If possible, state the department and job title of the person(s) carrying out these actions. Scenario outline Company structure This is an organisation with 2,000 weekly paid staff and 175 monthly paid office- based staff. The payroll is currently processed in-house. This is a complex payroll due to the weekly paid staff having several variances. There have been a number of recent incidents which have resulted in a high volume of errors. Consequently, the company is now considering outsourcing its payroll to a payroll service provider that offers a fully managed service. The 2,000 weekly staff are paid on a Friday with the 175 monthly paid staff paid on the last working day of the month. The payroll department has a manager who splits their time between working on the two payrolls with their remaining time spent on general management tasks. There are five payroll officers working full time on the weekly payroll and one payroll officer responsible for the monthly payroll. There is a payroll administrator who spends 50 percent of their time on the weekly payroll with the remaining 50 per cent spent on administrative tasks (see org chart below). Weekly Payroll Officers (5) Payroll Manager 40% monthly payroll 20% weekly payroll Payroll Administered 50% on weekly payroll Monthly Payroll Officer (1)
If possible, state the department and job title of the person(s) carrying out these actions. Scenario outline Company structure This is an organisation with 2,000 weekly paid staff and 175 monthly paid office- based staff. The payroll is currently processed in-house. This is a complex payroll due to the weekly paid staff having several variances. There have been a number of recent incidents which have resulted in a high volume of errors. Consequently, the company is now considering outsourcing its payroll to a payroll service provider that offers a fully managed service. The 2,000 weekly staff are paid on a Friday with the 175 monthly paid staff paid on the last working day of the month. The payroll department has a manager who splits their time between working on the two payrolls with their remaining time spent on general management tasks. There are five payroll officers working full time on the weekly payroll and one payroll officer responsible for the monthly payroll. There is a payroll administrator who spends 50 percent of their time on the weekly payroll with the remaining 50 per cent spent on administrative tasks (see org chart below). Weekly Payroll Officers (5) Payroll Manager 40% monthly payroll 20% weekly payroll Payroll Administered 50% on weekly payroll Monthly Payroll Officer (1)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Task 2- Service providers
1. Based on the company scenario provided above, research the suitability of at
least four payroll software products, from different providers, for processing
your payroll in-house. Next research the suitability of at least four payroll
service providers if you were to consider outsourcing your payroll. You are
required to provide a short summary of the providers you have suggested.
2. Research and explain the different payroll lifecycle and software packages
selected for two different organisations, one processing payroll for 20,000
employees and another processing payroll for 200 employees, both having a
monthly pay frequency.
(i) Explain your decision and an estimation of the costs relating to
monetary value and time?
● Include in your response to this task how you would manage the
provider/customer and other stakeholder relationships necessary to
influence successful payroll outcomes including delivery, customer care
and enquiry handling. Identify the risks and opportunities presented by a
payroll provide/customer model
Transcribed Image Text:If possible, state the department and job title of the person(s) carrying out these actions.
Scenario outline
Company structure
This is an organisation with 2,000 weekly paid staff and 175 monthly paid office-
based staff. The payroll is currently processed in-house. This is a complex
payroll due to the weekly paid staff having several variances. There have been
a number of recent incidents which have resulted in a high volume of errors.
Consequently, the company is now considering outsourcing its payroll to a
payroll service provider that offers a fully managed service.
The 2,000 weekly staff are paid on a Friday with the 175 monthly paid staff paid
on the last working day of the month.
The payroll department has a manager who splits their time between working on
the two payrolls with their remaining time spent on general management tasks.
There are five payroll officers working full time on the weekly payroll and one
payroll officer responsible for the monthly payroll. There is a payroll
administrator who spends 50 percent of their time on the weekly payroll with the
remaining 50 per cent spent on administrative tasks (see org chart below).
Weekly Payroll
Officers (5)
Payroll Manager
40% monthly
payroll
20% weekly
payroll
Payroll
Administered
50% on weekly
payroll
Monthly Payroll
Officer (1)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 1 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education