Are you aware that changes are happening from the 1st November 2020 to Award Wages, if you don’t you need to read below?
Did you know that the award minimum wages for Group 2 Modern Awards has actually increased by 1.75% from 1st November 2020? The increase in this wage will have a flow on effect to all businesses with loading, penalties, allowance and also overtime payments.
So as a business owner, you should take the steps to ensure wages are compliant with the November 2020 Modern Award increase.
I’ve noticed sometimes businesses never deliberately underpay, so normally it’s a lack of attention or oversight.
Remember to also review any of your ‘all-inclusive’ pay arrangements for employees covered by this Group 2 Modern Award. It’s important to know that employees who receive an all-inclusive salary, that the increase to the minimum rate may affect that of the all-inclusive salary, so make sure you check by going through the employee’s awards entitlements by reference to their actual hours of work.
Now if that sounds all too confusing, please give me a call on 0429 363 047 to have a look through.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
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