The NSW Government has imposed a 12-month wage freeze on its 408,000-strong public sector workforce, but has provided a job security guarantee for the same period.
The FWC has published a JobKeeper disputes benchbook as it clocks 120 applications to deal with disputes under the scheme, while a union-run 'Jobscammer' website recorded more than 250 responses in its first week.
The ACTU has resisted employer arguments to delay any rise in minimum pay, while it has accepted that the annual wage review timetable should be amended to enable the expert panel to consider national accounts data that is likely to identify the early economic effects of the coronavirus pandemic.
Growth in private sector rates of pay excluding bonuses remained stagnant at the end of last year, but continued to outpace inflation, according to ABS data released today.
Bargained wage rises in the private sector dropped to 2.7% a year in the September quarter, according to newly-released Attorney-General's Department data that also shows some large retail employers are starting to tie increases to the FWC's annual review.
Workers' wages will continue to grow at about 2.2%, similar to the current WPI, partly because the forthcoming 0.5 percentage point rise in compulsory super payments will be mostly funded by forgone pay rises, according to the RBA.
Growth in private sector rates of pay excluding bonuses has dropped to 2.2% a year, after being locked at 2.3% for 12 months, according to ABS data released today.
Growth in private sector rates of pay excluding bonuses is increasing at 2.3% a year, unchanged from the annual rise recorded in the previous two quarters, according to ABS data released today.
A tribunal has ruled against UFU Victorian branch and national secretary Peter Marshall in a dispute over defined benefit superannuation that could have added about $1 million to his retirement benefits.
