One of the features of the recent Reform conference was Pitchfest, in which tech start-ups with new solutions for the recruitment space had five minutes to pitch their concept.
The winner against stiff competition was Col Levander, Founder and CEO of technology software company ratescalc.
The Brief sat down with Col to learn about his business.
Q: What does RatesCalc do and which of its services would specifically benefit RCSA members?
Ratescalc.com is a unique and powerful software platform like no other. It is essential for any recruitment or labour hire or group training company that wants to automate their workflow and ensure legal compliance, rate accuracy and efficiency. For any business that wants to ensure they are paying staff correctly or supplying labour hire materials professionally, ratescalc.com protects both your operating profit and your industry reputation.
We are proudly owned and operated in Australia.
The ratescalc.com platform ensures that businesses are fully compliant with the Modern Awards in each jurisdiction, eliminating human error and inaccurate payroll ensuring businesses are protected by paying employees correctly.
The software also manages margins for recruitment companies (RCSA members) and anyone paying employees with a margin component. It manages employment contracts, EBAs and sends candidate job documentation in a few clicks.
RCSA members no longer have to endure manual spreadsheets, double handling and double checking as ratescalc works in the background as the perfect piece of middleware ensuring all the parameters set by the company are being adhered to.
Fair Work is now issuing amendments regularly, not just once a year, and keeping up with those changes is mandated and very time consuming. We live and breathe the Modern Awards, so you don't have to.
With ratescalc.com “wage theft” is a thing of the past.
Q: What was the key message of your winning PitchFest entry?
Tik Tok was the theme of the ratescalc.com pitch.
With the popularity of Tik Tok as a social media outlet, companies and businesses have their own version of Tik Tok happening - a potential ticking time bomb in regards to wages, penalties and provisions, ensuring pay rates are correct is a huge task for recruitment, labour hire and group training organisations as well as large employers.
We drew this analogy to illustrate the urgency and seriousness of the ramifications of not managing these processes well.
The instances of wage theft are becoming a regular occurrence and many large corporations have been caught out to the tune of millions of dollars.
ratescalc.com integrates with payroll software, front and back office systems and can ensure that members are paying awards that are updated regularly. As soon as Fair Work make changes, amendments or apply new rules ratescalc.com is updated.