Do you have adequate controls in place over your payroll activities? Do you know who is paid every pay period?
Does your outsourced service provider have adequate controls in place over your payroll and employee data?
Do you and/or your service provider maintain adequate records to support payroll processing?
A recent, independent review of a large outsourced payroll service provider found inadequate controls over payroll activities, including:
Issues included human error, inadequate checking and peer review mechanisms, missing documentation, and insufficient recordkeeping.
Each of these present risks such as under and over payments, potential industrial disputes and budgetary concerns. Not to mention the time and good will required to correct such errors.
The Centium Group is available to undertake an assessment of your payroll activities, whether undertaken in-house or by an outsourced service provider, to identify gaps in current controls.
For example, we can:
Our experienced team includes HR/Payroll specialists, financial auditors and HR Information System experts with 20+ years’ experience their respective fields.
We assemble a project team based on the size of your agency and the nature of any concerns that you might have. We would then work with you to deliver proven solutions that are clear, logical, pragmatic and easy to implement.
To find out more about how we can leverage our decades of experience to assist your organisation, contact us for a chat.