The Fair Work Commission handed down its annual wage review decision on Friday 2 June 2023.

June 8, 2023 Compliance, Remuneration

Minimum Wage Increase

From the first full pay period on or after 1 July 2023, the National Minimum Wage will be adjusted. The new minimum wage will be $23.23 per hour, up from $21.38 per hour, an increase of 8.65%.

Modern Award Increase

In addition to the National Minimum Wage increase, Modern Awards will also be adjusted. From the first full pay period on or after 1 July 2023, the minimum wage in all Modern Awards will be increased by 5.75%.

We strongly advise you to review the relevant Modern Awards applicable to your business and ensure that you are meeting the new minimum rates and any increases to allowances and other entitlements.

If you pay above minimum award rates, pay annualised salaries or ‘flat rates’ of pay you should still ensure that these payments will satisfy your obligations under the relevant modern award once the increases apply.

Employers who pay in accordance with an enterprise agreement must ensure that the base rates of pay under their agreement are no lower than the increased relevant modern award rates of pay, particularly if the agreement was made several years ago.

Superannuation Increase

From 1 July 2023 the Superannuation Guarantee percentage will also increase, to 11%, up from 10.5%.

Next Steps

Employers should update payroll systems with the increases.

Employees should be made aware of any adjustments to their wage rates resulting from changes to the National Minimum Wage, the Modern Awards and the Superannuation Guarantee.

Please don’t hesitate to reach out to HR On Demand:

If you would like assistance with updating employment contracts, letters varying employment contracts or letters advising of salary increases
If you have recently completed salary benchmarking and would like the updated Modern Award rates
If you have concerns about the impact of the salary increase on your business

Email Address: hrondemand@talentcodehr.com.au
Phone: 1300 55 99 62
Set up a meeting: this link

John Toomey

05:36 27 Jul 19

Trudy and her team were extremely useful (and adaptable!) in tailoring and conducting a web-based workshop to suit our regional location. Our health-related business is only a couple of years old and small-scale, yet the clarification of mission, vision and values felt good and has renewed our sense of purpose. This will underpin the additional content we covered which was focused on 'greatness' and how to incorporate those attributes into further developing a great team.

Michael

21:39 28 Jul 19

Thanks Trudy! I was fortunate to see Trudy speak on Creating A Culture Of Accountability. I was left feeling proud of the team and what we together where achieving, however I new from what Trudy presented we all could be doing better. Trudy will make you think differently. Challenge you and your team to go from good to great. Trudy spent a day with the leadership team. Her professionalism, preparation, guidance and follow-up was second to none. Trudy clearly outlined how we could go to the next level and beyond, putting a framework in place which allowed the team to clearly navigate a more specific and robust MEASURABLE business plan. It was fun, engaging and defined our direction for the coming years. Don't hesitate utilizing Trudy's experience and passion to empower your leaders to become great as individuals and maximize each others strengths in your business creating a culture of accountability.

Jodie McNab

23:42 28 Jul 19

Our Company has been using Talent Code for the past 12 months. I highly recommend Trudy and Talent Code and consider them an invaluable business partner. Talent Code has worked with our senior managers to develop a new remuneration framework and Trudy has worked strategically with our board of directors to help set the 3 year plan for our Business. I have found Trudy and her team to be highly professional, personable and engaging.

Ian Head

23:14 28 Jul 19

We engaged Talentcode recently to assist us with structuring our business and most importantly defining greatness for our Employees and Managers. Trudy and her team were extremely professional and provided some outstanding ideas and resources for the company and our staff. Could not recommend Trudy and her team more highly, they have truly made a huge difference to our company in only the very short time we have been working with them.

Perry Lethlean

11:09 11 Aug 19

Trudy and her team have provided professional, strategic and insightful advice to our company over a number of years. This advice has varied from strategic business planning, to staff workshops and human resource issues. We would wholeheartedly recommend Trudy and her team.

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The Fair Work Commission handed down its annual wage review decision on Friday 2 June 2023.

The Fair Work Commission handed down its annual wage review decision on Friday 2 June 2023.

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