Manufacturing Industry Enterprise Bargaining Wage Growth TrendsFebruary 28, 2017
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 three 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
- Australian Government, Department of Employment: Trends in Federal Enterprise Bargaining December 2016. Average Annualised Wage Increase (AAWI) per employee for Manufacturing agreements approved per quarter.
- ABS, Cat No 6401.0: Consumer Price Index, Australia, December 2016
FCB Group has a long history supporting clients in the Australian manufacturing industry. If you have any questions or would like to discuss please call us on (02) 9922 5188 or email Matthew Robinson, head of the manufacturing industry team, at firstname.lastname@example.org.