Salary and wages

What is salary and wages?

Salary and wages are forms of compensation paid by employers to employees in exchange for their work. Salary is typically an annual amount agreed upon between the employer and employee, while wages are usually based on an hourly or daily rate. Both salary and wages are considered taxable income and need to be reported for income tax purposes.

How can Workstem assist you?

Simplify your payroll management with Workstem’s automated payroll system. We handle easy payroll by integrating employment information, attendance, leave, payroll, tax, superannuation and more into one master file.

By automating the payroll process in accordance with Fair Work and EBAs, Workstem simplifies tasks such as overtime pay, allowances, loadings, and leave cashing out. The STP 2 reporting feature also enables businesses to comply with ATO.

Keep track of compliant payroll processing at its finest with Workstem, boosting efficiency and eliminating the need for tedious manual operations. Join us today!