Annualised Salaries Agreements
The implementation of Modern Awards has opened up the possibilities of employers entering into Annualised Awards with their employees.
This provides that an employer may pay an employee an annual salary in satisfaction of certain provisions of the award such as;
1. Minimum weekly wages;
2. Allowances;
3. Overtime and penalty rates; and
4. Annual leave loading.
Where an annual salary is paid the employer must advise the employee in writing of the annual salary that is payable and which of the provisions of this award will be satisfied by payment of the annual salary. The annual salary must not disadvantage the employee and must be reviewed annually.
At Biz Momentum we can assist you in writing and implementing these agreements for your business.
Contact us www.biz-momentum.com (T) 617 3349 5662 (M) 61 409 002 365 – we work Australia wide.