penalty and allowances blog

What employers need to know about penalty and allowances

Once you’ve identified the correct base rate to pay your employees, you’ll also need to ensure that any penalty rates are applied, and relevant allowances are paid. These are often areas where businesses make mistakes that lead to them underpaying their employees, so it is crucial for businesses to understand what they need to pay their employees and when they need to pay them each rate.

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Everything you need to know about the Annual Wage Review

What is the Annual Wage Review?

The Annual Wage Review is a process carried out by the Fair Work Commission in which a review is provided on the national minimum wage as well as the pay rates under modern awards. After the review is completed, adjustments are then made to reflect the findings of the Review.

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Which award should you use

How to tell which award applies to your business?

One of the most common errors we’ve identified that leads to underpayments are businesses incorrectly classifying employees, whether that be choosing the wrong award, or employee classification within it. Ensuring that your employees are being paid under the correct award is the first step to being payroll compliant. Failing to be compliant at these first steps means all other payroll compliance measures in place within your business will be redundant.

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