The payment of wages earned by an employee can be a complex exercise for the employer. There are many instances of problems arising; ranging from the date on which pay day falls to the actual payment of wages including incorporation of meal breaks and rest breaks, the deduction of wages and long service leave payments to name a few. When processed in house an employer is forced to decipher a number of variables; assigning the task to an payroll outsourcing provider can avoid the complex decision making process, which can include:
Which day is the legally required pay day?
What happens when pay day is a Public Holiday?
What happens when a juniors birthday falls mid pay cycle affecting their rate of pay?
What time frame does overtime need to be paid within?
What method of deduction to you use when docking wages for time absences?
What calculations need to be executed for payments on termination?
What payment is due when a designated pay rise falls within an Employee’s leave period?
What payments need to be made for an Employee’s long service leave entitlements and how many hours is that Employee due?
What payment is due for part timers taking annual leave or sick leave?
What method of payment is preferable?
What happens when the Employees rostered day off coincides with their pay day?
What payments are required to be made when an Employee does not receive their pay on time?
And the list goes on! Shouldn’t you be concentrating on actually running the business rather than the administration and compliance behind employment? After reading through this list, do you agree that outsourced payroll becomes more appealing? The options available to you are vast, and the services can be tailor made to suit your needs, whatever they might be. There are also extra possibilities for cost reporting which will give you useful information about your business, allowing you to run it more efficiently.
While computer-based payroll systems provide an avenue to deal with the day-to-day payment of wages, complexities occur when certain issues require the manual input or calculation of employee data into the payroll system. In addition, the payroll system may not legally reflect the minimum provisions of the various industrial instruments or employment legislation with which the employer is legally obliged to comply. In short, the system is only as compliant as its master! This is another benefit of outsourced payroll; they will guide you through the process of ensuring and maintaining your compliance, giving you peace of mind.
Leave your payroll to the experts. Outsourced payroll services have a sophisticated online technology platform which offers clients the outmost of ease and minimal involvement in the rostering, timekeeping and payment of all of your team. Redirect your focus, from time-consuming administration back to innovation and business development, which are most likely the things you find the most rewarding and inspriring.
Let them be your back office and ensure your employees are being paid in a legally compliant manner while you get on with running your business.
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