16 Jun NATIONAL WAGE INCREASE
The Fair Work Commission (FWC) has announced an increase of 2.5 per cent to the National Minimum Wage (NMW) from 1 July 2021.
The NMW will be $772.60 per week or $20.33 per hour. The hourly rate has been calculated by dividing the weekly rate by 38, on the basis of the 38-hour week for a full- time employee. This constitutes an increase of $18.80 per week to the weekly rate or 49 cents per hour to the hourly rate.
Award rates pertaining to our industry will also increase by 2.5% from the first full pay period on or after 1 July 2021. However, the General Retail Award increase will be from 1 September 2021.
TTIA will send out updated summary sheets to Members shortly.
Please Note: Superannuation Guarantee will increase to 10% from 1 July 2021.