Jun 4th, 2018
The Fair Work Commission (FWC) has announced its annual wage review for 2018.
The FWC decided a 3.5% increase will come into effect from the first full pay period commencing on or after 1 July 2018. The $24.30 per week increase awarded to Australia's lowest paid workers falls between the ACTU's push for an extra $50 and Australian Industry Group's $12.50 per week.
The increase will mean the following;
- The weekly rates of pay in the modern awards will increase by 3.5%, rounded to the nearest 10 cents, with commensurate increases in hourly rates on the basis of a 38 hour week.
- The casual loading for award/agreement free employees will remain at 25%, and
- The national minimum wage will increase from $694.90 per week ($18.29/hr) to $719.20 per week ($18.93/hr).
The increase applies to minimum wages for junior employees, employees to whom training arrangements apply and employees with a disability. Wages in the National Training Wage Schedule will also be adjusted by 3.5%.
What happens now?
All employers should check employee rates of pay and conditions to ensure they are meeting their minimum wage obligations following the annual wage increase.
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