Find out more about Papaya Global Payroll Sales Representative Salt Lake City ... We now have the ability to handle both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually gotten a different Chief Financial Officer specifically dedicated to handling payments. This provides us with a secure and reputable technique of paying to our 10,000 staff members worldwide.}
The advanced global payroll management app improves my payroll process, saving me a considerable amount of time every month. With its user-friendly user interface, I have access to a single dashboard that efficiently handles my payroll, EOR, and contractors.
Staff member Portal
Employees have access to a Worker Website where they can see their pay slips, wage and tax statements and work documents. The website is offered in numerous languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global helps business provide competitive benefits plans to worldwide staff members no matter the number of staff members in the company. The business can set up medical insurance, short-term and long-term impairment, vision, oral and maternity leave while getting rid of the requirement to source local benefits suppliers in every country, produce local accounts and have a minimum variety of employees.
The HR abilities supplied by Worldwide HR incorporate numerous functions such as monitoring trip time, making sure compliance, helping with the procedure of welcoming new workers and bidding farewell to leaving ones, offering a safe online platform for storing employees' files, and offering support for work permit treatments in case your employees need support because area.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into labor force spending, workforce variety, overall work expenses dispersed per place, total employment costs per cycle and much more.
environments around the world I provided leadership and strategy to populations of over a hundred thousand employees in more than 170 nations today I'm the payroll techniques for as Mark said I work throughout business managing and building external relationships supporting Business customers and solutions as well as functioning as a consultant for those of you that do not understand who papaya Global is papaya is the first payroll and payments
company to make the time 100 list for many influential business on the planet we offer payroll payments and workforce management to all employee types in over 160 countries I am pleased to state that we also have as Mark stated Johnny Nash with us today Johnny would you like to present yourself of course thank you good morning great afternoon excellent night depending upon where you remain in the world it's beautiful to satisfy 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 market for over 10 years and particularly dealing with the payroll and payment sector for over 7 years um I was fascinated by the intricacy the problem in all of the above of
payroll payments and decided to kind of make a real go at that over the last 5 or six years where I've sort of had a variety of various functions on the supplier side and also on the vendor side from a payroll viewpoint so truly looking forward to this discussion today um and yeah thank you very much for your time everybody alright thanks Johnny uh we'll simply provide everybody another couple of uh well one of the 30 seconds approximately to join all of us work back to back nowadays so we'll type of let them do that so it 'd be rather fascinating and I can see it going on already just to hear where everyone is um it's nice to to type 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 extremely extremely uninspiring and I want I was elsewhere at this moment in time all right so let's get going our agenda for today is as follows um we are going to be taking a look at the obstacle years of handling International payroll why business keep different
Virtual payroll accounts are an option to traditional checking account for handling payroll payments. This is particularly useful for global organizations with dispersed and remote workforces, as it simplifies the intricate process of cross-border payments. Instead of maintaining different savings account for payroll in various nations, virtual accounts and digital wallets use a more streamlined service. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are becoming a tactical asset for payroll executives. We will also provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Making sure accurate, efficient, and prompt payroll payments is a complex difficulty for services running worldwide. Join us for a webinar to explore the benefits and disadvantages of payroll wallets versus payroll bank accounts, find out how business forecast payroll costs to optimize working capital, and find how enhancing international payroll payments can change them from a difficult task into a tactical property.
Managing payroll internationally is a complicated task due to various policies, compliance requirements, data security concerns, and banking rules. The large number of employees and companies contributes to the intricacy, with an approximated 3.5 billion individuals in the global labor force, 500 countless whom remain in Africa, and 230 million organizations worldwide.
Traditional payroll systems often result in manual processes, information silos, and an absence of integration, causing disparities and ineffectiveness. Regardless of residing in a period of technological developments, payroll management has been sluggish to adjust, with as much as 25% of payroll still processed manually, frequently using pen and paper. This webinar goals to supply insights and solutions to simplify and enhance international payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte only 11 of services state they have Labor force data in real time that's another number that gives me sleep deprived nights and rather honestly the more a company spends on worldwide payroll the less of a picture they see an absence of exposure also extends to payroll payments and inability to accurately track these payments can cause compliance accidents in the last mile of the deal nearly half of international businesses 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 due to time reporting poor HCM information information entry mistakes improperly 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 expense of a global data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash all over the world payroll and payments don't run smoothly if they count on the essential numerous processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the obstacles organization 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 does not need to be consisted of best 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 amount of time there's payment capabilities 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 complexity any place you look right ultimately building a knowledge base is absolutely vital however everywhere you look with payroll payment they are like extremely payments no if however some babies about it you are all superheroes processing payments for payroll if you take a look at the kind of link between fintech and payroll it's closer than ever I believe there's now a bit more recognition that payroll payments are absolutely basic and innovation is enabling us to type of progress with that it also also to add to that payroll and finance require to work closer together um with varying Bank Account Details differing banking requirements and setup processes is definitely essential that payroll and finance teams work better together than ever um I'm constantly impressed when people say I have actually split payroll and payment um if you walk down the street and asked anyone what is payroll who doesn't work in the payroll profession would they split the payroll payment from estimation I would say no so why do we as a market accept that why our payroll and payments so frequently split and cut up um ultimately it's payroll is an end-to-end process it's the point of information collection all the way through to paying people anywhere they are but also paying statutory authorities and on statutory third parties so with the
world we reside in and wellness being increasingly more important to add to kind of the level of complexity there's a growing number of benefits being organ or being offered by companies throughout the world so again you're simply aiming to add increasingly more payments to this already complex landscape so if you kind of got any experience well I'm from your large experience here and I'm sure however have you got any experience in kind of genuine difficulties or genuine tough kind of pay utilizes to play to pay individuals I believe yeah I imply over the last well yeah a number of years I would absolutely say that the bigger a company 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 teams feeding info into the next function as it were that's actually managing 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 produce extra 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 need to be in in an era of tech and an era that you know that we are working in today there is no reason why we are still making this as hard as it needs to be agreed and appropriately as you said payroll is the single most significant liability that any service has from an expense perspective from an impact perspective on staff members it is absolutely crucial that it's done correctly and on time so what we suggest by that is not a day before not a day after on pay day and payments have to be done right it has the most significant destructive effect on individuals's well-being and many other aspects if people aren't paid uh I've constantly been astonished entering this Market sort of the last five to ten years is how little thanks the
The payroll group might not have actually been thanked for properly processing payroll throughout a webinar. If anybody 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 individuals just observe when things go wrong. However, when things go right, it's viewed as simply a regular job. This is how it's perceived externally too. For that reason, it is essential to make sure that jobs like Wi-Fi Global and other essential matters are done correctly. Utilizing the first International Payments very first payroll payment option is a terrific preliminary action towards offering a detailed payroll option for employees worldwide. Standardization, global processes, and decreasing the variety of tools, platforms, and bank accounts necessary for global payroll are essential consider accomplishing organization success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally get a couple of problems when things don't go as planned. Eventually, we don't do it for the gratitude.
anyway we know 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 likewise so picture sorry I'm simply I was just gon na say picture the quantity of thanks you got if you might cover the quantity of people that we cover within this webinar I make certain we're discussing numerous thousands potentially Millions envision getting that many thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got but it would definitely be an intriguing task attempting to clean 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 require days of the week to try to look through them and really see what was going on and type of shot to return to everybody so carrying on look why do business pick to primary different checking account there are businesses out there doing precisely this for particular nations and I have actually operated in a company or lots of companies doing precisely that I can state it does not constantly feel efficient and it does create more work I understand we're not intentionally doing that we're not developing additional work for anybody where we don't have to and any person that's handling that process I 'd be interested to hear your thoughts Johnny why do you believe that we're doing that in in the in the quantity that we are I believe many reasons one is it's the standard I think people have got so used to we require a new checking account we open an entity and appropriately so you require it for payroll purposes but there are a variety of markets where it's not a requirement so I think it's just been the standard and the standard the people have actually embraced and continue to do over years and years passed by to contribute to that people have actually taken a look at things like trust accounts and lots of other methods um to to sort of do it so I think there's a range I believe this is a procedure that requires taking a look at it requires altering however eventually individuals are very stuck with what they're familiar
with ideal um change is a tough thing we all don't like change um so I believe it's just sort of moving far from the norm as we have actually said so yeah so it keeps a lot of track of stuff um I understand undoubtedly the advantages of having keeping several checking account however there's a substantial quantity of complexity opts for setting up a checking account keeping it ensuring it can send International transfers ensuring it's established with the ideal user accesses for private individuals so the intricacy is huge however I think the honest response is change um individuals haven't been able to change or have not had always the knowledge to really make that change into alternate Solutions besides opening a bank account I believe you have actually hit the nail on the head I believe it is understanding you understand and there is a component of resistance to change but we have actually constantly done it that way is no real excuse for not looking at the the advantages and the possibilities of moving on and moving into you know what might practically be figured out to be the next Century or so there is a lot to keep an eye on and this approach does pose a number of challenges um so Johnny might you inform us about those obstacles yeah of course so there's a variety right there is so
I just recently made a change 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 gotten another CFO, and with this enhanced ability, I have actually successfully secured payments for our 10,000 staff members worldwide. Your devotion to mastering international payroll and payments utilizing Papaya payroll OS is commendable. You deserve a corner office with a parking space that is better, considering your accomplishments.
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