29th March, 2016
Payroll in New Zealand is complex. Did you know that New Zealand was ranked 10th in the world for payroll complexity*? The main reason for its complexity is the disconnected nature of the current system.
There are also some significant industry challenges adding to payroll stress. Things like human error due to the manual handling of data, variability in payroll calculations, and complex government reporting requirements all play a part in making payroll challenging for business owners.
The IRD faces its own challenges, too, in dealing with various service providers, software providers, payroll calculation engines, and in some cases dealing with users who do this all manually and offline.
From our research, 75 percent of employers tell us they feel pain around employing staff. Around a third find payroll challenging. At MYOB we want to alleviate payroll pain to help simplify payroll for businesses.
This month we released Essentials Payroll, the first of MYOB’s next gen payroll products and services. Essentials Payroll includes all the things our clients love about being online and some new features too.
Smarter payroll saves you time, hassle and stress – and lets you focus on running your business.
Want to see how Essentials Payroll can help you and your business? Watch here.
* Source: NGA Human Resources Global Payroll Complexity Index 2014