll you through the worldwide advantages and disadvantages of a payroll wallet versus a payroll bank account how business accurately anticipate their payroll expenses to increase working capital and how improving Global payroll payments can turn them from a siled pane into a strategic property so payroll can be tough in sufficient in one country but when you're doing it worldwide 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 add additional intricacy the international Workforce is currently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and more 1.1 billion people that number is presently 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 standard payroll model there's typically an overwhelming variety of different systems resulting in time-consuming manual procedures and silos the number of Combinations could be non-existent in large amounts and or really really basic there's no genuine consistency framework we're living in an age of tech but payroll has actually been slow to get on board in fact as much as 25 of payroll is still done by hand frequently with pen and paper and that just blows my mind whenever I I believe
about it to give you a concept of how far there still is to come according to Deloitte only 11 of businesses say they have Labor force information in real time that's another number that gives me sleepless nights and rather frankly the more a business invests in global payroll the less of an image they see an absence of visibility likewise extends to payroll payments and failure to precisely track these payments can lead to compliance incidents in the last mile of the deal almost half of international businesses have actually expressed that they do not have the level of standardization they require in their processes or desire and as a result eighty percent of mistakes are because of time reporting poor HCM information information entry mistakes badly communicated hires and terminations along with absence management and system configurations and after that when you round all of it off and the information is delivered to the wrong location the typical expense of a worldwide information breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the money around the world payroll and payments do not run efficiently if they depend on the needed numerous procedures 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 challenges organization face when they're making payments to workers or otherwise that's a great question I constantly toss this back and say what is it what does not need to be included right 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 nation there's payment timespan 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 consumer's own in-country account so there's intricacy anywhere you look best ultimately developing a knowledge base is absolutely important but all over you look with payroll payment they resemble super payments no if but some children 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 think there's now a bit more acknowledgment that payroll payments are definitely essential and innovation is allowing us to sort of progress with that it likewise also to contribute to that payroll and financing need to work closer together um with varying Savings account Particulars varying banking requirements and setup procedures is definitely crucial that payroll and financing groups work more detailed together than ever um I'm constantly impressed when people say I have actually split payroll and payment um if you stroll down the street and asked anyone what is payroll who does not work in the payroll occupation would they split the payroll payment from computation I would say no so why do we as an industry accept that why our payroll and payments so typically split and cut up um eventually 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 however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being a growing number of crucial to contribute to kind of the level of intricacy there's a growing number of benefits being organ or being used by services throughout the world so again you're just aiming to add a growing number of payments to this currently complicated landscape so if you sort of got any experience well I'm from your huge experience here and I'm sure but have you got any experience in kind of genuine challenges or real difficult kind of pay uses to play to pay people I believe yeah I suggest over the last well yeah a number of years I would absolutely state that the larger an organization gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the task there are teams feeding info into the next function as it were that's really handling the payment side of things however you know in in my viewpoint and my experience that does not necessarily require to be the case you understand long gone are the times where we need to develop extra handoffs at the same times that we run 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 an era of tech and an era that you know that we are operating in today there is no reason we are still making this as tough as it requires to be concurred and appropriately as you said payroll is the single greatest liability that any organization has from a cost perspective from an effect viewpoint on workers it is definitely important that it's done properly and on time so what we mean 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 detrimental impact on individuals's wellness and many other elements if people aren't paid uh I have actually always been astonished entering into this Market sort of the last five to ten years is how little thanks the
The payroll team might not have been thanked for correctly processing payroll during a webinar. If anybody has actually been thanked, it would be fantastic to hear their success story, whether it's from all workers or not. Payroll is an important cycle, and people just observe when things go wrong. Nevertheless, when things go right, it's seen as simply a routine job. This is how it's perceived externally too. Therefore, it is necessary to ensure that tasks like Wi-Fi Worldwide and other vital matters are done correctly. Using the first Worldwide Payments first payroll payment service is a terrific preliminary action towards offering a detailed payroll solution for workers worldwide. Standardization, worldwide processes, and decreasing the variety of tools, platforms, and bank accounts required for international payroll are essential consider accomplishing service success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally get a few grievances when things do not go as planned. Ultimately, we don't do it for the gratitude.
anyhow we know how how essential 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 everybody that's involved in those procedures and also so envision sorry I'm simply I was just gon na say imagine the quantity of thanks you got if you might cover the amount of individuals that we cover within this webinar I make sure we're talking about hundreds of thousands potentially Millions imagine getting that numerous thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got but it would definitely be an interesting job attempting to clean up all those up for sure oh definitely I can't envision the size of my my Outlook inbox if that was the case um you 'd need days of the week to attempt to look through them and actually see what was going on and type of shot to return to everybody so moving on look why do business select to primary different bank accounts there are businesses out there doing exactly this for particular nations and I've worked in an organization or lots of businesses doing exactly that I can state it doesn't constantly feel efficient and it does produce more work I understand we're not deliberately doing that we're not producing additional work for any person where we do not need to and any person 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 numerous reasons one is it's the requirement I believe individuals have actually got so used to we need a brand-new checking account we open an entity and appropriately so you need it for payroll functions however there are a variety of markets where it's not a requirement so I think it's simply been the standard and the standard the people have adopted 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 methods um to to type of do it so I believe there's a variety I believe this is a procedure that needs looking at it needs altering however ultimately people are really stuck with what they recognize
with right um change is a difficult thing we all do not like modification um so I think it's just kind of moving away from the norm as we've said so yeah so it keeps a great deal of track of stuff um I understand undoubtedly the advantages of having preserving numerous checking account however there's a substantial amount of complexity opts for establishing a savings account keeping it ensuring it can send International transfers guaranteeing it's set up with the right user accesses for individual individuals so the complexity is huge however I believe the sincere answer is change um individuals have not been able to alter or have not had always the understanding to truly make that change into alternate Solutions other than opening a bank account I think you've hit the nail on the head I think it is understanding you know and there is an aspect of resistance to alter but we have actually always done it that way is no real reason for not taking a look at the the advantages and the possibilities of moving on and moving into you understand what could almost be identified to be the next Century or two there is a lot to keep track of and this approach does present several difficulties um so Johnny might you tell us about those obstacles yeah obviously so there's a variety right there is so
I recently made a modification to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It seems like our CFO has acquired another CFO, and with this improved ability, I have actually successfully secured payments for our 10,000 employees worldwide. Your commitment to mastering global payroll and payments using Papaya payroll OS is commendable. You deserve a corner workplace with a parking space that is closer, considering your accomplishments.
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