Payroll benchmarking is a balancing act between the need for governance and compliance in the payroll function versus the cost of delivery.
It’s only at the intersection of compliance and efficiency that organisations can rest easy that they have a highly valued payroll operation that is providing tangible value to their organisation.
There are only three things that cause payroll problems and it’s only when you have all three areas working together as best practice that you achieve the desired balance between value and results. The three areas are People, Processes, and Technology.
If two or more of these areas are substandard, you can have any combination of problems in your payroll that typically puts an organisation at financial, governance and compliance risk.
As we are all aware, technology is being developed at a rate unlike we have ever seen before.
The key is to develop the right mix of technology that works with the specific requirements of your organisation and not just for technology’s sake.
Contrary to popular opinion relating to just ‘doing the pays’, a payroll process should be developed and constantly improved to consider risk, fines, efficiency and governance. If your processes aren’t structured, the best people and technology won’t provide you with the payroll outcomes you are looking for.
All these three things have an effect on compliance and efficiency in your payroll operation.
Once all are in alignment you are best placed to maximise all three areas of payroll and turn a business cost into an operational asset.
Our goal is to support Australian businesses to ensure compliance and efficiency in the payroll operation. We believe that payroll can offer tangible value if delivered correctly.
As we are all aware, technology is being developed at a rate unlike we have ever seen before. The key is to develop the right mix of technology that works with the specific requirements of your organisation and not just for technology’s sake.
Our team consists of professionals dedicated to providing an exceptional service managing and operating outsourced payroll services for businesses ranging from multinationals, to small and medium sized enterprises. Confidentiality is key to any working relationship, but with payroll it is essential. You can have absolute confidence that we treat all data with the utmost sensitivity.
We are registered with the Tax Practitioner’s Board as BAS agents, which means that we need to adhere to a strict code of professional standards, ensuring that your sensitive data is processed with the utmost professionalism, accuracy and informed confidence.
Our focus is to provide a consistent and timely service from dedicated account managers who are committed to providing your business with the highest level of professionalism.
Even though we may be working with you as your outsourced payroll team, our aim is for you to consider our team to be an extension of your business, to create a truly valuable partnership in every regard.
Comprehensive payroll support and advice
Our partners have access to our skilled community of payroll best practice experts. Partners have direct lines of communication available by phone or email at all times and responses.
Specialist payroll consulting
We can provide advisory services and recommendations for all payroll challenges, through partnership with HR professionals.
We regularly complete Payroll Process Audits and Payroll Compliance Audits for our partners, improving the quality and efficiency of their payroll operations and ultimately saving them time and money.
We also work with organisations to evaluate and select payroll technology to ensure you get the best fit for your requirements.
Why outsource a function that is often viewed as a quick and easy process which can be done by any staff member, given the authority? Here are a few reasons to think about, when considering your own business.
Here are a few reasons to think about, when considering your own business.
Business consultants have long advocated outsourcing non-core functions.
A non-core function is one that is not a profit centre (meaning, you don’t charge customers for it). A non-core function may be essential, but doesn’t differentiate your business strategically from competitors.
In most businesses, administrative and back-office activities such as payroll are non-core functions.
46% of employers have no external advisory regarding payroll, so are taking unnecessary compliance risk.
Compliance is crucial when it comes to processing your companies payroll. Having a payroll officer, does not necessarily mean that they are up to date on all legislative changes.
Even if you do ensure that your internal asset is kept up to date by providing continual training opportunities, the risk remains that they may leave at any given time, resulting in high training costs for no certainty in it’s value.