GLOBAL PAYROLL MAGAZINE
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comprehensive framework, giving employers confidence that their payroll operations are both accurate and compliant. Although this focus is essential in Australia, businesses worldwide can benefit from this approach in their compliance strategies.
consider beyond payroll software to ensure compliance?
The role of payroll compliance tools Payroll compliance tools are specifically designed to complement payroll systems by addressing their limitations. These tools offer independent, verifiable, and automated reviews of employee entitlements, ensuring compliance with wages, superannuation, and long-service leave obligations. Key features include: Advanced independent verification of payroll data. Automated compliance checks aligned with current regulations. Detailed transparency in payroll calculations, allowing businesses to investigate and resolve issues before they escalate. Flexibility to adapt to evolving employment laws and agreements. By bridging the gap between the capabilities of payroll systems and the demands of regulatory compliance, payroll compliance tools provide businesses with the oversight and control needed to meet their obligations. While payroll systems are essential for managing specific aspects of employee administration, they are indeed insufficient on their own to ensure full payroll compliance in Australia’s complex industrial relations landscape. Implementing payroll compliance software alongside payroll systems offers payroll teams a more robust,
Author: Marcus Zeltzer
Marcus Zeltzer is co-founder and Managing Director at Yellow Canary , an Australian automation solution that helps employers manage their payroll and workforce obligations. He is one of Australia’s pre-eminent experts on the future of automation’s role in workforce compliance. Pursuing his passion for solving real-world business problems with technology, Marcus co-founded Yellow Canary to address under-serviced and widespread workforce compliance issues in Australian businesses. Marcus is a member of the Investment Review Council for Blackwattle Investment Partners. He also serves on a working group for the Department of Employment and Workplace Relations, advising on its regulatory technology roadmap for modern awards. Prior to Yellow Canary, Marcus co-founded anemployment relations law firm built on automation technology.
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