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There are certain changes about to take place that employers need to be prepared for, most significantly the National Minimum Wage and minimum Award wages will increase as of 1 July 2023.
Of particular note for employers, is the Super Guarantee that will increase from 10.5% to 11% on 1 July 2023. The increases will continue by 0.5% each July until 2025 when it will reach 12%.
The paid parental leave scheme is also changing. From 1 July 2023, employees are entitled to 20 weeks paid parental leave, up from 18 weeks’ leave.
Source: Fair Work Commission, Get set for a minimum wage increase, 2 June 2023. Read more here
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