The Fair Work Commission will live stream the handing down of the Annual Wage Review 2022–23 decision at 10am AEST on Friday, 2 June 2023.
Each financial year the Commission reviews and sets minimum wages. New minimum rates of pay are then reflected across Modern Awards, typically (pre-COVID) these increases are effective 1 July (or the first full pay cycle after 1 July).
Last year 2021/2022 there was a 4.6 per cent, subject to a minimum increase for adult award classifications of $40 per week, increase.
We will share the more information once announced on Friday.
How can we help?
As specialists in human resource management and industrial relations, Essential HR assists Australian businesses navigate their way through the complexities around employing people.
To learn more how we can assist your workplace stay up-to-date and compliant by visiting our website at: www.esshr.com.au.
This information is of general guidance only and is not legal advice. Readers are encouraged to consider this information in their own context and with independent advice.