Monday, August 13, 2012

Getting The Most Out Of Work

I’ve been struck in the past week by the discussion in Australia around penalty rates and the government’s changes to Fair Work Australia. The argument goes that if businesses are forced to pay workers the proper rates, they’ll go under. There will be less jobs, less full-time work and kaboom! There’s the end of the Australian economy as we know it. But consider the whole picture. A hospitality worker, working full time, is probably still only earning around $35,000 a year with a minimum rate of super.
They have finite years in the industry before the work gets to much, and trying to save money, pay off a mortgage, raise kids on that kind of money is not an easy ask. And, in my experience and flying in the face of the practice of many employers, properly paid staff are a business’ best asset. A staff member who is paid award wages, feels appreciated and can see long-term benefits of their job will work harder, be more willing to help out when needed and will be less likely to find a new job.
Times like these, with European credit ratings being slashed, America tipping towards some pretty serious times financially, and our own retail slumping, is often a time when the tension between employers and employees becomes more obvious, more keenly felt.
Tighter times can have serious consequences, for businesses and for workers. So how can we find jobs, or negotiate working conditions, that fulfill all those criteria? How can we get the most of out of our work, financially, emotionally and beneficially for the long-term?

 

Know Your Rights

It is in the interest of the employee that their employer continues to do well. Secure employment and regular hours are the cornerstones of our financial health. Some businesses, however, seem to feel that this all-in-together need should extend to employees giving away some of their rights. People are kept off the books- avoiding tax payments, certainly, but giving away their right to superannuation. Penalty rates aren’t paid, older staff members are given fewer shifts as they’re too expensive, overtime isn’t ever rewarded with days in lieu. Know your rights as an employee. Enterprise agreements are online, and you should check the stipulations before you sign a contract. If something isn’t right, query your employer. If, as so many articles are claiming this week, it’s a matter of employer ignorance, this will give them plenty of opportunity to correct the error. After that, you’re entitled to lodge a complaint with Fair Work Australia.

Negotiate

Once upon a time, every one belonged to a union and the union would negotiate for employees. And while a lot of people are glad monopoly has ceased, there have been some fairly disastrous consequences for employees. It’s important to negotiate whenever you start a new job, and essential to have it in writing. Confirm days in lieu, or discuss the possibility of a higher superannuation contribution from your employer. I’d suggest discussing an upper limit of hours per week, and drawing up some boundaries about the best ways to contact you outside of work hours. After three months or six months, write down your daily tasks and check them against your grade of pay. If you’re completing tasks from a higher grade, discuss it with your employer.

Keep Tabs

Check every pay slip and file it in it’s own folder. Call your superannuation fund and discuss with them the arrangement of your super portfolio. Check and re-check your employer is paying the correct tax from your pay. The threat of rising unemployment levels shouldn’t be a way for employers to skimp on employee wages and benefits, and knowing the ins and outs of your finances, and your rights, is your best defense.

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