HR Glossary

What is Superannuation Guarantee (Australia)?

The mandatory employer contribution to an employee's superannuation (retirement) fund in Australia, currently set at 11.5% of ordinary time earnings, with quarterly payment deadlines and a Superannuation Guarantee Charge (SGC) penalty for late or unpaid contributions.

Why it matters in hiring

Superannuation Guarantee (Australia) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with S

• Side Hustle Policy
• Skip-Level Meeting
• Strike
• Suggestion Box
• Suspension
• Succession Pipeline
• Stretch Assignment
• Stay Interview

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