PRESS RELEASE: Pay Cat Unveils Groundbreaking Cloud Payroll Solution for SCHADS Award Compliance
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[Newcastle, 22 February 2024] – Pay Cat, a leading innovator in cloud-based payroll services, is thrilled to announce a significant breakthrough in payroll compliance for businesses governed by the Social, Community, Home Care and Disability Services (SCHADS) Award in Australia.
After extensive collaboration with external HR consultants and independent legal experts, Pay Cat has developed a first-of-its-kind SCHADS template that can be implemented inside Employment Hero Payroll’s software, designed to help automate payroll processing and 100% compliance under the award.
Unfortunately, there is the proverbial noose around the neck of SCHADS businesses as there remains limited support from the Fair Work Commission on how best to stay compliant.
This isn’t limited to small and medium companies. Major SCHADS organisations such as Aruma Services Limited and Australian Unity have found themselves in hot water in recent years.
In addition, the Fair Work Ombudsman is putting a specific focus and targeting the care sector as an area of priority for their compliance program in 2024.
Garth Belic, Director of Pay Cat, noticed this was the biggest struggle within the SCHADS industry, stating, “The SCHADS industry really struggle to get it right despite their best intentions. We realised that many were either overpaying staff in the hope that they would comply or they would simply misinterpret the award and risk being audited. We had many customers reach out to us in the hope of looking for a solution that would help make SCHADS compliance financially sustainable and accurate. I think we can now confidently offer that solution.”
Built on the Employment Hero payroll platform, the Pay Cat SCHADS template interprets extremely complex, compliant award calculations based on simple timesheet entries. The Pay Cat SCHADS template is available exclusively to Pay Cat subscribers.
The template can be implemented into cloud payroll software and will automatically calculate, correct and adjust pay calculations and processing according to the SCHADS modern award conditions, saving business operators from erroneously misinterpreting or incorrectly interpreting these pay conditions.
The benefits of adopting Pay Cat’s solution include:
Accuracy in Payroll
FWO Compliance
Enhanced Profitability
Operational Efficiency
Scalability
For more information about Pay Cat and its services, please visit https://www.paycat.com.au/