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A new survey of 607 senior HR professionals and decision-makers from the Australian Human Resources Institute shows that employers anticipate that pay rises will average just 3% in the next year, down from 3.7%.
“The mean basic pay increase in organisations (excluding bonuses) is expected to be 3% in the 12 months to April 2025, down from the 3.7% projected for the 12 months to January 2025”, the report reads.
“Wage expectations are higher in the public sector (4.5%) than in the private sector (2.6%)”.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.