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billion in compulsory superannuation obligations in 2013-14. Getting payroll wrong is very costly. Australia’s payrollsystems aren’t very prepared for cyber attacks. It’s not just the financial penalties your organisation faces, you also set yourself up for high employee dissatisfaction and turnover.
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Managing Payroll with Bayzat Bayzat’s PayrollSystem is a comprehensive solution that makes payroll management easy and efficient. It automates payroll, eliminating manual data entry and calculation errors. As such, it has established minimum salary guidelines for specific categories of employees.
As these laws change, it's crucial for HR professionals not only to adjust the company's payrollsystems and benefits administration but also to communicate these changes to employees. This underscores the importance of compliance with international hiring laws.
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