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 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 agreement. 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.
To the right is a diagram showing some of the most recent and
significant payroll scandals to hit our news:
Our team at Effective HR conduct payroll audits for companies
with three employees all the way to thousands of employees.
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