The Fair Work Commission has announced a 2.5 percent increase in the minimum wage and related award minimum wages. Effective from the first full pay period after 1 July 2021
The National Minimum Wage will be $772.60 per week or $20.33 per hour. The hourly rate has been calculated by dividing the weekly rate by 38, on the basis of the 38-hour week for a full-time employee.
This constitutes an increase of $18.80 per week to the weekly rate or 49 cents per hour to the hourly rate.
|1|| ||1 July 2021|
|2|| ||1 September 2021|
|3|| ||1 November 2021|
Following this wage increase, employers will be required to:
- Review the wages of their employees;
- Ensure that processes are in place to implement the required changes;
- Consult with employees to ensure that they are aware of changes that apply to them.
The increase doesn’t affect employees who already get paid above Award pay rates, but it’s a good time to check that you are still paying above Award rates by conducting a payroll audit.
If you currently pay above National Minimum Wage or Modern Award rates of pay you’re not obliged by this decision to increase their rates of pay, but you need to make sure that their rates remain equal to or higher than the applicable Award rates of pay once the increase is applied.
If you have any Individual Flexibility Agreements, you will need to reassess those agreements to ensure employees remain “better off overall” when compared to the newly increased Modern Award rates.
If you pay any of your employees an annual salary, you will need to conduct an audit of those annualised salaries against the new Award rates and working patterns to ensure the annual salary compensates for award entitlements.
The team at Fresh HR Insights Pty Ltd is available for any queries and will be in touch in due course for all our current active clients that are paying annualized salaries about getting this re-checked.
For those that we have not worked with us some time, we would love to have you come back on board and join us. We have over the past few months implemented a CRM system that also has file storage and internal messaging service. This means there are no more files being sent by email but instead stored where you can access them. We love it and so will you.
A reminder how our support hours work.
How our Hours work for support (Our Bespoke and most popular service)
I keep track on a spreadsheet of the hours for you to see whenever you need to so that you know where you are and what you are receiving for the cost. Full Transparency. This includes time, reason, person, form (email, phone, etc), and the outcome. Hours are purchased in advance and invoices for more hours as they run out are sent along with the tracker. Trackers can also be available as requested.
You can use us as little or as much as you want, and the hours do not expire.
What it does not include
It does not include BOOT testing (Better overall testing for increased rates), specific training event development and travel (over a 50km radius from our office which is charged at .75c KM and at the hourly rate), flights, accommodation and hire cars outside of South East Queensland.
Our hours are set out as per the below.
>10 Hours $2,250.00 + GST investment charged as above with a 10% discount
>15 Hours $3,187.50 + GST investment charged as above with a 15% discount
>20 Hours $4,000.00 + GST investment charged as above with a 20% discount
>30 Hours $5,625.00 + GST investment charged as above with a 25% discount
- Economy – Support for the documents you already have in place
- + 2 hrs support a month.
- Economy plus – ideal for 1 – 10 employees
- + 3 hours support a month.
- Business Class – ideal for 11 – 20 Employees
- + 4 hours support a month.
- First Class – The ultimate support for all business sizes
- + 5 hours support a month.