Outsourcing Trends

The payroll industry continues to evolve.

A snapshot of payroll today

• Complex (need to account for awards, payroll tax, salary packaging and FBT, as well as superannuation and workers compensation)
• High penalties for making mistakes
• Less labour intensive with technology taking a greater role in service delivery
• Fewer payroll specialists within companies as experienced payroll people are retiring
• Lack of career path for in house specialists
• Outsourcing is on the rise as payroll considered a non core function

The changes in the payroll industry are strongly linked to the growth in outsourcing.

We expect more companies to outsource their payroll because of the benefits available to their business:

• An ability to focus on what you do best
• Focus on what gives you competitive advantage
• Access to expertise not available internally
• Flexibility to meet changed business conditions
• Easy access to technology and infrastructure
• Better control and risk management
• Improved productivity and morale
• Better ROI for shareholders