Total Rewards Asia Summit 2024 Singapore
Australia's Federal Budget 2024:  Wage raises for workers in aged care and early childhood education sector

Australia's Federal Budget 2024: Wage raises for workers in aged care and early childhood education sector

Funding for superannuation for workers on paid parental leave has also been announced.

The Australian Council of Trade Unions (ACTU) has welcomed the Federal Government’s support for wage rises for workers in the aged care and early childhood education, as well as funding for superannuation for workers on paid parental leave.

ACTU further shares its belief that Government action is a key lever in positive wage growth and a critical part of managing cost-of living pressures. As affirmed by Michele O’Neil, President, ACTU: “The commitment in the Budget to funding superannuation on paid parental leave is also much needed, and very welcomed.

“Along with the superannuation announcement, this is a major investment in industries traditionally undervalued and dominated by women workers. We are looking forward to seeing ongoing momentum for workers’ wages to rise and cost of living announcements in the Budget tomorrow night.”

Further supported by the Community Early Learning Australia (CELA), the funding will deliver improved wages as part of the multi-employer bargaining process that has been led by CELA.

While the final funding amount will be subject to further negotiations between the parties and will take into account the Fair Work Commission’s minimum wage decision, ACTU said CELA Treasurer Jim Chalmers has confirmed in a statement that the full costs of wage increases would be met.


Lead image / 123rf.com

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