Find out more about California Payroll Calculator Papaya Global ... We now have the ability to manage both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has actually gotten a different Chief Financial Officer specifically devoted to managing payments. This offers us with a safe and trusted approach of making payments to our 10,000 workers worldwide.}
the BEST global payroll managment app, saves me hours of time each month, one single dashboard for my payroll, EOR and professionals
Employee Portal
Staff members have access to an Employee Website where they can see their pay slips, wage and tax declarations and employment files. The portal is offered in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists business provide competitive advantages packages to international employees despite the number of workers in the company. The company can set up medical insurance, short-term and long-lasting special needs, vision, oral and maternity leave while eliminating the need to source local benefits companies in every nation, develop local accounts and have a minimum variety of employees.
The HR capabilities provided by Worldwide HR encompass various functions such as monitoring vacation time, ensuring compliance, assisting in the procedure of welcoming new employees and bidding farewell to leaving ones, offering a safe and secure online platform for storing employees' files, and providing assistance for work permit procedures in case your workers need support because area.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force costs, labor force diversity, overall work expenses dispersed per place, total employment costs per cycle and much more.
environments around the world I offered leadership and technique to populations of over a hundred thousand staff members in more than 170 countries today I'm the payroll techniques for as Mark stated I work across business managing and building external relationships supporting Enterprise customers and solutions along with serving as a consultant for those of you that don't understand who papaya International is papaya is the first payroll and payments
business to make the time 100 list for a lot of prominent companies worldwide we supply payroll payments and workforce management to all worker key ins over 160 countries I am pleased to state that we likewise have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning good afternoon excellent evening depending upon where you remain in the world it's beautiful to fulfill you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've remained in the payments industry for over 10 years and specifically working on the payroll and payment sector for over seven years um I was amazed by the complexity the difficulty in all of the above of
payroll payments and chose to type of make a genuine go at that over the last five or six years where I've sort of had a range of various roles on the supplier side and also on the vendor side from a payroll point of view so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everybody okay thanks Johnny uh we'll just provide everyone another couple of uh well among the 30 seconds approximately to join we all work back to back nowadays so we'll sort of let them do that so it 'd be quite interesting and I can see it going on currently just to hear where everybody is um it's nice to to type of like see where everyone originates from and I actually 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 really really dreary and I want I was elsewhere at this moment in time alright so let's begin 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 companies keep separate
Virtual payroll accounts are an alternative to conventional savings account for managing payroll payments. This is especially helpful for global companies with dispersed and remote labor forces, as it simplifies the complex process of cross-border payments. Instead of maintaining different checking account for payroll in different 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 talk about why they are becoming a strategic possession for payroll executives. We will likewise offer a recap of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments accurately effectively safely and on time during this webinar we'll walk you through the worldwide advantages and disadvantages of a payroll wallet versus a payroll savings account how business precisely forecast their payroll expenses to increase working capital and how improving Global payroll payments can turn them from a siled pane into a tactical property so payroll can be hard in adequate in one nation but when you're doing it globally it's next level and Beyond it becomes intricate for a range of reasons most notably policies compliance data security and banking rules then there are the sheer numbers they add more intricacy the international Workforce is presently three and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and more 1.1 billion people that number is currently 500 million just for for a scale then consider that there are some 230 million businesses and growing all doing their own thing all over the world in the standard payroll model there's frequently a frustrating number of different systems causing lengthy manual procedures and silos the variety of Integrations could be non-existent in big amounts and or very extremely fundamental there's no real consistency structure we're residing in a period of tech however payroll has been sluggish 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 every time I I think
about it to give you a concept of how far there still is to come according to Deloitte just 11 of organizations say they have Labor force information in real time that's another number that provides me sleep deprived nights and quite frankly the more a business spends on global payroll the less of an image they see a lack of visibility also reaches payroll payments and failure to accurately track these payments can result in compliance mishaps in the last mile of the transaction almost half of worldwide services have revealed that they do not have the level of standardization they require in their procedures or desire and as a result eighty percent of errors are due to time reporting bad HCM information data entry mistakes inadequately interacted hires and terminations in addition to lack management and system configurations and after that when you round everything off and the information is shipped to the wrong location the average cost of a worldwide data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still require to move the cash around the world payroll and payments do not run efficiently if they rely on the essential numerous 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 company face when they're paying to employees or otherwise that's a good concern I constantly toss this back and state what is it what doesn't need to be included ideal and what does
it require 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 need to pay from an in-country account do you have to pay from the client's own in-country account so there's complexity wherever you look ideal eventually building a knowledge base is definitely crucial however all over you look with payroll payment they are like extremely payments no if however some children about it you are all superheroes processing payments for payroll if you take a look at the kind 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 absolutely fundamental and technology is allowing us to type of progress with that it also too to add to that payroll and finance need to work closer together um with differing Checking account Details differing banking requirements and setup processes is absolutely essential that payroll and financing teams work more detailed together than ever um I'm constantly amazed when people say I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not work in the payroll occupation would they split the payroll payment from calculation 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 ultimately it's payroll is an end-to-end procedure it's the point of information 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 sort of the level of complexity there's more and more benefits being organ or being offered by businesses throughout the world so again you're just seeking to include a growing number of payments to this currently intricate landscape so if you sort of got any experience well I'm from your large experience here and I make certain but have you got any experience in kind of genuine challenges or real tough kind of pay uses to play to pay people I believe yeah I imply over the last well yeah a number of decades I would certainly state that the bigger a service gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the job there are groups feeding information into the next function as it were that's in fact managing the payment side of things however you understand 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 at the same times that we run in they simply make them more timely they make them less effective and they do not make them what they require to be in in an age of tech and an age that you understand that we are working in today there is no reason that we are still making this as tough as it requires to be concurred and appropriately as you stated payroll is the single greatest liability that any company has from a cost perspective from an effect viewpoint on employees 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 have to be done right it has the biggest damaging result on people's well-being and numerous other elements if individuals aren't paid uh I've constantly been surprised entering into this Market kind of the last 5 to ten years is how little thanks the
The payroll team may not have been thanked for correctly processing payroll throughout a webinar. If anyone has actually been thanked, it would be terrific to hear their success story, whether it's from all employees or not. Payroll is an essential cycle, and people only observe when things fail. However, when things go right, it's seen as just a regular job. This is how it's viewed externally too. Therefore, it is necessary to ensure that tasks like Wi-Fi Global and other important matters are done correctly. Utilizing the first International Payments very first payroll payment option is an excellent preliminary step towards providing an extensive payroll solution for workers worldwide. Standardization, worldwide procedures, and decreasing the number of tools, platforms, and checking account required for global payroll are key factors in attaining organization success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally receive a few problems when things do not go as planned. Eventually, we don't do it for the gratitude.
anyway we know how how crucial a function 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 picture sorry I'm just I was just gon na say imagine the amount of thanks you got if you could cover the quantity of individuals that we cover within this webinar I make certain we're talking about hundreds of thousands possibly Millions think of getting that numerous thank you keeps in mind um I imply it 'd be interesting to see the number of Post-it notes you got but it would definitely be an interesting task attempting to clean up all those up for sure oh absolutely I can't imagine the size of my my Outlook inbox if that held true um you 'd require days of the week to try to browse them and actually see what was going on and type of try to return to everybody so moving on look why do business select to main separate bank accounts there are businesses out there doing precisely this for particular countries and I've operated in a business or many businesses doing exactly that I can state it doesn't always feel efficient and it does develop more work I know we're not deliberately doing that we're not developing additional work for any person where we don't have to and anyone that's handling that process 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 people have got so used to we need a new bank account we open an entity and rightly so you need it for payroll functions however there are a variety of markets where it's not a requirement so I believe it's simply been the standard and the norm individuals have adopted and continue to do over years and years passed by to add to that people have taken a look at things like trust accounts and many other methods um to to sort of do it so I believe there's a range I believe this is a process that needs taking a look at it requires altering but ultimately individuals are really stuck to what they're familiar
with right um modification is a difficult thing all of us don't like change um so I think it's just sort of moving away from the standard as we've said so yeah so it keeps a great deal of track of stuff um I comprehend obviously the benefits of having keeping numerous savings account however there's a huge quantity of intricacy goes with setting up a savings account keeping it ensuring it can send International transfers ensuring it's set up with the best user accesses for individual people so the complexity is huge however I believe the truthful answer is change um individuals have not been able to alter or haven't had necessarily the understanding to really make that change into alternate Solutions aside from opening a savings account I think you've hit the nail on the head I believe it is knowledge you understand and there is an element of resistance to alter but we have actually constantly 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 nearly be figured out to be the next Century or so there is a lot to keep an eye on and this approach does position several challenges um so Johnny might you tell us about those obstacles yeah naturally so there's a variety right there is so
I just recently made a modification to our Business system by transitioning to OS. As a result, we can now manage our payroll and payment tasks on one platform. It seems like our CFO has actually gotten another CFO, and with this enhanced ability, I have actually effectively secured payments for our 10,000 workers worldwide. Your commitment to mastering worldwide payroll and payments using Papaya payroll OS is good. You should have a corner workplace with a parking space that is closer, considering your accomplishments.
Sure Payroll Vs Papaya Global