A director's guide: Critical questions to assess wage compliance

Industrial relations laws have undergone a substantial shift, moving from a reactive approach to a proactive stance, requiring directors to prevent breaches from occurring in the first place. If adequate mechanisms and risk mitigation protocols are not in place, directors can be held personally liable, and companies face substantially increased fines of up to the higher of $4,696,000 or three times the underpayment amount.

It's clear, through these reforms, that the responsibility of overseeing and ensuring payroll compliance sits squarely within the Board’s remit.

Questions to assess wage compliance

This checklist is designed as a practical tool to guide directors through key questions that assess their company’s compliance status. By following these steps, Board members can better understand their current compliance posture and identify areas for improvement. From establishing accountability to ensuring real-time monitoring, this checklist provides a comprehensive approach to managing and mitigating payroll compliance risks.

Use this guide to initiate a robust compliance framework and reinforce your company's commitment to wage accuracy and legal obligations.

Download the checklist via the form.