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.