Financial Services
Financial Services has a unique mix of rates, awards and entitlements that can be complexto align for a large workforce. With our help, you can navigate the intricate requirements ranging from staffing policies to workplace representation.
Most employers in the financial services sector are covered by the Banking, Finance and Insurance Award (Award), which provides for pay rates and conditions of employment such as minimum wages or salary, leave entitlements, overtime and shift work, as well as a range of other workplace related conditions. Together with the National Employment Standards (NES), the Award forms the minimum safety net of terms and conditions of employment for those employees to whom the Award applies.
It is not possible to ‘contract out’ of the Award and NES, although the law can allow for some flexibility in their application. Therefore, for employers, it is vital to ensure that the Award and the NES are complied with, to avoid the risk of underpayment claims, and court-ordered compensation and penalties.
It is also critical for employers in financial services to ensure that their interests are protected by well-drafted employment agreements and staff policies and procedures. As for employees working in financial services, they have a valid expectation that their employer will treat them and remunerate them fairly and lawfully during their employment.
WilliamsonBarwick has a wealth of experience in assisting employers and employees in the financial services sector to obtain lawful and fair outcomes in their workplace relations.
A Critical Risk Assessment For Your Business
In recent years there has been a sharp, public focus on employers who have underpaid staff or engaged in other unlawful behaviour. Employers large and small have been required to compensate employees and pay significant penalties as a result of enforcement action. The trend in Employment Law is one of ever-growing complexity and rapid change. Most compliance problems arise out of inadvertence and are not deliberate, but nonetheless pose significant legal, financial and reputational risk to an organisation.
Advice
Employment Law can be complicated. A sound understanding is required of how the law of contract and employment statutes intersect and inform your rights and duties. So our goal is to provide legal advice that is clear, timely and concise. As specialists, we understand and can explain how the law applies to your situation and what your legal options are.
Workplace Investigation
When a serious allegation is made in the workplace, it may be necessary to appoint an external investigator to determine the facts so you know what action to take. WilliamsonBarwick can appoint an investigator for you and oversee the investigation process, so as to provide you with confidential legal advice on the investigator’s findings.
Employment Disputes
Disputes with employees can be costly, distracting and stressful for management and employees alike. You can’t always avoid a dispute arising, but with our help you can implement a strategy to resolve the problem in a timely manner and minimise disruption to your business.
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