National Wage Increase
The 2017 National Wage review decision is a 3.3% increase to minimum Modern Award rates and/ the minimum wage. The increase is payable on the first pay period on or after the 1 July 2017.
The relevant part of the decision is as follows;
“We have determined that it is appropriate to increase the NMW and the factors identified in our decision have led us to award an increase of 3.3 per cent. The national minimum wage will be $694.90 per week, or $18.29 per hour. The hourly rate has been calculated by dividing the weekly rate by 38, on the basis of the 38-hour week for a full-time employee. This constitutes an increase of $22.20 per week to the weekly rate or 59 cents per hour to the hourly rate.
Having regard to the proposed NMW and the other relevant considerations, we also consider that it is appropriate to adjust modern award minimum wages. We have also decided to increase modern award minimum wages by 3.3 per cent. Weekly wages will be rounded to 10 cents.”
The decision is unexpected and is providing a significant increase during a low inflationary period.
The increase is absorbable in an amount in excess of the minimum award rates for employees. If your company has an enterprise agreement that increase wages in accordance with the National wage review, the wage rates will need to be adjusted in line with this decision. Please contact our office if you require assistance with the adjustment of wages.
The Drayton’s Salary Survey for QLD , NSW and Victoria is now available. The survey captures the surveyed rates for the on-site supervisory and professional staff in the civil construction industry. The survey can be purchased for one state or as a combined package. A circular explaining the survey is attached.
If you would like more information, please do not hesitate to contact our offices on 07 3831 7099 or email email@example.com