Tag: PaySpace

Does solving business problems with creative ideas motivate you? Are you inspired by deadlines and accurate results? Do you like working with people as much as numbers? These questions paint a specific picture for a specific role: people who manage payroll.

Are there skills gaps in your business? What is the cost of hiring and onboarding a new employee? How should you forecast for overtime? What will your upcoming expenses look like? Is there an easier and faster way to predict and prepare employee bonuses and tax implications? These questions all have answers, hidden inside data generated by Human Resources (HR) and payroll systems.

In the past several years, Ayanda's workload has grown significantly. As a payroll administrator, she works more closely with the payments team in the finance office. They often have more questions due to remote and hybrid working and frequently look to her for answers.

Accounting is in a very exciting space. Access to modern technology has been changing the profession for several decades already. But today, it stands at a crossroads that shapes accounting's future - a break away from the routine capturing, recording and presentation of historical data.

Two years ago, the global COVID-19 pandemic changed the world. Riddled with an uncertainty of what tomorrow might bring, many who were able to, saw their homes turning into their offices, as they moved to remote working.

Businesses who still think that brand and customer loyalty are what will keep them ahead of the competition, are in for a nasty surprise. In today’s age of digital transformation and accelerated technological change, customers are looking for exceptional experiences, and are shifting their loyalties to the brands that offer them.

South Africa’s finance minister Mr. Enoch Godongwana presented the 2022/2023 Budget Speech on 23 February, announcing a few changes that, from a legislative perspective, payroll managers need to know about to remain compliant.

The global pandemic has affected meetings, conferences, and events in their tracks. Like every other industry, the events industry went through an unprecedented time, and had to reinvent itself in order to survive. The pandemic accelerated the digital world, and customers are now open to the idea of digital events alongside face-to-face.

COVID-19 changed the world as we know it, and along with it, customer expectations. Everything is evolving and those organisations that want to thrive, add value, and solve customers’ challenges, will need to have a hard look at their products and services to accommodate the shifts that are happening.

Innovation cycles are a key catalyst for growth and play a critical role in both entrepreneurship and economic development. The term ‘creative destruction’ was first coined in 1942 by economist Joseph Schumpeter. It refers to the dismantling of traditional business and economic models to pave the way for revolutionary technologies and innovative processes to improve the way things are done.