The outsourcing of your payroll is an alien concept to many. Walking into a world full of acronyms such as ‘Saas’, ‘BPO’ and ‘Cloud’ initially resorts in the apt reaction of ‘wtf!’ Once the linguistic acquisition of the technological jargon has mellowed, however, it becomes monumentally transparent why ‘Out’ really is the new ‘In’.
The world that we live in is a constantly evolving beast, and within this beast we must continue to evolve; or simply be left behind. As was stated by Confucius, “Study the past if you would define the future”, and it is by studying the past that you can see the inevitable shift into outsourcing that is happening right before our eyes. Did people believe in banks when they first came into existence? Of course not. Was the internet widely embraced when it was created, less than half a century ago? No. And finally, was it ever believed possible that you could access both your bank and the internet via a phone no larger than the palm of your hand? That’s laughable! And yet, these three examples are now part of the day to day life of people the world over.
We live in a ‘right now’ culture. Paperwork is a hindrance to the necessity of immediacy that engulfs 21st Century living. Gone are the days where it could take weeks or months to converse through letters to loved ones overseas; nowadays you can communicate as if you were sat in the same room. The past is a place where a family meal was an occasion, a long spanning event that stretched throughout the afternoon; now it is instantaneous, sporadic and on the go. The one hundred mile an hour world of 2014 doesn’t want or need to be spending its precious time and money on the monotonous task of payroll. Don’t think of it as outsourcing, think of it as ‘smartsourcing’.
Like every technological advancement, companies emerge offering Outsourced Payroll at an exponential rate. The answer is not to run and hide from competition, it’s to embrace it. It is to learn from, and improve on, any ideas or teachings taught by the opposition. Sun Tzu in The Art of War summed up the importance of not only knowing, but utilising competition impeccably; “If you know the enemy [competition] and know yourself, you need not fear the result. If you know yourself but not the enemy [competition], for every victory gained you will also suffer a defeat.” At Employment Innovations there is no underhanded ethos of a complete extermination of other outsourcing companies. There is an appreciation of the work that they do; in fact, a thirst for it. If we are able to grasp a new idea that is beneficial for the evolution of our own product and place our own unique spin on it; then that is exactly what we will do.
But what exactly is our product? How does it fit in to this new world boom of outsourcing products? The answer is simple; we don’t. We don’t ‘fit in’ because we are not a run of the mill outsourcing platform. Employment Hero is a fully immersive and integrated powerhouse. By fully outsourcing your payroll with Employment Hero you are promised a comprehensive, first class and all-inclusive end-to-end solution that can be shaped to your needs. Your business will be assigned a specific payroll account manager under the HR central, account management team & payroll consultant, ensuring that the person with whom you deal has a complete understanding of not only your payroll requirements, but also of your organisation’s culture. Superannuation Payment Service (SPS) and Electronic Funds Transfer (EFT) transfer both Super and wages into your employee’s bank accounts, as well as individual emails being automatically sent out as confirmation of payment.
There is also no need to ever feel like you don’t have control over the whole process, with a plethora of reports available to you in an instant. The Standard Suite of Reports include:
- Reconciliation- Breakdown of wages and superannuation by department
- Pay Journal- Breakdown of wages for Full-Time, Part-Time and Casual employees, allowances and PAYG
- Payroll Costing- Hours and wages by department
- Bank Transfer Reports – Breakdown by banking institution
- Standard Pay Advices- via Employee Self Service (ESS) or hard copy
- Leave Liability Reports
- Standard Pay Advices
- Superannuation Contribution Reports
- Additions and Deductions Reports
- Custom Reports Defined as Standard End of Process
So, why spend excess time and money dealing with payroll when you could be concentrating on what you do best; running your business? The logical solution is right before your eyes. The logical solution is Employment Hero.
