Wage growth in private sector agreements lodged in the June quarter has dropped to 3.5% a year, well below the post-GFC average of about 3.9%, according to new data released by DEEWR today.
Almost 700 Reserve Bank employees have won annual average pay rises of 3.83% a year with the potential for more from a 2% annual bonus pool and a "career increment" pool that has been set at about 1% for the first year, under a new agreement with the FSU.
