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Tag: payroll

Outsourcing makes sense for multinationals

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Outsourcing, or the transfer of a business activity or function to a third-party service provider, is a solution gaining popularity throughout Africa. This leads to a more efficient allocation of roles and responsibilities, and an organisation that runs well, performs well.

The importance of payroll in an organisation

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National Payroll Week is celebrated from 31 August to 4 September 2020, in South Africa. Payroll week is aimed to highlight the amount and complexity of the work performed by payroll professionals.

SURVEY | South Africa records one of the lowest hiring intentions

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According to the latest Employment Outlook Survey, South African employers report limited hiring intentions for the second quarter of 2020. While 8% of employers forecast an increase in payrolls, 5% anticipate a decrease and 85% expect to make no changes. Once the data is adjusted to allow for seasonal variation, the overall outlook for South Africa stands at +2%, unchanged from the previous quarter.

2020 ushers in new importance for HR and payroll data

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This year will see HR and payroll data play a pivotal role in business, becoming an increasingly valuable asset that provides a snapshot overview of the current status of the business. This is according to Ian McAlister, general manager of CRS Technologies.

Mistakes to avoid when submitting your personal tax return

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You, as the taxpayer, are responsible for declaring the correct information to SARS and will face the consequences if you don’t. Ensure that your tax practitioner declares all income by providing all the correct information to him or her.

Unemployment rate climbs to 29.1% in 2019 Q3

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Statistics South Africa (Stats SA) reported on October 29 that South Africa’s unemployment rate increased from 29.0% in 2019 Q2 to 29.1% in the third quarter. This was the highest jobless reading since 2003, and South Africa now has the joint fourth-highest unemployment rate out of 182 countries tracked by Trading Economics.

How NHI will affect your pay and the payroll department

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President Cyril Ramaphosa says that all South Africans will be covered by the National Health Insurance (NHI) by 2025, but there is still little clarity as to how the NHI will be funded.

The role of the stokvel in the organisation

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South Africans are well-known for their participation in stokvel saving schemes where members contribute a fixed monthly amount that is paid out to a specific member on a specified date. Employers can integrate these payments into existing processes to make it safer and more convenient for those members.

SURVEY | Employment Outlook Survey for the fourth quarter 2019

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According to the latest Employment Outlook Survey, South African employers report soft hiring intentions for the last quarter of the year. While 10% of employers anticipate an increase in payrolls, 6% expect a decrease and 82% forecast no change.

Migrating your payroll to the cloud

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While the arrival of multinational data centres in South Africa has prompted more organisations to consider moving to the cloud, some are still hesitant to migrate their payroll to this environment even though the advantages far outweigh any concerns.

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