Wages Are On The UP! What you need to know.
Hello and welcome to Episode 169 of the People Powered Business Podcast.
This week we have a brief but important technical update for you after the Fair Work Commission announced its decision around the National Minimum Wage increase effective 1 July.
This year has seen the most significant increase in the history of the Fair Work Act with a 5.75% wage increase being applied to the National Minimum Wage and all Modern Award Minimum Wages effective 1 July 2023.
In addition to the wages increasing, all of the allowances in the Awards will also increase, so you need to keep a close eye on that.
If you pay staff Award rates, or if you have IFA’s or AWA’s in place, this is time to review.
If you’d like to connect with other businesses who are also juggling the challenges of teams, I’d love you to join us inside our free Facebook Group, HR Support for Australian Businesses, so I can learn more about what’s working for you and any challenges you might be having.
Join Here.