That’s right, its wage update time again! The end of the financial year is swiftly approaching and it brings with it an obligation for employers to review their rates of pay and ensure that they are compliant.
Today we are expecting the Fair Work Commission to deliver its 2015 minimum wage order. The order will include a determination about whether an increase will be applied to the rates of pay in modern awards and to the federal minimum wage. For businesses across the country this will mean updating payroll systems and making sure rates of pay are correct. Any changes announced by the FWC are expected to take effect from the first full pay period on or after 1 July 2015, so employers should start getting ready now.