At Diverse, we want to do everything we can to help you stay compliant with Fair Work’s Industry Awards.
We’re reaching out today to let you know about some changes you might need to know about, that will be effective beginning the first full pay cycle on or after July 1, 2018.
The first change is a 3.5% increase to the national minimum wage. This means that any business currently using a modern award and paying minimum wage will need to update their base rate in order to remain compliant.
The second change will affect your business if you are currently paying your employees under one or more of the following Fair Work Industry Awards:
The most notable changes in these awards is the reduction to Sunday penalty rates (in some cases up to 15%).
For further information about the changes to overtime, please refer to the Fair Work website.
If you require any assistance making the above changes in your payroll system please contact us.