Australia’s Annualised Wage Agreement introduces new complexities for businesses, requiring compliance with the Fair Work Commission’s latest wage review. With a 3.75% increase in minimum wages effective June 2024, companies must align payroll processes to avoid compliance risks, financial penalties and employee dissatisfaction.
Manual award calculations can lead to costly errors, disrupting budgets and operations. The WorkForce Suite simplifies compliance by automating wage calculations, providing real-time alerts for variances and helping ensure fair remuneration. Its cloud-based platform compares annualised salaries to award wages instantly, flagging discrepancies as shifts occur. A dynamic dashboard offers visibility into timesheets, overtime and payroll calculations, whilst proactive notifications help managers address payments before exceeding budget limits.
Watch how the WorkForce Suite uses intelligent automation to reduce administrative burden, enhance accuracy and help businesses stay ahead of regulatory changes. Trusted across industries, see why leading organisations trust our solution to streamline compliance, safeguard employee trust and maintain financial stability.
