The Importance Of Gender Pay Equality In A Workplace

The ideal rules and the Employment laws in Australian expect that every single Australian employer should take steps to reduce discrimination based on gender. The negative method of salary discrimination started in the early 20^th century when many females became the workforce and they were paid almost 75% less for a similar work. Unfortunately, this has still not been eliminated completely in numerous offices in Australia.

The system where gender pay equality is followed can be characterised as a workplace in which males and females are compensated similarly for the work of the same or equivalent value. This implies the workplace issues and salary are received in a non-oppressive manner and depend on the abilities, skills and responsibilities to name a few. Training, promotions, and adaptable working courses need to be equally open to women workers as they are to men staff members.

Australian Bureau of Statistics, a government agency, recently showed numbers that proved that gender-based salary inequality still happens in Australia. These numbers demonstrated that the compensation difference is genuine and females are paid around 20% less than their male counterparts in comparative parts at work.

What appears to impact this genuine difference are components, like undervaluation of the businesses owned/controlled by female workforce, lessened availability to training for females, low interest in reward and performance allowances by females and absence of adaptability in the workforce not permitting employees with family duties to flourish, and of course females form a big part in this category.

Various, stats, researches, studies, etc. have clearly shown that there are multiple benefits of applying gender pay equality in the workplace. Employers can hope to have workers that are more inspired and hold the best and brightest employees removing undesirable attrition rates.

A large number of organisations following pay equity likewise get to be distinctly referred in the industry as the businesses of choice pulling in most skilled candidates and avoid any negative reputation that may emerge from unreasonable expulsion or pay imbalance legal procedures.

Let’s take a look at the ideal steps you can take as an employer to achieve pay equality in your office.

• Make sure that your organisation has clear strategies and performance audit process to guarantee equal access to allowances, rewards, promotions and training.

• Create a new process or update the current one that you already have to make sure that your company is free of gender bias.

• Find out whether every role in the organisation is genuinely defined and level of responsibilities and working conditions are measured on a regular basis.

• To find out if the gender based pay inequality is present in your company or not – you can conduct a pay equality audit. The easiest approach to do this review is through payroll data. You can get payroll software info to be more specific when it comes to audit gender based pay.

• Make sure that adaptable working arrangements are accessible for every employee and that a good company culture is followed in the organisation.

• If you witness any irregularities in your company, then these can either be made clear or should be eliminated at once.

Follow These Tips For Effective Payroll Management

Remember, if proper care is not taken then even an extra dollar per hour can cost a company thousands of AUD every year in unwanted expenses. Here, we have made an attempt to list the most common payroll management mistakes that should be avoided by businesses.

Let’s take a look at a few steps you can take to Manage Payroll for your company.

Get Another Person To Make New Employee Records

You need to make sure that the payroll individual is not a same individual who makes the new records for workers. By taking this step, you can ensure that the payroll individual can’t make a fake worker to receive payment every month. You also need to ensure that the manager makes the record as it additionally helps the manager to watch out the system. Also make sure that your software skills are excellent.

Keep An Eye On Every Cent Spent

When making allowances ensure that all the entered information is right to the decimal point. One mistake between of decimal between the numbers will shoot up the whole amount from cents to dollars. Go through the information before and after entering to save time later when you look for any mistake in the payroll. Build up an adjusting policy to submit the right amount while calculating allowances or penalties.

Timesheets Should Calculate 15 Minute Blocks

When workers submit their week by week time-sheets it can be difficult to translate the numbers and enhances the danger of blunders. Make the time-sheet as it will allow the record-keeping to become more exact from the beginning. Try To incorporate these points:

• To avoid mistakes, utilise a 24-hour time reporting system.  This will prevent mistakes like entering a 6pm start as a 6am start, which can transform the common pay rate to a penalty rate of pay.

• Ask all workers to record time to the closest 15 minute without rounding up the nearest time period. You might think that it’s not much, but every hour your employees are spending free, your costs are going up.

Examine The Award Entitlements

Due to the fact that the fines for underpaying workers can be more than AUD 30,000 for every mistake, it is critical that you survey and watch that all compensation rates, allowances and additional time rates are at par with the latest legal requirements.

For instance, if all the workers get an automatic increase of 3% under the Australian laws, then this implies your payroll should be changed in accordance so that it meet this legal ruling.

Even if it doesn’t seem like much, however in case you neglect to apply this change and your worker reports you for underpayment, then it will result in bringing the case to auditor who will then ask the time and salary record for that employee for evaluation.

Remember, one cannot stay away from giving the right salaries to the employees in Australia as they have 6years to report a case of underpayment. Do you wish to stay away from all these troubles? Then you have two options – Payroll outsourcing and Payroll software.

Payroll outsourcing is a third-party will manage all your tasks and you won’t be liable for any mistakes. Payroll software is a cloud based service that will help you to run all the payroll related tasks smoothly.

So, choose one of these options today to stay away from any troubles that might arise for your company.

Thinking About Social Media For Your Business? Here’s What You Should Do

Nowadays, we simply can’t ignore the role and importance of social media platforms in the rise and growth of businesses of all sizes. However, some small businesses who haven’t begun with social networking may feel overwhelmed, and confused by platforms like Facebook, Twitter, LinkedIn, Google+, Pinterest, and YouTube, especially when they think about things to do or to avoid while utilising these platform’s for business promotion.

No need to worry! Let’s take a look at some tips that will help you to explore the social media platforms in a sensible and powerful way.

1. Select One Social Media Website To Begin With

Many small businesses that are active on many social media websites at once might feel overwhelmed to manage all the sites. They may fail to learn how to run profiles on each site properly and may end up trying too much too fat. Pick one website to begin with and concentrate on it completely before moving onto others.

2. Make A Time Budget

You could spend hours every day to increase the popularity of your brand on popular platforms. While that might be a decent approach, but you most likely don’t have sufficient energy, or time for investing so much into online networking. Rather, make a time budget that confines the networking time on a daily or weekly that can be managed far more effectively.

3. Have Clear Goals And Objectives

When you’re aware with the time limit you will spend on social networking sites, you should be clear about your objectives. What would you like to achieve with online networking? Are you keen on producing leads, discovering partners to work with, and setting up yourself as a specialist in your industry? Clear your objectives and goals, and then perform progress checks to ensure that you’re on the right track.

4. Outline Your Approach

Many distinctive approaches to utilise social media for business are available these days, and one approach is not really better than another. The key is to be aware what your planned approach is before you begin. Do you want to act as communicators, give industry-related news feed, or introduce a blend of business and individual data? Plan your approach and use it to achieve your objectives.

5. Sneak And Discover

Once in a while, the most ideal approach to begin on a new social media platform is by joining and afterward viewing the professionals, or possibly the general members who have been utilising the site for a while. Every online networking website has an extremely unique set to offer to its viewers, and it can be a smart move to invest some energy watching and learning details before choosing the site for promotion. You’ll also need to learn the way to use the social networking platform to promote your business.

So, you have decided to promote your business on social media platforms to reap in profits. Do you know another platform that can prove beneficial for your business? Payroll Software is one such tool that can help your business to grow in the right direction. Search of different payroll solutions available and get started with the best! If you don’t wish to manage payroll on your own, then payroll outsourcing is an excellent service you choose for your company.

How Secure Cloud Based Payroll Services Are?

Payroll systems that keep important information about employees, such as personal addresses and Tax File Numbers are quite appealing to hackers. You must have heard reports about web attacks and the revelation of personal data have now turned out to be quite common.

This is the reason why it’s nothing unexpected that when it’s about assessment of the payroll management systems, information safety and security are 2 of the top most areas of concern for any organisation, regardless of its size. This is one of the major reasons why numerous organisations choose to stay with in-house and reliable payroll software.

Many organisations also believe that their sensitive information is less at risk or danger of getting hacked on the organisation’s own servers than on cloud servers, which can be accessed through the Internet by hackers. Although, this is a wrong assumption as the cloud based payroll service is also a safe and reliable field.

In any case, this discernment that cloud based workers’ information is less secure is changing as the companies are rapidly adopting cloud based Payroll solutions. Cloud based payroll systems can provide extra levels of security and backing which is usually not found in old & traditional systems. The security is extended to regular security reviews, individuals devoted to check threats, monitored safety of physical servers.

Another best thing about these systems is that they can be accessed by numerous individuals on an assortment of gadgets or devices from anywhere, anytime; all you need is a good Internet connection. This amazing level of accessibility makes the management of payroll more effective, although it underscores or degrades the significance of employee training and the importance to confirm the identity of any individual accessing the systems.

Here are some easy ways organisations can use to guarantee safety of employee information. Have a look.

• Passwords Should Be Strong

Best practices should be followed when it comes to Login credentials. Passwords ought to be longer than 8 to 10 digits, and incorporate letters, numbers and/or characters.

• Storage of The Passwords

It’s worth mentioning that passwords ought not to be composed down on the display. If you have a problem with remembering passwords, then you can consider tools or apps like an online or offline password vault.

• Quick Detection

You workers ought to be educated about the indications of suspect emails or spamming, and they should never present credentials in a form or site connected in an email.

There are various organisations that provide cloud based payroll service that follow to these security protocols. You just have to find the right one. Taking everything into account, information security is a two-way road that needs suppliers to do their job by putting resources into encryption, SSL technology, security monitoring and assists clients to execute best practices to make sure the systems are utilised in the most secure manner.

How SaaS-Based Payroll Service Is Taking Over The Small Businesses

Costly infrastructure, payroll department set up cost, in-house training are some of the major factors which have contributed in the growth of Software as a Solution (SaaS) – based payroll service. There are some organisations that have started online payroll service to help businesses focus more on their core business projects.

At the point when organisations procure payroll service, all they require is a hi-tech computer and a high speed, reliable internet connection, so that payroll summary reports of the workers can be accessed easily. No matter what’s the size of the company, whether it’s a new company, small or mid-sized business, they can reach and handle payroll each month without utilising services of individuals and/or setting up a separate department. Just with a single account, you will get access to all the old & new payroll data and can prepare current payroll which will be accurate and on time.

The business owner enters the functioning details, salary and other crucial data to get the exact total to be paid to the workers in every payroll interval. The payroll assessments likewise incorporate important cut-offs in terms of debts, loans, credits, and taxes from the salary.

One of the best things about payroll SaaS is that the even the minor details which are entered for a specific worker is kept for the next payroll process. Also, it disposes of the requirement to make manual calculations, which are frequently considered as a principle reason for making blunders in payroll service management. When you have entered the details onto the framework, you just need to see and finalise it, and then it goes straight to the workers’ account by means of direct deposit.

Aside from payroll service, they likewise pay and document taxes, according to the government, state and local laws. With this, the organisation can make certain that they have made the instalment/payment precisely and on time to avoid a wide range of charges and penalties.

Besides, regardless of the possibility that the organisation gets any kind of notification by the ATO (Australian Taxation Office), it turns into the obligation of the outsourced organisation to handle all the issues. Along these lines, the organisation can make certain that they won’t need to make payments of the penalties imposed by the ATO office.

If you are prepared to take online payroll service for your small business, you should make a right choice to extract most features while remaining in your budget. While choosing a payroll service, you can look at the reviews posted by clients of the payroll firms you have shortlisted.

In addition, a visit to their office or direct interaction through emails with their delegates will help you to figure out your questions about their services. Request a free quote at the initial step while making a decision for your organisation, and then you can continue with the developments.

Top 15 Reasons That Will Tempt You To Outsource Payroll

In reality, there is a wide range of reasons why businesses choose outsourced payroll. Let’s take a look at these top reasons that will convince you to outsource payroll service. These reasons will explain you the benefits of outsourcing payroll.

 

1. Cost

Outsourcing payroll has minimal cost effects, most particularly in the event when you outsource services to individuals based in nations that have lower financial status compared to yours. You can help them acquire cash and they can assist you by delivering effective administrations at low expenses.

2. Productivity

Payroll management requires lots of effort and time. When you’re maintaining a small business, overseeing payroll is still tedious on the grounds that you need to manage multiple money related exchange/transactions. When you go for outsourced payroll, you can concentrate more on the other vital parts of your business.

3. Accuracy

In any monetary parts of a business, clarity and precision ought to be observed in the majority of the time. Outsourcing payroll to individuals who have skills in managing accounts can guarantee the highest rate of clarity, accuracy and precision.

4. Speed

A worker can work quickly when he/she is operating at favourable location. Outsourced payroll conveys less stress and diversions for your outsourced worker since he/she can work in any location and time. Your outsourced worker can operate at a quick speed when there is less stress and disturbance.

5. Insight

Your outsourced payroll service representative has more opportunity to examine and stay updated on the latest bits of knowledge about financing nowadays since his/her assignment has lesser stress than being a standard worker who’s operating in an organisation. You can offer bits of knowledge to your worker, and he/she can offer info and contribute to your business.

6. Accountability

Outsourcing payroll administrations can provide talented representatives who have expertise in managing funds and accounts.

7. Reliability

Outsourced payroll has a high rate of dependability since the person who is dealing with your payroll can work more effectively when he/she operates from a location that suits them most.

8. Security

In outsourced payroll administrations your pay checks are secured since they’ve knowledge about all the rules of accounting and they work hard to maintain their reputation in the industry. Some payroll administrations have tools and software that can find out payroll fraud or any manipulations which are made in the payment.

9. Fewer Worries

In the event that you go for outsourced payroll, your stress will decrease significantly, and you can concentrate more on other core issues of your business. There is no compelling reason to stress in outsourcing payroll as most of the payroll services are dependable.

10. Flexibility

When you choose outsourcing payroll, your workers will be liberated of routine payroll obligations. Thus, your workers can now focus on their particular assignments and parts of your business, prompting conceivable business growth and excellence. This will make the business more capable and adaptable to face/manage business troubles later on.

11. Confidentiality

Professional payroll service is aware with the guidelines and protocols of taking care of the accounts; therefore they are dependable in keeping up the privacy of your own funds.

12. Deadlines

A professional payroll service is being well aware with the deadlines, they have excellent time management, and they can guarantee you that they have the capacity to meet your due dates as they are operating with their own time preferences.

13. Pricing

You don’t have to pay a very large sum of money for outsourced payroll services. While evaluating payroll service, you simply need to construct your costs with respect to the level of service the outsourcing specialist can offer.

14. Payroll Information

Payroll service can give data & info to your account. So, you don’t need to invest energy in handling and checking payroll before giving it to your bookkeeper.

15. Guidance & Recommendations

Renowned payroll service providers offer guidance and recommendations about changes which influence areas, for example, minimum wage, holiday grant, sick pay, maternity pay, etc.

Why Should You Get A Cloud Payroll Solution?

‘Why should I get a cloud payroll solution?’ This is a common question you may have heard before or may have even asked an expert yourself.

Let’s take a look at these 4 reasons why you ought to need a genuine cloud payroll service:

• Administrative Change

Payroll laws and regulation see changes on a regular basis and you have to realise that your payroll is state-of-the-art. Cloud payroll deals with the upgrades for you and removes the requirement for you to stress over ‘when’ and ‘how regularly’. State and local tax controls change frequently, and other administrative upgrades also, you require your software to stay updated at all times.

• Easy Accessibility

With cloud payroll, you will become highly flexible. One of the major disadvantages to being in charge of payroll in your company is the need to be present there, when the time comes to pay your employees, without failing. With cloud payroll solutions which imply being where your local servers are – at your office. With cloud software, your scope of accessible areas from which you can process or manage payroll is significantly extended. You don’t have to fear adverse weather situations or a vacation if concerned, because in those situations all you need is an internet connection to access your payroll data.

• Mobile Or Scattered Workforce

Your employees are requesting more noteworthy access to their own particular individual payroll data. Furthermore, perhaps you are requesting more from them – asking for time off, affirming address changes, getting their own copy of their last three salaries. To proficiently and effortlessly associate your workers to payroll, you require cloud payroll solutions. There’s no other way other than cloud payroll, which successfully deals with the wide range of regions, settings and operating systems.

• Freedom To Use Any Mobile Device

Dissociating the payroll system from your specific IT territory provides you flexibility. It additionally makes you less reliable on choices made by others in your company which incidentally affect you. Possibly your organisation has chosen to update all computer systems to the most recent variant of Windows. On the other hand, perhaps it has chosen to open up to numerous mobile devices OS’s. Alternately, perhaps the new server environment is being considered. These might be exceptionally strong choices from a hierarchical point of view however introduce huge trouble and hazard to your area of expertise. You can easily free yourself and your worker’s pay from inside changes to your specialized surroundings.

Final Thoughts: Control, freedom, proficiency, flexibility and compliance are some of the major benefits of cloud payroll. These advantages influence businesses to go for cloud payroll solutions. So, what are you waiting for? Implement cloud payroll in your business and see the difference it brings to your company.

The Best Plan For Choosing A Payroll Company

Generally, people might not think that there are a lot of things which goes into selecting a payroll company. You have also considered them to be all identical, right? It’s quite possible that you will not notice the importance currently, but it’s a call that may have a great effect on your company’s monetary future. With so many choices available nowadays, you ought to be able to find a service that’s good for your business.

Here are some recommendations that will assist you a better decision while choosing a payroll service for your business.

• Understand What You Wish, Understand What You Do Not Want

Payroll firms supply a wide range of payroll services. It’s vital to pay for what you want and don’t sign up for services that aren’t concerned with your business, industry, estate, etc. Several corporations have policies of ‘excessive-serving’ their clients as a way of boosting their own business. Do not allow your company to fall for this trick.

• You need to make sure that payroll service you’re hiring has good experience in managing the ‘big 3’, which incorporates:
  • On time payment of your payroll taxes
  • On time payment of your workers
  • Payroll tax forms filing before the last date arrives.

•  What Will Be Your Monthly Cost?

The answer for this question may vary from company to company and depends on the firm you select, also on the level of service you need and the number of staff you have got. It’s vital to understand precisely what proportion you may end up paying for every month as it will enable you to take into account this expense.

With these 3 excellent tips, you may notice that it is easier to find the right payroll company for your business.

If you don’t have much knowledge about payroll and you’re not sure of what you should do, then it’s vital to gather the maximum amount of data & info as possible. Do that by asking these questions:

• What type of reputation does the payroll company have among clients?

• Who’ll be made liable if a mistake is done?

• How the payroll service provider is planning to deliver updates and reports from the?

• Will there be any changes in the monthly/annual fee?

• What type of data & info will the payroll service company want access to?

• Would I be paying for an account representative or I’ll running online payroll myself?

As you get answers of these questions, you’ll become a lot sure that what you need from the payroll service company. Therefore, follow these tips properly to achieve new heights for your business.

The Latest Trends in The World Of Payroll

With ever evolving technology, it has become quite important for small businesses to run parallel with the most recent trends and enhancements. Meeting developments in the world of payroll is one necessary example.

Your company has many options of approaches to fulfil this important business accounting requirement:

• Hiring outsourcing payroll firm to manage the work

• Utilising payroll software system with in-house workers

• Utilising payroll service online, also known as Payroll SaaS

The temptation of hiring an outside company, of course, is full of convenience however the negative aspect is the cost. It’s one of the most high-priced possibilities and the need to supply information to the payroll supplier still needs employees’ time. However, these things can be easily subsided if you find the payroll service that offers high quality work within your budget. It’s all about how much you’re willing to find a company that suits your needs.

A commonly used approach by many companies is traditional software when it comes to payroll. No doubt, payroll software is far less costly than outsourced payroll. However, it can prove a bit difficult to keep software up-to-date with the most recent tax laws and this can be an area of concern.

If you are failing to stay up with the Australian Taxation Office (ATO) law, you’re on your own to face the government in order to resolve any notices or penalties. Additionally, software system needs employees’ time to enter the information and the entry should mostly be done at the workplace. However, these problems will go away once you choose the best payroll software – Preceda.

Payroll SaaS provides multiple benefits compared to traditional software, together with price, convenience and simple and certain compliance with ATO tax rules. An honest payroll SaaS can save almost half the price of traditional software.

Payroll processing with a SaaS has become easier than ever:

• Login to a safe website and provide workers’ payroll information for the time period

• Ensure the data you entered is right

• Just approve the payroll

After that the payroll can cut and file all the relevant payroll taxes and pay staff by direct deposit, or deliver self-print pay checks for managers. During the right quarterly and annual intervals, ATO forms are filed automatically. The major advantage of online payroll is that the payroll is filed anytime which is quite convenient. All you need is a PC and an internet connection.

Employees’ time is cut notably and transferred to convenient times. The online payroll service can incorporate any changes related to tax laws seamlessly into a software system. You don’t have to worry about keeping up with the ATO’s ever-changing rule book.

Top 6 Pros Of Outsourcing Payroll Service & Getting Payroll Software

One of the biggest challenges which are being faced by the majority of businesses today is increasing efficiency. Outsourcing of business processes, especially Payroll and human resources are being considered by more and more companies. This is happening usually because third-party providers can perform those functions more efficiently. Businesses often wonder if choosing an online payroll service is the right decision for their organisations.

Here are top pros you should know when deciding to use online payroll service.

1. More Cost-Effective And Highly Efficient

 Good payroll software enables you to finish payroll tasks within minutes and saves lots of time, which you can give to other important tasks of the business. You can easily calculate the salary based on hours, overtime and bonuses with the help of payroll software, while keeping track of PTO. You can use your employees to focus on the core issues, which will help your company to grow unprecedentedly.

A recent study stated that businesses that choose payroll outsourcing spend 20% less on average compared to companies that keep it in-house. Don’t forget that time is money, and payroll outsourcing is an ideal way to reclaim valuable hours.

2. Taxes Are Filed On Time And Correctly

The ATO (Australian Taxation Office) penalises near about 1 out of 4 businesses for their errors in payroll and millions of AUD is issued in penalties related to employment taxes. Choosing payroll software or payroll outsourcing provides you an opportunity to work with tax experts and automated processes, which ensure accurate, timely and correct filing.

3. Compliance Best Practices

Apart from tax compliance, a large number of payroll service providers can also offer assistance with labour and employment compliance through time & attendance solutions. As your business grows, you’ll notice that legal and regulatory compliance has become a lot more complex. This makes it a lot important for businesses to find a payroll service provider that can help with growth and mitigate risk involved in these areas.

4. Speedy Access To Data And Analytics

With cloud payroll, you’ll get secure and on-the-go access, which automatically allows you to view and edit workers’ info whenever you need to. Custom reporting and analytics, dashboards are also offered by many payroll software providers so you can create all types of reports in a matter of clicks.

5. Self-Service For Employee

One of the best things about cloud payroll is secure online access, which allows workers access to things like pay slips, time off requests and personal info. A few companies are now also offering mobile apps, so workers can get info directly on their Smartphone.

6. Easier For Workers

A user-friendly payroll service will help workers to learn and use the services easily instead of a complex in-house process. Ease-of-use can play an important role in minimising workload for managers of a company that changes jobs every few years.