Australia boasts a wage structure that ensures workers get the payments fairly and justly. In Australia, the Average Hourly Wage 2024 guarantees equitable compensation across various industries and regions. For a 38-hour workweek, the minimum wage is $23.23 per hour, or $882.80.
The minimum hourly wage will increase by 8.6% over the previous federal minimum wage. When compared to the United States and the United Kingdom, the average monthly salary is lower.
Overview
The minimum wage that employees will receive is set by the Australian government. Australia has a well-established wage structure in place to ensure that workers receive fair compensation.
People want to be paid fairly and justly, and companies should pay their staff members fairly and justly. Foreign nationals will have a different minimum wage than domestic citizens.
The Australian Minimum Wage, which qualifies citizens, is $23.23 per hour, or $882.80 for a 38-hour workweek. However, an 8.6% increase in the minimum hourly wage in Australia is anticipated compared to the same period last year.
In 2023, the hourly wage for a person under 21 was $15.23. Until June 30, 2024, the minimum wage rate for Australian workers will not change. Thus, the minimum pay varies based on the workers’ age and qualifications.
The salary scale differs depending on the city. After the age of 21, the minimum wage will remain at $23.23 per hour. For individuals under 21, the minimum wage is $15.23 per hour.
Eligibility Requirements
- Citizens of Australia who comes under employment.
- At least 21 years old, to receive the minimum wage.
- In Australia, hourly earnings are available to full-time, casual, and part-time employees alike.
- The person will have a legal right to work in Australia for the same.
- The eligibility may vary according to the occupational classifications stated in the most recent awards.
- The workers covered by these agreements are guaranteed by the contemporary awards, which fall under the industry-specific set minimum wage rate.
Increased Amount
Clearly, in 2024, the Australian average hourly wage will increase by AUD 940. The minimum wage rate will rise by 3.5% above the current amount.
Not every industry will experience the same boost. Wage rates are likely to rise in sectors such as manufacturing, transportation, and finance.
Increment In Industry
| Industrial Sector | Increment |
| Energy | 8% |
| Healthcare | 7% |
| Construction | 6% |
| Banking | 4% |
| Information Technology | 3% |
| Travel | 2% |
| Education | 1% |