Payroll - What Do Changes in the IR Environment Mean for Business Payroll Process and Costs?

Payroll issues already legislated or in statutory play include:

1.????General industry pay increase flowing through the award and EBA systems.

2.????Completion of the requirements for STP2 in your payroll set up.

3.????Adherence to the legislated Better Off Overall (BOOT).

4.????Annuslised Salaried employees needing to keep Timekeeping records.

a.????And pay increased, or topped up to satisfy the BOOT analysis.

b.????Some award Outer Boundaries of OT and Penalty hours worked.

• ????????Needs additional interpretation and payment when breached.

5.????The end of Enterprise Agreements (End of Life Agreements) when contract period ends.

a.????If the employer is not bargaining in good faith, the Fair Work Commission to intervene.

b.????The BOOT will ensure entitlements not below awards award conditions (BOOT)

6.????Increased drive by unions for business coverage of employees and membership drive.

7.????The deeper involvement by unions in industry pay negotiations.

a.????More business time, cost and potential disruption with union actions.

8.????The legislated cross-industry bargaining by unions with Fairwork involvement.

9.????Employee desire to increase pays due to CPI and the increase in the cost of living.

All of these on top of the shortfall in candidates to fill positions and the general mood of employees for a better work life balance look to INCREASE BUSINESS WAGE COSTS.

As Payroll hourly costs increase the best pathway forward must be to improve productivity.

Productivity Improvements May Need to Include:

1.????Better rostering of staff to the demands of the business.

• ·??????Reduce labour costs.

2.????Improved time and attendance of employee tracking

• ·??????Improved monitoring of work time attendance.

3.????Automated Payroll Interpretation from approved Timesheets.

• ·??????Substantially reducing time and costs of payroll processing.
• ·??????Reduced payroll errors and omissions payroll adjustments.

4.????Reduced non-compliance and resources to interpret payroll.

5.????Implementation of an efficient flow between Roster, Timekeeping and Timesheets.

6.????Improved employee communication flow to and from the employee’s device.

That’s Inzenius.

As we move into 20023 and after the Victorian election results, we will probably be seeing a more aggressive drive to payroll increases compliance policing and follow up.?

Labor’s landmark industrial relations changes became law after Workplace Relations Minister Tony Burke struck a deal with independent senator David Pocock that will lead to an annual independent review of JobSeeker, as well as stronger protections for small and medium-sized businesses. Nour Haydar – Herald Sun

Now Passed Both Houses of Parliament.

The Greens have also struck a deal with Burke to safeguard the better-off-overall test, known as the BOOT, and an enforceable right for parents to request unpaid parental leave. Burke announced the deal on ABC’s?Insiders?on Sunday morning after meeting Pocock – whose vote is crucial to the bill’s passage – late into Saturday evening. (Pollack has agreed to support the bill)

Prime Minister Anthony Albanese said the workplace deal was a “huge day for working people”. Nour Haydar – Herald Sun

Inzenius can help claw back with its employee Rostering, Timekeeping, Timesheet, Award Interpretation and Payroll productivity improvements.

Learn More about Inzenius - www.inzenius.com