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Rising Expectations: 40% of payroll
ahead. As a Ramco client, a payroll manager from a leading Australian services firm noted, “What keeps me up at night isn’t just getting the calculations right – it’s proving we’ve done everything reasonable to ensure compliance.” Payroll teams are experiencing challenges across multiple dimensions: Heightened Legal Scrutiny: Even though honest mistakes aren’t criminalised, repeated errors could be interpreted as negligence or wilful blindness Complex Compliance Environment: Award interpretation, regular rate changes, and intricate entitlement calculations create countless opportunities for error Documentation
featuring:
Proactive anomaly detection before finalisation of pay runs Automated alerts for potential award breaches or inconsistencies Comprehensive audit trails documenting all system activities Seamless integration with time and attendance systems Tools to identify and address potential underpayment liabilities Demand for Smarter Tools: AI-Powered Anomaly Detection AI/ML-driven anomaly detection in payroll platforms now continuously scans for pay variances before finalization, catching transforms payroll from a passive calculator to an active compliance tool, identifying issues like misapplied tax rates, manual errors, or award misinterpretations while giving teams time both systemic and one-off errors. This
managers report concerns about increased
administrative burdens resulting from the new laws In short, teams must demonstrate payroll compliance through clear records and established protocols. Payroll platforms must deliver precision, transparency, and control, not just automation. Outsourcing won’t remove employer accountability. This marks the end of spreadsheets, manual overrides, and siloed tools. Is Your Payroll Platform Ready for the Compliance Crackdown? Traditional systems designed primarily for calculation and disbursement are no longer sufficient in today’s landscape. Modern payroll systems must now serve as active guardians against non-compliance,
Demands: Teams must maintain comprehensive audit trails to demonstrate good-faith actions
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GLOBAL PAYROLL MAGAZINE ISSUE 12
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