Award update and the national wage increase
The Fair Work Commission recently announced Australia’s minimum wage will increase from 1 July 2023 to $882.80 per week, amounting to an increase of 5.75%. The new national minimum wage will be $882.80 per week or $23.23 per hour based on a 38-hour work week.
As an employer there are several actions you can take to ensure your business is paying your employees correctly, aligned with the new rates, protecting employees and your business against financial and well-being risks.
