Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Talent2 Statement re Novopay Announcement

Talent2 Statement re Novopay Announcement

Talent2 and the Ministry of Education have agreed that the management and operation of the Novopay payroll service will transition from Talent2 to a new Government owned company on 17 October 2014. The decision has been reached by mutual agreement in support of a new service delivery model and settles a flawed contractual arrangement between the parties, which was found in the June 2013 Ministerial Inquiry as not fit for purpose.
Media Statement

Wednesday July 30, 2014

NOVOPAY ANNOUNCEMENT

Talent2 and the Ministry of Education have agreed that the management and operation of the Novopay payroll service will transition from Talent2 to a new Government owned company on 17 October 2014.

The decision has been reached by mutual agreement in support of a new service delivery model and settles a flawed contractual arrangement between the parties, which was found in the June 2013 Ministerial Inquiry as not fit for purpose.

Talent2’s Alesco software will continue to be used by the Government owned company to process the Ministry’s payroll under a six-year license arrangement.

A total settlement package of NZ$18-22M has been negotiated with the Ministry. The negotiated package includes a cash payment by Talent2 of NZ$7M, a transfer of assets including Novopay customisations and other IP previously funded through the existing contract and a discounted software license.

The Ministry has agreed a support and maintenance contract with Talent2 for the Alesco Software under which the Ministry is expected to pay Talent2 fees totaling NZ$9.6M over a six-year period. Talent2 also has a contract that covers transition and the completion of certain objectives prior to the transfer.

This change allows Talent2 to better focus resources and investment on its core payroll business and broader New Zealand client base.

Under the new arrangement the Government will assume full responsibility for the provision of the education payroll service. Integral to the agreement, the Ministry intends to retain the valued skills and expertise of Talent2’s Novopay employees in the new Government owned company.

Today’s announcement marks the beginning of a transition period which will see the orderly transfer of payroll operations from Talent2 to the new entity by 17 October 2014. Through this period Talent2 will retain operational responsibility for the Novopay payroll service. Talent2 is committed to ensuring that current service levels are maintained and that the transition is a smooth process for its staff, the sector and the Ministry.

Talent2 will be working closely with the Ministry over this period. Talent2 acknowledges the hard work and commitment of the Novopay team.

-Ends-

About Talent2

Talent2 is the leading Human Resources Business Process Outsourcing (BPO) organization in the Asia Pacific region, working with clients across diverse business types and industries to deliver end-to-end talent management solutions that put people first. These include HR Advisory, Payroll, Recruitment and Learning solutions to enable organisations to improve the power and productivity of their people.

Notes to Media

Talent2 will not be making any further comment to media regarding today’s announcement. All media enquiry will be referred to this statement.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news