Outsourced Payroll Services
Payroll can be straight forward once you set things up, however, if you are time-poor, don’t have the right resources or your company does not have a full-understanding of paying the correct Award pay rates then this can be very costly. By outsourcing your payroll, you can focus on what you do best. Key Business Advisors have been operating as a professional HR Services company for over 12 years and have dealt with a broad range of organisations. We offer a comprehensive payroll management service that encompass the following:
- Process payroll for your employees using your current system
- Set up and implement a payroll process and system in your business
- Audit your current processes to ensure you are compliant with the legislation
A payroll specialist can help mitigate stress and minimise risk in your business. Their timely advice on pay rates, awards and entitlements will help prevent costly errors – this means you have one less thing to worry about!
If you already have a system in place, our specialists can work with that or if you need help finding the right system, we can help you find one based on your requirements.
We can also manage your payroll on a timely basis. If you are going on a business trip and need someone to manage your payroll while you’re away – we can do that too! We have packages to accommodate this requirement and assist you to keep your business moving.
Payroll Management Systems
Choosing the right payroll management system can be a complex decision to make. MYOB and Xero are commonly used by SMEs, but if you’re looking to change, we can help you with some recommendations. A fully-managed payroll system includes payroll services, time and attendance management, Rostering, Automated pay runs etc. Employment Hero is one of the best systems available in the market with all of these capabilities. As an accredited partner of Employment Hero, our experts can demonstrate how this system can benefit your business.
With the right system, you also need to make sure you’re getting the right advice.
Legislation and Award compliance is becoming increasingly challenging for many companies to understand. Having a system set up correctly will ensure you are efficient, but engaging a good advisor will help with compliance. As a HR professional services company, we can work with your team and make sure your payroll system is compliant and you are up-to-date with the latest information.
Rostering Management Services Systems
Rostering and timesheet management is one of the largest payroll components for some businesses. With the new annualised salary rules that have come into effect as of 1st March 2020, now more than ever, your company will need to put something in place to ensure you’re paying staff correctly. Our professional HR team will work with you to ensure the process is 100% right to minimise your risk and save you money.
Things can go drastically wrong if you don’t have staff rostered on properly following modern awards. The General Retail Award is a good example of an award that requires a deep understanding of the rostering rules to ensure compliance and avoid any underpayment.
Doing manual timesheets or spreadsheets for rostering purposes can be laborious and has high risk for making mistakes. Let us help you manage your rosters, timesheets and payroll. We have the expertise to educate you on the exact rostering rules of your award, significantly cutting down your time and your risk of underpaying employees. As Key Business Advisors is an accredited partner of Employment Hero, we can help you implement an all-in-one HR, Payroll and rostering system that will benefit you (the employer) and your employees.
Should your company already have a rostering system in place, and you need professional HR Advice on whether you are paying correct pay rates, let us audit and advise what you need to do to ensure your company is on the right track. Many businesses (including conglomerates such as Coles and Woolworths) have been heavily penalised by FWC for underpaying their employees. We have come across many cases where the employers have overlooked their compliance. We had to implement changes to get them back on track. So it’s advised to get an audit done, to make sure you are rostering and paying your staff correctly.