ARTIO sees bot­tom of the wage rise cy­cle

Australian Transport News - - News -

There are signs the rate of wage in­creases in en­ter­prise agree­ments ne­go­ti­ated in the road trans­port in­dus­try may have bot­tomed out, ac­cord­ing to the Aus­tralian Road Trans­port In­dus­trial Or­gan­i­sa­tion ( ARTIO).

Speak­ing in his ca­pac­ity of ARTIO sec­re­tary and trea­surer, Vic­to­rian Trans­port As­so­ci­a­tion ( VTA) CEO Peter An­der­son says a re­cent ARTIO re­view of hun­dreds of en­ter­prise agree­ments lodged in the Fair Work Com­mis­sion (FWC) in the road trans­port in­dus­try since the sec­ond half of 2011 show a slight uptick in the rate of wages growth in 2017 to date, com­pared with 2016.

“The ap­par­ent plateau­ing of wage growth fol­lows a steady de­cline in the rate of wages growth each year in the ve years to 2016,” An­der­son says.

He notes en­ter­prise agree­ments may also in­clude vari­a­tions re­lated to su­per­an­nu­a­tion and other con­di­tions, which can be used as a trade-o for wage in­creases, a ect­ing over­all re­mu­ner­a­tion and con­di­tions.

Other, more broadly based em­ploy­ment data, sug­gests a turn­around in the Aus­tralian labour mar­ket is un­der­way.

“Aus­tralian Bu­reau of Statis­tics gures show em­ploy­ment growth in Aus­tralia over the past year is at its high­est level for 17 years,” An­der­son says.

“For trans­port op­er­a­tors, this may trig­ger res­ig­na­tions to pur­sue bet­ter work op­por­tu­ni­ties else­where in sec­tors like build­ing and con­struc­tion, fur­ther trig­ger­ing de­mands for higher wage in­creases.

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