How It Works - Outsourced Payroll Management
How it Works - Outsourced Payroll Management
What will we Deliver?
The key features of our service are:
- one flat fee,
- compliance with the latest ATO taxation and superannuation legislation,
- fully scalable to meet your current and future payroll requirements,
- full employer access giving you access to reports, employee data, etc,
- personal and understanding payroll support officers available by telephone and email,
- no use of answering machines or voice mail,
- pay slips can be securely emailed or posted to employees, and
- a fully integrated employee self-service portal through which an employee can:
- view pay slip and superannuation contribution history,
- apply for leave,
- submit timesheets.
Small Business
Small businesses must pay their employees, pay tax and superannuation and often do so at the expense of income earning activities such as providing professional services, quoting, invoicing and chasing payments. Let PayMe take the stress and uncertainly out of pay, tax and superannuation for you. At the same time give your employees the added benefits of reducing their tax and increasing their pay so they do not have to wait until tax time to receive their work related tax deductions.
This will contribute to your competitiveness, and your employees will receive a payroll service that only big business can afford. You will see increased employee morale and retention, and you will not have to invest in payroll software and payroll staff. We work as a team with you to define your needs in a way that you can hold PayMe accountable for:- being available during business hours to answer your employees payroll questions so you can concentrate on work,
- putting in place payroll changes without you having to check with your accountant, and
- being as close as possible to 100% accuracy with pay, on time every time.
Medium Businesses
Medium businesses have similar payroll issues as small busines... only on a larger scale! We find that our clients have at least three of the following four business drivers when engaging PayMe:
- To reduce investment and operating costs associated with payroll in order to increase investment in core business,
- To have known payroll operating costs and service delivery key performance indicators (KPI) against which PayMe's performance can be measured and through monthly KPI reports integrated with a business's HR and Finance KPIs and other business and workforce planning tools.
- To increase employee retention and morale by providing a comprehensive suite of payroll services that would otherwise return little revenue if the company provided these services in house.
- To provide a payroll function to employees and contractors that appears in house, is always available by email or telephone, and is personal, understanding and immediate in implementing payroll changes employee's request.
To Reduce Payroll Investment and Operating Costs. Payroll management is an increasingly complex function with additional compliance requirements that are overheads to all business. Payroll functions require a high level of expertise by staff that are expensive, and information systems that are significant in terms of investment and operating costs. PayMe's services can reduce a business's costs associated with payroll staff and payroll systems, which on their own, return little tangible revenue to the business. PayMe's services are an enabler to increasing revenue from core business, and can return tangible business benefits through the three drivers below.
To have known Payroll Operating Costs and KPI Measurement.; PayMe's fees are flat fixed fees that are predetermined by contract and will therefore integrate with a business's workforce planning capability to capture the costs associated with a changing workforce. Our performance is measurable and we will report on 100% accuracy for payroll transactions. We provide client required reports each month or pay period on all aspects of our performance to show 100% transparency. These capabilities can be used by a business to measure return on investment and can be utilised at the more granular level to determine the employee and payroll trends.
Employee Retention and Morale. Employees always seek ways to increase their cash in hand and reduce tax. The provision of payroll services that offer these capabilities has been proven to increase employee retention and morale particularly when they are a condition of service. PayMe provides all services at the one flat fee. Therefore a business can provide more attractive conditions of service that in turn increases retention and morale. This is usually not possible under normal operating circumstances because comprehensive payroll services provided in house; would normally be seen as other than core business, and the return on investment would not be justified.
The Appearance of an In House Capability. Some business have a need to provide its employees with the comprehensive payroll services provided by PayMe, however they still want to ensure that the capability seems an in house service, as opposed to a payroll service provided by an outsourced company. PayMe can provide businesses such a service directly from a business's intranet.
