Salary benchmarking is a useful tool to add to your salary review process to ensure your business remains competitive in the market. The data from salary benchmarking will help to retain your team members by ensuring salary is paid at a competitive market rate and helps to ensure the team is paid equitably.
Creating Annualised Salary Statements is one of those tasks where we can assist navigating the changes and requirements
The Fair Work Commission has announced the minimum wage increase for 2020 which applies to all Modern awards. Minimum wages across all awards will increase by 1.75% with varying effective dates depending on which award employees are covered by.