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Growing opportunity for SMEs to bolster payroll compliance

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HR and payroll management has escalated in complexity, influenced by new legislation and evolving systems. Today, service providers have rolled out solutions that make it possible for emerging young businesses to eliminate this complexity, ensure compliance and, in fact, improve operations as they grow.
This is the position that HR and HCM (Human Capital Management) services and solutions specialist CRS Technologies is taking in the market and it is paying off for a growing marketplace, says the company’s GM Ian McAlister.
“It is important for the essentials to be in place when starting a business and even more important when employing staff. HR and payroll compliance gets more complex as a business grows, therefore it is very important to have systems and processes in place to mitigate risk form the start and to ensure agility to adapt to growth and labour legislation changes,” says McAlister.
Technology that is available to any sized organisation includes payroll systems, payroll outsourcing solutions, company and employee statutory registrations, as well as HR consulting services and legislative services.
McAlister explains that most SME’s find it more beneficial to outsource the remuneration administration and management to partners that specialise in this business critical area. This is also true of HR consulting services.
However, as CRS Technologies points out, acquiring technology is only one part of a bigger process. Decision makers also have to consider key drivers like compliance, automation, cost and risk management, and mitigation.
“These are front-of-mind considerations and SMEs are looking for secure, scalable hosted solutions and services. These companies are at an advantage because they are more agile when it comes to implementing changes – systems and processes,” adds McAlister.
CRS Technologies believes that there is more of a need for automation and specialist consulting to guide, advise and improve on efficiencies.
“More businesses are looking to align technology and processes with best practice HR and payroll compliance methodologies,” McAlister explains.