Wages increase set to challenge viability of retailers
The Fair Work Commission this week handed down it’s decision to increase minimum wages by three per cent.
For the owner of an independent supermarket or liquor store, that will mean an increase of $20.50 per week per employee before the additional impacts of penalty rates and on costs to employ staff, according to Master Grocers Australia (MGA).
MGA CEO Jos de Bruin said this is very disappointing news at a time when the retail sector is experiencing unprecedented economic and competitive challenges.
“This increase is yet another unaffordable cost to do business that will force many MGA/LRA members to reconsider their staffing and employment needs in the next financial year,” he said. Retailmedia – Read more…