The Fair Work Commission last week completed its 2017-18 Annual Wage Review of the national minimum wage and minimum wages in modern awards.
Here’s what you need to know to get your affairs in order before the wages increase on 1 July 2018:
This wage increase is the highest we’ve seen since 2011 and will have a significant impact on employers of all sizes. It is therefore timely for employers to review their employment agreements to ensure they are compliant with the national minimum wage and minimum wages in modern awards.
We regularly assist clients across all industries in reviewing their payroll and HR documentation to ensure they reflect the rates of pay under relevant modern awards. This is a useful exercise for all employers and will mitigate the risk of underpayment claims, which have the potential to expose your business to penalties under the Fair Work Act 2009 (Cth). If you would like us to review your current arrangements, feel free to contact us.
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