Outsourced Payroll Solutions
Streamline Your Payroll Processing
Outsourced Payroll Solutions
Streamline Your Payroll Processing
By using our outsourced payroll service, you can reduce your payroll overhead costs by up to 75%*. We take care of all the processing and reporting tasks for each pay run, allowing you to focus on managing your business.
Unlimited Payroll Support
No Hidden Fees
Compliance & Peace of Mind
Why Outsource Payroll?
Outsourcing payroll can be a cost-effective solution for businesses of all sizes. By outsourcing, businesses can eliminate the need for in-house payroll staff and related expenses such as salaries, benefits, training, and overhead costs. Outsourcing payroll also reduces the risk of costly errors and penalties related to payroll tax compliance.
Access to expertise:
Accuracy and reliability:
Employment Innovations – Australia’s leading provider for outsourced payroll solutions.
At Employment Innovations, we understand that managing payroll can be a daunting and time-consuming task, especially when it comes to ensuring compliance with ever-changing regulations. That’s why we’re proud to be a leading provider of outsourced payroll solutions, designed to meet the unique needs of businesses of all sizes. With our expert team of payroll professionals, cutting-edge technology, and unwavering commitment to compliance, you can enjoy peace of mind knowing that your payroll is in good hands.
Benefits of Outsourcing Payroll with Employment Innovations
No hidden fees or costs
An end-to-end payroll solution
Reasons Why Australian
Businesses Outsource Payroll
Australia has a complex myriad of laws governing employment at both a State & Territory and federal level that cover minimum pay rates, minimum terms and conditions, leave entitlements, public holidays, termination of employment, workers compensation, privacy, superannuation and taxation (including fringe benefits), jury duty and record keeping.
The Fair Work Act is the primary piece of legislation governing employment in Australia. The Fair Work Ombudsman is now targeting directors, HR professionals, payroll officers, accountants and franchisors to make them potentially liable to prosecution in the event of any contraventions of the Fair Work Act by their business or franchisees.
Outsourcing your payroll will give you access to specialised expertise to not only navigate pay compliance queries but also receive advice on best practice approaches in managing your payroll.
Better utilisation of technology
Businesses are often finding themselves subscribed to a number of different solutions for accounting, rostering, HR and payroll – or perhaps only using the basic payroll features within their existing accounting suite and therefore not gaining any additional value from product features that exist today in leading payroll and HR software systems.
Any change in technology also adds to implementation and training costs for your staff if running payroll internally – and the resistance to change is also greater.
Risks that need to be managed relate to security, fraud and key person loss. Payroll fraud costs businesses a lot of money and can arise in a number of different creative ways such as ghosting, inflating time or rates and redirecting funds.
Sensitive processes such as payroll management are procedures that add significant weight to a single person or team of people that already have their hands full. When you outsource payroll, it frees up your time to focus on the other responsibilities that come with running a business.
In addition to the costs associated with maintaining in-house payroll software, you also have the cost of financing in-house payroll resources (salaries and on-costs), ongoing training, administrative overheads and recruitment costs.
The latest payroll benchmarking report discovered that it costs the average business with under 200 employees $36.30 per payslip* to manage payroll in-house. Small businesses can save up to 75% of their payroll overhead costs** by outsourcing their payroll
* Payroll Benchmarking Reports 2017 & 2018, Australian Payroll Association.
** Comparing the average cost per payslip for a fortnightly in-house payroll function for a business with less than 200 employees (Payroll Benchmarking Report 2018, Australian Payroll Association) with Employment Innovation’s outsourced payroll solution.
What are the consequences of payroll errors?
There are typically only 3 things that contribute to errors in the payroll process – people, processes and technology. Highly skilled payroll professionals are very hard to attract and retain in Australia – they are in high demand. Most payroll mistakes are made because the person processing payroll lacks knowledge, skills and training.
Symptoms of poor payroll processes and systems that need improving include:
- Employees and managers complain of errors and delays;
- There is a significant amount of manual work involved;
- Information is not easily accessible, and reporting does not provide any valuable insights; and
- Frequent off-cycle payments are being made to fix errors.
If your payroll processes display any of these symptoms, it may be time to think about outsourcing your payroll. You can complete a self-service health check using Employment Innovations resources.
How to choose the right Outsourced Payroll partner
In 2018, it is estimated that 24.7% of all Australian businesses and 37.8% of Australian SMEs with less than 200 employees are now operating under an outsourced payroll model, up from 21.3% and 28% respectively in 2017*.
Choosing the right outsourced payroll provider for your business comes down to a few critical factors:
- Proven track record;
- Compliance focus;
- Technology and features;
- Reporting capabilities;
- Integration options;
- Access to services that drive long term partnerships and expansion with your business.
If you’re looking to partner with a payroll service, find out more about the questions you should be asking your potential payroll partner.
Why Choose Us?
Trusted by hundreds of Australian companies to manage their payroll
Our Promise to you
At Employment Innovations, we prioritise your needs and provide specialised services centred around Outsourced Payroll management.
Our certifications are recognised Australia-wide
Across our payroll and HR staff, many are:
Certified HR Practitioners (CHRP) accreditation from AHRI
The Association For Payroll Specialists (TAPS) Members
Qualified BAS Agents
Australian HR Institute (AHRI) Members
Commonly Asked Questions about Outsourced Payroll
What is outsourced payroll?
Outsourced payroll refers to the practice of hiring an external company or service provider to handle the processing and management of payroll functions for a business. Learn more in our Expert Guide to Outsourcing Payroll.
What are the benefits of outsourcing payroll?
Some of the benefits of outsourcing payroll include:
- reduced administrative burden;
- increased accuracy and compliance;
- access to expert knowledge and technology;
- cost savings;
- and improved data security.
How does outsourced payroll work?
Outsourced payroll typically involves the business providing necessary employee information and relevant payroll data to the payroll service provider, who then processes payroll calculations, deductions, tax withholdings, and issues pay checks or direct deposits to employees.
What services are included in outsourced payroll?
Services included in outsourced payroll can vary but commonly encompass:
- payroll processing;
- tax calculations and filings;
- generating pay stubs;
- managing employee benefits;
- award interpretation;
- handling payroll inquiries;
- and producing reports.
How can outsourcing payroll save time and money?
Outsourcing payroll can save time and money by eliminating the need for in-house payroll staff, reducing errors and penalties related to tax and compliance, leveraging specialized software and expertise, and streamlining payroll processes.
Can outsourced payroll be customised to fit specific business needs?
Yes, outsourced payroll services can often be customized to fit specific business needs. Providers typically offer options for tailoring payroll processing, tax compliance, reporting, and integration with other systems to meet the unique requirements of different businesses.
How do I choose the right outsourced payroll provider for my business?
To choose the right outsourced payroll provider, consider factors such as their experience and reputation in the industry, the range and quality of services offered, compliance with legal and regulatory requirements, data security measures, pricing structure, customer support availability, and feedback from other clients.
ANGLICARE DIOCESAN SERVICES
Enquire about our outsourced payroll service today
Want to find out how our outsourced payroll services can save you time and money? Fill in the form and one of our payroll experts will be in touch with you shortly.