Announcement: Australians set to receive healthy pay packets in 2012 - download report
01 August 2012 7:05am
Australian workers can expect a pay rise in the coming 12 months, with Hay Group predicting an average four per cent pay increase nationally. However, the range of salary increases organisations are saying they will put forward to employees is the biggest seen in recent years, sitting at between two and eight per cent. The bigger increases will be in the resources sector, in regional areas and those with key technical skills. Hay Group has just launched its bi-annual Australia Salary Movement Index Report surveying 440 organisations and 270,000 employees. The report found those who had specialist knowledge or industry-specific technical skills command a much higher premium compared to more common jobs such as Marketing, Sales and Research & Development.
The boom in the west for Mining, Oil and Gas and related industries is widening the pay gap with the rest of the market, where some sectors are experiencing far more austere times.
Some of the factors influencing the range in pay increases in Australian salaries previously mentioned include:
the rising cost of living pressures due to the strength of the Australian dollar;