Are you prepared for the annual wage review

It’s coming up to that important time of year when the Fair Work Commission issues its annual wage review decision which applies to all private-sector businesses (i.e. national system employers).

This decision may result in an increase to the national minimum wage and to minimum rates of pay in modern awards.

Do you know what to do and how to apply increases?

It can be a minefield working through Fair Work Commission decisions and how they may impact your business. The annual wage increase decision impacts all employers and you need to ensure you apply the increase not only to adult wages, but also recognise that the increases flow on proportionately to junior employees, employees to whom training arrangements apply, employees with a disability and employees with basic piece rates of pay.

Our webinar will cover:

• the current industrial landscape including superannuation changes that will come into effect on 1 July 2023
• the annual wage review and its impacts on workplace agreements, contracts and IFAs
• the practical implications of the increase and its impact on allowances, national training wages and supported wage system
• what to do about your above award payments
• different approaches to structuring wages
• updates to compulsory superannuation legislation
• how the increases will interact with recent changes to the Fair Work Act
• what’s on the industrial relations horizon.