Your company wishes to employ a Level 2 employee on a full-time basis under the Bankiing, Fiance and Insurance Award 2010. You are required to find out the minimum annual salary for an adult and what percentage of the adult rate must an 18 year old be paid at a minimum? (austrlia environment)
Following is the full description of wage rate of level 2 full time employee
Classification | weekly pay rate | hourly pay rate | early morning shift | afternoon shift | afternoon shift - permanent shiftwork | night shift | night shift - permanent shiftwork |
Level 2 | $837.40 | $22.04 | $24.80 | $26.45 | $27.55 | 27.55 | 28.65 |
An 18 year old must be paid must be paid 70% of what an adult rate is. According, it will be as follows
Level | weekly pay rate | hourly pay rate | early morning shift | afternoon shift | afternoon shift - permanent shiftwork | night shift | night shift - permanent shiftwork |
Level 2 | 586.18 (837.40x70%) | 15.43 (22.04x70%) | 17.36 (24.80x70%) | 18.52 (26.45x70%) | 19.29 (27.55x70%) | 19.29 (27.55x70%) | 20.06 (28.65x70%) |
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