Law Firms, Risk &
Compliance Professionals
Underpayment assessments, payroll reviews, compensatory and damages calculations and remediation compliance support, in addition to ad-hoc data analysis for legal teams.
Navigating Australia's complex landscape of employer responsibilities and industrial relations presents significant challenges, characterised by ongoing fluctuations in superannuation, taxation, and award interpretation.
The Fair Work Act 2009, along with 122 Modern Awards, sets industry and role-specific standards for minimum wage levels, penalty rates, and various other employment conditions. Compliance with these regulations demands meticulous attention from organisations.
Ensuring accurate compensation for employees, in line with regulations and within designated timeframes, is a crucial obligation for companies. However, many employers struggle to grasp the intricacies of Australia's industry awards systems.
Companies are required to compensate their workforce accurately, in full compliance with regulations, and within stipulated timeframes. These risks carry significant consequences, including damage to reputation and legal and financial repercussions.
Our services to assist with these matters are:
Underpayment audits and assessments: Conducting one-time or periodic evaluations of payroll datasets in alignment with relevant award or enterprise agreement mandates. Offering data support to quantify remediation requirements.
Payroll reviews and stress tests: Stress tests or large scale assessments of potential underpayments and/or overpayments, for all pertinent employees and time periods, in cases of validated payroll discrepancies.
Cost modelling for remediation support: Providing quantified data modelling to support payroll remediation and or supporting negotiations for future enterprise agreements and satisfying the 'better off overall test'.Â
Compensatory and damages calculations: Providing precise cost calculations to quantify the extent of damages incurred for either litigation purposes or negotiation facilitation. Our meticulous approach ensures clarity and accuracy to offer valuable insights to support fair resolution and compliance with legal requirements.
At Data Dynamics Australia, we collaborate closely with our partner law firms to maintain legal professional privilege and ensure accurate interpretation alignment of relevant instruments and operating assumptions used for calculations.
We focus on quantifying and providing transparent, data modelling solutions to promote effective legal and financial risk management.
Contact our team to discuss your needs and explore how we can best support via the request for proposal form.
