Does Your Payroll Function Report to Finance?
As a senior Finance executive, are you now responsible for the payroll function?
The growing trend for medium size organisations in recent years has been for payroll to be increasingly seen as finance function. People and Culture don’t view payroll as their gig as they are “not numbers people” and may not want to be tied down staying across all the legislation relating to superannuation, payroll tax, award conditions and so on. Suddenly Finance are now responsible for the payroll function and reporting lines and responsibilities have been shifted accordingly.
If find yourself responsible for the payroll function and don’t have time to give it the focus you know your should, SnP can help. SnP can provide a initial checkpoint to provide you with a level of confidence that there is nothing untoward going on in there. From there you may wish to start to look for efficiencies, make sure you have the appropriately skilled resources, and have the most suitable software platforms supporting the function.
What assistance can we provide?
SnP can meet with you for an initial discovery session and then provide a quote to conduct an initial checkpoint (typically 2-3 days subject to the scope of the engagement). We use a pragmatic and consultative approach to gather the required information. We then analyse the information and present the key findings together with remediation options. SnP can can provide provide guidance to map a path through any suggested remediation activities. The path may be obvious or there may be competing priorities with different levels of associated risks and effort required that need to be evaluated, for each remediation activity. We may find that everything is in pretty good shape and so will offer some suggestions for improvements.
At the end of the day, you want the peace of mind that employees are being paid correctly, and on time and that internal service levels is consistently increasing.