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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.
On 1 July 2018, the Australian Government implemented Single Touch Payroll (STP), a legislation that changed the way businesses report payroll information to the Australian Taxation Office (ATO). Activation is easy, done through Preceda’s Single Touch Payroll Configuration screen available in v15.3.
Ascender is a cloud-based human capital management (HCM) software platform that offers a range of tools to help businesses manage their HR, payroll, and talent management needs. The payroll management features of Ascender allow businesses to process payroll quickly and accurately, while complying with local regulations and tax laws.
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. The big changes APAC organisations need to be aware of what are the risks of non-compliance.
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.
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.
Download our free guide to a Payroll Health Check. All too often, companies neglect conducting a payroll health check, especially when employees are getting paid on time and the business is operating as usual. This whitepaper outlines how a payroll health check can help identify potential issues and save your business money.
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.
Sign up and get our free compliance guide. How confident is your organisation on your HR and payrollcompliance? In this whitepaper, you’ll find an investigative look at payrollcompliance, covering business confidence and compliance in their companies, interdepartmental collaboration, and data security.
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. But, this can only be achieved if the system is effectively harnessed.
So HR and payroll technologies are critical to the issues of power and trust and access for your business leaders. HR software is not just about managing non-compliance and getting payment details on time and on the money. The post Empower your line managers with powerful people payroll analytics appeared first on Ascender HCM.
Payroll and payrollcompliance 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.
Each team works under different awards and benefits, not to mention the complexities of each locale’s legislative compliance requirements. Add the cultural nuances associated with how people prefer to access their information – and just like that, the myth that is global payroll has been busted.
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.
It integrates data, processes, and systems related to talent acquisition, employee management, payroll, performance management, training, and other HR-related tasks. With features like talent acquisition, performance management, payroll, and analytics, Mosaic HCM provides a holistic approach to workforce management.
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. Is it time to review what your organisation has in place?
Our 2020 Payroll and HR Trends report opened by stating that ‘making predictions is hard’ That certainly turned out to be true when the COVID-19 pandemic literally swept across the world early in the year. In this ebook, we will be predicting some of the key trends in the Payroll and HR space in 2021.
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.
As an employer, you might face complicated situations when managing employees, especially in staff productivity, communication, training, labor law compliance and managing remote employees or teams across different offices globally. Does not support payroll in all countries. Aeriel Nicole T. You will get a free trial before buying.
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. Sometimes there is no automation and this creates a lot of manual error and creates a lot of risks of compliance….”
Your payroll management team or individual might be worth their weight in gold, but even golden employees go on holiday, get sick, have personal crises, and are particularly unskilled in the prevention of natural disaster. It is a bad day for HR when a tried and trusted payroll manager gives notice.
Compliance and I.T. 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. This means HR and payroll need to know and understand the new data privacy regulations set out in the GDPR and how they apply to employees.
They decided they wanted to outsource their payroll processes for Asia Pacific offices, who collectively have a total headcount of 2,000 people. As a result of their business growth, they found themselves in a situation where they needed a more robust and automated payroll solution. No visibility into the true cost of payroll.
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.
The threat of fines, the risk of reputation damage and the resulting impact on your bottom line are all significant and realistic consequences of non-compliance. But what about the impact of day-to-day errors and oversights, or legacy payroll systems that aren’t as efficient as they could be? What are they costing you?
Payroll technology can easily help lessen the risk of getting pay wrong by automating manual processes and keeping data in a secure system. Payroll outsourcing can also give HR teams a sense of security, knowing that a dedicated organisation is in charge of getting their payroll out the door, whether there is a crisis or not.
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.
Why you need a regular business process and payroll audit review. Additionally, payroll could be a potential compliance challenge for many HR and payroll professionals in any business. One of the ways to maintain a good degree of compliance is to start with a payroll audit.
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.
Managing payroll and HR in multiple locations and languages is an extremely complex process. Not only does it increase the risk of inconsistency and non-compliance for modern organisations, it limits management’s global view of the organisation.
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.
Single Touch Payroll (STP) left the Australian payroll world abuzz in the past year, with how it changed the way business reported their payroll information to the Australian Taxation Office (ATO). Besides the ATO, different government agencies may now request access to the payroll data submitted for use in their own processes.
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.
Single Touch Payroll (STP) left the Australian payroll world abuzz in the past year, with how it changed the way business reported their payroll information to the Australian Taxation Office (ATO). Besides the ATO, different government agencies may now request access to the payroll data submitted for use in their own processes.
Sheila FitzPatrick, Worldwide Expert in Data Privacy Laws and Andrew Wilson, Ascender CEO, deep dive into payroll and GDPR in our latest podcast. Sheila FitzPatrick, global expert in Data Privacy and Andrew Wilson, Ascender CEO, deep dive into GDPR and payroll in this podcast.
Sheila FitzPatrick, Worldwide Expert in Data Privacy Laws and Andrew Wilson, Ascender CEO, deep dive into payroll and GDPR in our latest podcast. Sheila FitzPatrick, global expert in Data Privacy and Andrew Wilson, Ascender CEO, deep dive into GDPR and payroll in this podcast.
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.
Opal HealthCare prioritises team member experience through integrated Payroll & Workforce Management. With thousands of employees based across the country, adopting a robust, integrated payroll and workforce management solution with intuitive applications, easy usability and purposeful resources was critical for Opal.
Deloitte collaborates with Ascender to manage the complexity of payroll. Payroll processing is a time-consuming process, and outsourcing it can free up their HR to pursue more value-added activities. Deloitte has decided to leverage Ascender’s payroll expertise by utilising their fully managed payroll service.
WorkForce Software and Oracle HCM customer, City of Roseville, will present how their solution leverages advanced analytics to achieve a step change in operating results by enabling better employee experience and engagement, streamlining workflows, automating payroll processes, and navigating complex compliance regulations.
Get up to speed with what’s going on with Australian Payroll Legislation. With everything that has happened in the world in 2020, you could be forgiven for not keeping up to date with the major legislative changes, decisions and trends affecting your workplace, your people and their pay.
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