Sumerset CEO Cook says govt funding key for care giver wages

Mon, 15 Aug 2016

By Paul McBeth Aug. 15 (BusinessDesk) - Rest home hospitals nationwide will have to close if the government doesn't pony up more money to cover rising wage costs in the sector, says Summerset Group chief executive Julian Cook. A landmark court ruling last year that female dominated work "requires equal pay for work of equal value (pay equity), not simply the same pay for the same work" is seen as increasing the aged care sector's collective wage bill by as much as $500 million a year. Summerset's employee costs rose 24 percent to $19.4 m...

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