The minimum wage increase begins on 1 July: here's what you need to know.
The Fair Work Commission has announced an increase in the National Minimum Wage in Australia. The minimum hourly wage will be lifted to $21.38, a $1.05 an hour rise from 2021's $20.33 base and an increase of 5.2 per cent.
Minimum Award wages above $869.60 per week will receive a 4.6% increase and a $40 per week increase for Award wages below $869.60 per week.
To comply with the wage rise, here are the steps SCHR encourage you to review:
review minimum rates of pay, terms and conditions for Award covered employees, and process increases from the first pay period in July, if necessary;
review the salary of Award covered employees to ensure that the wage continues to result in the employee being better off as compared to what the employee would have received under the Award;
review the base rates of pay provided under any enterprise agreement to ensure that it is at least equivalent to the new rates under the Award; and
engage and inform team members of changes and be available for questions.
Standard Candle HR is here to answer your questions, guide you towards compliance, and highlight helpful tips and tools. Call us today 1300 620 100.