Senior executive’s fixed or come-to-work remuneration among Australia’s leading companies has been in decline over the last decade.
This article was triggered by an enquiry from Patrick Durkin of the Australian Financial Review, responding to comments by the former Treasurer, Wayne Swan, that Chief Executive pay is “out of control”.
On June 1st 2018 the Fair Work Commission increased the minimum wage by 3.5%.
The setting for a June/July Pay Review for those on the minimum wage, those on average weekly earnings, senior professional staff and organisation leadership, is about to become front and centre.
The Australian on April 14, 2018 reported that Tony Shepherd, a highly respected executive with significant engagement in the private and public sectors and Chairman of the Abbot government’s cost-cutting taskforce, recently questioned whether Federal public servants and politicians should enjoy a 15.4% employer superannuation contribution when other workers receive only 9.5%.