The Fair Work Commission delivered a pay rise to 2.2 million Australians on Thursday, as it confirmed it will raise the minimum wage by 3 per cent as of July 1, 2019.
The increased minimum wage will amount to $740.80 a week, or $19.49 an hour. That is $21.60 per week more than the current weekly figure. All modern award minimum wages will also increase by 3 per cent.
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Employer Obligations: Minimum Wage In Australia
Understanding minimum wages in Australia is one of the most important elements to maintaining an effective cost structure when running a business. There are certain standards set in place by the Fair Work Commission which dictates minimum grades of pay for different job roles across all industries, and if you aren’t fully aware of each of your employees’ minimum wages, you could find yourself underpaying them.