Minimum Wages and Superannuation to INCREASE - What does this mean for you?
The Lawcast by MJT Law
Episode notes
NEWS 1: The Fair Work Commission has published that there will be a 2.5% increase for minimum wages.
NEWS 2: The Superannuation Guarantee rate is currently legislated to increase super by 0.5%, making it to 10% from 1 July 2021.
This will significantly affect payroll and would spark the way SME's consider reward and loyalty in a post-pandemic business world.
Keywords
wageminimum wagesuperannuationfair workincrease