New annualised wage provisions – what does this mean for my business?

Posted on February 25, 2020Categories Blog, NewsTags , , , ,   Leave a comment on New annualised wage provisions – what does this mean for my business?

From 1 March 2020, new rules for annualised salaries will make keeping timesheets and conducting yearly pay reviews compulsory for some businesses. The rules also restrict how long employers have to compensate workers for underpayment. The Fair Work Commission’s update to 18 Modern Awards is intended to ensure workers on annualised wages are not worse off than those paid an hourly or weekly wage. Members who have employees on annualised wage arrangements, pay their employees a flat rate of pay … Continue reading “New annualised wage provisions – what does this mean for my business?”