Find out more about Papaya Global Free Payroll For Your Firm ... We now have the capability to manage both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has acquired a different Chief Financial Officer specifically committed to managing payments. This provides us with a protected and reliable approach of paying to our 10,000 staff members worldwide.}
the very best worldwide payroll managment app, conserves me hours of time each month, one single control panel for my payroll, EOR and specialists
The Worker Portal supplies workers with the ability to gain access to and view crucial files such as pay slips, wage and tax statements, and work records. This website is accessible on both desktop and mobile phones and is offered in different languages.
Benefits Administration
Papaya Global helps companies offer competitive advantages packages to worldwide employees regardless of the number of workers in the business. The company can establish health insurance, short-term and long-lasting disability, vision, oral and maternity leave while removing the requirement to source regional benefits companies in every country, develop local accounts and have a minimum variety of staff members.
The HR capabilities offered by Worldwide HR incorporate various functions such as keeping an eye on getaway time, making sure compliance, assisting in the process of welcoming new workers and bidding goodbye to leaving ones, offering a protected online platform for keeping workers' documents, and offering support for work allow procedures in case your workers require help because area.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, workforce variety, overall work expenses distributed per place, overall work costs per cycle and far more.
environments around the world I offered leadership and method to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll methods for as Mark said I work throughout the business handling and building external relationships supporting Enterprise clients and options in addition to serving as a consultant for those of you that don't know who papaya Worldwide is papaya is the first payroll and payments
As a worldwide company, we are honored to be consisted of on the distinguished Time 100 list of the most prominent business worldwide. We focus on supplying payroll and workforce management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as mentioned by Mark. Now, I'll let Johnny present himself. Good day to all, regardless of your area. It's a pleasure to satisfy you and thank you for your valuable time. As Ian discussed, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments market, I have actually focused on payroll and payment solutions for the past seven years. The intricacies and difficulties of this field have always mesmerized me.
payroll payments and decided to type of make a genuine go at that over the last five or 6 years where I've sort of had a range of various roles on the provider side and likewise on the vendor side from a payroll perspective so truly looking forward to this conversation 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 or so 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 everybody is um it's nice to to type of like see where everyone originates from and I truly 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 extremely very gloomy and I wish I was somewhere else at this moment in time alright so let's get started our program for today is as follows um we are going to be taking a look at the difficulty years of handling Global payroll why business keep separate
Virtual payroll accounts are an option to traditional savings account for handling payroll payments. This is especially useful for international organizations with dispersed and remote labor forces, as it simplifies the complicated process of cross-border payments. Instead of preserving separate checking account for payroll in various nations, virtual accounts and digital wallets offer 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 tactical asset for payroll executives. We will likewise supply a recap of the main points covered and leave time for a Q&A session at the end.
Guaranteeing precise, efficient, and prompt payroll payments is a complex obstacle for services operating worldwide. Join us for a webinar to check out the benefits and disadvantages of payroll wallets versus payroll bank accounts, discover how business anticipate payroll expenses to enhance working capital, and discover how simplifying worldwide payroll payments can change them from a challenging task into a tactical property.
Handling payroll worldwide is a daunting task due to various policies, compliance requirements, data security concerns, and banking guidelines. The large variety of workers and businesses contributes to the intricacy, with an approximated 3.5 billion people in the worldwide workforce, 500 countless whom are in Africa, and 230 million services worldwide.
Traditional payroll systems frequently result in manual procedures, information silos, and a lack of integration, resulting in inconsistencies and ineffectiveness. In spite of living in an age of technological advancements, payroll management has been slow to adjust, with as much as 25% of payroll still processed by hand, frequently utilizing pen and paper. This webinar goals to provide insights and solutions to simplify and enhance worldwide payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 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 a company invests in worldwide payroll the less of a picture they see a lack of visibility likewise encompasses payroll payments and inability to precisely track these payments can cause compliance incidents in the last mile of the deal nearly half of global businesses have expressed that they do not have the level of standardization they need in their processes or desire and as a result eighty percent of mistakes are due to time reporting bad HCM information data entry errors improperly communicated hires and terminations in addition to lack management and system setups and after that when you round all of it off and the information is delivered to the wrong location the typical expense of an international 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 several procedures systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the obstacles business face when they're paying to employees or otherwise that's an excellent concern I always throw this back and say what is it what does not require to be consisted of best and what does
it need to be thought about there's varying Bank information so the length of an eye band a swift an account number routing code per country there's payment timespan 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 customer's own in-country account so there's intricacy any place you look ideal eventually building a knowledge base is definitely important however everywhere you look with payroll payment they are like extremely payments no if but some babies about it you are all superheroes processing payments for payroll if you look at the kind of link between fintech and payroll it's closer than ever I believe there's now a bit more acknowledgment that payroll payments are definitely basic and technology is enabling us to type of progress with that it likewise as well to add to that payroll and financing need to work closer together um with varying Savings account Details differing banking requirements and setup procedures is definitely crucial that payroll and financing teams work better together than ever um I'm constantly surprised when individuals state I've split payroll and payment um if you stroll down the street and asked anybody 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 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 individuals anywhere they are but also paying statutory authorities and on statutory third parties so with the
world we reside in and well-being being a growing number of important to add to sort of the level of complexity there's a growing number of benefits being organ or being used by companies throughout the world so again you're just wanting to add more and more payments to this currently intricate landscape so if you type of got any experience well I'm from your vast experience here and I'm sure however have you got any experience in kind of real difficulties or genuine tough type of pay utilizes to play to pay people I believe yeah I suggest over the last well yeah a couple of decades I would absolutely say that the larger a business gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the job there are teams feeding information into the next function as it were that's in fact managing the payment side of things but you know in in my viewpoint and my experience that does not always need to be the case you understand long gone are the times where we require to develop additional handoffs in the processes that we run in they just make them more prompt they make them less effective and they don't make them what they need to be in in an era of tech and a period that you understand that we are working in today there is no reason that we are still making this as difficult as it requires to be concurred and rightly as you stated payroll is the single biggest liability that any service has from a cost perspective from an impact viewpoint on workers it is absolutely critical 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 greatest harmful effect on people's wellness and numerous other factors if people aren't paid uh I've constantly been astonished coming into this Market kind of the last 5 to ten years is how little thanks the
payroll team get um so I'm not sure anyone on this type of webinar has been informed thank you for processing my payroll properly if you have it 'd be terrific to hear your success story and whether that's been from all employees or not um however ultimately payroll is such a crucial cycle we all hear about it when it fails everybody jumps up and down when it goes wrong however when it goes right it's simply a tick box exercise and I believe that's how it's seen from the external view as well um so yeah it's also like why WI-Fi Global why all of this stuff is definitely vital that all of this stuff is done properly so leveraging the first International Payments very first payroll payment solution is a terrific first step um supplying an end-to-end payroll solution for your staff members worldwide once again I believe is another big um process once again aligning and guaranteeing you have standardization Global procedures all of those things are definitely crucial to success success of services and reducing the variety of tools platforms and savings account they need for their Worldwide payroll too could not agree with you more and on the the front in terms of of the thank yous for getting payroll done I've 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 grievances where things have not gone rather where they're indicated to be um I do not believe any of us are actually doing that for for the thanks
anyhow we know how how essential 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 involved in those processes and likewise so picture sorry I'm just I was just gon na say picture the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make sure we're discussing numerous thousands potentially Millions think of 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 intriguing job trying 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 try to browse them and in fact see what was going on and sort of try to get back to everyone so moving on appearance why do business choose to main separate bank accounts there are services out there doing precisely this for specific countries and I've operated in a company or many services doing exactly that I can say it doesn't constantly feel efficient and it does develop more work I understand we're not purposely doing that we're not developing additional work for any person where we do not have to and anyone that's managing 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 amount that we are I think numerous reasons one is it's the standard I think individuals have actually got so utilized to we need a new bank account we open an entity and rightly so you require it for payroll functions but there are a number of markets where it's not a requirement so I believe it's simply been the standard and the norm the people have adopted and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and lots of other methods um to to kind of do it so I believe there's a range I think this is a process that needs looking at it requires altering however eventually individuals are really stuck to what they're familiar
with best um change is a difficult thing all of us don't like modification um so I think it's just kind of moving away from the standard as we have actually said so yeah so it keeps a great deal of track of things um I comprehend obviously the advantages of having maintaining numerous checking account but there's a substantial quantity of intricacy opts for establishing a savings account maintaining it guaranteeing it can send out International transfers ensuring it's established with the best user accesses for private people so the intricacy is substantial however I believe the sincere answer is change um people have not been able to alter or haven't had necessarily the understanding to truly make that change into alternate Solutions other than opening a bank account I believe you've hit the nail on the head I think it is knowledge you know and there is a component of resistance to alter but we've always done it that way is no genuine reason for not taking a look at the the benefits and the possibilities of proceeding and moving into you know what might nearly be determined to be the next Century or two there is a lot to keep track of and this approach does present numerous difficulties um so Johnny might you inform us about those difficulties yeah naturally so there's a range right there is so
I recently made a modification to our Enterprise 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 gotten another CFO, and with this boosted ability, I have successfully protected payments for our 10,000 workers worldwide. Your devotion to mastering global payroll and payments utilizing Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is more detailed, considering your accomplishments.
Sure Payroll Vs Papaya Global