Australians hoping for a significant wage increase may be left disappointed, according to a survey of more than 3000 workplaces by recruitment firm Hays:
Two-thirds (65 per cent) of employers will give skilled professionals a pay rise of less than 3 per cent in their next review and 11 per cent will not increase salaries at all, according to the 2018-19 Hays Salary Guide.
…based on a survey of more than 3,000 organisations representing over 2.3 million employees, the 2018-19 Hays Salary Guide shows a further 18 per cent will give staff an increase of 3 to 6 per cent. Just 6 per cent will increase by 6 per cent or more…
Employees however have higher expectations than employers for a salary increase. 17 per cent expect an increase of 6 per cent or more. A further 19 per cent expect an increase of between 3 to 6 per cent. At the other end of the scale, 25 per cent do not expect any increase and 39 per cent expect less than 3 per cent.
Employees have also prioritised a pay rise. Two-thirds (67 per cent) say a salary increase is their number one career priority this year. If their employer doesn’t offer a pay rise, almost half (48 per cent, up from 45 per cent last year) will request one.
More evidence suggesting Australian wages growth will remain anaemic.
its both big business and their fake left foot soldiers and pretty much you’re hitler if you want to ask why or find out the cause – wages are not going anywhere when there are migrants walking around industrial areas and shopping malls offering labour for any return
I’m really surprised that we aren’t seeing broad falls in wages yet.
The stats must be pumped up enough by rising executive pays so it still shows net positive.
Nevertheless, wages are still below “inflation” and way below actual costs of living. Which straw will it be that breaks the back of the worker?
Not only are they getting all the wage rises, those executives must be consuming enough to counter the debt deflation as well.
But perhaps the pensioners are finally spending?
One old guy in an electric scooter was in the local appliance store today at lunchtime flashing his wad of 50s around and saying for them to keep the change. Well done to him.
If you get a CPI increase working in radiology you’re doing pretty well. Never get between a Dr. and a bag of money !
Advertising has above average wage growth. Must be all those paid shill jobs lol.
Can someone explain the line/lie from right wingers who say “Aussies should work for $10/hour” when corporate profits are up 27%?
Do high wages result in shrinking profits?
If so, soaring profits indicate that wages are shrinking.
It’s the trickle-up effect.
its both big business and their fake left foot soldiers and pretty much you’re hitler if you want to ask why or find out the cause – wages are not going anywhere when there are migrants walking around industrial areas and shopping malls offering labour for any return
I’m really surprised that we aren’t seeing broad falls in wages yet.
The stats must be pumped up enough by rising executive pays so it still shows net positive.
Nevertheless, wages are still below “inflation” and way below actual costs of living. Which straw will it be that breaks the back of the worker?
Not only are they getting all the wage rises, those executives must be consuming enough to counter the debt deflation as well.
But perhaps the pensioners are finally spending?
One old guy in an electric scooter was in the local appliance store today at lunchtime flashing his wad of 50s around and saying for them to keep the change. Well done to him.
I spent my $4 in there and left.
Are there any estimates of what Fair Work will do to the minimum wage case for June?