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Any discussion on outsourcing payroll will always have one question: What will be my cost savings on this? The good news is, outsourcing payroll is already proven to be more cost-effective in the long run: companies who outsource save an average of 18% more than those who manage payroll in-house. Employee engagement.
What does the introduction of GDPR mean for Payroll? Why does GDPR matter to payroll? The main reason GDPR matters to payroll is because, under the new regulation, personal data includes that of employees. How it applies to payroll. The post What GDPR Means to Payroll appeared first on Ascender HCM.
The past years have seen the rise of several trends in modernising Human Resource (HR) processes, with payroll management right at the forefront. Hidekazu Matsubayashi, Regional Sales Manager – Tokyo, Ascender, says AI had the biggest impact on payroll management in the last year, and that will only continue.
This question seems simple enough: do you keep your payroll services in-house, or do you outsource this function to a third-party provider? Despite the simplicity, however, this also tends to be a question that lingers in the “I will think about it later” box, most especially when your payroll does not seem to be broken.
It is time for businesses to get ready for Single Touch Payroll (STP), a new legislation being introduced on 1 July 2018. The new legislation changes the way the Australian government requires businesses to report payroll information to the Australian Taxation Office (ATO), as part of the government’s digital-first initiative.
Advances in Payroll and HR systems have been at the forefront of this revolution. It should be said that the most important functionalities of a payroll system remain that of ensuring full compliance , secure management and seamless staff payment. With the right system, this objective of empowerment is easy to accomplish.
Payroll is about to go through a tremendous legislative change on 1 July 2018 with the introduction of Single Touch Payroll (STP). The new legislation is a change in the way the Australian Government requires businesses to report payroll information to the Australian Taxation Office (ATO). Download our free whitepaper.
Payroll is a critical connector between employee satisfaction and a higher level of business performance. A successful business ensures they embrace a proactive payroll strategy. This infographic shows us the key compliance factors most relevant to Australia’s human resource and payroll professionals.
Sign up and get our free guide to Payroll in Asia. This whitepaper takes you on a tour across Asia and look at the complexities of each country’s payroll to help you effectively manage people, process and policy in a diverse region.
by Inna Wahlberg, General manager for Ascender Asia Services and Krishna Ramalingam, Head of Account Management for Ascender Asia Services. A good example of this holistic approach is Ascender’s “Give, Get, Grow” programme. Give : Ascender employees can choose to give a portion of their wage to a nominated charity.
Sign up and get our free guide to Payroll in Asia. This whitepaper takes you on a tour across Asia and look at the complexities of each country’s payroll to help you effectively manage people, process and policy in a diverse region.
Multi Country Payroll Outsourcing ( MCPO ) is at a tipping point in Asia Pacific. They’re looking for a scalable solution that gives them control, compliance, cost efficiency and provides increased visibility into all of their HR and payroll processes. Download a free Everest Multi Country Payroll Outsourcing white paper.
The time has come to get payroll out of the bunker and into the depths of your enterprise. Payroll management is not just about keeping on top of non-compliance or incorrect payments. So, if your business has not yet tapped into the powerful resource of payroll as a value-add, it is time to take stock of its functionality.
How confident is your organisation on your HR and payroll compliance? In this whitepaper, you’ll find an investigative look atpayroll compliance, covering business confidence and compliance in their companies, interdepartmental collaboration, and data security. Sign up and get our free compliance guide.
Through it all, payroll specialists have played an essential role in helping ease worries by moving quickly in rolling out government support to people across the Asia Pacific, while ensuring they get paid accurately and on time. As the Prime Minster says, “ We don’t often talk about our payroll specialist except on an occasional pay day.
With payroll management, HR filing, superannuation and tax calculations being just a few of the items on the list, payroll and HR teams are by this point likely to be working around the clock. At a high level, an EOFY checklist would contain a detailed list of activities with tasks, timelines, owners, and status.
billion, expanding at a CAGR of 6.5% It offers a plethora of functionalities for small and medium-sized businesses, including employee database management, time tracking, absence management, and payroll management, all of which help manage employees effectively. Some users reported that prices begin at $99 per user each month.
Payroll and payroll compliance may not always be a trending topic, yet most people do not realise that they often make headlines. Getting payroll wrong is very costly. Hence, the old adage, “Nobody wants to hear from payroll until it is too late” rings true until today. So this is not an issue you can be vague about. “A
by Sandy Forrest, General Manager for Ascender ANZ Public & Enterprise Services. Ascender will be at the upcoming Universities Australia Conference 2021 on 2-3 June at the National Convention Centre, Canberra. The higher education sector is one of Australia’s top contributors to the economy.
Multi Country Payroll can be a challenge. In-house payroll teams looking after multi country payroll have to deal with numerous contracts, currencies, customs, legislation and time zones. The Global Payroll Management Institute makes some good points. All of these factors make this process a tough task to tackle.
As such, anyone to be found in breach of applicable privacy laws could be at risk of serious reputational damage, in addition to the large financial fines. Why does GDPR matter to payroll? The main reason GDPR matters to payroll is because, under the new regulation, personal data includes that of employees. Compliance and I.T.
Ascender have partnered with Everest to author this detailed study on the benefits of MCPO and associated best-practices for MNCs in Asia Pacific. We look at the maturation of MCPO within the Asia Pacific region – offering details regarding the circumstances driving growth and development. MCPO outcomes.
Payroll is about to go through a tremendous legislative change on 1 July 2018 with the introduction of Single Touch Payroll (STP). The new legislation is a change in the way the Australian Government requires businesses to report payroll information to the Australian Taxation Office (ATO). Download our free whitepaper.
Payroll is a fundamental part of business, but it is surprisingly easy to get it wrong. Those who run payrolls in New Zealand will attest to the fact that the NZ Holidays Act is one of the biggest complexities. In this recording, you will: Understand the common factors impacting Holidays Act compliance.
End of financial year (EOFY) can be a very stressful time for any business, especially for Payroll and HR reporting teams. Having your payroll teams on board with one plan will help everyone through this time, and prepare the team for the upcoming financial year. But what steps can HR and Payroll professionals take to plan and prepare?
If you want to get your free copy of how GDPR affects payroll, download yours today at the link below. The post GDPR: The Way to Do Business appeared first on Ascender HCM. This video is a prequel to our upcoming education video that captures the vital data privacy rules and how businesses could embrace this legislation.
Particularly if your payroll systems, its functionalities and HR reporting could have offered you more. It should not be an onerous task to obtain data from a payroll system. Prioritising payroll systems as a business need. A nightmare you do not want repeated – ever again. Moreover, should you have?
Social isolation, grief over the loss of loved ones, fear of getting infected themselves, lack of financial and job security are just some of the concerns that have taken a toll on everyone’s wellbeing, which in turn all affects how a person performs at work. At work, this can refer to having a stable and safe work environment.
If you’re making business decisions, HR or otherwise, without looking first to your payroll data, you could be missing out on valuable insights. Small changes in the business can create large changes in payroll, and an understanding of cost per employee or revenue per employee can help in planning future growth. Know costs in advance.
Virgin Active’s payroll in Thailand is currently done in-house by one person, with taxes and statutory calculated outside. A self-service solution is already implemented by Ascender, catering to the current employee population. A self-service solution is already implemented by Ascender, catering to the current employee population.
Did you know that the number one employee concern at work is financial stress? A look at Earnd and how it works with Ascender’spayroll. This results in 43.2 hours of lost time annually due to stress-induced illness! And in this time, financial stress has only increased. Financial stress affects…. Employee Engagement.
There are few HR and payroll challenges as complex and daunting as those presented by the healthcare industry. Yet there is growing evidence to suggest existing legacy systems for managing HR and payroll across the industry are failing to keep up with the pace of change. Payroll management in a varied workforce.
The JobKeeper Payment is aimed at helping business affected by the Coronavirus to cover the costs of their employees’ wages so that more employees can retain their job and continue to earn an income. The top-up payment is not subject to super, but super payment will be at the discretion of the employer. What we Know so Far.
The challenge of segregating Payroll functions and streamlining Mantra Group’s global recruitment practices seemed like an insurmountable hurdle. Flawlessly complementing Payroll and HR processes to ensure peak performance.
Many of these events have impacted payroll significantly, requiring organisations to adjust their processes. Let’s take a look at some of these notable events that affected payroll in the last 12 months: Wage Theft and Underpayment. Legislation Impact. We do not know what FY21 will bring.
A spate of high-profile and costly payroll failures has shone a light on compliance in this business-critical function. However, it’s these kinds of payroll errors that Jason Low, head of TAPS (The Association of Payroll Specialists) sees time and time again. At the end of the day you still need to sign off on it.”.
Many of these events have impacted payroll significantly, requiring organisations to adjust their processes. Let’s take a look at some of these notable events that affected payroll in the last 12 months: Wage Theft and Underpayment. Legislation Impact. We do not know what FY21 will bring.
If you want to get your free copy of how GDPR affects payroll, download yours today at the link below. The post GDPR: The Way to Do Business appeared first on Ascender HCM. This video is a prequel to our upcoming education video that captures the vital data privacy rules and how businesses could embrace this legislation.
by Todd McDonough, Ascender Chief Product Officer. While the majority of human resources functions are reasonably portable across regions and countries, the complex legislative environments for payroll make it far more difficult for a single system to satisfy all payroll needs.
In recent years, Payroll processes have significantly evolved thanks to the move towards transformation projects, the increased adoption of cloud and the desire for Payroll practitioners to get more involved in business operations. Payroll maturity can be a challenge to measure, as its definition changes from company to company.
At the same time, there has been an increase in expectations across the board. AtAscender, our core expertise is in payroll, and that’s not the first thing you think about when it comes to engaging staff. It’s the same with looking at pay summaries, or at how much leave you have accrued.
In recent months, governments all over the world have made legislative changes that impact payroll and HR to help organisations support their employees during the COVID-19 global pandemic. The full ANZ Legislation Alert Bulletin can be downloaded at the bottom of the page. Read Disclaimer.
In recent months, governments all over the world have made legislative changes that impact payroll and HR to help organisations support their employees during the COVID-19 global pandemic. The full Asia Legislation Alert Bulletin can be downloaded at the bottom of the page. This page outlines the updates for Asia region.
Since its implementation on 25 May 2018, the General Data Protection Regulation (GDPR) has challenged businesses to look at how they manage personal and sensitive data. For more information, visit www.PayrollServicesAlliance.com The post Global Data Privacy Laws: The Ripple Effect of GDPR appeared first on Ascender HCM.
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