On Friday 19 June 2020, the Fair Work Commission handed down its latest decision regarding the National Minimum Wage. With the impact to business by COVID-19, the application of the increase has been varied with different industries set to apply the increases at different times. As an employer, you need to be across these changes and how they apply to your business.
1The Minimum Wage Decision 2020
The Fair Work Commission has determined that the minimum wage will increase by 1.75% and this is to apply to all award wages. The new national minimum wage will be $753.80 per week or $19.84 per hour.
The increase is to be applied at different times based on the industry group your Award falls under.
Group 1 – Commence increase from 1 July 2020
Group 2 – Commence increase from 1 November 2020
Group 3 – Commence increase from 1 February 2021
WHAT YOU NEED TO DO
If you need assistance auditing or reviewing your current rates of pay to ensure you are on top of all your obligations, contact the HR Staff n’ Stuff team for help.
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