WORK­OUT Pay rises of 10-15pc for boom sec­tors

The Weekend Australian - Travel - - Indulgence -

THE news is all good on the salary front. This year will be marked by a 10-15 per cent in­crease across the board, ac­cord­ing to the ninth an­nual Global Salary Sur­vey launched by re­cruit­ment con­sul­tancy Robert Wal­ters.

Ex­ec­u­tives will com­mand twice that level of pay in­crease, the sur­vey pre­dicts.

Skills short­ages and the rush to re­tain tal­ent will de­fine re­cruit­ment prac­tices in busi­nesses, Richard Par­nell, chief ex­ec­u­tive of Robert Wal­ters Asi­aPa­cific, says.

The un­bri­dled strength of the re­gional econ­omy in Perth, and the num­ber of multi-bil­lion dol­lar in­fra­struc­ture projects across Bris­bane in par­tic­u­lar, have seen both states drive op­por­tu­ni­ties for busi­ness growth, at­trac­tive job prospects, and high profile work for lo­cal and in­ter­na­tional can­di­dates, Par­nell says.

With un­em­ploy­ment at a 30-year low, there is no es­cap­ing the sig­nif­i­cant pres­sures of the skills short­age.

In ef­fect, strate­gic re­cruit­ment and staff re­ten­tion have to be­come in­grained in the long-term growth and suc­ces­sion plans for Aus­tralian busi­ness.

The can­di­date mar­ket is rife with counter-of­fers and sig­nif­i­cant pay in­creases, while em­ploy­ers find them­selves un­der pres­sure to quickly adapt to mar­ket de­mand and de­velop full-pack­age salary and ben­e­fits to at­tract top tal­ent.

In many in­stances, the so-called shift in power has seen can­di­dates con­fi­dently hold off on job of­fers, in­stead wait­ing for the most at­trac­tive pack­ages, he says.

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