Our Annual Report for the 2023–24 financial year is now available.
This sets out our strategic and operational performance and our financial statements for 2023–24 and should be read in conjunction with our Statement of Intent 2021–2025.
Education Payroll’s purpose is to deliver an accurate, timely and secure payroll service to schools and kura. Every fortnight we pay 100,000 teachers, principals and support staff who are working in 107,000 jobs, $283 million each pay period on average.
This financial year we continued the work which began in 2022–23 to implement primary, secondary and area education sector collective and individual agreements, as well as variations to existing agreements. This required significant changes to the schools’ payroll to apply new pay rates, deliver lump sum payments and other changes for around 50,000 school employees.
Our current payroll system is aging but is still reliable and stable. We have demonstrated this reliability through successfully implementing legislative and employment agreement changes. We are working through a series of decisions to fund ‘no regrets’ investment in payroll upgrades, within available funding. Our goal is to sequence these decisions to limit redundant effort and ensure the spend and investment we do make doesn’t impact our options for the future of our core platform.
We’d like to thank our staff for the huge effort involved in delivering an exceptionally large number of changes to employment agreements throughout this year, while at the same time continuing to deliver the fortnightly payroll to schools and kura.
Finally, we would like to call out the great work school administrators do. They are the unsung heroes of payroll; the people who ensure we get the information we need to run the payroll. We couldn’t operate without them.