kk9 Flashcards
Awards definition
legally binding minimum requirements for wages and conditions applying to specific industries, establishing terms of employment for various occupations and levels in a particular industry.
What do awards specify (Memorise 5)
minimum wages
- working conditions and overtime
- meal breaks
- holidays and leave
- penalty rates and allowances
- procedures for resolution of grievances and termination of employment
- superannuation
- annual leave and leave loadings.
When does an award no apply?
When a business has an enterprise agreement or other registered
agreement with its employees. Awards serve as a safety net guaranteeing minimum wages and conditions.
Advantages of awards
Less time consuming in determining appropriate terms and conditions
Provide a stable and secure safety net for employees
Less costly for business
Disadvantages of awards
Provide less flexibility - cannot be customised to the needs of the workplace