Business activity increased for 70 percent of employers in Australia and New Zealand in the past 12 months, and 75 percent of employers think business will grow in the next 12 — yet more than one in 10 don’t plan to increase salaries in skilled professionals’ next review, according to a new salary guide.
Nearly two-thirds of employers plan to give a raise of less than 3 percent.
Skilled professionals, however, may not be all that surprised if they don’t get a huge raise. More than a quarter say they expect no rise in salary; 42 percent expect employers to increase salaries by less than 3 percent.
Employers seem to be turning to temporary help and contract employees to maintain operations. Twenty-three percent say they now hire them on a regular ongoing basis; another 44 percent brings temporary help or contract employees in for special projects or workloads.
For more on employer concerns, including anticipated skills shortages, and salary plans, download the 2017 Hays Salary Guide.