Managing payroll for a large workforce is complicated, time-consuming, and risky if you get it wrong. Managed payroll takes the burden off your shoulders — and it might save you more money than you think.
What Is Managed Payroll?
Managed payroll (sometimes called payroll outsourcing or employer of record) is when a specialist provider handles the employment and payment of your workforce on your behalf. The workers are on your sites, doing your work, but the payroll provider manages:
- Wages and salary processing
- PAYG tax withholding
- Superannuation contributions
- Workers compensation insurance
- Payroll tax
- Leave entitlements and accruals
- Award interpretation and compliance
Who Uses Managed Payroll?
- Construction companies that have their own workers but want to reduce admin
- Businesses scaling quickly that do not have the payroll infrastructure in place
- Companies managing interstate workers across different state award conditions
- Organisations wanting to reduce employment risk and compliance exposure
How Does It Save Money?
1. Reduced Admin Overhead
No need for a dedicated payroll team. No software licences. No end-of-year stress.
2. Workers Compensation Savings
Managed payroll providers often have access to group workers comp policies with lower premiums than individual companies can negotiate.
3. Compliance Risk Reduction
Award underpayment claims, ATO audits, and payroll tax assessments can cost hundreds of thousands. A managed payroll provider takes on this risk.
4. Cash Flow Flexibility
Some providers offer credit terms, allowing you to manage cash flow more effectively during project peaks.
JWHB Managed Payroll Solutions
HBG offers managed payroll through our JWHB Managed Payroll Solutions division. We handle everything from onboarding to final pay, with full transparency and real-time reporting.
Interested in managed payroll? Get a no-obligation quote at harrisonbarratt.com.au/contact or call 02 9168 6870.