Wage Earnings in Australia Research Paper Example | Topics and Well Written Essays - 750 words

Wage Earnings in Australia - Research Paper Example This method has made it fairer for both the employee and employer while looking for jobs and at the same time while seeking for employees with good qualifications. Australian dollar is the currency used in payment of wages. A released data analysis indicates that mining, resource and energy jobs are the most highly paid ranging averagely $155, 042, - $121,913 per hour (Survey, 2012). Engineering jobs follow secondly while construction and consulting and strategy jobs are third and fourth respectively. Amongst the least paid jobs, include the administration and office support jobs, which earn averagely $56,820-$46,278. Minimum Wages Australia has a panel for fair work Ombudsman, which came into existence in 3rd June 2010. The work of the panel is to review the minimum wage an employee should earn. The panel reviews the wages every year and makes their announcement every 1st July annually. The panel also makes their findings public on the same day by publishing them on the government w ebsites and other potential site to bring employers to task with the current rates. The fair work panel also releases a minimum wage order that requires an employee not to earn any lower than the national minimum wage. Currently, the national minimum age is $15.96 per hour (Survey O. S., 2012). If an employee is a casual laborer, he or she is entitled to 23% casual lading wage. Fair work also takes part in monitoring and evaluating employers who contravene or go against the Law. Chris Evans the senator and minister of immigration and citizenship announced that temporary skilled workers in overseas should get payment similar to those paid to market rates. People under 21 years are referred to as junior workers and their rates re usually less than adults. However, different industries and occupations have different wages depending on the types of jobs done. Classification is under casual, permanent or sub contract basis. Subcontractors are not permanent employees and therefore the law of minimum wages does not apply in their case. Subcontractors have their own jobs and work at different hours and they earn commissions depending on how they negotiate with the contractors. The law is very tough on subcontractors and their employers. Under certain circumstances, an employer might subcontract an employee and pay him/her as an employee yet he/she is working as an employee of the organization or company. The trade unions describe how penalties, rewards, and allowances are earned. Most payments are done monthly in Australia but weekly wages still apply depending on the agreement with the employer. Australian law demands that employers provide their employees with pay slips before payment is done for verification. Superannuation is a retirement benefit scheme that any wage earner should pay. Nine percent of the total wage earned is always deducted for the payment of the retirement scheme. The money aims at retirement but can also be used in cases of injuries and illness . All the States in Australia have the command and rule over the salary of their educators. Data from the latest information indicate that all salaries from the Australian capital have a nine-point range. By 2003, South Wales had the highest paid teachers in Australia. The starting salary for trained bachelor of education teacher