Workstem Payroll & HR Platform

Workstem Partner Program is HERE!! SMEs need a good system to digitize their business and become more productive. Most of them also need professional advisors to help improve their management process. Workstem is looking for partners that we can work with in creating a 1+1=3 synergy to bring more value to the market. We work with recruitment, payroll outsourcing, accounting, and business advisory service providers to help small businesses succeed. Get in touch with us today to see how Workstem can help your practice grow. #business #payroll #accounting #bookkeeping #recruitment #outsourcing #workstem #businessautomation #businessadvisory

Are you generating the perfect payslip as Christmas and the New Year approach? It's crucial for employers and HR professionals to be well-versed in the special pay rates and conditions for public holiday shifts across various industries. Here are some typical public holiday pay rates on top of the base rate for different industries: 📌 Hospitality: 225% 📌 General Retail: 200% to 250% 📌 Fast Food: 225% 📌 Restaurant: 250% 📌 Pharmacy: 250% 📌 Health Care: 150% to 250% Note that these rates can differ based on the type of employment (full-time, part-time, casual) and the relevant award or enterprise agreement under the National Employment Standards (NES). Whether you're in hospitality, general retail, or healthcare, public holiday shifts often come with special pay entitlements. Are you aware of the rates and conditions outlined in your award? Find out how we can help to simplify award interpretation in all industries by keeping updated with the latest entitlements from Fair Work such as public holidays, overtime, penalty rates etc. https://lnkd.in/gwbXrUEv #christmas #publicholiday #awardinterpretation #holidaypay #entitlements

As the year draws to a close, many in Hong Kong look forward to their year-end bonuses or double pay. But are you calculating these entitlements correctly? Here's what to note: ✅ Year-End Bonus vs. Double Pay: - Double Pay is contractual and tied to your monthly salary. - Year-End Bonus is optional, often based on performance or company profits. ✅ Statutory Requirements: - Double pay is mandatory if stated clearly in employment contracts. - Year-end bonuses are flexible but must align with labor laws. ✅ Accurate Calculations: - Miscalculations can lead to compliance issues. Workstem automates payroll calculations, and manages your payroll easily. With 40+ pre-set pay items, such as bonus, double, pay, commission, overtime allowance, reimbursement and more. Auto track your own ADW by simply importing the preceding 12 months wages and customising income additions. Over 2000 companies have chosen us for their payroll matters 👇 https://lnkd.in/gWTVqumm #hongkong #payrollmanagement #hrmangement #hrandpayroll #yearendbonus #doublepay

It happened again. Recently, an NDIS operator was fined by the Fair Work Ombudsman for failing to comply with certain regulations. The business committed multiple violations, including underpaying minimum wages, overtime, annual leave entitlements, public holiday pay, shift loadings, and sleepover allowances as required under the SCHADS Award 2010. It’s time to put a stop to this and reduce back payments. Click on the link below to learn how you can get award interpretation right from the start and stay compliant every step of the way. https://lnkd.in/gwbXrUEv #awardinterpretation #payrollcompliance #schadsaward #backpay #NDIS

Are you ready to take your payroll to the next level? Here are some frequently asked questions our clients had before they had a unified payroll system in place. If you have similar questions, drop us a message and our team will reach out to you! Workstem is a cloud-based, all-in-one payroll and HR software that helps businesses increase payroll calculation efficiency & accuracy while being fully compliant to Fair Work. #payrollsystem #payrollcompliance #payrollintegration #fairwork #faqs #unifiedsystem

Under Hong Kong’s Employment Ordinance, it is stated that improper tracking of annual leave, statutory holidays, sick leave etc. such as failing to provide uninterrupted leave or calculate pay accurately, could result in a fine of up to HK$50,000. Read more about it here: https://lnkd.in/gH6BhT7z See why over 2,000 companies trust us to ensure employees' entitlements comply with Ordinance 713: https://lnkd.in/gveQYmGz Reach out to us or drop us a message to learn more! #leavemanagement #payrollcompliance #hongkong #EmploymentOrdinance #hrmanagement #penalties

We can agree that complying with the Fair Work Act 2009, National Employment Standards, and industry-specific Modern Awards is very important for businesses. With over 100 modern awards and 70,000 active agreements, staying compliant is no doubt difficult. By leveraging an award interpretation software, it can help to simplify this process, ensuring your business meets its obligations without manual effort. Learn why it should be a top priority for your business👇👇 https://lnkd.in/gwbXrUEv #payrollcompliance #modernawards #awardinterpretation #fairwork #nes #EnterpriseBargaining

The Federal Court recently imposed $132,840 in penalties on a franchise teahouse chain for underpaying 152 workers across its company-owned stores.   These employees were collectively shortchanged $162,533, with missed payments on minimum wages, casual loadings, and penalty rates. This case highlights the importance of ensuring workplace compliance in the F&B industry. Fair Work Ombudsman audits reveal that 78% of businesses in emerging franchises fail to meet workplace law standards, with most citing "lack of awareness" as a cause. Workstem helps to simplify award interpretation in all industries, making it simple to calculate overtime pay, penalty rates and allowances. With accurate timesheets, attendance tracking and automated systems, businesses can stay updated with modern awards compliance. Read more about the case: https://lnkd.in/dbCPUQ2m What steps do you think businesses should take to strengthen compliance and ethical practices? Share your thoughts below! 👇 #payrollcompliance #awardinterpretation #payrollsoftware #penalties #australianbusiness #workplacecompliance

Did you know? Fair Work has recently published that in their 2023-24 annual report the government has recovered the largest penalties in its 15-year history of $473 million and a total of $1.5 billion since 2020. The burning question that we have is: If everyone has a payroll system, why is this happening? Read on to find out more on how payroll remediation can be avoided with us: https://lnkd.in/gy_kBiH6 Workstem is a cloud-based, all-in-one payroll and HR software that helps businesses increase payroll calculation efficiency & accuracy while being fully compliant to Fair Work. Follow us to have more payroll and HR related updates! #payrollsoftware #payrollcompliance #backpay #payrollremediation #hr #humanresource

Managing statutory holiday entitlements in Hong Kong for part-time, hourly-rated employees can be tricky, but compliance is key to avoiding penalties. Here's a quick breakdown: 📍Entitlement: All employees are entitled to 12 statutory holidays per year. 📍Paid or Unpaid?: Employees under a continuous contract for 3+ months are entitled to statutory holiday pay. 📍Holiday Pay Calculation: Based on average daily wages (ADW) over the past 12 months, excluding unpaid periods like rest days or sick leave. 📍Working on Holidays:     - Provide 48 hours' notice if requiring work on a statutory holiday.     - Arrange an alternative holiday within 60 days.     - Payment in lieu of holidays is prohibited, with violations punishable by fines up to HK$50,000. Workstem helps to simplify your business process by automatically updating statutory and public holidays annually and calculating leave balances as well as integrating leave records with payroll to auto-calculate allowances, ensuring compliance with Ordinance 713. Contact us to learn more! #payrollcompliance #hongkong #parttimeemployment #HRandPayroll #leavecalculation #holidaypay