Recruitment

Recruitment: Reminder that minimum rates of pay have gone up

Sheep Central, August 22, 2014

 

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sheep handlingMANY sheep and wool industry employers would be aware of the minimum wage decision that was handed down prior to the end of the last financial year, but it’s possible that others may have missed the development.

The changes contained in that decision are to have taken place from the first pay period after 1 July 2014. For those who are unaware of the adjustment, this article serves as a reminder to get on track with paying employees the correct wage, as it is important to remain compliant with your legal obligations as an employer.

The decision was handed down by the Fair Work Commission Minimum Wage Panel on the July 5, 2014. It means that the national minimum wage will go from $622 per week to $640.90, or $16.87 per hour. The rise represents an increase of about 3 percent.

All employees that are reliant on award rates of pay will be affected by the decision.

As an employer there are a number of things that you need to check, depending on your situation. In summary, these are:

If you have employees on the minimum rate of pay, you will need to ensure that you have increased their rate of pay from the first pay period after 1 July, 2014.

Employees covered by specific modern awards will also be eligible for pay rises and employers should check the current rates of pay to ensure that they are paying the correct amount. Checks should also be made in relation to allowances.

For employees that are paid above award wages, employers will need to check that that their wages still remain above award, the same goes for employers that have negotiated workplace agreements.

If you are unsure about how these changes affect you as an employer, you can contact the Fair Work Commission for clarification: www.employerline.com.au

 

Source: Danica Leys, AgChatOZ

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