Like with most things, whether it is good or bad will depend on your business and how you prepare for the changes to come into effect.
A large part of whether this new legislation will be a challenge for you will come down to the systems and processes that you have in your business relating to Employee onboarding, managing changes to superannuation details and the payment and management of your superannuation liabilities.
Read MoreThe Cyber Incident suffered by Optus and Medibank has resulted in some of the biggest leaks of personal data specifically affecting Australians.
It is not the first that we have seen, but what should Payroll be thinking about when these things happen?
In addition to ensuring that your teams have regular training around cyber security these are a few things that we feel should be front of mind for Payroll professionals.
Read MorePayroll Edge are genuinely independent payroll consultants which means that we are system agnostic and can focus on the best outcomes for our clients. Read to find out more on how that can benefit your business.
Read MoreDo you have a Business Continuity Plan for your payroll?
Recent events in the industry have served as a reminder on the importance that needs to be placed on developing and maintaining a continuity plan for your payroll (a ‘PCP’ if you will) for your business and to ensure that you, your vendors, and your service providers understand what is required for payroll in a crisis.
Read MoreFlexible working arrangements can add significant benefit to your payroll team. I discuss the difference between Working from Home and Flexible Working, how you can transition your payroll team to Flexible Working and the Top 3 benefits for me and my team.
Read MoreIn payroll we are often privy to the emotional manifestation of financial distress and can be an opportunity for the business to support their employees in this space and truly add value, especially in a time of increased pay day loans and salary on demand services.
Read MoreLike a child is made from a random mix of genetics from two parents, and then a product of the values and ideas they are presented as they grow by those closest to them, a payroll professional or team are a hybrid of both finance and human resources (amongst other things). Likewise, payroll professionals often become collateral damage when the finance and HR teams don’t get along.
Read MoreThere is a long-lasting debate around whether payroll should be part of the Human Resources (HR) or Finance team within a business, and boy can in conjure up some spirited discussions!
So what is the best area for payroll to report to?
Read MoreMany businesses will be having a few good fist pump moments today as we read the judgement handed down by the high court today which overturned the previous Federal Full Bench decision regarding personal leave entitlements.
The high court decision is final so what is next?
Read MoreInformation about the governments job keeper allowance is slowly starting to trickle in and there is still a lot of questions that we need to better understand, however one thing is already abundantly clear, it will be important for Payroll, HR and Finance teams to work together to prepare their business to administer these payments.
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