Description
Salaries, flat rates, loaded rates and other similar arrangements are common practice, but many employers do not understand their obligations around how to pay employees lawfully under these arrangements. This Short Course dives in to the different Award requirements, how to correctly identify and calculate minimum rates and salaries, the many other factors to be considered, how to document the arrangements properly, and how to mitigate the risk of wage theft.
Complimentary: Annualised Salary & Max. Hours Calculator (valued at $495).
Learning Outcomes – Learners should be able to:
- Identify how under and over payments occur and assess existing risks in relation to salary and flat rate employees;
- Identify which Award clauses and entitlements are applicable to their employee group in order to pay employees correctly and minimise the risks associated with wage theft;
- Correctly calculate the minimum salary/rate applicable for the days and hours employees are working, to make a better off overall assessment;
- Correctly document the arrangement to ensure the business’ interests are protected;
- Create a plan to prevent future underpayments occurring;
- Describe the new national wage theft laws, and how to prepare for these.
Note: As this Short Course provides the foundational concepts that will ensure employer’s meet their compliance obligations in relation to entitlements, we recommend that all Learners who do not hold qualifications in HR or Payroll attend this Short Course if salaries, flat rates, loaded rates etc are applicable to your employees.
