Search: FWC
RBA Glossary definition for FWC
FWC – Fair Work Commission
Search Results
Inflation
7 Aug 2020
SMP
– August 2020
Graph 5.15. The Fair Work Commission (FWC) determined that the National Minimum Wage and all award wages will increase by 1.75 per cent, which is lower than the outcomes ... The FWC decision directly affects around 13 per cent of the wage bill, while
https://www.rba.gov.au/publications/smp/2020/aug/inflation.html
Inflation
5 Nov 2020
SMP
– November 2020
Some planned wage increases have been deferred or reduced, including as a result of decisions by the Fair Work Commission (FWC) and some government employers. ... Graph 5.16. The FWC awarded a 1.75 per cent increase to award wages this year.
https://www.rba.gov.au/publications/smp/2020/nov/inflation.html
New Timely Indicators of Wages Growth
21 Sep 2023
Bulletin
– September 2023
Monitoring developments in wages is important for assessing the inflation outlook, as labour costs are a major factor in firms pricing decisions.
https://www.rba.gov.au/publications/bulletin/2023/sep/new-timely-indicators-of-wages-growth.html
Inflation
6 Feb 2020
SMP
– February 2020
FWC). This directly affects wages growth for around 20 per cent of employees who are on an award wage. ... There has also been an increase in recent years in the number of wages outcomes in EBAs that are in some way linked to the FWC decision.
https://www.rba.gov.au/publications/smp/2020/feb/inflation.html
The Effect of Minimum Wage Increases on Wages, Hours Worked and Job Loss
20 Sep 2018
Bulletin
– September 2018
Australia has a detailed system of ‘awards’ that specify different minimum wages depending on the industry, location and skill of an employee.
https://www.rba.gov.au/publications/bulletin/2018/sep/the-effect-of-minimum-wage-increases-on-wages-hours-worked-and-job-loss.html
Domestic Economic Conditions
27 Nov 2017
SMP
– November 2017
and timing of the FWC decision's impact is uncertain for these employees. ... Beyond the impact of the FWC decision, the Bank's liaison points to a modest improvement in private sector wage growth over the year ahead.
https://www.rba.gov.au/publications/smp/2017/nov/domestic-economic-conditions.html
Underemployment in the Australian Labour Market
17 Jun 2021
Bulletin
– June 2021
Underemployment in Australia has been moving higher for several decades.
https://www.rba.gov.au/publications/bulletin/2021/jun/underemployment-in-the-australian-labour-market.html
Box D: Trends in Wages Growth By Pay-setting Method
8 May 2019
SMP
– May 2019
Some employees are on state awards set by state industrial tribunals or authorities, rather than the national awards set by the FWC. ... As a result of this, award wages growth in Graph D1 does not align exactly with recent FWC adjustments to national
https://www.rba.gov.au/publications/smp/2019/may/box-d-trends-in-wages-growth-by-pay-setting-method.html