Are You Prepared For Minimum Wage Increase Australia 2022?

The Fair Work Commission has announced that workers on the minimum wage will receive a 5.2% pay rise from July 1.

The Fair Work Commission’s decision means that roughly 184,000 people on the minimum wage will have their hourly wages lifted from $20.33 to $21.38 – the equivalent of an extra $40 per week. Furthermore, 2.6 million workers on modern award minimum wages will receive a 4.6% rise.

From July 1, new minimum wages will be introduced across Australia. However, not all industries will receive their pay rise on that date. Aviation, hospitality and tourism workers will have to wait until October for their increase after the Fair Work Commission deemed that “exceptional circumstances” related to the economic impact of the pandemic on those sectors warranted a delay.

The Fair Work Ombudsman’s website provides a variety of examples showing how the increases will work in practice. The site also lists the Awards for industries that won’t increase until 1 October 2022.

From July 2022, employers will have to contribute superannuation to their employees’ super funds regardless of how much the employees are paid. Employers must still satisfy other super guarantee eligibility requirements.

It is a good idea to review and update your employment agreements to reflect the fact that the superannuation guarantee rate will increase to 10.5% from 1 July 2022.

Our parent company, Australia Migration Services, is a migration firm that specializes in all visa-related matters. It has processed numerous employer-sponsored visas for candidates and employers to reach a common ground.

We advice you to speak to one of our MARA registered migration consultants who will provide you with a clear, step-by-step analogy of pathways to sponsor your ideal candidate.

If you have queries relating to the above, or need urgent assistance, please call us on 03 9092 1688 or email us at info@aabd.com.com.au.

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