We’re currently living through a once-in-a-generation pandemic, and workers are taking the time to reflect on what’s most important to them. As workers re-evaluate their priorities and we move into a sort of post-pandemic reset, Microsoft has released research predicting a jump in job turnover, an effect that has been dubbed ‘The Great Resignation’. Locally, Gartner estimates that around […]
12 February and 1 March 2020 saw new rules for annual wage arrangements come into effect for several awards. However, despite these new rules applying to businesses across a range of industries, many organisations have still not yet formulated an approach to meeting the new regulations. This article aims to assist businesses in formulating a […]
Profit From Payroll
10/09/2020
This is an excerpt from Payroll HQ’s Efficiency, Compliance and Accuracy Whitepaper Employers often consider their payroll function a necessary interference that happens as part of being in business. Assuming it is a fixed cost that can’t be changed, and a hopeful naivety that those doing the actual processing have the skills and expertise to […]
Navigating Risk, Regulation and Compliance
26/08/2020
This is an excerpt from Payroll HQ’s Efficiency, Compliance and Accuracy Whitepaper Legal requirements for payroll processes are extensive. There are more than 40 Acts of Parliament that regulate different aspects of the payroll process in Australia. No matter what the employer size, many of these need to be considered when running your payroll function. […]
This is an excerpt from Payroll HQ’s Efficiency, Compliance and Accuracy Whitepaper It will come as no surprise that we are in a period of advancement where change is taking place at a blistering rate. Klaus Schwab, Executive Chairman of the World Economic Forum defines the current change as so significant that we are witnessing […]
As of 1st of March 2020, Fair Work has announced a number of changes to 22 Modern Awards, affecting employees with annual salaries. The changes are designed to ensure an “annual salary employee” is always paid at or above award rates. What are the changes? Depending on which of the 22 affected modern awards apply […]
How to Improve Payroll Productivity
04/07/2019
Traditionally, the number of payslips per payroll FTE is used to measure productivity in payroll. However, when this metric is used for productivity, proper consideration must be given to the industry sector which the payroll is processed in, another key factor is whether payroll is managed, inhouse vs outsourced. These factors help ensure the metric […]
What does Payroll look like in the Future
29/03/2019
2018 saw big changes across the digital landscape, particularly surrounding data privacy. One of the biggest scandals to hit in 2018 was the Facebook Cambridge Analytica scandal, which broke in March 2018 shocked the world. Around the same time, the European Union launched the General Data Protection Regulation, which has been viewed as one of […]
Single Touch Payroll
14/02/2019
Single Touch Payroll (STP) will be the single biggest taxation compliance change facing Australian businesses since the introduction of the GST. In July 2018 the ATO introduced STP for businesses employing 20 or more workers and the obligation will extend to employers of less than 20 staff from July 2019. STP will require all business […]
During 2018 the Fair Work Ombudsman fined a record number of Australian business who either unknowingly or knowingly processed their payroll incorrectly with underpayment, of hourly rates and failure to meet payslip requirements topping the non-compliance list. Without a doubt, the veritable quagmire of legislation and regulation in Australia is a contributing factor. The result […]
