Minimum wage to rise 3.0% – Are you paying enough?

The Fair Work Commission has announced a 3.0% increase to minimum wages. The new national minimum wage will be $740.80 per week or $19.49 per hour. The increase applies from the first full pay period starting on or after 1 July 2019.

With over 12% in wage increases since 2016, if you have not reviewed your employee’s remuneration for a number of years, you may be at risk of under paying wages.

As outlined in our infographic below, the minimum wage increase can have a domino effect across all the various wage arrangements. If you want to know if you are paying enough, our blog explaining the basics on how to break down a wage is a great place to start.

If you have any questions or would like us to undertake a Payroll Audit for you, please contact Claire on 0429 843 433 or claire@inspirehq.com.au.

 

2019-minimum-wage-increase-infographic

 

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.

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