Growth in private sector rates of pay excluding bonuses remained stagnant at the end of last year, but continued to outpace inflation, according to ABS data released today.
Bargained wage rises in the private sector dropped to 2.7% a year in the September quarter, according to newly-released Attorney-General's Department data that also shows some large retail employers are starting to tie increases to the FWC's annual review.
Workers' wages will continue to grow at about 2.2%, similar to the current WPI, partly because the forthcoming 0.5 percentage point rise in compulsory super payments will be mostly funded by forgone pay rises, according to the RBA.
Growth in private sector rates of pay excluding bonuses has dropped to 2.2% a year, after being locked at 2.3% for 12 months, according to ABS data released today.
As more than 18,000 NSW public school administrative and support staff vote on a settlement to their gender equity claim said to boost annual pay by up to $13,500, the PSA and Department of Education are nutting out the degree to which they will jointly acknowledge the gender element.
The IEU is accusing Queensland Catholic school employers of breaching a 30-year commitment to maintain wage parity with public sector teachers and rejecting all proposals to address work intensification, leaving members with "no other choice but to escalate" their campaign.
Growth in private sector rates of pay excluding bonuses is increasing at 2.3% a year, unchanged from the annual rise recorded in the previous two quarters, according to ABS data released today.
The RBA has projected that the current pattern of "unusually" slow wage growth will likely continue until at least 2021, Governor Philip Lowe reminding a parliamentary committee that any pick-up was "both affordable and desirable".
ACTU leader Sally McManus has written to Prime Minister Scott Morrison, asking him to implement a three-point plan that would lift aggregate annual wage growth from the current level of about 2.3% to about 3.5%.
