On 2 June 2015 we advised you of the outcome of the Annual Wage Review for 2015. Now that the dust has settled, here are some things to consider as 1 July 2015 fast approaches.
The Fair Work Commission has posted draft determinations for each of the Modern Awards on its website. Parties had until 11 June 2015 to make enquiries or suggest amendments. The determinations will now be confirmed in the next week. This occurred on 18 June 2015.
The Pay and Conditions Tool found at the Fair Work Ombudsman’s Website will be updated once the Award rates are finalised but that will only occur very shortly before 1 July 2015. If you need rates calculated in advance of that date, we are able to assist you.
Now that we have alerted you that many rates are going up, we thought we should highlight what rates might not increase.
So who doesn’t automatically get a pay rise?
Sorry, but no. You will still need to review your wage arrangements for each individual employee and double check that the 1 July increase does not impact on any of your employees’ remuneration.
And you need to make sure that the wording of your employment contracts are not affected by the increase as well.
In addition, if your employment contracts contain an obligation to review your employees’ wages on an annual basis, you are obliged to undertake that review, even if you ultimately decide that you will not increase anyone’s remuneration.
The end of the financial year is not far away, so don’t leave it too much longer!
For more information please contact:
Joanna Andrew, Partner
Ph: (08) 8414 3454
Elizabeth Olsson, Senior Associate
Ph: (08) 8414 3413
The contents of this E-Alert is for general information only. It is not intended as professional advice - for that you should consult a solicitor or barrister, or any other suitably qualified professional such as your accountant.
Practice Area: Employment