Payroll is not just about paying people accurately and on time. Its value and importance to Australian employers is so much more. It manages what can often be an employer’s largest expense, carrying with it the risk of wage underpayments, while payroll and Time & Attendance data can unlock valuable insights for an organisation.
Historically, payroll has been seen as a low risk function that is generally automated (or outsourced). It rarely troubles the higher levels of management, as long as it is running smoothly. To that extent, many organisations may not have given payroll a great deal of time or attention.
In the current environment, organisations are now looking to support payroll by implementing more effective controls to manage risk, and incorporating technological advancements and data analytics to unlock the true value of payroll.
Our payroll advisory team help Australian employers meet their payroll obligations and realise their payroll opportunities across these five areas:
Payroll remediation
Payroll transformation
Outsourced payroll
Time & attendance advisory
Business insights and data analytics
Payroll due dilligence
PwC has been a pioneer in partnering with some of Australia’s largest employers across a variety of industries to assist in unlocking payroll potential. Our deep payroll experience, skills and knowledge enables us to offer you current, pivotal insights and advice into how you can keep pace with the evolving regulations and opportunities associated with payroll.
Hosted by Rohan Geddes and Claire Soccio, our monthly insights – This Month in Payroll – is a popular monthly series that provides Australian payroll leaders with essential regulatory updates and market changes that affect the payroll function.
Access our ‘This Month in Payroll’ Archive
Welcome to our October edition of This Month in Payroll. In this edition we will explore AI developments impacting payroll, key considerations as we prepare for calendar year end and the impending introduction of criminal penalties for wage theft.
We provide a single source of services for all issues related to the employment of people. When you engage with our payroll advisory team you can also access a number of our other services across our Workforce Team, including:
