Opportunities to outsource in 2010
The end of the last decade will not be one that anyone will forget in a hurry. As the global economy teetered on the edge, businesses up and down the country felt the impact with low demand, reduced access to credit and a falling Sterling all conspiring to send confidence to new lows. With reduced confidence came inertia as organisations trod a cautious path, often unwilling to make long term decisions or start new partnerships.
Payrollers will have felt the effect of this inertia as much as anyone else, with reduced budgets and, in some cases, reduced headcount likely to have put teams under increased strain – while the core requirement for teams to pay people the right amount, on time, every time remained. As well as this, new rules, regulations and tax changes continued to come into force which payroll teams have had to come to terms with and implement.
As the economy improves and organisations start to plan for the future with renewed confidence and gusto, payroll teams are going to be as busy as ever, if not more so. HR and finance are likely to draw heavily on payroll for support with restructuring, recruitment and reward and benefit schemes. At the same time, as companies start to recruit once again, payroll and HR teams – which may themselves have reduced in size - will have to deal with increased workloads.
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Software as a Service (SaaS) is a concept that has increased in popularity over recent years, offering an effective alternative to loading and hosting a multitude of software programes on a company's IT netowrk or individual computers.
However, like many buzz words SaaS is a term that is frequently misunderstood and is often used as a ‘catch all’ term for any service incorporating a web based element - when many actually offer additional value.
ADP’s UK payroll and HR solution, ADP freedom, is an example of a web based system that goes further than SaaS, offering added value behind the online technology. So you get all the benefits of SaaS but with a personal element and added level of expertise.
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The image of lines of workers clocking on for work in mines and factories is one that will be forever associated with Britain’s proud industrial past. Indeed, the term “clocking off” is now widely used by many to describe finishing work, even though most of us never actually physically or formally mark the start and end of our working days.
Of course, in many industries, employees still need to do this and there are what are often known as ‘time and attendance’ products and services available for this purpose. Gone, to a large extent, are the traditional punch card systems, which have been replaced with anything from swipe cards to biometric scanners. But the concept of time and attendance remains the same – an employer recording employee time of arrival and departure from work.
It’s official: outsourcing the payroll function is cost effective. But that’s only the start. Dennis Howlett explains
According to research undertaken by Cranfield School of Management, outsourcing the payroll function is more cost effective than running the operation in house – and by some margin. According to Cranfield, if you take both the direct and indirect costs associated with payroll administration into account, then you should discover the potential for an eight to ten percent cost saving by outsourcing. But is this true or is Cranfield being selective in its thinking?
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Going Green
‘Green’ is the issue of the moment. Everybody is talking about it! It has moved from being a fringe issue, once voiced through hardened campaigners, to one of global concern to save the planet. This issue has touched everyone in their everyday domestic lives and increasingly in their working lives too. But what is actually being done in the business world outside of offsetting or reducing carbon emissions during the manufacture process?
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Market Focus: Few Service Providers Can Claim Brand Awareness in Outsourcing (Executive Summary)
Executive summary document detailing brand awareness amongst outsourcing organisations.
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Payroll World - Ian Gray EDI byline
Ian Gray of ADP makes the case for EDI, the ‘old’ technology that suits payrollers owing to its reliability.
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Electronic Data Interchange – What’s ADP doing about it?
EDI is a standard secure method of electronically transferring information between organisations. An initiative from Government to increase the use of EDI to transfer data to and from the Inland Revenue will bring major benefits to employers but is placing on them the responsibility for the costly and time-consuming set-up of the facility.
Find out more about EDI here
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Taking the Sarbanes-Oxley sting out of Europe
Call it coincidence, but accountants’ annual results showed strong growth in revenues on 25 January 2005 as companies across the US and Europe scramble to seek help adapting to the Sarbanes-Oxley Act of 2002 and the new International Financial Reporting Standards (IFRS) in Europe. Despite the accountant’s cheerful results, nearly 600 listed US companies are already facing lawsuits and higher borrowing costs after admitting ‘material weaknesses or significant deficiencies’ in accounting procedures. Imagine the numbers affected when you take into account these companies’ clients.
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