Your Say On Minimum Wage

Please note that the information provided below is relevant as of June 2018. For updated news on the Minimum Wage please visit our latest guide here.

In the June edition of The Bottom Line we asked your opinion on Australia’s new Minimum Wage. This is what you had to say.

Employers thoughts on Minimum Wage Increase.

• 36% of employers said the increase was too high
• 68% said the increase would negatively impact their business
• 25% said there shouldn’t be an increase at all
• Only 12% of respondents said the new Minimum Wage would not have an impact on their business

How will employers pay for the increase?

• 30.3% will raise their prices of their products or services
• 19.1% will cut the number of hours or shifts of their staff
• 21.3% will reduce the number of staff in their business
• 16.8% will work more hours in the business themselves

Expectation vs Reality.

• The average Minimum Wage increase most employers could afford: 0.34c
• Australia’s actual Minimum Wage increase in 2018: 0.64c

If you have any further questions about the new minimum wage contact Employsure on 1300 651 415, or book a Free Workplace Check here.

To receive the most up-to-date news and small business information sign up for our Free Monthly Newsletter. You can also subscribe to our YouTube channel where our employment relations adviser simplifies complex legislation for busy business owners to view on the go.