Are you being paid what you’re worth?
Now might be the time to start looking around, according to the 2017 Hays Salary Guide.
The recruiters say the small pay increases of recent years is testing the loyalty of their employees.
And now, with employers indicating in the latest survey that business activity is increasing, might be the best time to look around for something paying a bit more.
Here’s the quick view of the Hays survey and where the opportunities are:
“It seems the time honoured supply and demand principle has also failed to impact salaries in all bar a few instances,” says Nick Deligiannis, managing director, Hays Australia and New Zealand.
“Yet Australia’s strengthening economy, rising business activity, growing headcounts and skill shortages cannot be overlooked for too long.
“The piercing question therefore is how high will turnover reach before typical salary increases climb above three per cent?”
They 2017 survey found that 65% plan to increase salaries by less than 3%.
The better pay rises can be found in IT, advertising and media, as this chart shows:
In IT and telecommunications, almost half (48%) will get more than a 3% pay rise and a lucky 6% will get 10% or more.
In media, 42% will get 3% or more and 8% will get that high 10%.
The 2017 Hays Salary Guide surveyed more than 2,950 organisations, representing more than 3 million employees, for their views on salary policy, hiring intentions and recruitment trends.