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75% of Australians Overlook This Crucial Work Check – Are You Losing Out on Thousands?

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A recent study reveals that a staggering 75% of Australians are not routinely reviewing their payslips, despite ongoing issues with payroll errors affecting many in the workforce.

Fresh data from accounting software company Reckon points to a disconnect between the amount of trust people place in their pay and how often errors actually occur.

The most prevalent problem is inaccurate pay, with 46.7% of workers reporting they have received incorrect payments. This typically stems from errors in logged hours, pay rates, or salary calculations.

Almost half of all Aussie employees surveyed noticed they had been paid a “wrong amount”. (A Current Affair)

Casual workers are the group most likely to detect these errors, possibly because their varying work hours make discrepancies more apparent.

Following closely behind, 31.1% of employees have encountered missing overtime or penalty rates, with full-time workers being particularly vigilant about ensuring these entitlements are correctly applied.

Finally, incorrect leave balances rank third among common payroll issues, impacting 18.6% of employees. Mistakes in recording annual and sick leave often go unnoticed until they have significantly accumulated.

Sydney, Australia - November 12, 2015: People crowd crossing street in central Sydney. Landmark in background, shopping center to the left.
The findings are based on a survey of 1,000 workers, along with data from the Fair Work Ombudsman and the ATO. (Getty)

Even with those figures, many Australians still aren’t checking closely.

Almost half of those surveyed said they don’t review their payslips because they trust their employer or payroll system, while others assume it’s correct because they’ve never noticed a problem before.

A further 23.2 per cent say they only look at the amount deposited into their bank account, rather than the breakdown behind it – suggesting a large share of workers may not be reviewing their payslips at all.

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