Digital software solutions are the norm these days. With Covid-19, we have been forced to adopt new ways of working, and with that comes new online systems and processes to enable us to work anytime and anywhere.
- Topic:
- Payroll
Over the next ten years, Treasury estimates that reducing duplicate superannuation accounts will save Australians $2.8 billion.
The Australian superannuation system manages the retirement savings of 16 million Australians, making it the fourth largest in the world.
- Topic:
- Payroll
The Great Resignation is upon us and, unless you avoid the internet and all news, the Australian job market has had plenty of warning. It was just over a year ago when a Microsoft article shocked everyone by claiming more than 40 per cent of the global workforce were considering leaving their employer.
Fast forward to 2022, and the recent NAB Behavioural Insight Report says more than one in five Australians have changed jobs in the past year, with a further one in four considering doing the same.
- Topic:
- Payroll
On 1 January this year, STP Phase 2 came into effect, introducing a raft of new reporting requirements that will have a significant impact on how you run your payroll.
While STP Phase 2 is officially underway, many businesses like yours may have been given compliance deadline deferrals from your payroll provider due to the complexity of the new reporting requirements.
- Topic:
- Payroll
Ensuring your employees are paid accurately and on time with each pay run is the imperative of every Australian business. But for those 1.5 million (according to the ABS) that have a multi-entity business structure, processing payroll is often much more complex than it is for single-entity businesses.
- Topic:
- Payroll
For HR and payroll teams at growing organisations, having visibility of their workforce is critical to confidently manage the end-to-end employee lifecycle, from hire to retire.
Employee visibility not only provides reassurance to leadership around tracking and controlling payroll costs, but also gives you a lens into all activities within an employee’s tenure – from recruitment and onboarding, to learning, performance and finally leaving the business
However, a significant challenge many HR and payroll teams face is that their workforce data is spread out across multiple systems and applications. They’re unable to quickly and easily gain a detailed understanding of their workforce, which limits their strategic planning and ability to communicate critical insights to business leaders.
A modern, integrated HR and payroll solution can help overcome this challenge. Here are three ways it can help you gain faster, more enhanced visibility of your workforce.
- Topic:
- Payroll
Navigating the ever-evolving payroll regulatory landscape is one of the most significant challenges facing payroll teams across Australia and New Zealand. And there were plenty of changes introduced this year.
- Topic:
- Payroll
With large parts of the country under COVID-19 lockdown for much of 2021, it’s been a challenging year for many payroll teams and their businesses.
The latest figures from the Australian Bureau of Statistics reveal that seasonally adjusted employment fell by 138,000 people (1.1%) in September. This combined with job losses in prior months saw employment and hours worked both drop below pre-pandemic levels.
Despite this, payroll professionals are currently in high demand. As a payroll recruitment specialist for Access, I speak to our Australian business clients daily to help them source quality payroll personnel. And what I’ve experienced is that hiring for payroll professionals has dramatically increased.
Our recruitment team at Access have helped our clients fill over 60 roles in the past year, compared to just 31 in the year prior. I’ve also noticed that the salaries for payroll roles we are placing have increased on average by 15%, and even more in some states.
- Topic:
- Payroll
If you’re a HR or payroll professional, you’re likely all too aware of the Fair Work Commission’s (FWC) comprehensive annual salary obligations which took effect from March 2021.
Given the high-profile cases of underpayments impacting both large and small organisations, you know the imperative to ensure compliance with these obligations, and the risks of failing to do so.
But are your organisation’s leaders aware?
- Topic:
- Payroll
Wage underpayments have become an increasingly worrying headline in recent years, placing some of Australia’s most well–known organisations in the spotlight.
And with the Fair Work Commission (FWC) introducing comprehensive salary award obligations in March 2020 to help prevent annual salary underpayments, the imperative for Australian organisations to get payroll right has never been more urgent.
While most organisations may appreciate the reputational risk posed by non-compliance with these obligations and underpaying staff, many aren’t fully aware of the personal and legal financial penalties that C-level executives and board members can face.
- Topic:
- Payroll
