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The Fair Work Commission recently increased the National Minimum Wage and modern Award rates by 3.5%, which took effect on 1 July 2018. With a 6.8% increase in Award rates in the last 12 months, together with the new anti “wage theft” laws proposed by the Andrews Government for Victoria, it has never been more important to ensure you are not underpaying your employees.
While businesses are often painted in the media as ‘ripping off staff’ through underpayment of wages, in our experience most business’ are trying to do the right thing but get caught out on the complexities of determining the right wages. We urge all businesses to ensure you are up-to-date on your obligations and to avail yourselves of the wide range of free resources from the Fair Work Ombudsman and/or to seek advice from HR experts, such as Inspire HQ.
In a previous article “Minimum Wage to rise 3.5% – are you paying enough?” we talked about the different wage types. In this week’s infographic, we aim to simplify the process, by spelling out the different industrial tools and breaking down the components that make up a basic wage.
Have you considered how your current salary compares to others in similar roles within Regional Victoria? Visit www.regionalsalaries.com.au and compare your salary now, it’s free and anonymous.
Claire Huntington has over 15 years’ experience in senior and executive level human resource management and strategic leadership positions. Claire learnt HR under the wings of great mentors and through trial and error. She has a very practical hands-on approach to HR and management, and isn’t afraid to look outside the box. Claire is also mum to three primary-school aged firecrackers and is an avid photographer in her spare time.
Disclaimer: The material contained in this publication is of a general nature only. It is not, nor is intended to be, legal advice. If you wish to act based on the content of this publication, we recommend that you seek professional advice.