A growing trend is for small business to outsource their human resources function, including payroll -- down to domestic staff. Thus Paxsal Business Process Outsourcing (BPO), a member of the Kelly Group, has introduced a micro-payroll product tailored to small businesses with up to 50 employees.
There has long been an argument relating to integration, between best- of-breed products and pre-integrated systems, for which one size fits all. The lines are blurring and today you do not have to opt for best of breed or pre-integration -- but the argument hasn't died.
The 50-year-old Pension Funds Act is today a hodge-podge of amendments, guidance notes and interpretations, long in need of consolidation. Reform has been under way several years already and is unlikely to be resolved before 2010. The national treasury in 2006 released a discussion paper on retirement fund reform with wide-ranging proposals on all aspects of retirement savings.
Following a landmark decision by the Supreme Court, short-term insurers will be permitted to design and sell medical cover. Since 1998 this market has been all but barred from selling medical cover because of an interpretation of the definition of "business of a medical scheme" by the Council of Medical Schemes.