TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2024-12-21 Page is: DBtxt003.php txt00019264
Webinar Chat ACAUS webinar ACAUS webinar on the administration of a global payroll
Burgess COMMENTARY Peter Burgess
Inside a company, the cost of the payroll and the productivity of employees are the drivers. In society at large one of the biggest issues is low paid workers in a world where productivity and profit for owners are at record levels. How should payroll analytics address this problem? Payroll is an important cost. One of the ways to reduce payroll costs a lot is to oursource to sub-contractors ... so how to incorporate payroll cost into the elements of the cost of product???????????? I was impressed with the clarity of the presentation, and the case made for using modern best practice to optimize the functioning of corporate payrolls and the associated analysis and reporting. All of this is good. But there is something more. One of the ways big companies avoid the messy details of payroll in many locations is to outsource to compliant suppliers who have rotten practices ... and this is totally unaccounted for in prevailing accounting and reporting requirements. This has to change!

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