18 Jun

Annual Wage Review could mean cost pressure for businesses

Annual Wage Review could mean cost pressure for businesses

Businesses are faced with cost pressure on a regular basis, so any increase to the national minimum wage is likely to mean cost pressure. On June 2, the Fair Work Commission awarded such an increase – granting a 2.5 per cent jump in the national minimum wage. This is an increase of $16 per week, and the weekly wage now sits at $17.29 per hour. While this will mean cost pressure for businesses, it’s also an opportunity to take a good look at internal operations and make some practical cost-cutting changes. 1) Minimise your costs New technologies mean many businesses will have the opportunity to effectively reduce costs without a large amount of effort. Smart …

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The next generation of work opens the door to new opportunities and challenges. The workplace of tomorrow will be a transformed place where greater mobility, increased innovation, collaboration and employee flexibility will be key drivers of change. At Fuji Xerox Australia we help businesses integrate data, documents and business processes and turn tomorrow’s documents into knowledge. Nextwork explores the dawn of the ‘new working world’ and how we can successfully harness the opportunities and mitigate the challenges of tomorrow.

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