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.


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Published 8 November 2017 1:18pm
Source: AAP


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