Minimum Wage Increase

Posted 11 March 2014 by Mike Johnson remuneration; wage; retention;

From 1 April 2014 the minimum adult wage will increase to $14.25 per hour. The starting-out or training minimum wage will increase to $11.40 per hour. These are 3.6% increases, which is more than twice the current level of CPI inflation. The biggest challenge is for companies that operate on small increments between their most junior staff and the next levels up. You need to plan now to maintain internal relativities.