We’re currently living through a once-in-a-generation pandemic, and workers are taking the time to reflect on what’s most important to them. As workers re-evaluate their priorities and we move into a sort of post-pandemic reset, Microsoft has released research predicting a jump in job turnover, an effect that has been dubbed ‘The Great Resignation’.   Locally, Gartner estimates that around one in four Australians is currently job hunting and that 83% of organisations are detecting signs of higher turnover. In fact, in Slack’s most recent Future Forum Pul ..read more

12 February and 1 March 2020 saw new rules for annual wage arrangements come into effect for several awards. However, despite these new rules applying to businesses across a range of industries, many organisations have still not yet formulated an approach to meeting the new regulations. This article aims to assist businesses in formulating a plan to meet the new annualised salaries requirements. Firstly, it is important to acknowledge that no sole role within the organisation is responsible for resolving the requirements to meet these new requirements; instead, a whole of business approach is ..read more

This is an excerpt from Payroll HQ’s Efficiency, Compliance and Accuracy Whitepaper  Employers often consider their payroll function a necessary interference that happens as part of being in business. Assuming it is a fixed cost that can’t be changed, and a hopeful naivety that those doing the actual processing have the skills and expertise to keep everyone away from the blowtorch of regulators. This couldn’t be further from the truth. But how might an organisation actually profit from becoming more proactive in relation to the payroll function? It sounds counter-intuitive, but experie ..read more

This is an excerpt from Payroll HQ’s Efficiency, Compliance and Accuracy Whitepaper  Legal requirements for payroll processes are extensive. There are more than 40 Acts of Parliament that regulate different aspects of the payroll process in Australia. No matter what the employer size, many of these need to be considered when running your payroll function. Not only do employers need to be across the regulations that affect them, they need to understand how they might work together to ensure a compliant payroll function. The Australian Government has shown that they are serious about enforc ..read more

This is an excerpt from Payroll HQ’s Efficiency, Compliance and Accuracy Whitepaper  It will come as no surprise that we are in a period of advancement where change is taking place at a blistering rate. Klaus Schwab, Executive Chairman of the World Economic Forum defines the current change as so significant that we are witnessing the fourth industrial revolution; that of a revolution of digital technology. At an individual level, many adapt well to the rapid change taking place and there is an expectation that the way we work outside the organisation will also take place inside the organ ..read more

As of 1st of March 2020, Fair Work has announced a number of changes to 22 Modern Awards, affecting employees with annual salaries. The changes are designed to ensure an “annual salary employee” is always paid at or above award rates. What are the changes? Depending on which of the 22 affected modern awards apply to your workforce (full list of awards below), the model clauses will impose a number of detailed mandatory requirements on employers who pay employees an annual wage in satisfaction of specific modern award entitlements. Which awards are affected? Banking, Finance and Insurance Award ..read more

Traditionally, the number of payslips per payroll FTE is used to measure productivity in payroll. However, when this metric is used for productivity, proper consideration must be given to the industry sector which the payroll is processed in, another key factor is whether payroll is managed, inhouse vs outsourced. These factors help ensure the metric is analysed in the proper context. Why it’s important The number of payslips per payroll FTE is used to gauge productivity of payroll resources as a team and as individuals. Not only does this measure productivity, it helps identify issues that ar ..read more

2018 saw big changes across the digital landscape, particularly surrounding data privacy. One of the biggest scandals to hit in 2018 was the Facebook Cambridge Analytica scandal, which broke in March 2018 shocked the world. Around the same time, the European Union launched the General Data Protection Regulation, which has been viewed as one of the biggest changes to data protection rules in the last two decades. GDPR is a regulation that requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. Read more on GDPR here. Th ..read more