Staggering figure Australian workers are losing to wage theft

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Australian workers are losing nearly $850 million a year due to wage theft, new data has revealed.

It's a growing concern among workers, with research showing many might not even be aware they have been short-changed.He eventually contacted his union, which helped him take action.

"It has a huge impact and I knew something was wrong but I wasn't empowered to speak up about it," Lea said.Lea joined the Young Workers Centre to help others fight the battle against wage theft, after he discovered how widespread the issue is.59 per cent of Australian companies have made a payroll error in the past 24 months, according to a report by Rippling.

The most common errors include under or overpaying an employee , delayed payment , misgrading an employee and not making superannuation payments .Generational-wide concern with move to cashless societyThe research also showed businesses with 50 or more employees were more likely to make mistakes with pay than smaller businesses.

"The kind of impact it has on young people is really profound... especially today in a cost of living crisis," Lea said.

 

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