Key Salary trends for Australia 2016

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The latest Robert Walters Salary Survey reports high demand for specialised professionals to push salaries up, where other roles are to remain steady.

Salary increases for Australian professionals will be modest across the board. However, key roles in some sectors such as IT security are in high demand.

 

 

Managing Director, James Nicholson said: "We saw positive signs and movement in the Australian recruitment market in late 2015. The recent economic uncertainty may dampen business confidence but we're yet to see any impacts on recruitment.

"While salaries overall will remain steady there are good opportunities in the market, and we are seeing some professional roles in high demand especially as the Australian economy is moving away from it's reliance on the resources sector. Victoria and NSW are the leading states showing positive growth across most surveyed sectors.

"Increasing regulatory requirements for financial institutions and IT security, investment in large infrastructure projects and catching up on the recruitment decline following the 2008 financial crisis are factors driving this demand," said Mr Nicholson.

The five leading professions in demand are:

  1. IT Security - particularly in cyber security, FinTech, e-commerce, big data and analytics. Globally these specialist skills are in demand with some markets expected to increase salary offers by 25%. This is also reflected in Australian results, with some IT roles expecting upwards of AU$30,000 increases on their current salaries
  2. Risk and compliance finance specialists - to match the increasing globalisation of compliance and collaboration between regulators
  3. Lawyers with at least five years post qualification experience
  4. Construction engineers - public and private investment in infrastructure projects is driving demand for skilled candidates
  5. Sales and marketing professionals - particularly those who can sell complex solutions and have experience in digital and consumer insights using data analytics
"In Australia, candidates with skills in demand are looking at work/life balance options and their career development, and not just a good salary offer when considering their next role", said Mr Nicholson.
Candidates with skills in demand are looking at work/life balance options and their career development, and not just a good salary offer when considering their next role.
 
"Other jobseekers may need to look beyond their technical capabilities, broaden their career options and adjust their salary expectations. this means considering what employers are looking for - the ability to communicate and engage with stakeholders well, Australian market experience, strong business networks and commercial nous."
 
Now in its 17th year in 2016, the Robert Walters Salary Survey is one of the only hard copy surveys of its type and covers the UK and Ireland, Continental Europe, the Middle East, Africa, Asia, Australia and New Zealand as well as North and South America.
 
The Salary Survey provides insights into salary packages and recruitment trends across an extensive range of sectors globally including Finance, IT, Legal, Human Resources, Sales and Marketing, Resources and Engineering, Procurement and Supply Chain, and Secretarial and Business Support.
 
 

 

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