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.
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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).
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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.
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“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…
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