The maintenance of accurate and up to date employee payroll records is imperative to the efficiency and compliance of your payroll. Having great quality payroll records serves as an archive of crucial employee information that ensures legal compliance with Fair Work requirements and guidance.
The Fair Work Act and Regulations requires employers to keep records readily accessible for a Fair Work Inspector for at least 7 years. These should accurately represents when staff were suppose to work, when they actually worked and what they got paid.
This checklist includes 32 essential data points that all payroll teams should be collecting, so they can prove they are compliant.