Woolies counting cost of pay scandal
Australia’s biggest underpayment scandal will likely cost Woolworth’s executive team their full-year bonuses, The AFR reports. The explosive revelation that Woolies underpaid 5,700 staff by up to $300 million took the gloss off the company’s bumper quarterly results this week, as supermarket sales grew at a record 6.6%. Meanwhile, experts say that the retail award’s complexity makes is making it exceedingly difficult for workers to detect underpayments. Compounding the issue, up to 90% of corporate payroll administrators are “not properly qualified,” The SMH says.