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Payroll

Wallet

The occurrence of ghost employees on a company’s payroll system ranks as the most difficult type of payroll fraud to detect, particularly in larger companies where no proper controls exist. 

The NMW sets the minimum which a worker must be paid. According to the law, all workers must earn a minimum rate of R20 per hour. The Act applies to all sectors.

In business, a poorly-run and inefficient payroll division is a serious risk to a company
but a highly trained payroll administrator means a legally compliant business as well as
happy
and motivated staff.

The South African payroll administration industry has matured. With the offer of more technology, access to skills sets and improved levels of control, decision makers in business have several options available to them in terms of how they want to manage mission critical business disciplines including payroll.

As people become desperate to make ends meet more workers are turning to
employee fraud as a means of supplementing their income. A recent survey revealed
that fraud committed by employees in the UK alone went up by over 40% last year.

VIP People has developed forward thinking, world class software to ensure that
companies are legislatively compliant, while keeping focus on business efficiency and
value.

Third party payroll reconciliations are set to become more complicated as legislation
will be passed to provide a provident fund for domestic and farm workers. The labour
department is also considering a medical aid scheme for the private security sector.

The South African Reward Association strives to ensure that its members acquire and develop the skills, confidence and passion required for reward management. It recently held it's annual conference in October. Concluding the conference by hosting a Reward Awards Banquet recognising reward industry achievers.

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