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Insights, developments and news on Industrial Relations, workforce compliance and Yellow Canary

Hamilton Locke advises Yellow Canary on its $11m round led by Parc Capital

Hamilton Locke advises Yellow Canary on its $11m round led by Parc Capital

May 2022

Hamilton Locke advised Yellow Canary, a regtech provider, on a $11 million equity fundraising round led by venture capital firm Parc Capital. Funds raised will be used to super-charge the company’s growth plans...VIEW ARTICLE

Workforce compliance software Yellow Canary sings after closing $11 million raise

Workforce compliance software Yellow Canary sings after closing $11 million raise

May 2022

Sydney-based workforce compliance platform Yellow Canary is ramping up its fight against wage theft after closing an $11 million raise today led by investment firm Parc Capital...VIEW ARTICLE

AFR features investment in Yellow Canary

AFR features investment in Yellow Canary

May 2022

The $11m funding round, led by Parc, will accelerate Yellow Canary's growth as a solution to workforce compliance and the wage theft crisis in Australia...VIEW ARTICLE

Why can’t I audit payroll as I go?

Why can’t I audit payroll as I go?

April 2022

There are many reasons why you cannot audit as you go, just like you cannot audit your financial statements as you are preparing your balance sheet. In a nutshell, here are the 5 key reasons why it is impossible to audit payroll as you go. ...READ ON

We need to talk about… employee self claims

We need to talk about… employee self claims

October 2021

Though the heading seems somewhat sensationalised, it is not too far from the truth. Self-claim is often seen as the answer: yes, let’s reduce the workload of our payroll and labour teams and empower our employees by allowing them to claim for their entitlements. This is the innovation we’ve been waiting for!...READ ON

The disclosure conundrum

The disclosure conundrum

September 2021

Payroll verification reviews don’t happen in a vacuum. You are dealing with an array of internal and external stakeholders competing priorities, squeeze on resources, the uncertainty of the outcome, impact on reputation, timeline, and remediation strategy. There is no shortage of matters to worry about....READ ON

Snowball effect: the unintended consequences of wage underpayments

Snowball effect: the unintended consequences of wage underpayments

August 2021

You don’t jump out of bed at the opportunity to undertake a wage review. No one does. You might drag your feet begrudgingly or you might want to rip the band aid off and get it over with. But again, certainly not jumping out of bed at the sheer thought....READ ON

Gaps in data: the real problem with wage reviews

Gaps in data: the real problem with wage reviews

july 2021

You suspect that you may have a problem with the way your employees have been paid. Maybe you have selected the incorrect rate or inappropriately applied higher duties allowances, it happens, even to the biggest employers in Australia. You’re determined to do the right thing by your employees and your stakeholders. You decide to undertake a wage review to verify the historical payments made to employees and make good on any amounts owed to your workforce. You engage with your stakeholders, legal advisors, and engage a provider to quantify the extent of any potential underpayment. The project is planned, instructions are provided, and deadlines are set. Everything is on track....READ ON

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