Paying your employees correctly isn’t just a matter of having the right intentions – most businesses do! Large, respected businesses, who have invested significant amounts into paying their employees correctly, are continuing to inadvertently underpay their staff. So why is that?
There are several different reasons as to why a business can underpay staff. A common error is placing too much trust in Time and Attendance (T&A) or Payroll systems that may not be adequately equipped to deal with the complexities of their employment awards and agreements.
A lack of education or professional guidance on aspects of payroll and employment compliance are other factors that can cause underpayment of employees. Through our audits, we’ve seen countless examples of employers being unaware of stipulations in their Award or Agreement, or not properly understanding how to apply the said Award or Agreement in certain situations.
Our experienced team of auditors is led by ex-Fair Work Ombudsman Inspector and now General Manager, David Price, with our audit team having collective experience in fields including Human Resources, Business Analytics and Accounting.
We offer 3 types of audits
Our audit service is conducted to determine payroll compliance and involves detailed consultation with you to determine the key areas of concern. We provide you with a confidential report that details the areas of potential risk so you can address these issues and avoid penalties.
With hundreds of audits conducted in each year, ER Strategies has extensive experience in this field and can provide a tailored wages audit program to suit your business – whether it is conducting desktop payroll audits to determine underpayment issues in a single store, or full in-store audits including interviews with employees across an entire network.
Areas which will be audited as part of this service will include:
-Payslips and wages records
-Rostering
-Pay calculations
-Award and EA compliance
-Visa restrictions
Our audits can also provide reporting on compliance with independent body FRANdata Workplace Transparency Standards.
Many of the large scale underpayments that you would’ve seen reported on in the media were caused by issues with salaried employees. These issues arise when businesses assume that a salary can cover overtime or other loadings, when they actually can not.
ER Strategies can assist you in your annualised salary reconciliation or provide a review on how whether your salaries are enough to cover your employees in the coming year.
Interested in a Salary Reconciliation?
We understand more than most that paying employees correctly isn’t as simple as it sounds and it can be quite damaging to employers if they find out they’ve underpaid employees.
If you’ve underpaid an employee or employees, getting their wages reconciled is the first step to correcting your mistakes. Our remediation services can identify which employees have been underpaid and by how much. We’ll take the hassle out of going through each timesheet and use tried and tested calculators to provide you with a reliable reconciliation figure.
Interested in Remediation Payment Calculations?
Be able to take proactive steps, rather than ending up with your back against the wall. Take our exclusive risk assessment. It will take you no longer than 5 minutes to complete and will flag up potential risk areas. Because you don’t know what you don’t know.