What is the award pay rate?

As of 1 July 2021 the national minimum wage is $20.33 per hour or $772.60 per week. Employees covered by an award or registered agreement are entitled to the minimum pay rates, including penalty rates and allowances in their award or agreement. These pay rates may be higher than the National Minimum Wage.

Can an EBA pay less than the award?

The rate of pay for an employee under an enterprise agreement cannot be less than the relevant rate of pay under the modern award that would apply to the employee or under a national minimum wage order.

What does EBA stand for in payroll?

Enterprise Bargaining
What is Enterprise Bargaining? Enterprise bargaining is a legislated process of negotiation that occurs between the employer, employees and their bargaining representatives (usually a Trade Union) with the specific goal of creating an enterprise agreement.

What is the difference between an award and an EBA?

Modern awards set out the minimum employment entitlements for the majority of employees in a particular industry or occupation. Enterprise agreements set employment entitlements for employees of a particular employer or group of employers.

Does base rate of pay include tax?

Base salary broadly refers to an employee’s salary before tax, including salary sacrificed items. Base Salary (paid) refers to an employee’s annual salary payments before tax, including salary sacrificed items, based on their employment as full-time, part-time or casual employees.

How do you negotiate with EBA?

What are the steps in negotiating an EBA?

1. Initiating bargaining.
2. Giving “notice of employee representational rights” to employees.
3. Determining who the bargaining agents will be.
4. Striking a deal.
5. Keeping employees informed.
6. Explaining key terms.
7. Reaching agreement.
8. Requesting a vote.

How much per year is $50 per hour?

If you make $50 per hour, your Yearly salary would be $97,500. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

What happens when base rate of pay is less than award rate?

If the base rate of pay in the enterprise agreement is less than the employee would receive under the modern award that covers the employee, the enterprise agreement will have effect as if the agreement rate were equal to the award rate. Example (rate correct as at 1 July 2018)

Is the base rate of pay in an enterprise agreement?

The base rate of pay for an employee in an enterprise agreement that applies to the employee cannot be less than the base rate of pay the employee would receive under the modern award which covers the employee.

What’s the minimum wage in the modern award?

Therefore, the employee must be paid the $837.40 minimum weekly wage from the modern award, even though the enterprise agreement says the employee should be paid only $827.28 per week.

What is the EBA rate for CFMEU Victoria?

2019 On-site / 36 hour EBA wage sheet 3%.