Global Company Restructuring: The deadly lesson in local service delivery

In the world of business, partnering with a global company often feels like a surefire way to ensure stability and reliability. After all, what could be more reassuring than a multinational corporation with a sterling track record?

The crucial role of segregation of duties in payroll outsourcing

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien Payroll Outsourcing has become a prevalent business strategy, enabling companies to access specialised payroll services and focus on their core business. When entrusting critical payroll processing functions to an outsourced provider, it is vital to ensure that they have robust controls in place to safeguard your payroll. Among these […]

Balancing Act: Can AI transform Human resources without taking the ‘Human’ out of HR.

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien Human resources (HR) professionals should not necessarily be afraid of AI in the payroll and HR space, but they should approach it with a balanced perspective. So, what should HR professionals be on the lookout for? AI is most likely here to stay, implying HR and payroll professionals should […]

Why “Local is Lekker” when selecting a Payroll Outsourcing Provider in South Africa

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien Global Payroll Outsourcing companies from the US and Europe have entered the South African market over the last few years, with limited success. Although these businesses have global brands and deep coffers, it has not translated into customer (and employee) satisfaction – at least not to the extent that […]

Best Practices for Ensuring Payroll Security

Managing payroll data comes with inherent security risks. Organisations must protect sensitive employee information such as remuneration information, employee tax numbers as well as bank details from unauthorised access, data breaches, and fraud.

Payroll Outsourcing And NGO’s

Non-Governmental Organizations (NGOs) play a critical role in improving the lives of people in third world countries. However, the operating environment in these countries can be challenging, with limited resources, complex regulations, and a high risk of misappropriation of funds. This is why many NGOs are turning to payroll outsourcing to simplify and streamline their payroll processes, while ensuring the security of their funds and assets. In this post, we will explore the benefits of payroll outsourcing and the strategies that NGOs can use to prevent and manage misappropriation of funds.

While outsourcing payroll can bring many benefits (cost and time savings, local expertise, and legislative compliance to name but a few) misappropriation of funds remains a real concern for global NGOs.

Here are a few strategies that NGOs can use to prevent and manage misappropriation of payroll funds:

Strong Controls: NGOs should outsource their payrolls to companies that have establish strong internal controls to detect and prevent misappropriation of funds on the payroll. This includes having clear policies, control frameworks and segregation of duties in place for the management of payroll funds.

Impartial service: Payroll outsourcing companies will (over and above legislative compliance) also objectively enforce global policies and agreements to ensure strict compliance to global company policies and rules. The advice and support the payroll outsourcing company offers is not biased towards, or influenced by, any party, point of view or local policy. It is truly independent and focused on the NGOs strategic payroll goals.

Transparency: Payroll outsourcing companies using cloud software provide access to the NGOs anywhere in the world to their payroll, financial information, and reporting. This is done by providing real-time access and updates to stakeholders on the use of funds. This can help to build trust and promote accountability, especially in countries where corruption is a concern.

Effective Oversight: The payroll outsourcing company will provide effective oversight mechanisms, such as a proper segregation of duties, where no two resources take accountability for consecutive payroll actions. In addition, the payroll outsourcing company should provide at least two internal reviews of the final payroll including an independent audit and variance sign off, to ensure that funds are being used for their intended payroll purpose.

Risk Management: Payroll outsourcing companies should carry out regular risk assessments to identify potential areas of vulnerability and implement measures to mitigate these risks for NGOs.

In conclusion, payroll outsourcing can bring many benefits to NGOs operating in third world countries, including cost and time savings, improved expertise and compliance and importantly, effective risk management

Employment Mobility

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien The post-Covid world looks at employment very differently. During the pandemic an unprecedented number of people quit their jobs for a variety of reasons – also referred to as the Great Resignation. The essence of the Great Resignation boils down to people feeling more empowered to choose where, when […]

What Does The End Of Covid Regulations Mean For Your Business – And For The Outsourcing Industry?

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien Many people have been complaining about how their businesses have been adversely affected by the Covid pandemic – DNA was not excluded. Now that all Covid regulations have been scrapped, what can businesses expect from an economic recovery perspective? We all certainly hope that the economy will recover to […]

What Covid Did For The Employer Of Record (EOR) Industry

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien The Covid pandemic has changed the way people work, forever. Although remote work was not a foreign concept pre-Covid, many businesses were sceptical about remote working. The Covid pandemic forced businesses to embrace remote working and for the most part it worked well. Some businesses experienced a deterioration in […]

Why Outsourcing Your Payroll Is A Good Idea To Have A Stress Free Tax Year-End

Facebook Twitter Envelope Whatsapp Linkedin-in Reddit-alien In addition to other key considerations when outsourcing your payroll, the time of year can also drive your decision to outsource. The beginning of the new tax year is a time when many organisations change vendors theyve been considering for a while or replace old ones that arent working […]