The FWC hands down minimum wage decision

The Fair Work Commission has made its decision on the national minimum wage - how will it impact your workforce?

The FWC hands down minimum wage decision
The
Fair Work Commission (FWC) has increased the national minimum wage by 2.4% to $672.70 per week, with the minimum hourly rate rising to $17.70 per hour. The announcement was made today as part of the FWC Annual Wage Review 2015/16.

The increase is slightly below that of last year, which saw a minimum wage rise of 2.5%. The new weekly wage is $15.80 more than it currently stands at $656.90, while the new hourly rate marks an increase of 41c from $17.29.

The new minimum wages will be implemented as of July 1.

The announcement will disappoint some, with the ACTU seeking an increase in the weekly minimum wage of $30. On the other hand, some business groups suggest a rise of up to $10.50 would be fair.

More than 1.8 million people are on the minimum wage in Australia. The FWC expressed a positive outlook for the Australian economy, which has provided the opportunity for this steady increase for the nation's lowest-earning workers. The FWC added that it did not expect the increase to have a measurable impact on employment, and emphasised social inclusion 


 

Recent articles & video

HR sector primed for pay rises as job demand outstrips supply

Fair Work ruling on Deliveroo case poses questions for gig economy

Back to office workers show super low morale

Fun Friday: Trending career hashtags on TikTok

Most Read Articles

Australian HR Awards 2021: HRD reveals this year’s excellence awardees

Facebook gives staff option to go fully remote

Can employees be ‘dismissed’ without being fired?