Enterprise Bargaining remains a cornerstone of the Manufacturing Industry.
Understanding the market wage increases is important not only from employee retention but also to maintain margins and a competitive edge.
We’ve set out below a useful table summarising the trends over last 2 years of average wage increases in all Manufacturing Enterprise Agreements approved by the Fair Work Commission versus All Groups CPI.
Its broken down on a quarterly basis but the percentages have been annualised for ease of reference.
Manufacturing Industry Enterprise Bargaining Wage Growth Trends
Click here to view graph.
Sources:
- Australian Government, Department of Employment: Trends in Federal Enterprise Bargaining March 2016. Average Annualised Wage Increase (AAWI) per employee for Manufacturing agreements approved per quarter.
- ABS, Cat No 6401.0: Consumer Price Index, Australia, March 2016
