Outsourced Payroll for Award Interpretation
Access efficient payroll outsourcing, payroll processing, advice and support from a team of industry experts.
Outsourced Payroll for
Award Interpretation
Access efficient payroll outsourcing, payroll processing, advice and support from a team of industry experts.
Outsource your payroll to a trusted partner
Save time
Complete peace of mind
Improve accuracy
Save money
Outsource your payroll to a trusted partner
Our payroll partners process payroll forย businesses of all scales, from small to mediumย to large corporations. Employment Innovations offers end-to-end payroll solutions, which are delivered by Australian based payroll partners to reduce risk, save money and improve productivity.
Save time
Complete peace of mind
Improve accuracy
Save money
Managing Award Interpretation for payroll
Award interpretation is the process of determining the minimal legal pay rates and conditions for your employees, based on their award classification. Awards are outlined by Fair Work Australia, and are essential regulations all businesses must adhere to. Modern awards operate on an industry and occupation specific level, and ensure a safety net for employment conditions. Modern awards outline the application of pay conditions including pay rate, hours of work, breaks, penalty rates, rosters and overtime.
Modern Awards can be complicated to understand, with over a hundred different awards covering varying industries. As an example, those who work in retail are typically covered under the General Retail Industry Award. While those who provide content for newsletters or articles are typically covered under the Journalists Published Media Award. There are some cases where employees are paid above award rate, under an employment agreement or on a salary, however the award conditions are still taken into consideration under these arrangements.
Our expert Payroll Partner combined with payroll software are able to help your business with Award Interpretation, to ensure compliance within the Fair Work regulations.
General award details include:
Base wage
Penalties and overtime
Allowances
Managing Award Interpretation for payroll
Award interpretation is the process of determining the minimal legal pay rates and conditions for your employees, based on their award classification. Awards are outlined by Fair Work Australia, and are essential regulations all businesses must adhere to. Modern awards operate on an industry and occupation specific level, and ensure a safety net for employment conditions. Modern awards outline the application of pay conditions including pay rate, hours of work, breaks, penalty rates, rosters and overtime.
Modern Awards can be complicated to understand, with over a hundred different awards covering varying industries. As an example, those who work in retail are typically covered under the General Retail Industry Award. While those who provide content for newsletters or articles are typically covered under the Journalists Published Media Award. There are some cases where employees are paid above award rate, under an employment agreement or on a salary, however the award conditions are still taken into consideration under these arrangements.
Our expert Payroll Partner combined with payroll software are able to help your business with Award Interpretation, to ensure compliance within the Fair Work regulations.
General award details include:
Base wage
The legal minimum remuneration that employees receive for their work within ordinary hours.
Penalties and overtime
The higher rates of pay awarded to employees for working outside ordinary hours. This includes weekends, public holidays, or late nights.
Allowances
The legal minimum remuneration that employees receive for their work within ordinary hours.
How payroll works
Our payroll service starts with the preparation of your plan by calculating your payroll based on the relevant information and data.
Following preparation, your Payroll Business Partnerย will review all relevant data, ensuring accurate Award Interpretation and compliance. Itโs during this stage that our clientโs review all their payroll, and provide further adjustments or approval.
Next, your Payroll Partnerย will ensure your EFT files are generated, your General Ledger and post payroll reports are provided, and your STP is lodged.
Lastly, to keep the process transparent, accurate, and streamlined, your Payroll Partnerย will offer continued business support with payroll queries, system queries, superannuation updates, processing and monthly reporting, as well as all payroll tax, PAYG, and leave liability.
Why are Modern Awards important?
Correct award interpretation provides employers with clear, concise, and fair guidelines surrounding adequate provisions for their staff. Awards cover important issues such as what they must pay their employees, what amenities they need to provide for employees, break times, and much more.
All employees have the right to read over their relevant Award Agreement to determine if the business is meeting its responsibilities to staff. If a business or employer is not meeting these requirements, the employee will have grounds to take action against them.
Meeting the National Employment Standard with Modern Awards
The Modern industry award agreement provides full transparency and a clear description of the minimum employee entitlements and working conditions. This includes important factors such as minimum wage, the maximum amount of hours that can be worked in a day, overtime pay, allowances, and much more. They are designed to ensure no ambiguity so that both the employer and employee have clear expectations.
Through correct award interpretation, businesses and employers can protect both themselves as well as their employees. Correct Award Interpretation can protect a business from Fair Work investigations, compliance complaints or investigations, and many other risks surrounding the NES.
How to interpret Modern Awards
Almost all staff are covered by some variation of Modern Awards, so ensuring the correct interpretation of their award agreements is a crucial aspect of running a business. There are many different employment types, such as full-time, part- time and casual. To correctly interpret what Award applies to your business and staff, you will have to take into account all factors surrounding your employees, their hours worked, their type of employment, and the agreements you have signed with them.
Award interpretation can be manual or it can be automated using payroll software. Manual interpretation can require adding up timesheet hours, and then referring to the Award to check for overtime worked, allowances incurred, penalty rates that apply or minimum hours that apply. These are then entered into the pay run line by line by the payroll officer.
Leveraging payroll software with pre-installed Award interpretation means that hours in timesheets can be imported into the pay run and are automatically run through the award rules. The pay run then populates automatically with the conditions that apply based on this interpretation. This ensures that award conditions are updated in the background with legislation changes, and minimises the risk of manual data entry mistakes.
How payroll works
Our payroll service starts with the preparation of your plan by calculating your payroll based on the relevant information and data.
Following preparation, your Payroll Business Partnerย will review all relevant data, ensuring accurate Award Interpretation and compliance. Itโs during this stage that our clientโs review all their payroll, and provide further adjustments or approval.
Next, your Payroll Partnerย will ensure your EFT files are generated, your General Ledger and post payroll reports are provided, and your STP is lodged.
Lastly, to keep the process transparent, accurate, and streamlined, your Payroll Partnerย will offer continued business support with payroll queries, system queries, superannuation updates, processing and monthly reporting, as well as all payroll tax, PAYG, and leave liability.
Why are Modern Awards important?
Correct award interpretation provides employers with clear, concise, and fair guidelines surrounding adequate provisions for their staff. Awards cover important issues such as what they must pay their employees, what amenities they need to provide for employees, break times, and much more.
All employees have the right to read over their relevant Award Agreement to determine if the business is meeting its responsibilities to staff. If a business or employer is not meeting these requirements, the employee will have grounds to take action against them.
How to interpret Modern Awards
Almost all staff are covered by some variation of Modern Awards, so ensuring the correct interpretation of their award agreements is a crucial aspect of running a business. There are many different employment types, such as full-time, part- time and casual. To correctly interpret what Award applies to your business and staff, you will have to take into account all factors surrounding your employees, their hours worked, their type of employment, and the agreements you have signed with them.
Award interpretation can be manual or it can be automated using payroll software. Manual interpretation can require adding up timesheet hours, and then referring to the Award to check for overtime worked, allowances incurred, penalty rates that apply or minimum hours that apply. These are then entered into the pay run line by line by the payroll officer.
Leveraging payroll software with pre-installed Award interpretation means that hours in timesheets can be imported into the pay run and are automatically run through the award rules. The pay run then populates automatically with the conditions that apply based on this interpretation. This ensures that award conditions are updated in the background with legislation changes, and minimises the risk of manual data entry mistakes.
Meeting the National Employment Standard with Modern Awards
The Modern industry award agreement provides full transparency and a clear description of the minimum employee entitlements and working conditions. This includes important factors such as minimum wage, the maximum amount of hours that can be worked in a day, overtime pay, allowances, and much more. They are designed to ensure no ambiguity so that both the employer and employee have clear expectations.
Through correct award interpretation, businesses and employers can protect both themselves as well as their employees. Correct Award Interpretation can protect a business from Fair Work investigations, compliance complaints or investigations, and many other risks surrounding the NES.
Why outsource payroll?
Our managed payroll service is flexible and offers tailored plans to cover your businessโs needs, with a scalable pricing model that can adapt alongside your business. Backed by advanced payroll software, our outsourced payroll solution includes end-to-end support from a dedicated payroll business partner, all the way from implementation to management.
We ensure that your employees are paid accurately and on time, while leveraging state of the art payroll software with pre-built Award Interpretation, while taking into consideration your business unique agreements. Our expert payroll partners can help your business navigate all the complexities surrounding award conditions, update awards in line with legislative changes, and payroll audits.
Our Payroll Business partners are aware of all regulation changes, amendments, or updates, allowing your business to stay ahead of all compliance laws. This includes payroll and tax regulations, wage and labour laws, and continuous Award review. Your financial safety is at the top of our list across all areas of business, which is why our systems, processes, and management team ensure that all your data is secure and protected.
Why outsource payroll?
Our managed payroll service is flexible and offers tailored plans to cover your businessโs needs, with a scalable pricing model that can adapt alongside your business. Backed by advanced payroll software, our outsourced payroll solution includes end-to-end support from a dedicated payroll business partner, all the way from implementation to management.
We ensure that your employees are paid accurately and on time, while leveraging state of the art payroll software with pre-built Award Interpretation, while taking into consideration your business unique agreements. Our expert payroll partners can help your business navigate all the complexities surrounding award conditions, update awards in line with legislative changes, and payroll audits.
Our Payroll Business partners are aware of all regulation changes, amendments, or updates, allowing your business to stay ahead of all compliance laws. This includes payroll and tax regulations, wage and labour laws, and continuous Award review. Your financial safety is at the top of our list across all areas of business, which is why our systems, processes, and management team ensure that all your data is secure and protected.
Explore all our payroll services
Award Interpretation
Our Payroll Officers can help your business identify all relevant Awards to their industry, ensuring peace of mind and continued compliance.
Payroll Management Services
Employment Innovations offers scalable payroll services that ensure comprehensive implementation of employee payroll management.
Payroll Compliance
Through managed payroll, our team of experts ensure all of your accounts are accurate, compliant, and following current legislation.
STP Payroll & EOFY Processing
Stay on top of STP Payroll and EOFY Processing with a local payroll expert managing your account.
Explore all our payroll services
Award Interpretation
Our Payroll Officers can help your business identify all relevant Awards to their industry, ensuring peace of mind and continued compliance.
Payroll Management Services
Employment Innovations offers scalable payroll services that ensure comprehensive implementation of employee payroll management.
Payroll Compliance
Through managed payroll, our team of experts ensure all of your accounts are accurate, compliant, and following current legislation.
STP Payroll & EOFY Processing
Stay on top of STP Payroll and EOFY Processing with a local payroll expert managing your account.
FAQs
Questions?
We have answers.
Does a Modern Award give businesses the minimum legal amount for pay rates and labour costs?
Yes, a Modern Award will help businesses with knowing the correct rate when they look to pay a staff member and stay compliant. It can also help you know what allowances need to be paid surrounding the Award your industry falls under.
What is an enterprise agreement?
Enterprise agreements are legal documents that cover certain employers and employees and set out minimum employment terms and conditions between them. These are designed with the minimum award conditions in mind, and need to be approved by Fair Work before they can be implemented.
Can a business fall under more than one Award?
Yes, it is possible for a business to fall under multiple Awards. Your business falls under an Award depending on the different industries it relates to. If your business falls under multiple industries, you may also fall under multiple Awards.
What is an Award interpreter?
An Award interpreter simply refers to someone who can advise a business on which Modern Awards they fall under. This can be any professional within a payroll or human resources related field.
Does Modern Award interpretation reduce the risk of penalties?
Yes, a business is required by law to meet all legislation surrounding Modern Awards. When you are compliant with the Awards that relate to your business, you reduce your chance for any penalties.
Looking for a tailored payroll solution?
To organise a free demo of our payroll software, or to find out more about our payroll outsourcing services, just fill out the form below and weโll be in touch.