Payroll is important because your people are important.
KPMG ThinkPay offers a holistic approach to payroll compliance. Now more than ever, preparing your business to deal with the challenges brought about by COVID-19 and preparing your business to respond to the current and upcoming challenges can feel overwhelming. The environment of businesses has changed so fundamentally. It has brought about key initiatives to deal with the consequences including income support measures, JobKeeper payments and superannuation initiatives launched in March and April 2020. More recently, attention is being drawn to the industrial relations and skills elements of the government’s initiative (JobMaker) to better support businesses and create jobs.
We can help you navigate your payroll compliance position and with your people in mind. We can assess your position, accelerate any remediation activities and transform your payroll monitoring capabilities to enhance your business operations for the constantly changing landscape. Payroll is important because your people are important.
The payroll network requires expert navigation to ensure your people and your company’s reputation are protected. Non-compliance with payroll rules can lead to significant impact, both financial and on the people affected.
Our Health Check offers Enterprise companies an assessment to understand whether they have a payroll compliance issue. Larger companies can engage a broader review and investigation into the extent of a payroll vulnerabilities and exposures. That can lead to a remediation stage that addresses how to fix the problem in terms of making back payments to employees efficiently and enhancing payroll systems and processes. Lastly, there is a maintain and transform stage where we have a suite of services to help clients sustain compliance on an ongoing basis and future orient their business.
KPMG’s ThinkPay Health Check will review your payroll environment to better understand your organisation's workforce profile, employment arrangements, payroll systems and governance, providing you with a rapid understanding of any vulnerabilities and areas of risk.
We will assist you to understand your payroll and industrial instrument landscape to identify potential exposure to wage non-compliance, undertake vulnerability assessments of the payroll environment, understand key risk indicators and recommend next steps to undertake further analysis.
Take our short diagnostic survey to self-assess whether you have a potential payroll compliance issue and contact us about KPMG ThinkPay.
We provide a detailed risk-based assessment of your payroll obligations, processes and systems (vulnerability assessment), and perform a detailed analysis of business’ payroll to assist you in determining the size and value of the exposure (if any) and the impact it may have on your business and people. We can provide objective analysis of investigations already completed by businesses and external parties.
We help you design and operate a fit-for-purpose remediation program to quickly address the issue – whether it be identifying gaps in existing processes or repaying your people to address underpayments.
Scalable future-orientated options that focus on enhancing payroll integrity through effective monitoring and oversight, timely strategic advice, integrated operation of payroll activities and transforming payroll functions and systems to help meet regulator, community and legal expectations.