Are You Paying Your Staff Correctly? Now Is the Time to Check
With significant changes to the Fair Work Act over the past few years and the Annual Wage Review approaching now is the perfect time for employers to ensure their payroll practices are compliant and up to date.
Recent amendments to workplace laws have introduced major reforms, including changes relating to:
- Multi-employer bargaining
- The “Secure Jobs, Better Pay” reforms
- Criminalisation of intentional wage underpayment
- Changes to fixed-term contracts
- New rights around flexible work and workplace protections
- Updated definitions affecting casual employment and conversion
Combined with increased regulatory scrutiny and stronger enforcement powers for the Fair Work Ombudsman, the risk of getting payroll wrong has never been higher.
On top of this, the upcoming Annual Wage Review will likely result in adjustments to minimum wages and modern award rates. Employers must ensure that any increases are applied correctly, allowances are updated, and employment contracts remain compliant.
Even small errors such as misclassifying an employee under an award, overlooking penalty rates, or failing to adjust allowances can quickly become costly.
How Capture Culture People and Risk Solutions Can Help
At Capture Culture People & Risk Solutions, we work with employers to reduce risk and strengthen workplace compliance. We can assist your organisation by:
Conducting Payroll Compliance Reviews: Reviewing classifications, pay rates, allowances, loadings and overtime arrangements to identify potential underpayment risks.
Award Interpretation and Advice: Providing clear guidance on modern award coverage, employee classifications and entitlements.
Policy and Contract Review: Ensuring employment contracts and workplace policies align with current legislative requirements.
Preparing for the Annual Wage Review: Helping you plan for wage increases and implement updates accurately and efficiently.
Risk Mitigation and Remediation Support: If issues are identified, we guide you through corrective action with practical, commercially sound advice.
Workplace law continues to evolve, and regulators are taking a firmer stance on non-compliance. Proactively reviewing your payroll practices now can prevent significant financial and reputational risk later.
With the Annual Wage Review just around the corner, it’s a timely opportunity to make sure your house is in order. If you would like support reviewing your payroll compliance, Capture Culture People and Risk Solutions is here to help. Call us today on 0417 615 091 or email us at capture@ccpeopleandrisk.com