Employment Contracts – Get Two For The Price Of One

The South Australian Business Chamber Today — 24 February, 2022
Do you have employment contracts or individual flexibility agreements (IFAs) in place with your staff? When did you last review them?

The Fair Work Commission has increased modern award rates of pay and allowances due to the staged annual wage review increases. Over time, this means the Award provisions may surpass those of the employment contract or IFA, resulting in your employees no longer being better off and therefore being unintentionally underpaid.

The longer an underpayment goes undetected, the more difficult and expensive it becomes to rectify. Furthermore, there can be implications for superannuation, payroll tax and workers’ compensation premiums.

Suppose your employment contracts or IFAs have been in place for more than a year or two. In that case, the South Australian Business Chamber recommends you review the arrangement to ensure that:

1. it still meets your needs
2. the employee is still better off under the employment contract or IFA than they would otherwise be
3. the employment contract or IFA is still compliant with the Award.

Access our two for the price of one deal! Contact our Business Advice Hotline on (08) 8300 0000 or register your enquiry here and mention this offer which will expire on 31 March 2022.