Papaya Global Hong Kong 2024 – FAQ

Factors to consider and Papaya Global Hong Kong …
The comprehensive features of come at a cost,

 

Over the past few decades, the labor force has actually undergone a significant change with the introduction of remote work, which has gotten rid of geographical restraints on hiring. This has actually allowed services to hire talent from all over the world, enabling them to put together the best possible team for each role. As a result, employees have acquired higher flexibility to work from home and increase their earnings without having to relocate to pricey locations or commute fars away. According to a 2022 study, 87% of staff members who have the option to work remotely pick to do so. The COVID-19 pandemic, integrated with advancements in business connectivity software application, has even more accelerated the shift towards remote work, even in industries that were initially hesitant to adopt the pattern.

insights are important to us and and your fellow participants so first things first though um let’s get to know everyone my name is Ian Charles and I have actually worked in payroll for the last 25 years I have actually had functions in all type of Industries retail and Charm to Aerospace in all kinds of companies start-up to matrixed environments across the globe I offered leadership and technique to populations of more than 100,000 staff members on a month-to-month basis and in over 170 countries today I’m the perel strategist for papaya

Global I work across business male maning and building external relationships supporting Enterprise clients and services and serving as a consultant I wish to present our first Greg um visitor Greg who will kick things off by telling us um who he is and a bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our in-house legal group and actually work really closely with our um HR department as well to handle different legal and HR matters that come up so really excited to be here about bambo HR if if you’re not familiar with us uh at bambo HR we state our mission is to set you as HR experts complimentary to do great

Application Barriers:
Although Papaya Global offers integrations with numerous HR and financing systems, we experienced some difficulties during the combination procedure. Tailoring the software to line up with our existing infrastructure showed to be more intricate than anticipated, resulting in hold-ups in the initial rollout.

Prices Concerns:
The substantial features used by Papaya Global come at a cost, which a few of our smaller sized subsidiaries found to be prohibitively costly. As a global organization, we needed to thoroughly weigh the requirement for sophisticated performance against budget plan constraints.

Support Action Time:
On occasion, our groups experienced issues that required immediate help. However, the action time from Papaya Global’s client support group was not always as prompt as we would have liked, resulting in hold-ups in resolving those issues.

Our application of involved a phased technique. We started by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing procedures. This enabled us to identify and address combination challenges early on. As the software application became more instilled in our operations, we gradually broadened its usage to cover our entire global labor force.

The automated functions streamlined our payroll procedures, reducing the time spent on manual calculations and compliance tracking. Routine training sessions and ongoing support from Papaya helped our groups end up being proficient users of the software application, maximizing its potential for our organization.

Business that employee workers throughout numerous nations often deal with elaborate challenges when it concerns managing their workforce. One of the most significant hurdles is combining different data streams and sticking to diverse regional and nationwide labor regulations, which can be both lengthy and costly. Additionally, establishing regional entities in new regions can be a costly and suboptimal option, with options such as opening a foreign subsidiary or working with a professional work company (PEO) typically charging up to 15% of the payroll. These obstacles have actually caused a significant boost in difficulty hiring qualified workers, with 75% of employers reporting this concern in 2022, a 21% boost from 2019. The payroll and HR solutions market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

offers an option supporting all kinds of employment. It provides an end-to-end platform, from worker onboarding and ongoing management to international payments and. It assists companies with labor law compliance in the jurisdictions in which they operate, provides management of employment advantages, and ensures data privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading expert in payroll and labor force management. She co-founded after seeing the technology space in global.

papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to go to the total webcast in order to receive your credits if you have any questions during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your web browser with the webcast study please make certain to complete it as soon as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hi and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to guideline accomplishing

360 degree employee compliance where we’ll dive into the important aspects of the employee compliance management design throughout the session we’ll explore real world challenges genuine regional policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and workers while staying compliant in an

Papaya Global Hong Kong 2024 – FAQ

Factors to consider and Papaya Global Hong Kong …
The detailed features of come at a cost,

 

Recent decades have actually seen a remarkable change to the workforce as the increase of remote work has actually broken down geographical barriers to employing. Businesses can now hire staff from anywhere worldwide, enabling them to access the best available skill for any given function. This provides employees more flexibility to work from home and increase their income without moving to costly areas or commuting long distances. A 2022 study discovered that 87% of employees who have the opportunity to work remotely take that chance. The break out of COVID-19, in conjunction with brand-new enterprise connection software application, sped up the relocate to remote work, consisting of in industries formerly reluctant to welcome the pattern.

insights are valuable to us and and your fellow participants so first things initially though um let’s learn more about everyone my name is Ian Charles and I have actually worked in payroll for the last 25 years I’ve had roles in all type of Industries retail and Beauty to Aerospace in all types of services startup to matrixed environments across the globe I supplied leadership and technique to populations of more than 100,000 workers on a regular monthly basis and in over 170 nations today I’m the perel strategist for papaya

Global I work across business guy maning and building external relationships supporting Business customers and solutions and serving as a consultant I wish to introduce our first Greg um guest Greg who will kick things off by informing us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian stated my name is Greg Piper uh I am the senior business counsil at bambo HR so I lead our internal legal team and actually work extremely closely with our um HR department also to manage numerous legal and HR matters that come up so truly thrilled to be here about bambo HR if if you’re not acquainted with us uh at bambo HR we state our objective is to set you as HR specialists complimentary to do terrific

Execution Obstacles:
Although Papaya Global offers integrations with various HR and finance systems, we experienced some difficulties throughout the combination procedure. Personalizing the software application to line up with our existing facilities showed to be more intricate than expected, resulting in hold-ups in the initial rollout.

Pricing Concerns:
The substantial features provided by Papaya Global come at an expense, which a few of our smaller sized subsidiaries found to be prohibitively costly. As a global organization, we had to carefully weigh the requirement for sophisticated functionality against budget restraints.

Support Reaction Time:
On occasion, our teams experienced concerns that needed immediate assistance. Nevertheless, the reaction time from Papaya Global’s consumer support group was not constantly as timely as we would have liked, resulting in delays in fixing those concerns.

Our execution of included a phased method. We started by onboarding a few subsidiaries to check the system’s compatibility with our existing processes. This permitted us to recognize and attend to combination difficulties early on. As the software application became more implanted in our operations, we gradually expanded its use to cover our entire global workforce.

The automated functions streamlined our payroll processes, reducing the time invested in manual computations and compliance tracking. Routine training sessions and continuous assistance from Papaya assisted our groups end up being competent users of the software, maximizing its capacity for our organization.

Companies that staff member workers throughout several nations frequently face elaborate challenges when it comes to managing their workforce. Among the biggest difficulties is combining different information streams and adhering to diverse local and national labor guidelines, which can be both lengthy and costly. Moreover, setting up regional entities in new regions can be a pricey and suboptimal alternative, with alternatives such as opening a foreign subsidiary or working with a professional employment organization (PEO) typically charging up to 15% of the payroll. These difficulties have resulted in a substantial boost in trouble hiring qualified workers, with 75% of employers reporting this problem in 2022, a 21% increase from 2019. The payroll and HR services market, valued at $26.4 billion in 2022, is expected to reach $50.4 billion by 2030.

provides a service supporting all types of work. It offers an end-to-end platform, from employee onboarding and continuous management to worldwide payments and. It assists business with labor law compliance in the jurisdictions in which they run, provides management of work advantages, and ensures data privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. A business owner with 15 years of experience, she is a leading expert in payroll and workforce management. She co-founded after seeing the innovation gap in international.

papaya this webcast has actually been pre-approved for hrci and Sherm credit please be sure to participate in the complete webcast in order to get your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a brand-new tab will open in your web browser with the webcast survey please be sure to complete it as quickly as the webcast has actually ended it is now my pleasure to turn it over to Pap and bamboo HR for their presentation hi and thank you for joining us today we’re thrilled to have you here as we embark on a journey of information to guideline accomplishing

360 degree employee compliance where we’ll dive into the vital aspects of the employee compliance management design throughout the session we’ll explore real world difficulties real regional policies finest practices and the role of Automotion in simplying compliance journey be prepared to emerge in a comprehensive understanding of how to secure your company and staff members while staying compliant in an

Papaya Global Hong Kong 2023 – Dedicated for Global Workforce

As the recently retired CEO of among The United States and Canada’s biggest tech business…Papaya Global Hong Kong… I had the benefit of experiencing the development of payroll management firsthand. From the days of manual estimations and stacks of paperwork in 1995 to the smooth, automatic systems these days, the change has been absolutely nothing short of impressive. In this article, I will share my experiences and highlight the game-changing function played by Papaya Global, an ingenious software application service provider that transformed how we managed our business’s compensation.

Rewinding back to 1995, management was a laborious and lengthy procedure. HR departments had to manually compute worker incomes, reductions, and tax withholdings. The documentation was frustrating, and the margin for human mistake was substantial. professionals invested numerous hours guaranteeing precise calculations, typically leaving them with little time for tactical activities.

For many years, technological improvements slowly improved payroll procedures. The introduction of spreadsheets simplified calculations, however the underlying difficulties remained. As our company grew, so did the complexity of our requirements. We needed a scalable service that might handle our expanding global workforce.

Enter Papaya Global: A Game-Changer in Payroll Management
In our mission for a thorough payroll service, we found. Founded in 2016, emerged as a disruptor in the market, leveraging innovative technology to enhance and automate procedures for international companies. Their cloud-based platform used end-to-end management, taking on whatever from employee onboarding to tax compliance.

stood apart for several factors:

Seamless Onboarding: Papaya Global streamlined the onboarding process, making it possible for employees to enter their information straight into the platform. This eliminated the requirement for manual data entry, reducing errors and saving important time.

Worldwide Protection: With a growing worldwide existence, our business required a payroll provider efficient in handling operations in several countries.’s worldwide coverage and expertise guaranteed compliance with local regulations, reducing the burden on our HR groups.

Automation and Combination: incorporated with our existing HR systems, enabling smooth information circulation and getting rid of the need for replicate entry. The automation of computations and tax withholdings significantly minimized errors, guaranteeing prompt and accurate payments.

Compliance Facilitated: Remaining compliant with ever-changing tax and labor laws is a difficulty for international business.’s robust compliance engine handled complicated payroll regulations easily, guaranteeing we remained in excellent standing with local authorities.

Reporting and Analytics:’s user-friendly control panel provided real-time insights into our payroll data. We gained visibility into costs, labor circulation, and compliance metrics, empowering us to make data-driven choices and enhance our workforce management strategies.

Scalability: As our business expanded, Papaya Global scaled effortlessly with our development. Whether it was adding new staff members or going into new markets, their platform proved to be versatile and versatile to our developing needs.

vs. Competitor X: A Head-to-Head Contrast
To provide a detailed evaluation, let’s compare to a leading rival in the payroll market, Competitor X. While Rival X is certainly a reputable provider, uses numerous distinct advantages:

Papaya Global Pros:

Advanced Automation:’s automation abilities outperform Rival X, reducing manual effort and enhancing precision.

Global Expertise:’s in-depth understanding of global regulations goes beyond Competitor X, making sure compliance across borders.

Seamless Integration:’s smooth integration with existing systems decreases interruption and information transfer challenges compared to Rival X.

Reporting and Analytics:’s analytics features provide deeper insights and customizable reporting options, offering an exceptional data-driven technique.

Scalability and Versatility:’s platform easily accommodates organizational growth and altering labor force dynamics, surpassing Rival X in scalability.

Onboarding Experience: Papaya Global’s user-friendly onboarding experience simplifies staff member information collection, while Rival X falls short in this regard.

Cons:

Learning Curve: While Papaya Global’s platform is easy to use, it might need some initial training for HR teams not familiar with the system.

Rates Structure:’s prices model may be slightly greater compared to Rival X, although the added worth validates the investment.

Minimal Language Support:’s language assistance might not be as substantial as Rival X in particular areas.

Consumer Assistance: While typically responsive,’s client assistance might take advantage of additional enhancement to match the industry’s leading standards.

has revolutionized our company’s payroll management, changing a as soon as manual and error-prone process into a structured, automated, and compliant system. Their thorough option and commitment to development have actually made them a true industry leader. By leveraging’s advanced capabilities, we have actually conserved time, reduced errors, and got important insights into our payroll information.

As they say, “Why did the payroll software application go broke? Since it could not rely on anybody!” Fortunately, with Papaya Global, that punchline stays nothing but an amusing tip of how far we have actually can be found in management.

Picking the best software is crucial when it comes to handling efficiently and efficiently. As somebody responsible for accounts and HR in your business, you comprehend the need for a trusted service. In this article, we will compare 2 leading software service providers, and Deel. By evaluating their drawbacks, advantages, and features, we intend to assist you in making an informed choice for your company.

: Streamlined Global Management

provides a detailed option with a strong concentrate on international management.

The platform incorporates perfectly with existing systems and simplifies information transfer processes.
With, you can deal with intricate payroll requirements, including tax compliance and reporting, for multiple countries easily.

The automated calculations and robust compliance engine make sure precision and regulative adherence.
The reporting and analytics functions offer real-time insights into information, enabling data-driven decision-making.

‘s scalability permits simple expansion as your business grows.
Deel: Simplifying Worldwide Payments and Compliance

Deel primarily focuses on global payments, professional management, and compliance.
The platform streamlines payments to specialists worldwide, guaranteeing timely and precise compensation.
Deel’s compliance features assistance companies navigate the complexities of global labor laws and tax guidelines.

The intuitive interface and easy to use design make onboarding and handling contractors problem-free.
Deel’s integrated document management ensures appropriate recordkeeping and compliance with employment contracts.

The platform’s dashboard provides a summary of professional payments and financial analytics.
Comparing and Deel:

To help you decide in between and Deel, let’s examine their essential functions, advantages, and restrictions.

:

Global Payroll Management:’s primary strength lies in its capability to handle complexities for multinational companies.
Robust Compliance Engine: The platform masters managing compliance with regional labor laws, tax regulations, and reporting requirements.
Seamless Combination: Papaya Global flawlessly integrates with existing systems, decreasing disturbances and information transfer obstacles.

Real-time Reporting and Analytics: The reporting and analytics abilities offer valuable insights into expenses, labor distribution, and compliance metrics.
Scalability:’s solution easily accommodates organizational growth and altering labor force characteristics.

Learning Curve: Initially, HR teams might need some training to completely utilize all the features provided by Papaya Global.

Pricing Structure:’s prices design might be a little higher compared to some competitors.
Deel:

Specialist Management: Deel’s primary focus is on streamlining payments and managing professionals internationally.

Compliance Assistance: The platform provides robust compliance features, assisting companies navigate global labor laws and tax regulations.

User-Friendly Interface: Deel’s user-friendly design and streamlined onboarding procedure make it easy to manage specialists.

Document Management: Deel’s integrated document management ensures appropriate recordkeeping and compliance with employment agreement.

Financial Analytics: The platform provides a clear introduction of contractor payments and monetary metrics.

International Payroll Limitations: Deel’s management features may be more limited in comparison to.

Limited Language Assistance: Deel’s language assistance might be more limited in particular areas.
Surveying the Neighborhood: Which Is Much better?

To get a wider point of view on which software application users prefer, it would be beneficial to carry out a poll within your business or market. Think about the list below aspects when designing the poll:

Reduce of Use: Which software is more intuitive and user-friendly for your team’s specific needs?

Global Management: Which platform better accommodates your company’s international requirements?

Compliance and Reporting: Which software provides remarkable compliance management and reporting features?

Payroll updates can be made easily on the task or org level depending upon gain access to consents when you’re logged in click on the payroll Tab and after that select org you’ll see a list of jobs in the export tab examine the job or jobs you want to click and update download open the downloaded XLS file and allow editing if needed this file enables you to upgrade variable items as required please note

that settlement items as specified in the employees agreement can not be changed completely in this file when you’re done making your updates conserve the file go back to the platform choose the import Tab and after that click import utilize the file you updated and upload it to the platform prior to submitting you will see a confirmation dialog listing the jobs in the file next time you download the file all the modifications that you made will be highlighted in red you can keep editing the data till the cutoff date after cutoff the information is

papaya is a worldwide workforce management option supporting clients with their growth in over 140 nations helping customers with every type of employment from eor through and specialists management our technology create a sas platform that unify and consolidate whatever that takes place in the company from onboarding to the cycle and the payments we co-founded a company in 2016 and we presently have more than 250 staff members globally israel u.s europe and australia we are growing in 300 year-over-year given that we began and we raised more than 190 million dollars to date from leading investors as within endeavor partners bessemer scale workday and group 11. we are presently serving more than 500 customers around the world since 2019 to 2021 we tripled the numbers year over year from 10 million dollars in error to more than 90 million dollars to date papaya’s core innovation is focused about automation and compliance which are type in order to guarantee that we can develop international that scale from producing innovation that is compliance with whatever that is related to the most innovative security and privacy policy through full automations of whatever that is related to our information and the cycle this is how we process worldwide payroll at scale for hundreds of clients we believe that integration is a secret for an effective worldwide operation

this is why in papaya we incorporate with everything that creates information in the community and in the companies we integrate with hris with time and participation with costs management and with erp system in order to produce one combine and combined experience while doing so information is the most sensitive data in the organization this is why we take security and personal privacy very seriously and we satisfy the highest requirements in the industry we are so certified we fulfill simple regulation in our personal privacy and security requirements we make sure that everything we keep in the system is exceptionally safe among the most important thing is that we can transform your payroll data into insight and analytics that the company can comprehend and process much better each and every single piece of data that you are searching for you’ll be able to discover on a real-time basis through our bi and reportings

guaranteeing that you comprehend how many individuals works at the organizations what’s the diversity ratio what’s the total expense what’s the advantage cost whatever under one single dashboard that can filter and consolidate whatever globally our company believe that worker experience is the most important thing in the cycle this is why we created the personal website where we supply the workers whatever that they need to discover about their employment from onboarding kinds developing an overall paperless experience to payslips and yearly reporting everything under one combine portal worldwide any place you papaya but are is not just about software application and system it’s about proficiency due to the fact that is complex and in order to process payroll internationally you require to have the resources you require to comprehend you require the specialists to explain and to take you side by side anywhere you work globally this is why we developed an extremely unique resource centers to help you with everything that you need from compensation and after that specialist to center of excellence to individuals that comprehend

everything from immigration to advantages they are all supporting your global journey at papaya we want to guarantee that we eliminate all barriers for worldwide employment global equity is a really huge issue it’s complex but it’s very important this is why we created a very unique global equity solution to assure that your workers can benefit the exact same worldwide equity plans while we manage everything that belongs to the tax that is related to their equity any place they live internationally papaya has actually been selected to be the growth partners of some of the world’s fastest growing companies