Annual Wage Review 2020 – 2021
The Annual Wage Review Decision for 2020-2021 has been released by the Fair Work Commission (FWC).
The Fair Work Commission stated today that the National Minimum Wage and Award Rates will be increased by a total of 2.5 percent. Around 2.3 million workers are paid the minimum wage or have their compensation determined by agreements. Around one-fifth of Australian workers rely on the yearly review for salary increases.
From July 1, 2021, superannuation contributions will also be increased by 0.5 percent.
Find more information here: https://www.fwc.gov.au/awards-and-agreements/minimum-wages-conditions/annual-wage-reviews