Millennials. It’s a word that strikes terror into the heart of many employers! But this demographic will form 75% of the workforce by 2025 so its vital businesses know how best to harness the skills and talent of this group.
Millennials are a complex creature so let’s take a look at a few areas you can consider in your business that will help engage and retain the talent that will drive the best results for your business.
Sham Contracting – is it really a big issue? The Federal Government recently announced that the Fair Work Ombudsman will receive $2.3 million each year for the next four years to establish a unit dedicated to addressing the problem so yes, it is considered a major problem. But what is sham contracting and how do you make sure your business isn’t involved in it?
The Fair Work Commission has handed down it’s decision last week with a 3% increase to the National Minimum Wage, together with all Modern Award minimum rates of pay. While the ACTU was calling for a $43.15 a week increase, a 3% increase delivers a $21.60 pay rise to Australian Workers.
As an employer, you now have some jobs to complete to be in line with these changes.
The HR Staff n' Stuff team all contribute to our blogs. Enjoy the read!