Explain some of the main factors that HR department at Anglo coal need to consider when designing an effective payroll system which will suit their shared services. South African Coal industry is the second biggest mining sector after gold, with sales contributing 16%of export revenue to South Africa mineral sales 4% to the GDP, South Africa is the world's largest coalexporter, after Australia, as well as the second-lowest lowest cost producer. As a gold industry, thesecond sector has undergone similar mergers, acquisitions and name changes over the past few years.The financial service shared service centre got established in 2004, the plan was to incorporate NewVaal and New Denmark into the shared services by the end of 2005. Their basic financial accountingand payroll functions were consolidated into the shared services. Anglo Coal is a perfect candidatesfor the implementation of the shared services centre. This new innovation will pave the way for othermining industries to share similar characteristics of having several business units with decentralisedfunctions located around a potential epicentre (Ramjattan, 2006 cited in Adler and Peer, 2019).

Human resource management (HRM): It consists of activities, which required human resources (people)…

Answered: Explain some of the main factors that…

Explain some of the main factors that HR department at Anglo coal need to consider when designing an effective payroll system which will suit their shared services.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Explain some of the main factors that HR department at Anglo coal need to consider when designing an effective payroll system which will suit their shared services.

South African Coal industry is the second biggest mining sector after gold, with sales contributing 16%
of export revenue to South Africa mineral sales 4% to the GDP, South Africa is the world's largest coal
exporter, after Australia, as well as the second-lowest lowest cost producer. As a gold industry, the
second sector has undergone similar mergers, acquisitions and name changes over the past few years.
The financial service shared service centre got established in 2004, the plan was to incorporate New
Vaal and New Denmark into the shared services by the end of 2005. Their basic financial accounting
and payroll functions were consolidated into the shared services. Anglo Coal is a perfect candidates
for the implementation of the shared services centre. This new innovation will pave the way for other
mining industries to share similar characteristics of having several business units with decentralised
functions located around a potential epicentre (Ramjattan, 2006 cited in Adler and Peer, 2019).

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