From March 1, 2020, new rules introduced into 22 modern awards for annualised salary arrangements were brought into force by the Fair Work Commission (FWC).
Employers paying annualised salaries are now 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 changes and have developed a range of resources to help your organisation navigate the change. Bookmark this webpage or subscribe to our mailing list to get a soon to be released series of Your Action Plan resources packed with expert advice and opinion on staying compliant.
In this whitepaper, we summarise the changes to salary annualisation, define which awards are affected by the new rules, identify the core features and delve into how it impacts the dynamics of employment contracts and enterprise agreements.
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With new mandatory requirements for annualised salaries, the question now is if annualisation is worth the effort?
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