The Fair Work Commission (FWC) has made the decision to increase the minimum wage by 3.5%. This will increase the minimum Australian wage to $719.20 per week, and the hourly rate to $18.93 per hour. This will add up to an extra $24.30 per week for an employee on the minimum wage.
This increase will apply from the first full pay period on or after 1 July 2018.
Any employee who is getting paid the legal minimum under a Modern Award will get a pay increase. It is employer discretion to increase the rate of pay, if they are getting paid above the new minimum.
What should I do?
This may be an ideal time to check with Kane Independent Consulting that your employee classifications are correct. Otherwise, Kane Independent Consulting will provide you with up to date pay rates as the FWC releases further information.