Increases to annual minimum wage
Fair Work Commission has increased the national minimum wage and modern award minimum wages by 4.75 per cent in its Annual Minimum Wage decision announced today.
4.75 per cent increase to the national minimum wage and modern award minimum wages
How much is the minimum wage increase for my trade employees in 2024?
Affects all trade businesses including plumbers, electricians, builders, and HVAC technicians who employ award-rate workers. Will increase labour costs and may require adjustment to quotes and pricing.
Key takeaways
- Fair Work Commission has announced a 4.75% increase to minimum wages effective from today
- The increase applies to both national minimum wage and modern award minimum wages
- Trade businesses will need to adjust payroll for award-rate employees
- Labour costs will rise for businesses employing apprentices and award-covered workers
Related
FWC's Clerks Award WFH decision is a solution to a problem that doesn't exist
The HIA welcomes FWC's rejection of a mandated WFH right but criticises the new WFH clause added to the Clerks Award as unnecessary. HIA says the clause addresses a problem that doesn't exist in the industry.
Why it matters: Builders and construction firms employing office/admin staff under the Clerks Award may face new WFH obligations. Could affect how admin roles are managed day-to-day.
Fines rise after dodgy job ads spruik below-minimum rates
Fines for job ads offering below-minimum wage rates have risen 18% in the past year. Repeat or serious offenders face potential court action from regulators.
Why it matters: Affects all trade employers including builders, plumbers and electricians who post job ads. Illegal wage rates in ads can now trigger fines or court action.
Melbourne plumber allegedly paid migrant worker no wages for a year of work
Fair Work Ombudsman has launched legal action against a Melbourne plumber accused of paying a migrant worker nothing for a year of work, withholding over $35,000 in wages and falsifying records.
Why it matters: Plumbers and all trade business owners must comply with Fair Work laws. Underpaying workers, especially migrants, can result in serious legal action and penalties.