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Wage trends in enterprise bargaining, December quarter 1996



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M INISTER FOR INDUSTRIAL RELATIONS M INISTER ASSISTING THE PRIME M INISTER FOR THE PUBLIC SERVICE LEADER OF THE HOUSE OF REPRESENTATIVES

PARLIAMENT HOUSE CANBERRA ACT 2600

26 February 1997 6/97

WAGE TRENDS IN ENTERPRISE BARGAINING, DECEMBER QUARTER 1996

The Department of Industrial Relations today released its latest Wage Trends in Enterprise Bargaining report, containing data on federal enterprise agreements formalised up to 31 December 1996.

The latest figures (based on a total of 966 agreements covering an estimated 178,300 employees) show that the average annualised wage increase (AAWI) for all federal wage agreements formalised in the December quarter 1996 was 4.4% per employee, down from 4.8% in the September quarter.

For all current federal wage agreements at the end of December 1996, AAWI was 4.6% per employee, unchanged from the end of September 1996.

Private sector federal agreements formalised in the December quarter paid an AAWI of 4.4% per employee, down from 5.3% in the September quarter. For all current private sector agreements at the end of December 1996, AAWI was 4.8% per employee, unchanged from the end of September.

The Minister for Industrial Relations, Mr Reith, cautioned that: ‘The latest result in large part reflects the influence of several major agreements in retail and aviation which paid moderate wage increases. By contrast, the underlying trend in enterprise bargaining outcomes in small to medium sized firms is largely unchanged.’

Tn key industry sectors - notably metals manufacturing and construction - wage pressures remain strong.’

‘Wage negotiators in these sectors need to understand that we now live in a low inflation environment and adjust their wage expectations accordingly.’

For further information contact Nick Hordern on: 06 277 7320 or 0419 423 756.

COMMONWEA τ t f t PARLIAMENTARY LIBRARY

Telephone: (06)277 7320 Fax:(06)273 4115