Employment Law Alert: Fair Work raises minimum wage – is your business ready?

What’s the increase? As of 1 July 2024, the hourly minimum rate of pay will be raised by 3.75%. That is: An increase from $23.23 an hour to $24.10; or Approximately an increase of $33 per week (for a full-time employee); or Approximately an additional $1,716 per year (for a full-time employee). Whether your business [...]