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Wage inflation: what you need to know

Wage inflation: what you need to know

Managing rising costs is a daily challenge for small businesses; and perhaps the biggest one is payroll. This includes wages for your staff, any allowances, and superannuation.

From 1 July 2023, the national minimum wage increased to $882.80 per week or $23.23 per hour. Award minimum wages also increased by 5.75%.

In this article, learn about wage inflation and what you can do to ease the impact of annual wage increases on your business.

Learn about wage inflation

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