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Don't expect a big raise, employers tell staff

Don't expect a big raise, employers tell staff

Workers who expect a sizeable salary increase in the next 12 months have been given a reality check by a new survey.

The annual Hays Salary Guide, which surveyed 2,950 organisations, found that 11 per cent of employers plan to give no raise, while 65 per cent plan to give a raise of up to 3 per cent.

The survey also found that 27 per cent of employees expect to get no raise, while 42 per cent expect a raise of up to 3 per cent.

Australia’s inflation rate is currently running at 2.1 per cent, while wages are growing at 1.9 per cent, according to the most recent data from the Australian Bureau of Statistics.

The Hays survey also covered fringe benefits. Here are some of the highlights:

SALARIES

  • What employers say…

What was the average salary increase you gave in your last salary reviews?

Salary increaseRespondents
Nil16%
Under 3%58%
3-6%19%
6-10%5%
Above 10%2%

By how much do you expect to increase salaries in your next reviews?

Salary increaseRespondents
Nil11%
Under 3%65%
3-6%19%
6-10%5%
Above 10%1%
  • What employees say…

What salary increase to you expect to receive in your next review?

Salary increaseRespondents
Nil27%
Under 3%42%
3-6%17%
6-10%8%
Above 10%6%

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FRINGE BENEFITS

  • What employers say…

Does your company offer flexible salary packaging?

Yes71%
No29%
  • What employees say…

Do you think that choosing to work flexibility would have/has had a negative impact on your career?

Yes18%
No61%
Unsure21%

Which of the following benefits do you receive?

Flexible work practices70%
Financial support for study29%
Free or subsidised food20%
A day off for your birthday6%
Over 20 days’ annual leave29%
Payment of own device usage charges at work24%
Health and wellness programs37%
Onsite childcare1%
Ongoing learning and development58%
Career progression opportunities43%

When looking for a new job, which of the following benefits are important to you?

Flexible work practices86%
Financial support for study32%
Free or subsidised food8%
A day off for your birthday14%
Over 20 days’ annual leave45%
Payment of own device usage charges at work25%
Health and wellness programs41%
Onsite childcare7%
Ongoing learning and development76%
Career progression opportunities84%

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