Award & compliance changes
Ratescalc.com is an Australian made, world class, multi award winning application that manages pay rates, modern awards, margins and compliance. Our team at Ratescalc.com are subject matter experts on workplace agreements, awards and legislative changes which ensure compliance and minimise risk to business. Ratescalc.com are industry experts and the CEO and founder Col Levander has over 30 years’ experience in the field of awards & rates within the APAC staffing industry. He is well known and well regarded for his knowledge and approach with a down to earth attitude. Ratescalc.com are in the business of mastering awards, agreements, rates and compliance and share with the ‘Brief’ recent industry updates and information.
Awards & Compliance changes
On the 15th of June 2021, Fair Work Australia announced its annual wage review advising Australian industry of an of increase of 2.5% to the national minimum wage. This also applies to all award wages with the award increases happening in 3 phases:
o July 1st - Ninety-nine (99) Awards will be affected
o September 1st - One (1) Award will be affected
o November 1st - All remaining twenty-one (21) Awards will be affected.
For a full breakdown of the staged tranche release click here
July 1 also brings an increase to the Employer contributed Superannuation guarantee from 9.5% to 10% which is the first incremental increase of a staged approach which will lift the overall superannuation guarantee to 12 % by 2025/26.
All staffing organizations need to ensure this is communicated to their clients and candidates and ensure that their payroll processing systems are aligned to this increase.
For more information on how you can easily manage awards, agreements and pay rates and introduce operational excellence with your daily operational systems visit www.ratescalc.com
To book an appointment for a demonstration to see how the application can save your business click here