#Minimum Wage Increase
Brace for these changes that may affect your business starting July 1
Here is a summary of the major changes that will take place and are likely to affect business owners:
Will the wage increase push SMEs into the unknown? Here’s what a survey tells
With the inflation rate of 5.1 per cent, which is at a 20-year high, it's evident that SMEs' ability to meet their goals this year is in jeopardy.
Minimum wage increases by $21.60 a week
The Fair Work Commission has decided on a three per cent increase in the national minimum wage from July 1. Australia’s lowest paid workers will get a smaller pay rise this year of three per cent, but the industrial umpire says it will help improve their living standards. The national minimum wage will rise by […]
The highest minimum wage increase since 2011… what does this mean for small businesses?
The Fair Work Commission today delivered its annual wage review. This decision will have a significant impact on all businesses and industries and over 2.3 million employees who are paid at the National Minimum Wage or minimum Modern Award rates. From the first full pay period commencing after 1 July 2017: all Modern Award rates will increase by […]