Workplace agreements are contracts negotiated between employers and employees that outline specific employment terms, such as salary, working hours, and benefits.
These agreements can provide more flexibility than Modern Awards, allowing for tailored arrangements that meet the needs of both parties.
For example, a company might create a workplace agreement that offers additional personal leave days in exchange for fewer overtime payments.
This flexibility can help attract and retain talent by accommodating individual employee needs while also aligning with the organization's operational goals.