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.
Queensland employers will have to pay a substantially higher base salary for newly-hired HR and IR managers, according to a remuneration survey released today.
The "near disappearance" of industrial action over recent decades is strongly correlated with the "deceleration" of wages growth, according to the new analysis released by the Centre for Future Work just days after the FWC halted the planned Sydney train strike.
The Federal court system faces an unprecedented half-day strike by support staff this afternoon over stalled pay negotiations which have left them without a rise for four years.
CBA HR chief Melanie Laing has suffered a 52% pay cut following a decision by the company's board to cut to zero the short-term incentive payments for group executives, while a superannuation review has revealed about $16.7 million in underpayments to 36,000 current and former bank employees.
Just a week after RBA Governor Philip Lowe called for workers to push for bigger wage rises, the FWC has approved a deal that secures increases of just 2% a year for his own 1000-strong workforce, but with the prospect, for some, of also winning performance-based bonuses.
Loy Yang power station and mine workers have conceded the possibility of forced redundancies and increased use of contractors in exchange for annual 5% pay rises in voting up a new enterprise agreement with operators AGL Energy.
Expanding on its theme that the wages system is "broken", the ACTU will seek to change workplace laws so workers and unions can bargain "where the power is" across industries and franchised employers, rather than being limited to the enterprise level.
