Do you employ people?

Weston & Associates Ltd Chartered Accountants

Following the recent minimum wage increase, now is the ideal time for you to ensure your business's employment agreements (contracts) are up to date.

On April 1, the adult minimum wage increased from $18.90 to $20.00 gross per hour, and the starting-out and training minimum wage increased from $15.12 to $16.00 gross per hour.

You can use this as an opportunity to ensure you are meeting your legal obligations and build stronger staff relationships. Also, consider potential impacts of the minimum wage increase on internal wage relativity, external benchmarking and staff current and future pay expectations.

By law every employee must have a current written employment contract. It must state the wage rate or salary payable, which must be equal or more than the relevant minimum wage. With any changes of wages, the employer must send a contract variation letter advising of the new wage. Negotiated and used fairly such contracts can be a great foundation for win/win, productive employment relationships with your staff.

If you are looking for a good payroll system for a start up or for an existing business, we can recommend one and look after your taxes and accounting needs at the same time.

Call us today for an appointment.
Phone: 09 5280069