Do you pay some or all of your employees the minimum wage or award rates?
The Fair Work Commission are introducing a 2.5% increase to minimum wages from 1 July, 2015.
The new national minimum wage will be $656.90 per week or $17.29 per hour. The minimum wage applies to employees who aren't covered by an award.
MOST employees are covered by an award! Award rates will increase by 2.5%
What do you need to do?
- You will need to review wages of all employees who are paid award rates or even currently paid slightly above the award
- You will need to check your award(s), determine the new minimum rates for the applicable employees and ensure they are paid their new rate as of 1 July, 2015. If you have already processed a pay run covering from 1 July with the old minimum rates, you will need to make an adjustment in the next pay run to reflect the new rate being paid from 1 July 2015.
Not sure which award(s) apply to you?
- Look up the Fair Work Ombudsman website on the following link: http://www.fairwork.gov.au/awards-and-agreements and search for the award relevant to your industry.
- Still not sure? Speak to an experienced Human Resources Consultant.
If you have queries or need help, please contact me on 0499 119 294 or sarah@hrsavvyconsulting.com.au