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Latest news: Wage and Pension

AMP leaders defend share price, tout AI future

AMP leaders defend share price, tout AI future

There is no sideline position to take in the disruptive moment offered by artificial intelligence, the leader of an Australian wealth stalwart says.

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Workers in retail and fast food jobs will be eligible for the full award wage once they turn 18 after a decision from the workplace watchdog.

Daylight robbery as time clock stops for shift workers

Daylight robbery as time clock stops for shift workers

Daylight robbery as time clock stops for shift workers

Daylight robbery as time clock stops for shift workers

Employers are being encouraged to pay night workers for every hour they work this Easter Sunday during a daylight saving glitch.

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Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

Sticky situation as super changes stretch small firms

Sticky situation as super changes stretch small firms

Almost a third of small business owners are considering dipping into their personal savings to meet super obligations for their staff.

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Employer groups warn a pay rise above inflation for minimum wage earners would only tip more fuel onto the fire as rising petrol prices worry the Reserve Bank.

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank's next decision on interest rates.

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Shares in wealth manager plunge in earnings bloodbath

Shares in wealth manager plunge in earnings bloodbath

Shares in wealth manager plunge in earnings bloodbath

Shares in wealth manager plunge in earnings bloodbath

AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.

Unions set sights on pay rises, threaten strike action

Unions set sights on pay rises, threaten strike action

Unions set sights on pay rises, threaten strike action

Unions set sights on pay rises, threaten strike action

Workers are more ready to strike than ever before, unions say, as they push for above-inflation pay rises to help members with high housing costs.

Confident about retirement? It depends on your gender

Confident about retirement? It depends on your gender

Confident about retirement? It depends on your gender

Confident about retirement? It depends on your gender

Years of gender pay gaps, part-time work and caring for others have left Australian women with smaller nest eggs facing a more uncertain future, research shows.

Superannuation gender gap starts on first day at work

Superannuation gender gap starts on first day at work

Superannuation gender gap starts on first day at work

Superannuation gender gap starts on first day at work

An outdated law is widening the gender superannuation gap where women retire with less due to rules that deny the entitlement to most workers aged under 18.

Super giants tapped to compensate for self-managed duds

Super giants tapped to compensate for self-managed duds

Super giants tapped to compensate for self-managed duds

Super giants tapped to compensate for self-managed duds

The federal government will force retail and industry super funds to help compensate people who lose their retirement nest eggs to failed private schemes.

Central bank rates outlook may pivot on wages, labour

Central bank rates outlook may pivot on wages, labour

Central bank rates outlook may pivot on wages, labour

Central bank rates outlook may pivot on wages, labour

A major bank has crunched the numbers from about 400,000 accounts to discover an uptick in wages and employment growth, ahead of a central bank rates reveal.

Nearly two in five Aussies fear retirement out of reach

Nearly two in five Aussies fear retirement out of reach

Nearly two in five Aussies fear retirement out of reach

Nearly two in five Aussies fear retirement out of reach

A startling number of Australians are worried about their retirement prospects, and many fear they won't be able to retire at all, according to a study.

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Employers efforts recognised as gender pay gap narrows

Australia's overall gender pay gap has narrowed, but among CEO's there has been an increase - showing the need for further commitment at top levels.

Private sector wages slowdown could ease RBA fears

Pay packets are still growing but economists warn rising inflation could soon bring that to an end.

Lifetime impact of gender pay gap costs women millions

The financial cost of the gender pay gap accelerates across a woman’s lifetime and peaks in her late 50s, with an eye-watering amount of missed earnings.

'Irrational' rule ripping off young Aussie workers' pay

As soon as Aussie teens turn 18 they are seen as of age in the eyes of the law - but there's one place they still aren't being treated as adults.

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Health giant under microscope for charity tax status

A health union wants the government to investigate embattled private hospitals operator Healthscope over a problem with its salary packaging scheme

'Payday super' popular but could challenge small firms

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

Retirement finances not so super for Indigenous people

Indigenous people are facing a retirement disadvantage, with 65 per cent dying before reaching the age to access age pensions or superannuation.

Coles, Woolies staff stuck in mass underpayment case

A major supermarket failed to keep proper shift records and docked employees' pay for branded clothing, but four major underpayment lawsuits remain in limbo.

Nation-leading pay set for nurses after talks, strikes

Queensland's nurses and midwives have agreed in-principle to a wage offer that will make them the highest paid in the country after months of talks and strikes.

'Unacceptable': closing gender pay gap still hard work

Women are working 50 days past the end of the financial year to earn the same as men, showing the need for further action from employers on the gender pay gap.

Fireys' blazing pay rise burns a hole in state's pocket

Firefighters have kicked down the wages door, winning a large pay bump after their work was noted for being "significantly undervalued".

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Politics Australia Crime, Law and Justice New South Wales Victoria Queensland Economy, Business and Finance Indigenous People Social Issue Government Economy Business Unions Hospital and Clinic Employment Work Relations Central Bank Labour Earnings Finance

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