04:05 Issue 5

GLOBAL PAYROLL MAGAZINE

47

ns of a pliance

In Australia, payroll compliance presents

As Halloween approaches, it is the perfect time to shed light on the often-overlooked realities of Australian workforce compliance. With the complexity of over 120 Modern Awards and other industrial instruments, navigating this intricate landscape can feel like wandering through a haunted maze. Having reviewed over 100 payroll projects for some of Australia’s largest employers, we have uncovered some spooky signs—warning flags that point to compliance risks lurking beneath the surface. Let’s take a closer look at these challenges and explore how employers can steer clear of potential doom and gloom. significant challenges for employers. While these may differ from those faced by businesses worldwide, one thing remains clear: adopting a proactive approach and addressing risks early can prevent them from escalating in the future. So, what are the “spooky signals” you should be on the lookout for in your own business?

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