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Q & A and the AGM, page-75

  1. 60 Posts.
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    Great post @coppertop01.

    Add to this the looming threat of potential litigation of U.S employers by disgruntled employees following the landmark Cochran v Schwan ruling, plus the inefficiencies of existing reimbursement arrangements and using Dataflex becomes a no brainer for businesses. Not sure about IRS obligations but potentially also a tax deductible business resource??

    Recapping findings of recent research commissioned by Syntonic -

    "Compliance Concerns Lead to Overcompensation
    Among organizations with a BYOD policy, more than two-thirds (69%) currently reimburse employees for work-related use of their personal smartphones. When asked about the primary drivers for reimbursement, 36% of employers named compliance as a motivator. Enforcement of labor laws, such as Cochran v. Schwan’s Home Service in California, which require employers to reimburse employees for work-related usage on personal devices, are putting pressure on leadership to implement reimbursement programs. However, the current reimbursement policies are both inefficient and lead to severe overspending.
    • Roughly half (47%) of companies that reimburse for BYOD pay a fixed monthly stipend, and nearly one-third (29%) require employees to manually calculate reimbursement amounts and submit an expense report.
    • 45% of CEOs are extremely concerned about the recent ruling in Cochran v. Schwan’s Home Service, which requires companies to reimburse employees for work-related use of their personal smartphone.
    • In states like California and Massachusetts where employers are required to reimburse employees because of existing labor law, 29% of companies are not even aware of their compliance responsibilities."
 
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