Are you up-to-speed with the minimum wage increase? In case you missed it, Fair Work has announced that the 2.5% increase will occur in three stages. So, what do you need to know?
- The increase doesn’t affect employees who already get paid more than the new minimum wage.
- Most awards will increase from 1 July 2021. Wages in the Retail Award will increase from 1 September 2021 and the rates in 21 other awards where Fair Work has deemed there were exceptional circumstances will increase from 1 November 2021. Some of the awards that will increase from 1 November 2021 are:
- Amusement Award
- Dry Cleaning and Laundry Award
- Fitness Award
- Hair and Beauty Award
- Hospitality Award
- Restaurant Award
Want to know more? For general information regarding the increase, click here to visit the Fair Work website.
Need advice specific to your business? Get in touch with Lisa (email@example.com) or Nick (firstname.lastname@example.org), or call (07) 46383599.