Inadvertently giving staff incorrect pay or entitlements ranks as one the greatest business risks that SMEs face.
The scale of this risk is due largely to the complexity of the Industry Awards set down by the government regulator, the Fair Work Commission. Currently, the awards guidance from Fair Work runs to over 100 densely written pages, prepared by lawyers. It’s not uncommon for SMEs to do their utmost to make sense of this document, only to find they’re breaching industry awards when they’re audited. At this stage, it’s too late to fix the issues, and the business may pay fines or face court hearings.
However, it’s important to note that complying with industry awards is a preventable HR risk. This webinar on Tuesday 15 October with compliance expert, John Arraj, will provide you with practical ways to manage your HR policies, procedures and guidelines, so that you can sidestep these pay compliance risks.
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360HR provides specialised HR services for small and medium sized businesses. To minimise your risk and optimise your business for HR peace of mind, or if you have any questions, we’d love to help.
Send us an email or contact the 360HR team on 02 9819 6324.