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Callum Thomas

Annualised Salaries – key questions for employers

The new Annualised Wage provisions by Fair Work Commission places new and potentially onerous requirements on employers who pay annualised salaries in substitution for applicable award rates. These changes will impact the way many companies set pay rates, employee time keeping, inform employees, reconcile payroll records and deal with potential underpayments.

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Annualised Salaries – key questions for employers

The new Annualised Wage provisions by Fair Work Commission places new and potentially onerous requirements on employers who pay annualised salaries in substitution for applicable award rates. These changes will impact the way many companies set pay rates, employee time keeping, inform employees, reconcile payroll records and deal with potential underpayments.

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Annualised Salaries – key questions for employers

The new Annualised Wage provisions by Fair Work Commission places new and potentially onerous requirements on employers who pay annualised salaries in substitution for applicable award rates. These changes will impact the way many companies set pay rates, employee time keeping, inform employees, reconcile payroll records and deal with potential underpayments.