COMMON MISTAKES THAT LEAD TO STAFF UNDERPAYMENTS – MAKE SURE YOU ARE COMPLYING WITH THE LAW!
/Underpaying staff can lead to significant penalties and unwanted shaming of your business. It is ultra-important that you comply with employment Law.
Below, we list some common mistakes amongst Small to Medium Enterprises:
Calculating Long Service Leave on weeks, not days
Failing to pay overtime penalty rates to part time employees
Only paying base rate on annual leave
Not including bonuses, commissions and leave loading when calculating Superannuation payments
By reviewing your payroll system regularly to ensure compliance with current Laws and always hiring qualified personnel to undertake your payroll duties, your risk of staff underpayments is reduced.
If you would like to discuss this further, please contact our office.