How the Fair Work Commission’s penalty rate cuts will affect your business and employees – DynamicBusiness

The Fair Work commission’s penalty rate cuts will affect your business and employees. The choice to cut penalty rates makes it very transparent that the Fair Work Commission is very much about protecting its employers. It does not protect the employees though. The employee representatives possibly assumed the rates would not be reduced and did not put forward a very strong economic case. There were many important factors that lead up to this important decision.

Key Takeaways:

• The Fair Work Commission has ruled to reduce Sunday and public holiday wage penalties for a number of workers.
• Protecting the legal wage was the original purpose of the Fair Work Commission
• Fast food, hospitality, retail and pharmacy industries are likely to be the most affected by rate changes.

“Hundreds of thousands of workers will be negatively impacted by the decision in the short term.”

Read more: http://www.dynamicbusiness.com.au/news/how-the-fair-work-commissions-penalty-rate-cuts-will-affect-your-business-and-employees.html