The myHomecare Group was featured in the Financial Reviews article ‘Don’t be a punching bag: small business jumps the wage-rise gun.’
The CEO of the myHomecare Group shares his thoughts on the minimum wage increase.
For a summary of the article read on.
Minimum wage increase
A 5.2% increase in the national minimum wage and a 4.6% hike in minimum award wages were announced in June this year.
Stuart Miller, chief executive at The myHomecare Group, which has over 2,200 employees, welcomed the minimum wage increase but said if the industry didn’t receive more support from the government, then the level of care clients receive could suffer.
“If costs go up and revenue stays static, that means less care for clients, which would be incredibly unfortunate.”
“A large chunk of the industry is already running at very thin margins, if not losing money.” Stuart shared.
“This wage rise will certainly help people to make ends meet. However, we need to acknowledge that many small businesses are also feeling the pinch as well,” Australian Retailers Association chief executive Paul Zahra said.
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