Australians are being urged to ask for a pay rise, while thousands of bosses will award their staff a pay rise, a new survey has found.
The latest Hays Salary Guide, which looks at recruitment and salary trends, surveyed 15,000 employees across 26 different sectors in hundreds of roles.
This year’s report shows that 86 percent of employers plan to increase staff wages at their next pay review, as the situation in Australia worsens. cost of living crisis.
But employees have been warned against overpricing themselves and asking for an amount far beyond their qualifications and responsibilities.
Australians are being urged to ask for a pay rise, while thousands of bosses will award their staff a pay rise, a new survey has found (stock image)
At the same time, the research shows that 77 percent of employees want to have a new job within a year.
Hays CEO Asia Pacific, Matthew Dickason, said an increase in the cost of living was the main reason why employees wanted to leave their jobs in search of a higher salary.
“We are seeing a trend of employees expecting higher salary increases over the past three Salary Guide reports,” he said.
He said the latest survey showed 73 percent were dissatisfied with their pay and did not believe their pay reflected their performance.
“When determining the value of a pay increase, employers’ considerations have changed dramatically over the past 12 months, reflecting the current cost of living crisis and new pay transparency laws,” he said.
Mr Dickason said factors bosses consider before handing out pay rises include individual performance, responsibilities, expertise and the way the business is performing.
He warned that workers seeking a pay rise should ensure they do not “leave themselves out” by declaring an unrealistically high amount.
‘Yes, employers invest in salary increases, but margins remain tight. Commercial realities dictate that salary increases can only go so far,” Dickason said.
‘Think about the whole package when you’re negotiating a new job or your next raise. Think about what you really value and what could make a difference in your life and career in the long run.”
Skills shortage in construction industry is easing, study shows (stock image of construction workers in Sydney)
The recruitment and salary trend survey also shows that 61 percent of employees expect a pay increase of more than 3 percent.
In the meantime, there is good news for the construction sector: the skills shortage will decrease.
But there are still extreme skills shortages in sectors such as education, defense and architecture.
Just under half of respondents in these sectors said they believed skills shortages would have a major impact on their business operations.
‘The extremes of recent years are stabilizing. Skills shortages are easing, inflation is easing and productivity is rising,” Dickason said.
‘There is optimism, but organizations are still cautious.
“Businesses need to take their foot off the brakes and leverage the benefits of our new highly skilled and adaptable workforce to drive growth. This is the year for action.”
