Minimum wage changes
On Tuesday, June 6, 2017, the Fair Work Commission announced more than 2.3 million Australians are set to receive a wage increase of 3.3% this year. While many consider it to be a step in the right direction, some are outraged by the decision, claiming the change is simply not enough to support low-income earners. On the other side of the debate, many prominent business groups have stated their displeasure with the increase stating that it is ‘unnecessarily high’ and that it will ‘lead to further disincentives for businesses to employ’. Once the changes take effect, Australia will be ranked as the second-highest minimum wage paying nation in the developed world – with the new national minimum wage now reaching a total of $694.90 per week or $18.29 per hour. Need assistance with checking whether you are paying your employees correctly?
Lisa Lee, Human Resources