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Workplace Relations and Safety Minister Brooke van Velden has announced that minimum wage rates will increase from 1 April 2024. The adult minimum wage will go up by $0.45, bringing the minimum wage up to $23.15 per hour, a “cautious” 2% increase in order to keep in line with inflation.
If you have staff on minimum wage, talk to whoever runs your payroll system to make sure they’re ready for the changes. Even if you don’t have staff on minimum wage, now is a good time to review their remuneration to ensure you remain competitive. If you do make any changes to wages, recalculate your budgets for the rest of the year.
Need further help with anything minimum wage or remuneration related? Talk to your local Baker Tilly Staples Rodway advisor.
DISCLAIMER No liability is assumed by Baker Tilly Staples Rodway for any losses suffered by any person relying directly or indirectly upon any article within this website. It is recommended that you consult your advisor before acting on this information.
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