Pay rise on the cards for some workers

New research shows 25 per cent of office workers can expect a pay rise well above the present record low rate of wage growth.

One-in-four Australian office workers could be in for a nice surprise - a near eight per cent pay rise.

Research by recruiter Robert Half found 94 per cent of managers plan to give an average salary increase of 7.9 per cent in the next 12 months, well above the nationwide record low wage growth rate of 1.9 per cent.

"Even though national wage growth is at an all-time low in Australia, many employers realise that attributing a pay increase to their top performers is an efficient retention measure," Robert Half director Andrew Morris said on Wednesday.

Of the managers who are not planning salary increases, just over half said their staff's wages are already at market rate, while 45 per cent said they had a lack of financial resources.

The findings were part of a global survey of more than 3000 hiring managers.

Australia ranked 10th out of the 12 countries polled in terms of the average expected salary increases, bettering only Singapore (6.8 per cent) and Switzerland (5.5 per cent).

The UK topped the poll with an expected average pay rise of 10.6 per cent.


Share
2 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world