GLOBAL PAYROLL MAGAZINE
27
Payroll Compliance: a 12-step checklist As the festive season approaches, processing employee pay is front of mind - but ensuring the accuracy of those payments is just as crucial. Here are twelve key tips for Australian employers, with insights that global businesses can also consider - helping you gift your payroll process the ultimate compliance plan this Christmas.
By Kirsty Martin
Now is the perfect time for Australian businesses to reflect on the year gone by, celebrate their successes, and plan for an even better year ahead. Payroll compliance is an essential part of this reflection—because while it may not be top of mind every day, employees deserve to be paid accurately and on time, especially during the holidays when they’re looking forward to enjoying their hard-earned income with loved ones. With that in mind, here are twelve key actions to ensure your payroll compliance stays on the “nice” list into the new year. While
particularly relevant for Australian employers, these checklist to-dos can be reflected upon by global employers too. 1. Review employee classification Consider a retail business employing both casual and full-time staff. Upon reviewing employee classifications, you discover that a team member regularly working weekend shifts has been classified as casual, even though their work pattern meets the criteria for part-time status. To prevent scenarios like this from
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