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As businesses prepare for the upcoming legislation criminalising wage underpayments, conducting thorough self-audits with tools like Subi’s wage tech is crucial.

Starting January 1, 2025, intentional underpayment of wages will be criminalised. This significant shift makes it imperative for directors to proactively self-audit their business wages to ensure compliance and avoid severe penalties. Here’s why this is crucial and how Subi's wage tech can help.

In the fast-paced world of law and accounting, efficiency and accuracy are paramount. Subi’s advanced wage tech platform is transforming the industry by significantly reducing data processing and analysis time (by up to 80%). Subi not only enhances operational efficiency but also provides substantial benefits to firms and their clients, driving new business opportunities.

Wage audits are crucial for ensuring compliance with labour laws, maintaining employee trust, and avoiding costly penalties. These audits verify that employees are paid correctly according to their employment agreements and applicable laws, helping to identify any discrepancies in wages, overtime, and benefits.

In the dynamic landscape of mergers and acquisitions (M&A), effective due diligence on payroll and HR data is crucial for a seamless transition and integration. Traditional methods often involve cumbersome spreadsheets and manual data transfers, which can be time-consuming and error-prone, leading to delays and potential compliance issues.

In today's fast-paced business environment, efficient onboarding processes are crucial for maintaining productivity and ensuring a smooth transition for new clients. Onboarding is not just about welcoming new clients; it involves integrating them into your platform, ensuring they understand the service/product, and giving your organisation the tools need to succeed. Traditional onboarding methods, often reliant on spreadsheets and manual integrations, can be time-consuming and prone to errors, leading to delays and frustrations for both HR teams and new or existing employees.

The 2024-25 Federal Budget has introduced significant reforms in personal tax and superannuation aimed at easing financial pressures on Australians.

Last week's Miami Grand Prix offered fans high-speed thrills, celebrity sightings, and, unfortunately, high prices that left many wallets feeling a bit lighter. With a fruit plate priced at $280 and lobster rolls at $425, attending the event would have felt like a financial pit stop. As exhilarating as the race was, the menu prices might have had fans wishing for a financial pit crew just to navigate the food stands.

High inflation is driving up HECS debt indexation rates. This means higher repayments and extended debt periods for graduates entering the workforce...

In today's fast-paced and competitive business world, one often-overlooked aspect of employee satisfaction is financial wellness...

In the corporate world, unchecked accumulation of employee leave can stealthily burgeon into a significant financial concern...

As the cost of living crisis grips Australia, there’s a new way for 4.2 million workers to access money they’re earned that “most Aussies don’t know about”...

HR leaders are on a constant search for innovative solutions that tackle critical challenges...

Taylor Swift's highly anticipated tour has arrived in Australia, bringing excitement and unforgettable performances...

Much like Sinner's breakthrough in a domain historically ruled by seasoned champions, we at Subi are revolutionising the way all stakeholders of annual leave approach it and interact with each other.

We have seen somewhere between 20% & 30% of Aussies are sitting on leave balances of 20 days or greater. This could be $2,500 that you can give your employees. So why does this not happen more often?

Workers can access cash upfront for accrued holidays through a new fintech payments platform called Subi...

Fintech platform Subi allows Aussies to cash in on outstanding annual leave balance...

What most Aussies don't realise is they're already sitting on a small fortune in the form of their annual leave at work. Data from Subi shows about nine million Australians have around 200 million days of annual leave up their sleeve and if you were to cash some of it out, that could equate to roughly $2500.

Before reading this article, I suggest you pull up your most recent payslip. Now that you have it in front of you, if you have more than 152 hours of leave accrued you could be sitting on a goldmine without even realising it. Around 30% of you have accumulated excess leave, contributing to what we believe is a staggering $4-8bn per year of deadweight liability on company balance sheets in Australia. Yes, you read that right – your annual leave is not just a break from work; it’s a potential windfall waiting to be claimed.