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

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news