Annual Wage Review 2023 – What you need to know

The Fair Work Commission has announced it will hand down its Annual Wage Review decision on Friday 2 June 2023. This decision will apply to all private-sector businesses (i.e. national system employers).

Following Friday’s decision, we will communicate this decision to you, as it will result in an increase to the national minimum wage and to minimum rates of pay in Modern Awards

It can be a minefield working through Fair Work Commission decisions and how they may impact your business. 

The annual wage increase decision impacts all employers and you need to ensure you apply the increase not only to adult wages but also recognises that the increases flow on proportionately to junior employees, employees to whom training arrangements apply, employees with a disability and employees with basic piece rates of pay.

The South Australian Business Chamber Members — Join us for an informative webinar!

The South Australian Business Chamber Members can join us for an informative webinar on Tuesday 20 June 2023 at 10:30am to 12 noon.

Register here now

Attendees will hear from our resident Industrial Relations experts, Senior Consultants Kathryn Rees and Lisa Casella who will cover the current industrial landscape including superannuation changes that will come into effect on 1 July 2023 plus:

• The Annual Wage Review and its impacts on Workplace Agreements, Contracts and IFAs

• The practical implications of the increase and its impact on allowances, national training wages and supported wage system

• What to do about your above Award payments

• Different approaches to structuring wages

• Updates to compulsory Superannuation legislation

• How the increases will interact with recent changes to the Fair Work Act 

• What’s on the industrial relations horizon

Need more information before the webinar? the South Australian Business Chamber Members can call our Business Advice Hotline on (08) 8300 0000 (select option 1)