The Fair Work Commission Minimum Wage Panel today awarded a 3% increase to the national minimum wage. The new minimum wage of $640.90 per week or $16.87
per hour will be effective from 1 July 2014.
This will see a full time employee working a 38 hour week receive an increase of $18.70 per week (or 50 cents per hour).
The Commission noted that the increase in the superannuation guarantee to take effect from 1 July 2014 had a moderating impact on its decision to increase the minimum wage.
It is important the employers seek advice as to the applicability or implementation of the increase. All too often employers are under the misguided belief that they “pay above the award” and wage increases don’t affect them.
For further information or advice, please contact Skye Engwerda on (03) 5480 6344 or by email at