YOUR QUESTIONS ANSWERED

HOW MUCH OF A PAY INCREASE SHOULD I EXPECT THIS YEAR?

LISA MORRIS DIRECTOR, HAYS

Our annual Hays Salary Guide will be released on Tuesday and in it we answer this. Not all Australians will receive equal salary rewards, with some industries more generous than others. The value of your pay rise depends as much on your achievements as it does on the salary increase budget your organisation puts aside. Prepare a list of achievements that exceed your objectives and the benefit to the company, and research the salary you feel your results are worth.

JUSTIN HINORA EXECUTIVE CONSULTANT, HENDER CONSULTING

Salary increases each year are not always a given. In some sectors in softer times, simply keeping your job can be considered the equivalent of a pay rise. If you are under an award or EBA then generally, provision for increases are clearly outlined or defined. There are many variables that affect remuneration and it is often different across different industries. Relevant skills and experience of the individual are also important factors.

DR NERIDA HILLBERG EXECUTIVE DIRECTOR OF PSYCHOLOGY, FERRIS MANAGEMENT CONSULTANTS

Pay rises depend on a lot of factors. One, whether you met and exceeded your individual key performance indicators (KPIs). Two, how well the organisation as a whole performed. Three, how your industry sector fared. Four, how buoyant the national economy is. Generally speaking, all employees can expect a pay rise in line with inflation.

ALEXANDRA ROSSER HEAD OF ORGANISATIONAL PSYCHOLOGY CONSULTING, STILLWELL MANAGEMENT CONSULTANTS

Pay rises are expected to be minimal given the flat CPI, low business confidence and stagnation of wage growth. Those who have niche or specialist expertise, particularly in risk and compliance, engineering and projects, complex business intelligence and problem-solving, and sophisticated IT, technology and infrastructure are projected to experience wages growth.