PAYROLL AUDITING
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Underpayment of staff is a hot topic right now, which is not surprising given how many large employers have made the headlines due to underpayment of wages.
Given the complex industrial relations system in Australia, payroll is a challenging compliance area for business. Even for businesses using a payroll processing system, there are still many opportunities for mistakes and errors to occur.
It is essential that companies conduct internal audits to ensure they are compliant
with employment laws and their specific industrial instrument. Even small errors
in award interpretation, when extrapolated over a large workforce or time
can add up to significant exposures, leading to large unbudgeted back
payments, financial penalties, and reputation damage.
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To the right is a diagram showing some of the most recent and
significant payroll scandals to hit our news:
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Our team at Effective HR conduct payroll audits for companies
with three employees all the way to thousands of employees.
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If you are unsure if your payroll is compliant, please contact
us to arrange one of our four step audits. We make it easy,
we do the work, and provide you with a comprehensive
assessment of your payroll process as well as peace
of mind.
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CONFIRM AWARD COVERAGE
1
We work with you to confirm what award or multiple awards cover your organisation.
This outlines not only the minimum financial obligations you have, but the terms and conditions that apply to your employees as well.
CLASSIFY ROLES
2
After we know the awards, we will work through each role your organisation has to correctly classify them under the appropriate award.
This is a great exercise which gives you complete transparency over every role in your organisation.
CONDUCT AUDIT
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3
Using your data, we audit your employees situations to ensure your payroll is financially complaint. This will outline any discrepancies that have occurred, and we can help you with any roster changes that will eliminate concerns in the future.
ADVISE CLIENT
OF OUTCOME
4
We will meet with you to go through all of the data so you can understand the outcome, but more importantly, we can work with you to make any necessary changes to make your processes compliant.