From March 1, 2020, rules introduced into 22 modern awards for annualised salary arrangements by the Fair Work Commission (FWC) require employers to effectively prove the salaries they pay don’t disadvantage their employees.
Employers paying annualised salaries are required to review employment contracts and update HR and payroll practices to record employee work times and audit annualised salaries vs. full award wages.
We’ve taken a closer look at these arrangements and have developed a range of resources to help your organisation stay compliant.
In this whitepaper, we summarise your current salary annualisation responsibilities, define which awards are affected, identify the core features, and delve into how it impacts the dynamics of employment contracts and enterprise agreements.
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