Wesfarmers CEO Rob Scott says they “have identified what needs to be done” in regards to Target employees being underpaid and the company is “putting in place processes to reduce the risk of this in the future”.
Target was the latest corporate identity to reveal they had underpaid their staff as Wesfarmers admitted in their half-yearly report that Target workers were ripped off by $9 million.
Mr Scott told Sky News it was a “very detailed report going back a long time” and identified further errors which he was “very disappointed about”.
He said the “overall cost” of the wage theft issue “represented much less than one percent of our overall payroll” but wanted to “emphasize that does not minimize this issue – it is unacceptable”.
“There are penalties in place and there should be penalties in place” he said.
“It has been a wake-up call for many companies, I am yet to meet a CEO that isn’t facing into this very quickly.
“We pride ourselves in a strong corporate reputation. The relationship we have with our teams is paramount.”