Westpac has some bad news for Australian workers hoping for a decent pay rise. While wage growth may start to pick up in the quarters ahead, Westpac says there is very little for workers to get excited about.
Tagged With wages
The Australian Bureau of Statistics (ABS) has released its average weekly earnings report which does exactly what it says on the tin. By taking the average weekly earnings and multiplying them by 52, it's possible to work out the average annual wage in Australia. Here's how much you should be earning.
Australia’s national minimum wage should become a “living wage”, according to a new campaign from the Australian Council of Trade Unions (ACTU). But what exactly is a living wage?
Feeling like you might be underpaid can be one of the most disheartening aspects of work. According to a recent survey from Glassdoor, a whopping 39 per cent of employees believe they are not receiving fair pay in their current job. But it’s hard for them to be sure.
Here are 15 signs you’re paid less than you should be.
Last month, the Fair Work Commission elected to reduce penalty rates for Australia's hospitality and retail staff. In the hospitality award, the penalty rate for full-time and part-time employees will be reduced from 175 to 150 per cent. Retail workers and those working at pharmacies will see their Sunday double time reduced to 150% of their hourly rate.
The justification among business owners is that unemployment is higher than it needs to be and high wages reduce options for businesses and consumers. However, many of the arguments employers make are not supported by the evidence.
Dear Lifehacker, I have recently taken on a new job and began frequenting a nearby cafe. The cafe employs a lot of people from overseas and after talking with a few of them, I discovered they are being grossly underpaid, and mostly paid cash in hand. They are all in Australia on either student or sponsorship visas and are concerned that if they speak up, they will be deported from the country. Is there any way I can anonymously report the cafe to Fair Work Australia for this?
Two big claims underpin the decision to cut penalty rates for Sunday workers in the retail and hospitality sectors: that they are no longer needed or relevant, and that they cost jobs. Since 2014, employers have been battling to have these penalty rates cut based on the aforementioned augments. Now that their wish has been granted, let's see how the claims stack up.
As you've doubtlessly heard by now, the Federal Government has agreed to slash Sunday penalty rates for hundreds of thousands of Aussie workers. If you work in hospitality, entertainment or retail you're probably feeling a bit miffed right now. But how will the changes affect your take-home pay? Here are the answers to all your questions.
If you can't remember the last time you received a pay rise, it might mean you suck at your job. Alternatively, you can blame Australian wage growth, which has fallen to the lowest level on record. The latest wage price index from the Australian Bureau of Statistics shows just how bleak things have become.
Fast food chain Red Rooster has been ordered to repay more than $640,000 to staff members after a self-audit revealed approximately half of its workforce had been underpaid in 2011 and 2012. The affected staff members will now receive up to $3030 in backpay. The "takeaway" of this story is that you should always contact the Fair Work Ombudsman if you think you're being underpaid.
Myer CEO Bernie Brookes was in the news yesterday, complaining that it's too expensive to employ staff because holiday agreements mean that Myer has to pay at least $62 an hour for the privilege. He argues that being internationally competitive would require paying around one-ninth of that figure. Let's put this in perspective: on a conservative estimate and with no leave loading whatsoever, Brookes gets paid more than 10 times as much per hour as Myer permanent employees earn on a public holiday, and 16 times more than casual staff.
A much-discussed article doing the rounds this week examines how much a McDonald's worker can make in a full-time job in the US and whether that would constitute a viable living wage. Does the same logic apply in Australia?
Comparing the cost of living between different countries is always difficult. News from the US this week that President Barack Obama would like the American minimum wage to rise to $US9 an hour prompted blogger and statistician Matt Cowgill to compare the minimum wages mandated in Australia and the US over time. Among the data he unearths? OECD measures suggest that you might need to earn $15.50 in Australia to purchase the same volume of goods that $9.50 would buy you in America.
How much do you earn every week? The answer is more dependent on the industry you work in than anything else. Average weekly cash earnings in the accommodation and food services sector in Australia are just $539 a week. For mining, that number jumps to $2388. And for IT? The average weekly earnings for a manager aren't too far behind the miners at $2306 -- and female workers actually do better than men. PLUS: check out our interactive spreadsheet and compare take-home pay for more than 350 job categories in Australia -- everyone from forklift drivers to teachers.