The Government has promised time to prepare, but that time starts now. To stay ahead, employers should:
- Review and update policies, contracts, systems and processes, identifying gaps and prepare their own roadmap for change;
- Engage with consultations as they arise to ensure impacts on their business are outlined to help shape the future phases of changes;
- Plan for compliance and cultural shifts, especially in areas under the Fair Work Agency’s remit and relating to unions/collective employee engagement, ensuring processes are compliant, robust and cost effective;
- Advance key changes (e.g. restructures, system updates, contract revisions); and
- Act early to reduce risk and gain competitive advantage.
This is a cross-functional challenge: legal, finance, HR, tax, payroll, IT and compliance must align. A joined-up approach is essential. The time to act is now and whilst you digest the details below and await further guidance, please get in touch to discuss how best to begin preparing.