Failure to comply with the Fair Work Act 2009 (Cth), Fair Work Regulations 2009, Modern Award or an Enterprise Agreement (EA) or Registered Agreement (RA) can be a catastrophic risk to any business that does not meet it's statutory obligations.
The risks are multi faceted including financial penalties, back payment of entitlements, reputational damage, loss of standing in the community as being branded a wage thief and potentially criminal proceedings on the horizon for serious contraventions.
Long answer: can it be serious YES, is the resounding answer.
There are no real winners in underpayments being detected and then being recovered. Depending on the seriousness and the scale of your business, it has the potential to financially wipe you and your business out.
The benefit to underpayment? Generally no benefit, usually an honest mistake that has been undetected and flourished.
Wage Compliance Analysts provide the services that will break the cycle of unintended risk and reduce your risk to a manageable level.
Most cases we work on are a result of an unintended error, either by human or system created, that is not managed or understood and leads to exposure with all the consequences of non compliance, including lost time in preparing a defence, the costs associated with defending an action, the potential for civil penalties and the list goes on.
Wage Compliance Analysts can provide the advice to ensure unintended actions do not have lasting consequences for you