If you are an Australian employer, you will know all about award interpretation and just how difficult it can be to actually comply, and while this can present a major accounting nightmare, there are specialised software solutions that, once configured, will calculate everything on your behalf. This system was set up by Fair Work Australia in 2010, award interpretation covers many aspects of working conditions that include:
- Rate of pay
- Working hours
- Penalty rates
There are more than 100 award interpretations covering a wide range of industries, and non-compliance can result in heavy fines, so it is essential that you comply in every respect.
What Award Interpretation Software Can Do
If you invest in state-of-the-art award interpretation software, you can enjoy the following:
- Accurate Payroll – The software can work with multiple awards and ensures that your payroll is always correct, while it also incorporates allowances, penalties and accruals.
- Individual Flexibility Arrangements – Inbuilt roster choices allow you to comply with employee choices without having to fill in paperwork.
- Payroll Integration – APIs support many Payroll and HR platforms, enabling you to integrate and not have to duplicate data, which is very time consuming.
- Configuring Rules – Schedule, work and business rules can all be configured and constant compliance is assured.
Once the system has been configured, you have a fully automated way to ensure award interpretation compliance that will save your employees a lot of time.
If you would like to learn more about award interpretation solutions, an online search would help you locate a leading software developer and they would be happy to demo their product and answer any questions you might have. When you factor in the time and effort that is required to make sure you are award interpretation compliant, the obvious solution lies with a special software package that is designed for the easy application of accurate award interpretation.
Decades of Development
The leading software developer has been improving accountancy software that is in compliance with Fair Work for many years, and the latest version really automates award interpretation, with many options and tools that can be configured to run automatically, as well as working with your other HR and Payroll systems.
Traceability & Compliance
The great thing about award interpretation software is it guarantees compliance, while making the necessary adjustments within a set configuration, and with so many options, award interpretation is no longer the headache it once was. Every configuration change is recorded, so you can easily trace back steps to identify changes and when they were made.
Failure to Comply
In the event a company failed to comply with Fair Work, they could be fined many thousands of dollars, and without state-of-the-art software, non-compliance is a very real possibility. Rather than constantly checking and double checking that you are in line with Fair Work, search online for a leading award interpretation software developer and you will not regret it.
Make sure that your business is always Fair Work compliant by using a top award interpretation program from a leading software developer.