Strongest wage growth prospects this financial year

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Five specialist jobs have been identified as having the strongest wage growth prospects this new financial year thanks to infrastructure rich state and federal government budgets, a disruptive tech community and tightening regulatory pressures faced by big business.   

Five jobs predicted to have strongest wage growth

Australians in IT, corporate governance and infrastructure sectors are poised to be the wage winners this financial year thanks to strong demand for specialist top talent. And those with job titles such as Big Data Developer, Data Security Specialist, Risk Management Consultant, Procurement Professional and Civil Engineer have particular reason to smile. 

Robert Walters, Director NSW, Andrew Hanson said: the first half of 2017 has been predictable as we have seen very little salary growth outside of a few specialist areas, while the second half of 2017 promises to be better particularly in the IT and infrastructure industries.

Thanks to over $70 billion committed to infrastructure projects by the federal government and significant disruption and continued growth in the technology sector, we expect more and better paying jobs will start to appear in the market as the year goes on.

Due to upcoming regulatory changes, particularly in the banking and financial services industries, with governance, culture and conduct under the microscope, specialist risk and compliance jobs will also be in demand”, commented Mr Hanson.   

Other key trends expected in the coming 12 months

Other trends include soft skills becoming increasingly important particularly customer service and stakeholder engagement skills sets, while candidates with project management and business analysis experience will be in highest demand.

“Contract positions will continue to see growth and are being favoured by more and more organisations that are looking to increase resource outcomes while reducing costs”, said Mr Hanson. 

For those thinking about moving roles the financial year presents an opportunity to start fresh however there are some factors worth keeping in mind. 

Market competition aside, for those Australians looking to move jobs or even careers this financial year, it is important to consider the non-financial considerations. Our data reveals 56% of Australians will be looking to move jobs this financial year and of those only 28% will change jobs for a better salary. Career progression, flexible working conditions and cultural fit will be the major non-financial reasons jobseekers will be looking to move jobs this financial year.

 

Interested in finding out more on fintech disruptions and career aspirations? Read our latest article here.

Contact us today for a private discussion or to find out relevant industry information. Alternatively, click here to review the latest jobs. 

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