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ISSUE 5
You Won’t Solve Compliance Issues With a New Time & Attendance or Payro System Alone
By Duncan Stone
Ensuring that employees are paid accurately and on time are the two fundamental roles of any time and attendance or payroll system. As many legacy systems reach the end of their lifecycle, and with the introduction of new workplace laws, we’re seeing an increasing number of Australian organisations looking to implement new workforce management systems.
Misconception One: Upgrading or Switching to a New System Will Eliminate all Wage Compliance Risks One of the biggest misunderstandings is assuming that a new system alone will solve wage compliance issues. The reality is that non-compliance often stems not just from the system itself, but from how it has been set up and how it is being used.
However, there are two common misconceptions about doing this when it comes to governance and compliance. The first is that simply upgrading or switching to a new system will eliminate all wage compliance risks. The second misconception is that compliance controls can wait until after implementation, with the belief that doing it earlier is a wasted effort.
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