The Australian Payroll Conference took place at the International Convention Centre in Sydney and was informative for all attendees. Payroll is an area that is very important to all businesses and individuals that are in the workforce as it is imperative that employees are paid correctly.
Mike Munro was the MC for the event. I have grown up watching him on Australian television, with my favourite of his appearances being in ‘This is your Life’.
Andrew Griffiths, a well known author, speaker and mentor, opened the conference with “It’s time to become a mighty communicator” and stressed the importance of communicating. Relaying great stories he explained how we are losing the art of communicating. Andrew touched on the differences between the way men and women communicate. He also believed that we need to make the meaningful moments in life count, which signifies living in the moment and devoting your attention to the now. He had us laughing about life and paying each other compliments.
The ‘Changing Landscape of Payroll in Australia’ component was presented by Simon Gallagher- CFO Drake Australia, MD Drake Allegiance. Simon explained to us that there is an increase in self employment and casual workers. They are saying that permanent employment will reduce by 50% moving forward. Work/Life balance is becoming a driver as more people rely on attaining a certain lifestyle. It was interesting to hear that young people will have 17 different jobs in their career. From a technological arena we are seeing the evolution of eye detection technology which is now being used to track employees. A point that Simon made that I regularly reflect upon, is to be more proactive than reactive, embracing technology and automation. By doing this you will gain new skills and become more valuable.
Next year on the 1st July 2018 the Australian Taxation Office is introducing the One Touch Payroll for employers that have over 20 employees and then the following year businesses with smaller numbers of employees will be required to come on board.
In preparation for the Single Touch Payroll businesses are urged to check all employee records ensuring details are correct, especially Name and Date of Birth.
A favourite presenter of mine is always Maria Nikoletatos – Chief Knowledge Officer at Australian Payroll Association. She covered the technical aspects of Long Service Leave and ETP payments and Superannuation. Always entertaining and full of knowledge.
Meanwhile, I had the pleasure of catching up with Leanne Lewis at the Australian Bookkeepers Association stand supporting and uniting bookkeepers and Bas Agents around Australia
Tracy Angwin – CEO at Australian Payroll Association ended the day with the 4 types of analytics one can get from payroll. They are the Descriptive, Diagnostic, Predictive and Prescriptive. I loved her passion for the future of having payroll personnel trained in payroll Administration or payroll Management. Having more individuals qualified in payroll can only improve knowledge in an area that is the backbone of all businesses.