Payroll reviews, without all the work

Have more confidence that you are paying your people correctly. Automated reviews that are helping businesses understand risk of both underpayments and overpayments

Why regular and ongoing reviews?

Avoid costly wage remediation projects

Having regular visibility into where risk lies will help you implement necessary business changes. This allows for fixes to be made in a timely manner without the cost of a large-scale wage remediation project.

Prove to the board and Fair Work you are getting it right

PaidRight provides the tools to prove you are paying your people correctly. When the board or fair work ask for proof of compliance, you will have the confidence and an interactive report to show any stakeholders

Coverage over your entire business

Sample tests has led to ongoing uncertainty around employee pay. Reviewing 100% of your workforce allows for total risk awareness and the ability to make business changes within offset periods alleviating the need for a large scale wage remediation project.

Have more confidence in how you pay your employees

Supports modern awards and enterprise agreements

Being confident in your payroll means having the ability to review your entire workforce. This includes having oversight over all of your awards and enterprise agreements. PaidRight supports modern awards with default interpretations ready to go as well as enterprise agreements.

Built to deal with complex legislation and interpretation

The product is built to deal with the complexities in modern awards and enterprise agreements. Thorough and customisable configuration means you have will have a rock solid interpretation that reflects how your business is run.

I love that PaidRight does the BOOT test automatically for us - this is a tool that is long overdue in market
- Group Payroll Manager

Understand your risk of underpayments and overpayments

Review every shift of every employee

Ever wanted to investigate a specific employee without manually going through and recalculating several rosters and timesheets? The PaidRight platform can provide analysis on every employee, every payslip and every hour worked. The ability to quickly drill down into a specific shift will save you hours of time and energy.

Understand where your risk lies across the entire business

The total coverage of your business is key to being totally risk aware. This could include looking at specific stores or locations, different cohorts of employees or specific clauses within your agreement that are contributing to risk of variance in employee pay.

Understand if salaries are covering all entitlements

This remuneration method is often perceived as a simple way to pay full-time employees. Ongoing visibility improves accuracy that can be used to prove compliance, allows for changes to be made during off-set periods as well as avoiding unnecessary reconciliation or back-payments.

Reduce the risk of under and overpayments going forward

Being total risk aware will allow you to put into place controls and processes to reduce potential under and overpayments. This could include changes to rostering, changes to how you run your business or educating specific locations on how risk can be minimised.

Review every shift of every employee

Ever wanted to investigate a specific employee without manually going through and recalculating several rosters and timesheets? The PaidRight platform can provide analysis on every employee, every payslip and every hour worked. The ability to quickly drill down into a specific shift will save you hours of time and energy.

Understand where your risk lies across the entire business

The total coverage of your business is key to being totally risk aware. This could include looking at specific stores or locations, different cohorts of employees or specific clauses within your agreement that are contributing to risk of variance in employee pay.

Understand if salaries are covering all entitlements

This remuneration method is often perceived as a simple way to pay full-time employees. Ongoing visibility improves accuracy that can be used to prove compliance, allows for changes to be made during off-set periods as well as avoiding unnecessary reconciliation or back-payments.

Reduce the risk of under and overpayments going forward

Being total risk aware will allow you to put into place controls and processes to reduce potential under and overpayments. This could include changes to rostering, changes to how you run your business or educating specific locations on how risk can be minimised.

All your questions answered

What do we do after we get the results?

After getting your results you can identify where your biggest risk areas are, and put into place a strategy to improve them. This may include; better data collection methods, different rostering principles, or even a different interpretation. You can then review how those changes have impacted your risk levels in following reviews.

Can you also provide custom reporting?

Yes, the product sits above a data platform that can provide different analysis on the data you have provided. This could include store by store comparisons, brand by brand comparisons, looking at specific clauses in more detail or specific cohorts of employees in more detail.

How do you calculate the compliance score?

Our compliance score is the weighted average of % of employees compliant and % of total negative variance. Let’s break this down further:
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1. The % of employees compliant: this figure is calculated by taking the number of employees with negative variance (i.e. underpaid) divided by the total number of unique employees found in your data.
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2. The % of total negative variance: this figure is calculated by taking the sum of absolute negative variances divided by the total actual payments found in your data.

Do I have to back pay employees based on the results?

Not necessarily, what the product aims to do is highlight risk. There may be reasons for risk being highlighted like an employee agreeing to a shift via text that isn’t collected in your system. It may however highlight larger areas of risk that might lead to you investigating further to potentially look at back payments.

We apply the highest industry standards when it comes to data protection and security
Navigating rate changes for payroll accuracy and compliance in 30 minutes
Friday, 29th September, 11am
Register now
DUNCAN STONE
Chief Executive Officer
NICOLE MONTEIRO
Legal Interpretation Manager
Features
Company
Resources
Level 6, 320 Pitt Street, Sydney
paidright
1300-594-411
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