Why I am not embracing the reduced Sunday penalty rates in my retail business

Here are my reasons for deciding to not embrace the Sunday penalty rates decision in my retail businesses:

1. I value my employees. To pay them less as a result of the decision could suggest to them they are worth less. I have hated it when suppliers reduced margin or commission and argued then that they value me and my business less.
2. I want to be competitive for good labour. Paying a competitive rate is key to this.
3. The business reward. It is open to employees who are now told their pay will not be cut to return the favour to the business.
4. Competition. A range of competitor business have made a similar announcement.
5. While of economy fairness. While I agree with the decision, it should only be taken as a whole of economy review that fairly adjusts economic touch-points for all and not only salaried workers.
6. Weighing everything up it is the right thing to do.

This is not a permanent decision. It is possible I will modify my position as the marketplace situation evolves. If I did and thereby embraced a saving in labour costs, I anticipate through would be invested in more hours.

All business owners need to reach their own conclusions on this matter. Unfortunately, as a country we are bereft of leadership on broader issues that should be confronted in any economic setting adjustment as has been done with Sunday penalty rates.