Minimum wages will be increasing by 3.3% on 1st July 2017
By
Key Business Advisors
Human Resources News
Following the 2017 Annual Wage Review, the Fair Work Commission has announced:
- A 3.3% increase to minimum wages
- The increase will apply to base rates of pay from the first full pay period starting on or after 1 July 2017
- The new national minimum wage will be $694.90 per week or $18.29 per hour
Who does the increase apply to?
The increase applies to employees that get their pay rates from the national minimum wage, a modern award or in some cases a registered agreement.
The national minimum wage applies to employees who arenโt covered by an award or agreement.
Most employees are covered by an award. Award rates will increase by 3.3%. If you are not sure which award applies to your employees, please contact us.
If youโre covered by a registered agreement, you should check it to see whether this increase affects you.
The increase doesnโt affect employees who are already getting paid more than the new minimum wage.
For assistance with meeting your minimum wage compliance obligations, please contact the HR Team at Key Business Advisors on 1300 4 ADVICE.
