GLOBAL PAYROLL MAGAZINE
45
About the Author Peter Forbes, Founder of Paytools Over the past 25 years, I’ve worked in the payroll and HR tech space and have witnessed first-hand how much frustration and fear can come from manual payroll operations. Outside of using the payroll system, operational tasks are usually managed across emails, personal calendars, shared drives, Word and spreadsheets. That’s why I founded Paytools, a first of its kind payroll governance and operational platform. Our solutions are designed to create a calm, organised and well-run payroll function - where team members can work a 38-hour work week, feel valued by the business and not trapped in their roles. From a business perspective, it will create a more transparent and well-governed payroll function that can be better understood by leaders. Plus it will help keep your organisation off the front page - at least for payroll issues anyway! All of these requirements can be implemented using basic tooling like the Microsoft Office Suite. But it takes a lot of string and sticky tape to get it together. Plus, it was this approach that has landed some of the largest organisations in Australia in hot water. Download our free Australian Payroll Governance Toolkit PDF to learn the specifics involved with these 8 items, including useful examples and the best practice tips/tools to help get you started.
ian payroll governance nisms and rituals in place to enforce and nd frameworks makes it easier to manage
d have to maintain best practice
5. Payroll registers : Formal tracking and register of errors and actions impacting payroll operations and compliance.
6. Risk management : Identify, categorise and mitigate payroll risks. Develop response plans and schedule reviews and tabletop testing.
7. Monitoring and reporting : Regular, structured reports to senior leaders and the ability to track and monitor payroll activities.
8. Team, education and training : Defined and practiced team values, articulated skills and competencies and a program of learning and development activities for payroll staff.
Made with FlippingBook - Share PDF online