Wage remediation & the importance of compliance to national employment standards.
As an employer, it is imperative to comply with industry awards, superannuation, workers compensation requirements, enterprise agreements and national employment standards or you may have to go through the process of wage remediation.
This year in 2021, it was found by the Queensland Parliamentary Committee inquiry that 1 in 5 Queensland workers are affected by wage theft every year which has resulted in upwards of $1 billion every year in unpaid or underpaid wages.
As an employer, it is advantageous to contact an employment lawyer to avoid wage remediation and avoiding financial loss and negative brand associations through the act of non-compliance and underpayment of wages. Penalties for contributing to this growing number of wage remediation cases can result in large penalties and fines including, in some cases, up to 10 years imprisonment.
At IRIQ, we use IRPay which is a proprietary system to aid in auditing up to 6 years of payroll data including awards, enterprise agreements and national employment standards.
If you are an employer, you can trust IRIQ Law to ensure your payroll data is up to the current legislative standard to avoid any threat of wage remediation.
Visit our website for more information or contact us today to learn more about how IRIQ can help your business fix any pay issues and avoid them in the future:
Phone: (07) 3077 6767
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