Maxxia Insights for Employers’ Post

Modern Award Interpretation:   Modern awards are industry or occupation specific instruments which set out the minimum terms and conditions of employment in addition to the National Employment Standards (NES).  Modern awards outline entitlements such as wages, hours of work, rosters, breaks, allowances, penalty rates, overtime and more.   We understand that interpreting modern awards may be overwhelming and difficult to understand. However, it is extremely important that modern awards are interpreted correctly to ensure employers are meeting their obligations and employees are receiving their minimum entitlements at law.   HR Business Assist offers modern award interpretation as part of our Premium and Partnered HR subscription or on an ad-hoc basis. Be sure to contact the team at HR Business Assist today if you have any queries regarding modern award coverage. HR Business Assist | P 1300 138 551 | E support@hrbusinessassist.com.au   #Awards #ModernAward #NES #NationalEmploymentStandard #Employment #Employees #Entitlements #HR #HumanResources #HRBusinessAssist

CDF's Wage and Hour Litigation Taskforce team, Nancy "Niki" Lubrano, Brian E. Cole II & Osaama Saifi recently authored the article "How To Ensure Compliance With California Overtime Laws And Federal Salary Thresholds" for HR.com's July 2024 edition of Payroll, HRIS, Time & Attendance Excellence. This article provides an in-depth review of the criteria for exempt employee classification. Click on the link to read the full article here: https://lnkd.in/gvFJkQSP #cdflaborlaw #caemplaws #wageandhour #exemptstatus #exemptclassification

Are you prepared for Skills Development Levy (SDL) compliance in 2025? Your business becomes liable to pay the SDL if your total salaries over the next 12 months exceed R500,000.  This means contributing 1% of your total payroll—including overtime, leave pay, bonuses, commissions, and lump sums—and submitting an annual Workplace Skills Plan. Navigating these requirements doesn’t have to be stressful. At Jacana Advisory, we’re here to simplify the process and ensure your compliance, so you can focus on growing your business. 📌 Book your consultation today and let us take the stress out of compliance. #SkillsDevelopment #SDL #WorkplaceSkillsPlan #BBBEE #JacanaAdvisory

Professional in Northern Australia? Tips most professionals don't know about: Income Recognition: → Industry-specific policies → Different treatment of overtime/allowances → Experience level considerations → Employment contract flexibility Exclusive Benefits: ↳ LMI waiver possibilities ↳ Higher borrowing capacity options ↳ Fee package considerations ↳ Policy exceptions available Quick Tip: Keep your professional registration current - it can affect your borrowing benefits. Settling $35M+ in loans annually with a focus on professional needs. DM me for guidance on professional lending benefit

🌟What is an Individual Flexibility Arrangement?🌟 ✨ How does an IFA work?✨ An IFA allows for alternative arrangements that benefit both the employer and employee. However, an IFA cannot reduce or remove an employee’s entitlements. The employee must be better off overall, considering financial and personal circumstances. 🚀 What can an IFA do? 🚀 An IFA allows changes to certain clauses in awards or agreements. 🔧 What can be changed? 🔧 In awards, IFAs can vary: - Working hours - Overtime and penalty rates - Allowances - Leave loading In agreements, flexibility clauses specify what can be changed. 📝 How is an IFA made? 📝 Both employer and employee must genuinely agree 🤝. The agreement must be in writing, signed by both parties. If the employee is under 18, a parent or guardian must also sign. ❌ How can an IFA end? ❌ An IFA can be ended by mutual agreement or by giving appropriate notice—13 weeks for awards and up to 28 days for agreements. For advice on IFAs, 📧 Bentham Legal at ph@benthamlegal.com.au #BenthamLegal #EmploymentLaw #WorkplaceFlexibility #FairWork #EmployerAdvice

Are you curious about where you stand in terms of salary benchmarking? Do you want to know if you're being overpay or underpaid compared to the industry standard? And most importantly, does your company reward you correctly? #salarybenchmarking #compensation #benefits #webinar #industrystandard #faircompensation

New Curia Ruling on Rest Periods: Mass Lawsuits and Retroactive Pay on the Horizon? A recent ruling by Hungary's Curia could signal a wave of lawsuits and substantial overtime compensation claims, potentially impacting millions of workers. According to a March 2023 ruling from the European Court of Justice (ECJ), the daily rest period - a minimum break between shifts - is distinct from the weekly rest period and must be provided beforehand. You can read more about the topic in Réka Fülöp's recent article on CEE Legal Matters: https://lnkd.in/dkNB_gUq #employment #restperiod #overtime #compensation #legalupdate #kcgpartners

Types of Allowances: Boosting Employee Benefits Did you know that allowances can significantly impact employee satisfaction and retention? Let's explore various types of allowances: 1. Housing Allowance 2. Transportation Allowance 3. Meal Allowance 4. Medical Allowance 5. Education Allowance 6. Child Care Allowance 7. Dearness Allowance (DA) 8. City Compensatory Allowance (CCA) 9. Hardship Allowance 10. Overtime Allowance Statutory Allowances: 1. Minimum Wage 2. Overtime Pay 3. Bonus (under Payment of Bonus Act) Non-Statutory Allowances: 1. Performance-based allowances 2. Company-specific allowances Why Allowances Matter 1. Enhance employee satisfaction 2. Improve retention rates 3. Support work-life balance 4. Recognize employee contributions 5. Stay competitive in the job market #Allowances #EmployeeBenefits #HR #Payroll #Compensation #BenefitsAdministration #EmployeeSatisfaction #RetentionStrategies #WorkLifeBalance

Wishing you had access to consolidated information on provincial and territorial payroll legislation as it pertains to overtime banks? We’ve got what you’re looking for! On our blog, we explore the employment standard laws for banking overtime in different jurisdictions across Canada: https://bit.ly/3TZKXbM. #Payroll #PayrollProcessing #PayrollManagement #PayrollAccounting #Overtime #BankedOvertime #OT #SmallBusinessPayroll #PayrollCompliance #PayrollProfessionals