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Minimum wage to rise 3.5% – Are you paying enough?

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The biggest minimum wage rise since 2010 will see a 3.5% increase in the National Minimum Wage and modern award rates from 1 July 2018. The Fair Work Commission points to ‘healthy national economy and labour market’ in making decision to raise minimum wage to $719.20 a week.

With a 6.8% increase in last 12 months (including the 2017 increase), the question is, are you paying your employees enough?

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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.

Find more useful information and advice at www.inspirehq.com.au or by following Claire on LinkedIn

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.

 

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