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The Fair Work Commission (FWC) has announced its annual wage review decision for the upcoming 2024/2025 financial year.
Annual Wage Review Decision Announced
The Fair Work Commission (FWC) has announced its annual wage review decision for the upcoming 2024/2025 financial year. The Commission has decided to increase the National Minimum Wage (NMW) by 3.75% and minimum rates of pay in modern awards by 3.75%.
The increase to the NMW and the minimum rates in modern awards that apply to osteopathic practices – including the Health Professionals and Support Services Award 2020 – will apply from the first full pay period commencing on or after 1 July 2024.
To summarise, the annual wage review decision will impact osteopathic practices as follows:
- The weekly rates of pay in the Health Professionals and Support Services Award 2020 will increase by 3.75% from the first full pay period commencing on or after 1 July 2024.
- For award/agreement-free employees, the NMW will increase from $882.80 per week ($23.23 per hour) to $915.90 per week ($24.10 per hour).
What happens now?
The Osteopathy Australia HR Service will update the award wage guide to reflect the increase. The updated guide will be available by 1 July 2024. For more information, call 1300 143 602 or email hrhotline@osteopathy.org.au.
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