The Fair Work Commission (FWC) has released changes to award wages and allowances, taking effect from 1 July 2017, as part of their Annual Wage Review.
As part of the recent and highly publicised review, the FWC announced an increase in the national minimum wage of 3.3%, raising the hourly rate by 59 cents per hour. This takes the minimum wage for a full-time employee from $17.70 per hour to $18.29 per hour (an increase of $22.20 per week). This is expected to affect an estimated 2.3 million workers.
To ensure business owners are across the minimum wage changes and meet their legislative requirements we recommend:
- Reviewing, updating and reissuing staff contracts; and
- Analysing their current wages and amending any identified discrepancies.
This decision coincides with the conclusion of the FWC’s four yearly review of modern awards and penalty rates as mentioned in our Sunday and Penalty Rate Cuts Announced article.
If you require more information, wish to have your payroll reviewed or would like a referral to an employment law specialist please contact your usual Hanrick Curran adviser or alternatively, HR Manager, Sandra Delpeyrou or Associate, Simone Gordon on 07 3218 3900.
Please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice.