Achieving payroll compliance

A payroll systems review can help to give you confidence that your organisation is paying workers correctly.

Employers are currently experiencing intense scrutiny of their payroll and wage compliance to ensure that they have not been underpaying wages and workers’ entitlements.

Employers may face compliance issues because of the incorrect or incomplete configuration of their payroll systems to meet industrial relations requirements.

Even small issues in payroll, or in time/attendance recording, when extrapolated over a large workforce over many years, are adding up to significant exposures.

Are you confident your organisation’s payroll and wage compliance is accurate?

Payroll has long been a challenging compliance area for businesses, given Australia’s complex industrial relations system and other contributing factors such as the significant investment required in technology and resources to stay up to date.

However non-compliance and underpayments can expose organisations to the risk of substantial financial penalties, reputation damage, loss of employee trust and remediation work.

We can review your payroll processes for compliance

PwC has been a pioneer in partnering with some of Australia’s largest employers across a variety of industries to assist in achieving payroll compliance.

We can review your relevant industrial instruments, sample your payroll data calculations and assess your payroll processes and controls.

We can also provide a wide range of assurance and advice services including legal, internal audit, tax and technology to help you manage any issues of non-compliance and ensure that you are set up for the future.

The depth of knowledge we bring has informed our approach to lead payroll reviews with a legal lens, where any compliance issue should always begin with an understanding of legal obligations. A carefully considered, customised solution delivers the best outcomes with regulators and your employees, whilst being careful to protect your legal position, under the guidance of legal advisors. We are a pioneer in this space and have regular dealings with the regulators to ensure you receive the most informed insights to address this wage underpayment issue.

Working with an Assurance mindset, our dedicated and integrated team of Payroll Consulting, Internal Audit, Workplace Law, Data Analytics and Employment Taxes specialists have the necessary payroll-focused expertise.

They can work with you across your value chain to develop a robust framework that assesses, tests and remediates to ensure the compliance of your payroll and HR systems.

This team is dedicated to supporting businesses and the community to resolve wage underpayment issues.

We bring a holistic organisational perspective through our experienced organisational design consultants to assist with managing the transformation to new ways of working and embedding lasting cultural change.

Our Assurance professionals will bring a process and controls lens that will help future proof your business.