Understand the financial impact of your award interpretation

During the webinar we looked at the financial impact of different leave calculation interpretations, looking at over 100 employees across three locations.

Online
5th May 2023

Summary

In this webinar we discuss and model the financial impact of different interpretations of overtime clauses of modern awards.

The webinar covers:

  • Overtime clauses in the General Retail Industry Award
  • The financial impact of including and excluding leave in the count of “rostered” days
  • The financial impact of including and excluding leave in the count of “worked” days
  • Scenario modelling for each interpretation, showing the financial impact in dollar figures for specific employees

Key takeaways

  • The impact of wording and interpretation in modern awards and enterprise agreements
  • The financial impact of different methods when calculating and paying overtime
  • The importance of aligning the wording in our agreements and contracts to how our systems are configured to be able to defend how we pay employees.

Speakers

Duncan Stone
Chief Executive Officer
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Nicole Monteiro
Legal Interpretation Manager
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Chief Executive Officer - PaidRight
Duncan has a Masters in Business Decision Sciences and is a former Director of Innovation & Disruption and Economics & Policy Practices at PwC. At PwC Duncan built the joint venture between CSIRO Data 61 and PwC and has been CEO of PaidRight since it was established as an independent company in 2020.
Legal Interpretation Manager - PaidRight
Nicole previously worked in state government with extensive experience in analysing, interpreting, applying legislation and translating it into maths. She has reviewed and translated over 50 Awards and EAs at PaidRight, removing ambiguities and simplifying the complexities that surround interpretation for our pay modelling team.