Fresh HR Insights July Newsletter is now out Here is some of what is included – click here to see the full Newsletter Fresh HR Insights July Newsletter
IMPORTANT CHANGES THIS MONTH THAT YOU NEED TO KNOW
Minimum wage rates in modern awards increase by 3% from first full pay period commencing on or after 1 July 2014 (rounded to the nearest 10 cents);
‚ó¶National minimum wage ⠬ increased by 3% to $640.90 per week, or $16.87 per hour;
‚ó¶Default casual loading ⠬ increased to 25% (from 24%);
‚ó¶National minimum wage for juniors, apprentices, trainees and piece workers ⠬ most rates are expressed as a percentage of a nominated adult rate so they receive a proportionate increase to the adult rate; and
‚ó¶Supported Wage System ⠬ employees with a disability ⠬ these employees are paid a percentage of the relevant adult wage, based on their assessed capacity. The 3% increase will also flow through to these employees. The minimum weekly payment (currently $78).(SPECIAL OFFER РIf you need a letter done then we have a great offer for the month of July of $15.00 +GST per letter created. All we need is your employee name, full address, old wage rate, new wage rate and presto you have a letter. РThis offer expires on the 30th July as by this time you should be paying at the new rates)Superannuation РFor the year 2014/15, employers are required to pay 9.5% of the ordinary time earnings of their employees (including part-time and casual employees) who are aged over 18, and who are paid $450 (before tax) a month, into a complying superannuation fund or retirement savings account. The increased percentage amount applies to any ordinary time earnings paid to an employee from 1 July 2014.
‚ó¶National minimum wage ⠬ increased by 3% to $640.90 per week, or $16.87 per hour;
‚ó¶Default casual loading ⠬ increased to 25% (from 24%);
‚ó¶National minimum wage for juniors, apprentices, trainees and piece workers ⠬ most rates are expressed as a percentage of a nominated adult rate so they receive a proportionate increase to the adult rate; and
‚ó¶Supported Wage System ⠬ employees with a disability ⠬ these employees are paid a percentage of the relevant adult wage, based on their assessed capacity. The 3% increase will also flow through to these employees. The minimum weekly payment (currently $78).(SPECIAL OFFER РIf you need a letter done then we have a great offer for the month of July of $15.00 +GST per letter created. All we need is your employee name, full address, old wage rate, new wage rate and presto you have a letter. РThis offer expires on the 30th July as by this time you should be paying at the new rates)Superannuation РFor the year 2014/15, employers are required to pay 9.5% of the ordinary time earnings of their employees (including part-time and casual employees) who are aged over 18, and who are paid $450 (before tax) a month, into a complying superannuation fund or retirement savings account. The increased percentage amount applies to any ordinary time earnings paid to an employee from 1 July 2014.
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