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The business case for paying a Living Wage is clear: it enhances employee well-being, job satisfaction, and productivity, fostering a more motivated workforce. And in recent years, due to rising regulatory and stakeholder expectations, company engagement on Living Wage has surged. BSR’s Emma Giloth, Roger McElrath, and Dr. Felicity Butler discuss the history of Living Wage and recent trends in its adoption by sustainable business, and describe BSR’s approach to supporting companies in implementing Living Wage programs for their employees. https://lnkd.in/eC9CZ6H4 #livingwage #recruitment #humanresources #humanresourcemanagement #sustainablebusiness

🌟 Awesome news 🌟 for workers all over Australia—fairer pay is on the way! Starting 1 July 2024, the Fair Work Commission is upping the National Minimum Wage and all modern award wages by 3.75%! 🎉 Let's celebrate this step forward. 💪 Details here: https://shorturl.at/N9bsa #WageIncrease #FairWork #Australia2024 #EmployeeRights #GreatNews

🌟 Exciting Update on the Australian Annual Wage Review 2023–24! 🌟 Today marks a significant milestone for the Australian workforce. The Fair Work Commission has announced a 3.75% increase in the National Minimum Wage and all modern award minimum wage rates, effective from 1 July 2024. This decision is a step forward in ensuring fair compensation for our hard-working employees across various industries. It's a recognition of the vital contributions made by workers and a move towards a more equitable and sustainable economic environment. 🤝 As employers and business leaders, it's crucial to stay informed and adapt to these changes, ensuring compliance and continuing to support our teams effectively. Together, we can foster a workplace that values and fairly compensates all its members. 💪 For more details, check out the official announcement: https://shorturl.at/N9bsa hashtag #WageReview #FairWorkCommission#MinimumWageIncrease #Australia #EmployeeRights #WorkplaceEquity

[BLOG] Many HR leaders believe earned wage access is solely for businesses with hourly staff. That’s why in our new blog post, we are explaining how various employee types are eligible for and can benefit from EWA. Check it out here: 3 Employee Types Eligible For (And In Need Of) Earned Wage Access https://bit.ly/47t6Vsn #EWA #EarnedWageAccess #EmployeeBenefits

The Government has recently accepted the National Wages Council (NWC) 2023/2024 Guidelines, which include: • Fair and sustainable wage increases based on the flexible wage system (FWS) • Helping employees to cope with higher costs of living • Addressing sustained wage growth for lower-wage workers • Pressing on with transforming jobs and upskilling workforce View the infographic summary of the recommendations here: https://lnkd.in/gkxjvExT #humanresources #hr #flexiblewagesystem #fws 

Savvy HR professionals know, Earned Wage Access is what employees want!  Give your people what they want (and need)! Offer FlexWage Earned Wage Access (EWA) to your employees now! Ready to learn more? Connect with us today: https://lnkd.in/gUuckFKX #EarnedWageAccess #EmployeeBenefits #FinancialWellbeing #HumanResources

How can you ensure that there is no underpayment of wages in your business? As an employer in Australia, it's really important to understand and comply with the country’s laws and regulations regarding fair wages. Underpaying employees not only violates their rights but can also lead to legal consequences, damaged reputation, and diminished employee morale. The 4 key elements to understanding wage laws in Australia: 1️⃣ National Employment Standards (NES) The NES sets out the minimum entitlements for employees in Australia, including maximum weekly hours, annual leave, personal and carer’s leave, and public holidays. Employers must ensure that employees receive these entitlements and are paid correctly for any work performed beyond the standard hours. 2️⃣ Modern Awards Modern Awards are industry or occupation-specific regulations that outline minimum pay rates, penalty rates, and other conditions for employees. Employers must identify the relevant Modern Award that applies to their employees’ roles and ensure compliance with its provisions. 3️⃣ Minimum Wage The Fair Work Commission annually sets the minimum wage that applies to employees not covered by a Modern Award or enterprise agreement. Employers must pay at least the minimum wage to their employees. 4️⃣ Payroll Records and Payslips Employers must keep accurate and up-to-date payroll records for each employee, including hours worked, leave taken, and wages paid. Payslips must be provided to employees within one working day of payment and should contain detailed information about their pay and any deductions made. #HRCompliance #ComplianceClarity

The Fair Work Commission today has handed down the Annual Wage Review. Our Managing Director Sarah Queenan provides a summary of the decision and what it means for Australian workplaces in this article. Key Insights 👉 The Fair Work Commission has handed down the 2024 Annual Wage Review decision, resulting in a 3.75% increase for employees engaged under modern awards.  This will see the national minimum wage increase to $915.90 per week or $24.10 per hour effective from 1 July 2024. 👉 It is estimated that 25% of Australian workers are covered by a modern award, 34% under an enterprise agreement and the remaining 41% under contract or other employment arrangements. 👉 Employee wages in Australia are increasing, with employees engaged under an enterprise agreement receiving an average annual wage increase of 4.3% and the Wage Price Index (WPI) at the March 2024 quarter sitting at 4.1%. Read the more comprehensive analysis in this article here: https://lnkd.in/gChJxwQ4 #AnnualWageReview #AustralianBusiness #FairWork #HumanResources