Now is the time to review employment agreements before the annual wage review

South Australian Business News  •  Business Advice
Elisa Luck
Tuesday, May 21st 2024

With the Fair Work Commission shortly announcing the National Minimum Wage increase to minimum award wages, it’s a good time to ensure you are paying your employees correctly. As an employer, you need to consider what employment contracts or individual flexibility agreements (IFAs) you have in place with your staff. 

When was the last time they were reviewed? 

If your employment contracts or IFAs have been in place for more than a year or two, the South Australian Business Chamber recommends you review the arrangement to ensure that:

  • it still meets your needs;
  • the employee is still better off under the employment contract or IFA than they would otherwise be; and
  • the employment contract or IFA is still compliant with the Award. 

Do you want to learn about the annual wage review and how it will impact you? Join our webinar and hear from our resident Industrial Relations experts who will cover the current industrial landscape, including superannuation changes, that will come into effect on the full first pay period on or after 1 July 2024.

Register here

How We Can Help:

You can’t afford to get it wrong! The South Australian Business Chamber’s team of Consultants are experts in industrial relations and can work with you to conduct an audit of your payroll system. 

Our team of Workplace Advisors are also on standby to provide you with advice on rates of pay, Modern Award classifications and more. 

Contact our Business Advice Hotline on (08) 8300 0000 (select option 1) and we will make sure you are not at risk of a costly underpayment. 

Author

Elisa Luck

General Manager, Programs and Consulting
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