Payroll management is becoming an increasingly complex function, requiring a high level of expertise, focus and no room for error. It's drain on resources that brings no revenue. By partnering with Gridpay, you will have access to payroll outsourcing services , time & attendance, rostering, award interpretation, employee self service and human resource solutions, and you will experience peace of mind that your payroll is fully managed allowing you to focus on your core business. Most of our clients save between 30 –80% off their payroll related costs as a result of payroll outsourcing.
Gridpay's payroll outsourcing service extends far beyond the traditional payroll bureau, were you are just another client number with little or no control or transperancy. We become your new pay office, with online reporting & payroll access that make us a seamless extension of your business.
More than just a payroll outsourcing service, Gridpay will...
- Process payroll
- Employee masterfile maintenance
- Web based timesheets
- Payroll tax reporting & remittance
- Manage all leave types
- Salary packaging management
- Emailed, mailed or security payslips
- Third party deduction management
- ATO & ABS reporting
- Terminations & redundancy management
- Web based payroll queries
- General ledger interface
- EFT of Salary & Wages
- Web based reporting for the full financial year
- Employee declaration to ATO
- End of year processing
- Payment Summaries
- Life to date history
- Award Interpretation
- Start Stop time capture
- General payroll advice
- Customised reporting
- PAYG remittance
Why outsource your payroll?
Our world today is dominated by the internet, information & knowledge. Knowledge no longer has to be an inhouse function, it can be contracted. Such a “contract” or “outsourcing” is a powerful management tool for redefining and re-energizing any organization. Outsourcing not only more than doubles profitability of the process in question, but also relieves and enables employees to work on higher value added jobs.
In last two decades the more traditional inhouse, payroll & HR functions are gaining the respect of specialist status and are leaning towards outsourcing as the preffered operational model capitalising on the benefits.
The Outsourcing Institute cites the following top ten reasons why companies outsource payroll :
1. Reduce and control operating costs
2. Focus on core business
3. Gain access to world-class capabilities
4. Free internal resources
5. Gain access to resources that are not available internally
6. Accelerate re-engineering benefits
7. Manage difficult or out of control processes
8. Free up capital
9. Share risks
10. Bring in a cash infusion
In Australia, outsourcing is rapidly gaining the popularity experienced in the US & UK, with cost reduction & business process improvement being the main reasons for change
