GETTING REMUNERATION RIGHT
Paying People
Make the best remuneration decisions
Impact Through Paying People. Paying people appropriately and correctly is vital to the success of your business.
Paying people is about attracting, retaining and rewarding people as well as your legal responsibilities under the award.
Getting this part of business correct can save you a lot of time, money and headaches later on. There are a lot of things to consider when looking at your team’s pay, which award is right for your team, do you operate under a number of awards, what about overtime and penalty rates and loadings. The Impact HR team can help you to navigate your way through a sometimes-complex industrial system.
THE ISSUE
Most employers do an amazing job of navigating the large amount of sometimes confusing information required to ensure teams are paid correctly. There are awards to interpret, super to apply, potentially tax to be taken out and in some cases workers compensation to pay. Not to mention the parental leave and other payments that may need to be considered. Many employers are surprised by the real “total cost of employment” and often under-estimate it at first.
- Do you really know how much it costs you to employ someone in your business?
- Do you know all the hidden costs so you aren’t caught out?
- Are you confident that your team are on the right award and paid at the right level?
- If your team are working under award, do you know what the penalty rates are and when to apply them?
HOW WE HELP
The team at Impact HR can help to guide you through the complex remuneration system. We can advise you on all the things you need to consider when paying your team such as which award is most appropriate and what penalties and allowances you need to apply and when.
The Impact HR team can provide you with customised summaries of all the awards your team may be working under, grade interpretation for staff within those awards and true wage calculations to ensure that the above award wage you think you are paying your team, truly takes into account everything that it should.
Impact HR is also able to provide support with creating and implementing other pay related documents such as remuneration policies, reward and recognition programs, bonus and incentive plans and other employer based benefits.
THE BENEFITS
Understanding and ensuring you pay people correctly is so important. It will help you attract and retain the best people for your team and make sure you avoid nasty surprises like government fines or backpay for unintentional mistakes. Depending on your type of business, paying people correctly doesn’t have to be as complex as it might first seem. There may even be easy, no-cost or low-cost ways to make working with you more attractive, without increasing wages.
The Impact HR team can make this whole process simple for you. We will provide you with specific advice based on your individual circumstances and your business which makes sense and is easy to understand.
A DELIVERY MODEL TO SUIT YOU
Paying People the Impact HR Way
Make the best remuneration decisions
DO IT YOURSELF
The Do It Yourself Paying People Package is designed to make the process of paying people easier for you and your business, the package provides access to documents and templates you can customise to meet your individual needs. The package includes:
- A remuneration policy
- A remuneration procedure
- A remuneration summary template
- Tips for managing payroll
- A timesheet template
- A leave form template
- Information on Single Touch Payroll
- Guide to calculating superannuation – what do you need to include
- Links to find the right award for your business
- And more!
DO IT TOGETHER
The Do It Together Paying People Package utilises your extensive knowledge of your business combined with the HR expertise of an Impact HR senior professional. The Do It Together package allows you develop the HR systems your business needs and creates a sustainable HR future by developing your own or your team’s HR knowledge and competence.
The package aims to help small business owners or their dedicated HR administration person to be HR confident and provide supported opportunities for developing HR foundations.
Through one on one mentoring and coaching, the Do It Together Paying People Package covers the National Employment Standards, how awards apply to your business, the flexibility clause, Super, other benefits, total remuneration, reward and recognition programs and the total cost of employment.
DO IT FOR YOU
The Do It For You Paying People Package will provide you with tailored specific advice for your business and circumstances. We become your outsourced HR team and do all the work for you.
We take all your current information about how you pay people and make sure you’re on the right track. We’ll confirm which award/s you should be paying people under, provide you with an easy to use summary of the award, calculate a true wage calculation for your team, provide you with a remuneration policy and procedure, provide advice on managing payroll and options for systems to use. As the name suggest, we do it all for you so you can get on with the business of running your business.
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