If an employee's contract says their super is included in their total package, it is legal for their boss to take that money out of their base pay — so long as the workers' salary does not drop below the minimum permitted wage stipulated in their award or employment contract.
He said Telstra offered its staff "industry-leading terms and conditions", and only senior managers and executives made up this 5 per cent that would have to fund their own super rise, as the rest of their workforce in Australia was on enterprise agreements that did not allow that. A spokeswoman for AGL also confirmed the gas and electricity provider was making some of its workers fund their own super increase rather than pay it on top of their current salary.An AGL spokeswoman confirmed some workers would need to fund their own super rise."AGL undertakes a careful assessment of market trends, business conditions and company results to determine how the increase to the superannuation guarantee contribution will be applied," she said.
"The increase to the superannuation guarantee contribution will result in a redistribution between base salary and superannuation components," the AGL spokeswoman said. A Macquarie Group staff member also contacted ABC News about the same issue impacting the investment firm's employees.
I truely expected more from corporate Australia..this is not a way to make you’re staff happy and to get them sending to assist the greater economy And if it’s only 5% of staff impacted wouldn’t you think that they could absorb that .5% increase .... just asking sallymcmanus
So it’s poor ALP policy basically, but ABC are too afraid to state the fact.
Hope my employer doesn't follow suit.
“Here are the big companies are making”?
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