Rippling & Pay Australia partner to solve payroll talent gap
Rippling, a workforce management platform, and Pay Australia, a payroll advisory provider, have announced a strategic partnership to address the payroll talent shortage in Australia. According to Rippling's research, 59% of Australian companies have made payroll errors in the past 24 months, highlighting the significant challenge businesses face in managing payroll accurately amid a shortage of skilled professionals.
"Ensuring your employees are paid correctly and on time is an essential function of a business - but we're seeing the same issues around payroll management emerge again and again," said Matt Loop, Vice President and Head of Asia at Rippling. "By integrating our advanced technology with Pay Australia's extensive payroll knowledge, we can offer a seamless, efficient, and compliant payroll solution tailored to the unique needs of Australian businesses."
The partnership seeks to provide a comprehensive solution to payroll challenges. It leverages Pay Australia's expertise in local compliance and payroll management alongside Rippling's technology platform. This combination aims to help businesses streamline payroll processes, maintain accuracy, and ensure compliance despite the talent shortage.
Chris White, Managing Director and CEO at Pay Australia, emphasised the commitment to delivering better outcomes through the partnership. "We are pleased to partner with Rippling to offer a comprehensive payroll solution to our clients that delivers better outcomes for your business. We're committed to helping them achieve payroll excellence, compliance, and employee satisfaction, so they can focus on what they do best - growing their business," White stated.
The collaboration aims to offer several key benefits. Firstly, it brings together Pay Australia's managed payroll services, which include extensive knowledge and experience in award interpretation and payroll processing. When combined with Rippling's platform, businesses can streamline their payroll operations, reducing implementation time and accelerating the time to value for their investment.
Compliance and governance are critical aspects of the partnership. Pay Australia's commitment to compliance ensures that payroll processes are always up-to-date with the latest regulations. Rippling's platform, centred on the employee record as the single source of truth, guarantees accurate, secure, and compliant payroll, minimising risks and exposure.
The partnership also aims to improve the employee experience. Employees will benefit from a seamless payroll experience, ensuring they are paid correctly and on time, which enhances their satisfaction and engagement. This, in turn, can improve business reputation and employee retention.
Additionally, the increased productivity from outsourcing payroll processing allows businesses to focus on their core activities, such as talent sourcing, coaching, and staff development. Payroll complexities will be managed by Pay Australia and Rippling, freeing up valuable resources within businesses.
The joint effort by Rippling and Pay Australia to address the payroll talent shortage in Australia highlights the importance of accurate payroll management. Through their combined expertise and technology, they aim to provide businesses with an efficient and reliable outsourcing option that meets the increasingly complex regulatory requirements.