Payroll Consulting Practice

Raising the potential and profile of payroll

This Month in Payroll - May edition

This month in payroll covers the latest payroll updates in just over 10 minutes. This month we discuss the outcome of the Federal Election, the top priorities of the Fair Work Ombudsman for FY20 and changes to Awards.

Previous editions - 2019
January | February | March | April

Previous editions - 2018
November | October | September | August | July | June

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Unlock the true value of your payroll function

The objective for payroll has always been simple – pay your employees accurately and on time. Payroll has historically been seen as a low risk function, generally automated (or outsourced) – one which rarely troubles the higher levels of management, as long as it is running smoothly. To that extent, you probably haven’t given it a great deal of management time or attention.

This means many organisations are not accessing the true value of payroll. Technological advancements, the power of data analytics and changing employee demographics provide the opportunity for organisations to take a critical look at their payroll function and identify where there are potential improvements, leading to cost savings, increased efficiencies and improved employee engagement.

Organisations should seize and address the opportunities and challenges facing payroll. Technology now provides an opportunity for payroll functions to evolve and become valued business partners. At the same time, they still need to manage the financial and reputational risks of processing payroll late or incorrectly, or of failing to adhere to evolving data privacy and protection regulations.

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Contact us

Rohan Geddes

Partner, PwC Australia

Tel: +61 (2) 8266 7261

Claire Soccio

Partner, PwC Australia

Tel: +61 3 8603 0428

Stephanie Males

Partner, PwC Australia

Tel: +61 (2) 6271 3414

Maria Ravese

Partner, PwC Australia

Tel: +61 (8) 8218 7494

Paula Shannon

Partner, PwC Australia

Tel: +61 (7) 3257 5751

Lisa Hando

Partner, PwC Australia

Tel: +61 (8) 9238 5116

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