Head straight for the source to secure executive level payroll
Jul 30th, 10:20
Payroll administration is still considered one of the most important and strategic areas of business management today. In order to ensure full compliance with legislation and the highest level of accuracy, decision makers scout for the very best of the best in personnel – but increasing skills requirements and credible recruitment channels remain challenges claim HR experts.
In addition to compliance with legislation and the need for accuracy and consistency, payroll administrators have to pay particular attention to executive salary structures and the management thereof.
Often the person, or people employed to handle payroll, ise not in the position to deal with these structures, or management is reluctant to hand over this specific responsibility.
Teryl Schroenn, CEO at Accsys, a national supplier of management solutions within HR, payroll administration, time & attendance and access control, says this is because these structures or packages often demand complex payroll requirements and call for more specialist skills sets.
“Companies are seeking to partner with- and outsource this function to experienced, established service providers that have a proven track record in payroll administration, solution development and application,” says Schroenn.
The company has established Accsys PeopleSource, its outsource payroll bureau, which effectively enables companies to ‘run executive payroll out of the house’.
According to Schroenn the outsource bureau represents a flexible payroll management option.
“Payroll experts are brought in to ensure accuracy, compliance and confidentiality. They are tasked with the responsibility to ensure that everything is processed correctly and therefore they remove the headache and risk for the client. At the same time the client has ownership of the information supplied, as well as the ability to track the progress of developments, and therefore retains a strong element of control.”
The cost factor is calculated on a ‘per employee’ basis and, according to Accsys management, reinforces the flexibility of this services model.
Although it does work in cycles, in general the outsourcing option is gaining popularity in the market says Schroenn.
“We have experienced a general upward turn as far as interest in outsourcing is concerned. The advent of employee self service and cloud-computing within a virtual environment is a strong driving force. This advancement in systems and infrastructure helps service providers deal with the challenges of tight deadlines, limited time, meticulous attention to detail and availability of data,” she adds.Click here for more information on Accsys
Business Connexion Group member Accsys has once again proven the value of its people and technology expertise with the launch of PeopleWare Mobi, the first-of-its-kind Employee Self Service (ESS) mobile app to the domestic market.
Experts within the HR and payroll administration say that from a business operational point of view, it makes a great deal of business sense to drive critical applications through a single service provider.
A group of learners who recently graduated from the continent’s only online National Qualification in Payroll Administration Services course, provided by Accsys, have been congratulated by the company’s executive management and are empowered with all the resources necessary to make their mark on the industry.
Accsys, a national supplier of people management software and hardware solutions within the HR, payroll and time & attendance space and member of the BCX Group, has demonstrated its support of learner skills development and the benefits of exposure to entrepreneurship by hosting its annual Boys in Business Day.
Producer price inflation in focus this week
23/01/2012 - 07:48
Once again, there's no shortage of local economic data this week, but the spotlight is likely to fall on the producer price inflation data for December.
Document deadline for businesses
12/12/2011 - 08:37
Pretoria – All businesses, from the woman selling pancakes at a flea market to major companies, have to submit information to the Human Rights Commission about their operations before the end of June next year. Should they fail to do so they could be sentenced with up to two years’ imprisonment.
Experts' confidence in economy dismal
17/11/2011 - 08:38
Johannesburg - Seventy percent of international experts have a pessimistic outlook on the global economy, according to a new survey conducted by the World Economic Forum (WEF). In addition, 60% expressed little confidence in government leaders to deal with global risks.
South African businesses sign procurement accord to boost local manufacturing
03/11/2011 - 09:54
South African businesses have signed an accord with government, unions and civil society, aimed to help the struggling manufacturing sector.
Are overseas investors eyeing your business?
28/07/2011 - 08:46
While reports suggest that consumer confidence has declined in South African retail, the recent international interest in South African retail and logistics paints a completely different picture.