awards and agreements

what is an award?

a legally binding document determined by the fair work commission that sets out the minimum wages and conditions of employment for whole industries

advantages and disadvantages of awards

lower business expenses, no time lost negotiating, no conflict, provides a safety net for employees.challenging to find talented employees, less flexibility, employees may be unsatisfied

what is an enterprise agreement?

an agreement between the employees and their employer on the wages and conditions of employment reached via enterprise bargaining

advantages and disadvantages of agreement

flexible, employees are better off, talented employees can be attracted. negotiation can be time consuming, larger business expenses

what is the role of the FWC in an enterprise agreement?

check for the 10 national employment standards, an expiry date, dispute settlement procedure, both parties actually agree, employees will be better off, no unlawful content is included, a majority of employees have been consulted

what is an individual contract?

an agreement between an employer and an individual employee that states wages and conditions of employment

advantages and disadvantages of individual contracts

flexible. time consuming, creates opportunity for competition and favouritism

list the national employment standards

maximum weekly hours, the right to request flexible work arrangements, parental leave, annual leave, personal leave, community service leave, long service leave, public holidays, notice of termination and redundancy pay, a fair work information statement