HR software with superannuation compliance

HR software with superannuation compliance built in carries a risk that is easy to miss at purchase.

The compulsory superannuation rate has changed several times in recent years. A product that holds that rate as a configured value, updated only when somebody remembers, will keep calculating on the old one after a change. That is an underpayment, applied to everybody, and discovered much later.

Three things worth asking. Whether rate changes are applied by the vendor automatically or by you. How choice of fund and stapled fund details are captured and stored. And how the system handles employees whose eligibility or arrangements change part way through a period.

Superannuation obligations sit with the Australian Taxation Office rather than with Fair Work, so check the current position there.

The Australian Taxation Office publishes the current superannuation requirements. This is general information rather than legal advice, and obligations vary by state and territory.

See Sentrient’s HR software and HR management system.